JUNGLE VENTURES
General Catalyst-Venture Highway deal; Sebi clears Ola Electric IPO
Silicon Valley investor General Catalyst has acquired Indian early stage fund Venture Highway. More on this in today’s ETtech Top 5.
Specialty chemicals platform Distil raises $3.1 million funding led by Jungle Ventures
Distil, a specialty chemicals platform, has raised $3.1 million in a funding by Jungle Ventures and India Quotient. This is the first seed investment made by Jungle Ventures after launching First Cheque@Jungle. The startup will use the capital to expand its sales team, R&D and other such areas.
Ice cream brand Hocco secures Rs 100 crore, valuation hits Rs 600 crore
Ahmedabad's Hocco has secured fresh funding of Rs 100 crore (approximately $12 million). Led by the founding Chona family and existing investor Sauce VC, the round valued Hocco at Rs 600 crore. The deal also attracted angel investors like Bollywood filmmakers Ritesh Sidhwani and Farhan Akhtar. The company projects revenue to reach Rs 200 crore by March 2025.
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.
Deal activity on the rise in consumer & retail sector
India's consumer and retail sector experienced a surge in M&A and private equity deal activity in the March quarter. The sector recorded 102 deals valued at $1.74 billion, with a focus on acquisitions and investments in the food processing and healthy food market segments.
Surfs up! Mid-sized companies catch the PE/VC wave
Executives said the fresh round of investments is playing out for brands that are either occupying niches or already taking market share from established brands. The list includes Dairy Classic and NIC ice creams, SkinQ dermo-cosmetics, Grameen Kulfi, Fresh Press juices, Woodsmen Mountain Whiskey, Yu instant foods and Natch snacks, among others.
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Karen Gillan talks about production of Jumanji 4 - When will the thrilling jungle adventure movie release?
Karen Gillan has addressed the extended wait for Jumanji 4, heightening anticipation among fans for news about the franchise's next steps. Since its revival almost five years ago, the Jumanji series, loosely based on Chris Van Allsburg's cherished children's book, has enthralled audiences.
Navam Capital announces first close of maiden fund at Rs 50 crore
Navam Capital announces first close of Navam Venture Fund I with commitments of Rs 50 crore. The fund aims to invest in intellectual property-rich ventures translating science and engineering breakthroughs into differentiated products and services, targeting a fund size of Rs 250 crore.
D2C startup The Ayurveda Experience secures $27 million in funding led by Jungle Ventures
The funding round at The Ayurveda Experience also saw investment from Sidbi Ventures, Anicut Capital and Sharrp Ventures (part of the Mariwala Family Office that runs consumer goods major Marico).
Jungle Ventures invests $20 million more in ice cream maker Walko in larger trend
Jungle Ventures invested $20 million in Walko Food, an ice-cream brand and quick-service restaurant company. Investors are focusing on quick capital efficiencies and centralised infrastructure in the food brand sector. Startups with food brands raised significant growth-stage fundings.
Orient Growth Ventures closes second India and South East Asia fund at $90 million
Orient Growth Ventures' Fund-I is currently tracking an internal rate of return of 23%. While still in its early stages, the firm is optimistic about achieving its performance targets. The upcoming years will be crucial for evaluating the success of the fund.
ETtech Deals Digest: Early-stage deals in focus as startup funding remains muted at $146 million this week
Indian startups secured $146 million in funding across 22 rounds this week, down 70% from last year’s $494 million across 46 rounds, according to market research firm Tracxn.
Showroom B2B raises $6.5 million in funding led by Jungle Ventures
The latest round of funding will help scale the company’s experience store model across Tier II and III markets in India, as per a statement. These stores facilitate access to garment samples and catalogues for fashion retailers and wholesalers.
Jungle Ventures launches programme to invest $2 million or above in seed capital
Jungle Ventures invests in early- to growth-stage companies in Southeast Asia and India. Its portfolio includes Moglix, Livspace, Builder.ai and Atomberg among Indian startups.
Former Twilio executive Ved Antani joins BetterPlace as chief product & technology officer
Antani last served as general Manager and vice president, engineering and product, at NYSE-listed cloud communications company Twilio.
Healthtech investor HealthXCapital merges into Jungle Ventures
Two investment professionals from HealthXCapital’s team – Seemant Jauhari, managing partner and Jimit Patel, senior associate – will be joining Jungle Ventures too, Jauhari told ET. Jauhari also said that he has been made a partner for the healthcare vertical.
ETtech Deals Digest: Funding drought persists as startups raise just $1.06 billion in May
The funding numbers for May were bolstered by late-stage investments in app development startup Builder.ai and Walmart-owned fintech major PhonePe. These two deals together accounted for a third of the total inflow in May.
Ice cream maker NIC raises $11 million in round led by Jungle Ventures
The fresh funds will be used to expand Walko’s production, enhance its product offerings, and broaden its distribution reach. The company also plans to invest in efficiency management systems, including enterprise resource planning software to strengthen its business operations and support growth.
BetterPlace raises $40 million via convertible notes in ongoing funding round
New investors Macquarie Capital and SITE Capital Partners have participated and infused funds as a part of the latest tranche, persons aware of the deal told ET.
After 18-month delay Byju’s releases audited FY21 results; The Merge sparks Ether trading surge
This marks a significant drop of around 50% from the projected revenue of about Rs 4,400 crore cited in the unaudited results of Byju’s parent firm Think & Learn Pvt Ltd, which has been facing intense scrutiny over its accounting practices in recent months.
Jungle Ventures to triple its investment team in India
The company, which closed its fourth $600 million fund in May, has a team of four professionals in New Delhi and Bengaluru. The company foresees a pickup in the pace of deploying capital in 2023.
Fractional ownership platform hBits raises ₹20 crore from angel investors
The property technology company is planning to scale up various activities, including acquisition of new assets under management, customer acquisition and expansion of the business to newer cities. It is also looking to strengthen the technology to bring more transparency to information sharing and to increase the ease and security of transactions.
Stock trading platform MarketWolf raises $10 million in funding
MarketWolf plans to use the capital to build out its product suite and to hire top talent across product, marketing and engineering functions.
Study-abroad startup Leap raises $75 million from Owl Ventures, others
The San Francisco- and Bengaluru-based company is planning to utilise the funds to expand overseas, such as launching its products in Bangladesh and in other Southeast Asia markets.
Singapore- based Jungle Ventures raises $600 million for new fund
The funding includes $450 million in the main Fund IV and $150 million in additional managed commitments, one of the largest pools of capital available in the region, a senior Jungle Ventures executive told ET.
Insurtech startup Turtlemint bags $120 million as valuation tops $900 million
The company intends to use the fresh funds to expand in new geographies, including international expansion into Southeast Asia scale its leadership team and strengthen its product line.
inFeedo raises $12 million from Jungle Ventures, Tiger Global
The company said that it has tripled its valuation in less than 18 months and has scheduled its second ESOP buyback for all employees.
Atomberg raises $20 million in funding led by Jungle Ventures
The round, which takes the overall funds raised by the company to $45 million since inception in 2012, also saw participation from Inflexor Ventures, and existing investors A91 Partners and angel investor Ramakant Sharma, as per an official statement.
BetterPlace raises $24 million funding led by Jungle Ventures, CX Partners
The company will use the fresh funds to continue to invest in technologies and products to support its exponential growth as well as aggressively pursue inorganic growth opportunities, it said in a release.
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