EQUITY ROUND
Matter Motors raises Rs 82 crore from Japan Airlines & TransLink Innovation Fund, others
EV bike maker Matter Motors raised Rs 28 crore in funding led by investors Japan Airlines & TransLink Innovation Fund among others. The company competes with automakers like Ultraviolette and Tork Motors.
Novavente raises $3 million from Highbrow Securities
The partnership with Highbrow Securities is also expected to enhance Novavente's market credibility as it prepares for a public listing on the London Stock Exchange. The sales consulting firm will use the fresh funds to fuel expansion plans and enhance offerings and services. Beyond its core business, Novaventa has also invested in developing generative AI products.
Cloudphysician raises $10.5 million in funding round led by Peak XV Partners
Online healthcare and technology solutions provider Cloudphysician has raised $10.5 million (about Rs 87.7 crore) in a funding round led by Peak XV Partners, along with Elevar Equity and venture debt firm Panthera Peak. The startup will use the capital to strengthen its presence in India, enter other countries and develop its AI platform.
Ahead of IPO, Officer's Choice whisky maker Allied Blenders raises Rs 449 cr from anchor investors
The company has allocated 1.6 crore equity shares to 17 funds at Rs 281 each, the top of the price band, amounting to a deal size of Rs 449 crore, according to the report. The public offering, priced between Rs 267 and Rs 281 per share, aims to raise Rs 1,500 crore and will be open for subscription from June 25 to June 27.
Neobank Jupiter's NBFC business raises Rs 20 crore from Peak XV, Matrix, others
Jupiter's NBFC business, Amica Finance, raised Rs 20 crore in equity funding from Peak XV Partners, Matrix Partners, and others. The funding round included issuance of Series A CCPS at Rs 20.43 per share. Jupiter obtained an NBFC license from RBI and a prepaid payments instrument license.
Ummeed Housing Finance raises Rs 630 cr equity
Ummeed Housing Finance raises ₹630 crore in Series F round from investors including A91 Partners LLP and existing investors. Funds to be used for expansion in central and southern India.
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Warburg Pincus may lead $100-150 million funding round in Saas firm Whatfix
Private equity firm Warburg Pincus is set to lead a $100-150 million funding round in SoftBank-backed SaaS firm Whatfix, with participation expected from SoftBank and early investors Helion Venture Partners and Eight Roads Ventures. Whatfix is said to be clocking an annual recurring revenue of $70-75 million.
Akme Fintrade collects Rs 38 cr from anchor investors; IPO to open on Jun 19
The Udaipur-based company has allocated 31.35 lakh equity shares to anchor investors at Rs 120 each, amounting to Rs 37.62 crore. The company's Rs 132 crore IPO includes a fresh issue of 1.1 crore equity shares, with a price band of Rs 114-120 per share. The subscription period for the IPO will open on June 19 and close on June 21.
GenAI startup Ayna raises $1.5 million in funding round led by Inflexor Ventures
Generative AI startup Ayna raises $1.5 million led by Inflexor Ventures to enhance AI capabilities for product photography accessible to businesses.
Scoop: DST Global, Lightspeed, others may join Zepto’s financing round valuing it at about $3 billion
Investors are bullish about the company, lured by the growing adoption of ultra-fast delivery platforms despite the high cash burn that typically accompanies these kinds of good-for-consumer businesses.
Funds make a beeline for beauty platforms; Purplle raises $100 million
ADIA leads a $100-million financing round in Mumbai-based beauty retailer Purplle at a valuation of $1.2-1.3 billion. Creaegis, a PE fund, is expected to join the funding round. MCaffeine, a caffeine-based skincare and haircare brand, is also in the middle of a fundraise process and exploring strategic investors. The funding would be in MCaffeine’s parent firm PepTechnologies, which houses skincare brand Hyphen, along with recent fundraise by Foxtale and Traya.
Zepto’s mega financing; shareholder battle at Kenko Health
Happy Wednesday! Zepto is holding talks with investment fund DST Global and venture capital firm Lightspeed for funding. Details on this and more in today's ETtech Morning Dispatch.
Ixigo raises Rs 333 crore from anchor investors ahead of IPO
Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore are some of the marquee investors who subscribed to Ixigo's anchor book. The company had already announced pre-IPO secondary placements of around Rs 176.2 crore at the top end of price band.
India rate decision rounds off wild week
India's interest rate decision and Chinese trade figures are key events for Asian investors on Friday amid global political volatility and stock market highs.
BNPL startup Simpl undertakes another round of layoffs, rejigs senior leadership
Simpl, a Bengaluru-based consumer credit startup, laid off 30 employees after firing 160 executives. Senior executives Vatsal Jain, Ashwini Ravindranath, and Ramkumar Narayanan resigned. Earlier in April 2023, the BNPL startup let go 25% of its workforce or around 150 employees.
Bluestone's unicorn round; Sorin’s Rs 1,350-crore fund
Happy Wednesday! Omnichannel jewellery startup Bluestone is nearing unicorn status with a potential $100-million pre-IPO investment. More on this in today’s ETtech Morning Dispatch.
Ride-hailing startup BluSmart to raise Rs 200 crore in new funding
BluSmart has raised nearly $24 million or Rs 200 crore in its latest funding round. In January this year, BluSmart had raised $25 million, while in 2023 it conducted funding rounds worth $66 million.
Ahead of IPO, Awfis Space Solutions garners Rs 268 crore from anchor investors
Those who participated in the anchor round include -- Goldman Sachs, EastBridge Capital Master Fund, HDFC Mutual Fund (MF), ICICI Prudential MF, Axis MF, UTI MF, Aditya Birla Sun Life Insurance Company and SBI General Insurance Company.
OYO withdraws DRHP, to refile IPO post refinancing: Sources
OYO IPO: Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to USD 450 million via sale of dollar bonds, sources said.
Drone-based agritech startup BharatRohan raises $2 million
BharatRohan, a startup, raised $2.3 million pre-IPO for developing advanced drones for crop monitoring. The fund will expand services nationwide, supporting 50,000 farmers across five states with hyperspectral sensors for precise agricultural insights.
Agritech startup Superplum raises $15 million from investors to expand fresh fruits business
Superplum has built a direct-from-farm produce supply chain, using proprietary technology and cold-chain infrastructure to fundamentally improve how produce is grown and brought to market.
FlashAid raises $2.5 million in funding round led by Piper Serica Angel Fund, SOSV
Founded by Manoj Gupta and Gunjali Kothari, Flashaid is working on exclusive tie-ups with insurance companies to tailor-make products and partner with e-commerce platforms and brands to distribute insurance to their users.
Dhruva Space bags $9 million from IAN Alpha Fund, others
Dhruva Space founder and CEO Sanjay Nekkanti told ET the Hyderabad-based startup will use the capital infusion, of which Rs 44 crore was in debt, to set up the first phase of its 2.8 lakh sq ft spacecraft manufacturing facility in the city.
Avanse secures Rs 1,000 crore equity funding from Mubadala
Education-based NBFC Avanse said it will use the funds to shore up its position in the education financing segment through sustained profitable growth with a focus on improving customer experience.
Sustainability platform Tapfin bags $4 million in funding from Elevar Equity
The Mumbai-based company plans to utilise the freshly acquired capital to fuel its growth initiatives, expand its market reach, and enhance its technological capabilities by attracting top-tier talent across various domains.
Matrix Gas & Renewables raises Rs 350 cr in pre-IPO round
Matrix Gas and Renewables Ltd (Matrix) on Tuesday said it has raised Rs 350 crore in the pre-IPO round to accelerate expansion of its gas business, acquisitions, and funding capital expenditure plans.
Indonesian startup Wagely raises $23 million in equity-debt mix
The equity portion of the round is led by Capria Ventures, which has invested in the likes of social networking platform, ShareChat, edtech Masai School and Cuemath in India. Launched in 2020, Wagely’s financial wellness platform allows workers to better manage their money by letting them access their pay after each workday.
Trust Fintech raises Rs 5.42 cr in pre-IPO round
Software solutions provider firm Trust Fintech Ltd on Friday said it has raised Rs 5.42 crore in a pre-IPO funding round. Earlier this month, the company filed preliminary papers for the Initial Public Offering (IPO) and the shares are expected to be listed on NSE Emerge in March.
NBFC InPrime raises $3 million in funding round led by Matrix Partners India
The funds will be deployed to broaden the company’s geographical presence, grow the team across risk, engineering, analytics and sales.
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