ALTERIA CAPITAL INVESTMENTS
Ambulances startup Red.Health raises $20 million led by Jungle Ventures
Hyderabad-based startup Red.Health will use the fresh capital to innovate its product, advance its technology, and improve its dispatch system to minimise human errors and optimise response time.
Agritech firm Poshn raises $4 million in funding led by Prime Ventures Partners, Zephyr Peacock
Agritech firm Poshn will use the capital to build its innovative stack of solutions that address the gaps in the system, and expand to global markets with imports and exports in profitable categories to Southeast Asia and the Middle East.
Early stage VC IvyCap Ventures announces final close of third fund at Rs 2,100 crore
The fund is allocating a significant portion of its third fund to invest in around 25 early-stage startups. These initial investments will typically range from Rs 30 crore to Rs 50 crore. Some of the startups that have already received funding include Dhruva Space, Snitch, Celcius Logistics, GradRight, Eggoz, and Flexifyme.
ETtech In-depth: How a diversified capital pool is changing dealmaking for Indian startups
Startups witness a shift in investment trends. Domestic investors, family offices, and public market investors like ValueQuest and Singularity Ventures actively back ventures. Investment landscape changes as global funds retreat, and founders turn to investment banks for funding.
Aakash Chaudhry won’t return to Byju’s; Alteria’s Rs 1,550 crore Fund-III
Happy Thursday! Talks between Aakash Institute promoters and Byju’s on Aakash Chaudhry’s return to helm the coaching firm have failed. Details on this and more in today’s ETtech Morning Dispatch.
Alteria Capital logs final close of Fund-III at $195 million
Alteria Capital will back startups that have raised venture capital funding of up to Rs 200 crore each through the venture debt fund. The fund has already deployed 50% of the total capital commitments to portfolio companies, including One Card, Renee Cosmetics, Samunnati, BlissClub, Rebel Foods, Giva, Lead School, Kissht, Captain Fresh, Traya, BlueStone and Ather.
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EV financing startup Vidyut raises $10 million in funding led by 3one4 Capital
Vidyut, founded in 2021, did not disclose the company's valuation at which the capital was raised or the exact mix of equity and debt in the funding. The EV financing startup mainly caters to electric three-wheeled vehicle fleet owners by providing them with financing and ownership.
EV startup Vidyut raises USD 10 million from 3one4 Capital, others
The company said it aims to double the headcount by the end of next fiscal as it prepares to build a full-stack EV ecosystem and that it will utilise the fresh capital to scale its offerings to the EV ecosystem.
ETtech Deals Digest: Funding crunch continues, investments down 40% in November to $409 million
New-age tech companies raised a total of $409 million in November across 63 rounds, according to data from market research firm Tracxn. Overall funding for the month was down 40% in terms of value compared to a year earlier, when startups raked in $682 million from 136 rounds.
Euler Motors raises Rs 120-cr in funding round
EV maker Euler Motors has raised Rs 120 crore in a funding round including British International Investment and Green Frontier Capital. The company is determined to use the raised capital to enter 40 cities by the end of FY 2023-24. This series-C extension round takes the tally of total investments to about Rs 690 crore.
Deepika Padukone dips toe in speciality coffee with investment in Blue Tokai
Ka Enterprises has joined Blue Tokai’s Series B round announced in January this year, in which it raised $30 million at a valuation of around Rs 650 crore. A91 Partners led the round.
Jewellery brand Giva raises Rs 200 crore from Premji Invest, others
Giva Jewellery on Wednesday announced that it had raised Rs 200 crore in a Series B funding round led by Premji Invest.
Design Cafe raises Rs 40 crore funding from WestBridge Capital, Mirabilis Investments
Design Café was valued at $96.5 million as of August 2022, data sourced through business intelligence platform Tracxn showed.
Nilekani-backed Ayu Health looks to expand footprint by 2023 end
In April last year, Ayu Health raised $27 million in its Series-B funding round, led by Fundamentum Partnership, an early-stage growth fund founded by Nilekani and Sanjeev Aggarwal, along with participation from 57 Stars, Capier Investments and angel investors including Ashish Gupta, Khadim Batti and Vara Kumar.
Neobank Jupiter picks up Rs 100 crore in venture debt funding from Alteria Capital
The Mumbai- and Bengaluru-based company was founded by Jitendra Gupta, as his second venture in the fintech space after selling Citrus Pay to Naspers-owned PayU in 2016.
Alteria Capital makes first close of third venture debt fund at Rs 1,000 crore
Fund III’s size is expected to be Rs 2,000 crore and will close over the next two-three quarters.
Moonlighting could topple IT industry, says TCS COO; firm plans internal 'gig' platform
Top executives of India’s IT services companies have been outspoken in their criticism of moonlighting – taking up dual employment – and both Wipro and Infosys have recently sacked employees found to be working second jobs. Now, N Ganpathy Subramaniam, chief operating officer of TCS, tells us the practice is not only unethical but presents an existential crisis to the $227-billion IT industry.
India's Alteria Capital in talks to raise up to $438 million for third fund: sources
Alteria is aiming to raise up to 20 billion rupees, including overallotment, for its primary venture debt fund that will be part of a dual-fund structure.
Neobank Muvin raises $3 million, plans to double its team in 12 months
Muvin caters to both teens and young adults through its prepaid card and mobile app. Headquartered in Bengaluru, it currently has over 50,000 registered users and aims to grow to one million customers in the next 12 months.
Sunstone Eduversity raises $28 million from WestBridge, others
Edtech startup Sunstone Eduversity will use the funding to invest in learning and technology assets, build a network of colleges across multiple cities, and hire across different functions.
Alteria Capital announces first close of its second fund at Rs 1,800 crore
The second fund includes a target corpus of Rs 1,000 crore and a green shoe option of Rs 800 crore, said Vinod Murali, founder and managing partner of Alteria Capital.
Stride Ventures launches second fund to invest in early to late-stage startups
Stride Ventures India Fund II has a corpus of Rs 1,000 crore with a greenshoe option of Rs 875 crore to invest in early- to late-stage startups.
Alteria Capital raises Rs 1,325 crore for its second fund
Alteria Capital’s second fund, which is targeting a final close at Rs 1,500-1,700 crore by September, will look to back more startups through its debt solutions, founder and managing partner Vinod Murali says.
BharatPe raises Rs 90 crore in debt funding from Alteria Capital
This debt funding is part of the Rs 250 crore that BharatPe is looking to raise in this funding round, Alteria Capital says. The company has raised $142.5 million till date through various equity and debt rounds.
Alteria Capital looking to raise up to Rs 1,750 crore in second fund
With its ability to recycle capital, Alteria Capital will effectively have more than Rs 4,000 crore available for funding startups across venture debt and structured solutions.
DaMENSCH raises Rs 50 crore led by Matrix Partners, Saama Capital, others
DaMENSCH sells through its own website and other major e-commerce retailers such as Amazon, Flipkart, and Myntra.
Stride Ventures to fund 10-15 startups by March 2021
The company typically funds startups in the edu-tech, agritech, consumer, logistics, and healthtech sectors.
Byju's valuation surges to $10.5 billion
The deal will be the first investment in India for Bond Capital, which raised a $1.2-billion fund last year and has backed Australian graphic design startup Canva and UK's digital banking app Revolut.
Dunzo picks up $11 million from Alteria Capital
The funding will help Dunzo scale up in other geographies, while retaining value for its existing shareholders, including employees, the company said in a statement.
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