🇮🇳 Roundup: BharatPe controller questions consulting firm on report leak

Startups in India, including Fantasy Trading League and Renee Cosmetics, have raised at least US$10.3 million in funding over the past day from international and local investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news from India today:

BharatPe controller questions consulting firm on report leak

Madhuri Jain, controller at the fintech company and wife of co-founder Ashneer Grover, has written to consulting firm Alvarez & Marsal, questioning their independent probe into BharatPe’s alleged irregularities.

The development comes after Alvarez & Marsal was brought in by BharatPe’s board to look into the startup’s internal governance practices. According to the initial findings, Jain allegedly got at least three invoices for supposedly hiring consultants.

The executive said she’s looking into pursuing legal action against Alvarez & Marsal and asked for an internal investigation into how the probe’s results were leaked.

Freshworks posts 44% growth in Q4 revenue

Its revenue for stood at US$105.5 million compared to US$73 million in the same year-ago quarter.

Net loss for the fourth quarter of FYE 2021 was US$74.7 million, jumping from a loss of US$1.4 million during the same period in 2020.

Freshworks posted a total revenue of US$371 million for the full year, a 49% leap compared to 2020. Meanwhile, its full-year net losses widened over 2x to US$192 million from US$57.3 million in 2020.

Imarticus Learning buys game-based edtech firm

The acquisition of StratOnboard was done through a combination of cash and equity, but other financial details were undisclosed.

The StratOnboard deal marks Imarticus’ second acquisition after buying Eckovation, a social learning platform.