Investments Highlights: Smartworks Secures USD 12 million, CP Group Backs GoPizza, IPO-bound Ola Electric Acquires Debt Funding, and Various Other Notable Deals

In the dynamic world of tech and startups, numerous companies have recently secured significant investments to fuel their growth and ambitions. Here's a roundup of some of the latest funding news:

Leidong, a national clean tech enterprise, closed an undisclosed Series A financing round. The funding round was led by Baoding Hi-tech Zone Venture Capital, with support from Dankang Investment and other undisclosed investors. The exact amount raised was not disclosed.

LanchenSL, a digital solutions provider for the construction industry, completed a Series A round of financing. The investor details for this round remain undisclosed.

Smartworks, a Gurugram-based office space provider, raised USD 12 million in a funding round. The funds will be used to expand Smartworks' presence and strengthen its position in the coworking space market. With over 600 clients and operating over 8 million square feet of office space across more than 40 locations, Smartworks is poised for growth.

GoPizza, a tech-enabled pizza chain, received a USD 10 million investment from Charoen Pokphand Group (CP Group). This investment brings GoPizza's total funding secured to USD 50 million. GoPizza aims to launch over 1,000 outlets in South Korea and expand globally to operate 1,200 outlets by the end of 2024. In 2023, the company amassed an overall revenue of approximately USD 35 million.

Clapingo, an on-demand English tutoring platform, raised an undisclosed amount in a pre-Series A funding round. The investors in this round include Sandeep Aggarwal (Droom and ShopClues), Biswa Kalyan Rath, Appurv Gupta, and around 45 other investors including Plutus Capital, Kili Ventures, and Dhawan Family Trust. The funds raised will be used to enhance the company's product offerings, develop the platform's fluency report system, and strengthen marketing efforts.

Da Instruments, a Shenzhen-registered test and measurement company, secured tens of millions of RMB in an angel round of financing. The details of this investment were not disclosed.

Eli, a manufacturer of air suspension solenoid valves, received an undisclosed amount of strategic funding from Fresh Capital.

Ingeek, an automotive technology company, raised close to RMB 300 million in a Series C funding round from Jinhua Ketai Fund and Continental AG.

Pukang Biotechnology, a Chengdu-based company, completed a Series B+ round of financing, raising hundreds of millions of RMB.

YesWeHack, a bug bounty and vulnerability management platform, raised USD 28 million in a Series C funding round led by private equity firm Wendel.

Ola Electric, a Bengaluru-based electric scooter manufacturer, raised USD 12 million in debt funding from Alteria Capital. In addition, Ola Electric has received approval from the Securities and Exchange Board of India for an IPO, valued at USD 660 million.

Huaxin Tianwei, a high-tech enterprise based in Chengdu, completed a new round of equity financing, but the details of the investment were not disclosed.

Tsinergy Gasification Technology, a Henan-registered producer of hydrogen liquifiers, completed a pre-Series A+ round of financing, raising a total of RMB 158 million.

These funding rounds mark significant milestones for these tech enterprises and startups, providing them with the resources they need to innovate, expand, and make a lasting impact in their respective industries.

Investments Highlights: Smartworks Secures USD 12 million, CP Group Backs GoPizza, IPO-bound Ola Electric Acquires Debt Funding, and Various Other Notable Deals