The Tech Pandatakes a look at recent funding events in the tech ecosystem, seeking to know where the cash is flowing. Led by: Carpediem Capital and Sanshi Fund – I IIRM Holdings India Ltd, the holding company of a leading insurance distribution and risk advisory group with operations across India, Singapore, Sri Lanka, the Maldives and Kenya, announced a INR1,500 million strategic capital raise through a combination of Equity Shares and Fully Convertible Warrants at a price of INR143.28 per security, subject to shareholder and regulatory approvals. The issue is subject to the approval of the shareholders of the Company and such other statutory, regulatory and governmental approvals, permissions, consents and sanctions as may be required. The investment is being led by Carpediem Capital and Sanshi Fund – I. “IIRM has built a high-quality, scalable platform in a large, underpenetrated market. Industry is poised for a consolidation play with many small to mid-sized players, and we believe IIRM is well positioned to be among the front runners in this space.” said, Hithendra Ramachandran, Co-Founder & MD, Carpediem Capital. “IIRM’s strong fundamentals, experienced management and clear direction make it a compelling growth story. We are delighted to support its journey as a leading regional insurance distribution group”, said Saranya Agarwal, Founder, Sanshi Fund – I. 90+ My Tuition App, a Bengaluru-based K-12 education company, has announced a strategic investment from Equity Intelligence, the investment firm led by renowned investor Porinju Veliyath. The investment will support the company’s ambitious national expansion plans and the development of its next-generation AI Teacher Programme. Porinju Veliyath said, “I have always believed in backing businesses with strong fundamentals, clear vision, and the potential to create long-term value. 90+ My Tuition App stands out for its outcome-driven model and its thoughtful use of technology and AI to improve learning outcomes at scale. We are pleased to support its next phase of growth as it expands its impact across India.” “Our vision has always been to build India’s most trusted K-12 tuition ecosystem”, said Vingish Vijay, Founder of 90+ My Tuition App. “This strategic investment from Equity Intelligence is a significant milestone in our journey. It will enable us to expand our presence across India, strengthen our technology platform, and accelerate the development of AI-powered teaching solutions that will redefine personalized learning.” Led by: Indian Overseas Bank (IOB) & Northern Arc Capital SAVE Microfinance Pvt. Ltd., a microfinance institution committed to advancing financial inclusion across India, successfully raised INR40 crore in debt funding, comprising INR25 crore from Indian Overseas Bank (IOB) and INR15 crore from Northern Arc Capital. The funding will strengthen the company’s lending capacity and support its mission of expanding access to responsible financial services for underserved
