Page 12 - Fundraising

Fund-raising through IPOs at record Rs 1.19 trillion in 2021, shows data

IPOs from new-age tech start-ups, strong retail participation, and huge listing gains were the key drivers that fuelled the IPO boom

Disinvestment's tough climate call: The hurdle in govt's fund-raising path

A raft of energy and mineral CPSEs currently lined up for sale may find it difficult to attract buyers because they lack viable environment-related agendas

Zepto races to $570 mn valuation, says median delivery time is 8:24 min

The company said it has been tripling its user base every month

Cult.fit acquires RPM Fitness, three other equipment brands

Cult also recently completed a $150 million series F fundraise and had entered the unicorn club

Fintech unicorn Razorpay's value jumps to $7.5 bn; up 7.5x in 15 months

Razorpay was valued at $1 billion in October 2020 and $3 billion in April 2021

Healthcare startup Pristyn Care raises $96 million, joins Unicorn club

By March 2022, the company plans to increase its geographical footprint by expanding to over 50 cities and towns and 1000 surgical centres

Bhavish Aggarwal-led Ola raises $139 mn, valuation crosses over $7 bn

The new funding comes at a time when Ola's transportation business has been badly hit by the pandemic

Dream 11 parent Dream Sports raises $840 mn at valuation of $8 bn

The firm had raised $400 million in its previous funding round at a $5 billion valuation in March this year

CoreStack closes $30 million funding round led by Avatar Growth Capital

The funding will help CoreStack continue its rapid pace of growth and innovation with its AI-powered continuous and autonomous cloud governance at scale

Udaan eyes funding to become largest B2B retail player in Asia

The company has already raised $1.2 billion and is currently valued at $3.1 billion

Home First Finance Co India plans to raise up to Rs 99 cr via bonds

Home First Finance Company India on Tuesday said it is planning to raise up to Rs 99 crore by issuing bonds on a private placement basis. "A meeting of the committee of directors of the company is scheduled to be held on Monday, November 22, 2021," the non-banking financial company said in a regulatory filing. Under this, the company plans to issue secured, redeemable and taxable non-convertible debentures on a private placement basis, in one or more tranches up to Rs 99 crore, it added. Shares of Home First Finance Company India on Tuesday closed at Rs 736.55 apiece on the BSE, up 0.44 per cent from the previous close.

Go Fashion raises Rs 455 crore from anchor investors ahead of IPO

Go Fashion's IPO opens on Wednesday and closes on Friday

EV charging platform ElectricPe raises $3 million funding in a Seed Round

Electric Vehicles (EV) charging platform, 'ElectricPe', on Thursday announced that it raised a Seed Round of USD 3 million, led by Blume Ventures and Micelio Fund

Motherson Sumi board approves fundraising of up to Rs 1,000 cr via NCDs

Auto components major Motherson Sumi Systems Monday said its board has approved raising of up to Rs 1,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis

Cactus Venture Partners plans to invest $100 mn in start-ups over 3 years

Cactus Venture Partners is planning to invest USD 100 million, mostly in start-ups based in India, over the next 3 years. Cactus Venture Partners founder and General Partner Anurag Goel told PTI that the company will invest between pre-Series A to B funding rounds. The venture capital company aims to invest USD 100 million in fast-growing direct-to-consumer (D2C) brands and technology start-ups. "Almost all of our investments will be in Indian start-ups but we will look closely for those companies that can leverage our networks to grow and expand internationally," Goel said. Cactus Venture Partners (CVP) portfolio includes Auric, an Ayurveda brand targeting millennials; AMPM, a global lifestyle brand with a modern Indian aesthetic, and Vitraya Technologies, a business-to-business service-as-a-product player that functions at the intersection of health technology and insurance technology. Last month, the fund had announced an investment of around USD 1 million in Rubix Data Science

10-minute grocery delivery app Zepto comes out of stealth, raises $60 mn

Zepto was founded by two 19-year-old Stanford dropouts and includes investors like Glade Brook, Nexus, Lachy Groom, Y Combinator and Global Founders Capital

Vastu Housing Finance raises $200 million from a consortium of investors

With this investment, Vastu will further scale operations in existing locations, explore new markets and invest in next-generation technology platforms

Avanti Finance raises $15 mn in Series A from Oikocredit, Gates Foundation

Avanti will use the funds to strengthen its deep tech platform, bolster data science, enhance its product suite

Hyperlocal ecommerce start-up LoveLocal raises $18 mn in pre-Series B round

The company claimed that this is the largest round ever raised by a solo woman tech founder in India

Neobanking startup Zolve raises $40 million at $210 million valuation

The neobank has seen 70,000 sign-ups on its platform and has 6,000 monthly active users