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E Commerce

E-commerce platform Hoods raised undisclosed investment from valU

E-commerce platform Hoods raised undisclosed investment from valU, MENA’s BNPL lifestyle-enabling fintech platform.

Hoods uses live video to help shoppers find and compare brands. The investment by valU aims to leverage Hoods’ platform to penetrate the rapidly growing virtual shopping space and diversify its offering to both new and existing valU customers and merchants. According to valU, the transaction will allow it to expand on its strategy of providing access to the tools and financing needed to build better lives and businesses. In contrast to traditional e-commerce, Hoods uses videos created by individuals using creative content to produce product displays for customers.

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Digital lending startup Finnable has raised Rs 250 crore this August in a funding round led by Z47 (formerly Matrix Partners) and TVS Capital. This is the company’s second tranche, with the first Rs 250 crore being infused by the same investors back in November 2024. Post this round, the total capital raised by the Bengaluru-based lending startup stands at Rs 540 crore. The MEMG family office, led by Ranjan Pai, has also invested in the company. The firm plans to invest the fresh funds in technology, expand its branch network, and build new product… Source link