Page 14 - Fundraising
Fintech startup Khatabook's valuation tops $600 mn after raising $100 mn
The firm is also buying back ESOPs worth $10 mn to acknowledge and reward employees, ex-employees, and early investors
 "Fintech startup Khatabook's valuation tops $600 mn after raising $100 mn")
Indian Hotels to raise Rs 3,000 cr via rights issue for capex, pruning debt
Tata Group's hospitality arm has been using rights issues for fund raising regularly. It raised Rs 1,500 cr in April 2017, Rs 1,000 cr in January 2016 and Rs 844 crore in Feb 2008
 "Indian Hotels to raise Rs 3,000 cr via rights issue for capex, pruning debt")
$17.2 bn infused in Indian startups by VC firms during Jan-July: Report
Venture capital firms infused a total of $17.2 billion investment into the Indian startup ecosystem during January-July 2021
 "$17.2 bn infused in Indian startups by VC firms during Jan-July: Report")
Aiming to raise $700 mn in debt over next 2 yrs: BharatPe CEO Suhail Sameer
Delhi-based BharatPe said it has raised Rs 100 cr each as debt from IIFL Wealth & Asset Management, and Northern Arc Capital
 "Aiming to raise $700 mn in debt over next 2 yrs: BharatPe CEO Suhail Sameer")
Fundraising through rights issues falls sharply in January-July period
Experts said promoters opt for rights issues in a bearish market as they don't want to dilute their holdings when the valuations are unattractive
 "Fundraising through rights issues falls sharply in January-July period")
Software startup Postman's valuation tops $5.6 bn after $225 mn fundraise
Postman was founded in 2014 by Abhinav Asthana, Ankit Sobti, and Abhijit Kane
 "Software startup Postman's valuation tops $5.6 bn after $225 mn fundraise")
RaRa Delivery raises funding to move all Indonesian deliveries to same-day
Founded by Karan Bhardwaj, RaRa Delivery's tech team is based in India, with an aim of scaling its India operations
 "RaRa Delivery raises funding to move all Indonesian deliveries to same-day")
Amazon, Premji Invest back fintech smallcase in $40 mn funding
The capital raised will be used to launch better investment products for the retail investor
 "Amazon, Premji Invest back fintech smallcase in $40 mn funding")
Fresh funding to boost DrinkPrime's safe and clean drinking water mission
With most of the water in the plastic cans being unsafe and with less than 5 per cent of Indians actually owning a water purifier, the problem is real and DrinkPrime is addressing that.
 "Fresh funding to boost DrinkPrime's safe and clean drinking water mission")
Bike taxi startup Rapido raises $52 mn to expand operations across India
With its latest round of funding, Rapido will be making strategic investments in innovations, technology, people, and supply
 "Bike taxi startup Rapido raises $52 mn to expand operations across India")
myTVS raises Rs 375 cr from Exor-backed fund, joins 'super app' race
mTVS's super app plans comes after companies Tata Group, Reliance Industries, PhonePe, Paytm and GooglePay, announced the launch of a super app
 "myTVS raises Rs 375 cr from Exor-backed fund, joins 'super app' race")
Chiratae Ventures closes fourth fund at $337mn, oversubscribed by 25%
Chiratae has invested in more than 100 deals since inception in 2006, delivered two IPOs, four unicorns while completing 38 exits with a record 8 consecutive yrs of capital distribution to investors
Finance concierge start-up Zeni raises $34 mn to help firms manage finances
Existing investors Saama Capital, Amit Singhal, Sierra Ventures, Twin Ventures, Dragon Capital and Liquid 2 Ventures also participated in the round
 "Finance concierge start-up Zeni raises $34 mn to help firms manage finances")
Conversational AI firm yellow.ai raises $78.15 mn in Series C round
The company's AI-powered bots deliver automated customer experience on over 35 chat and voice channels, across more than 100 languages, handling over a billion interactions every quarter
 "Conversational AI firm yellow.ai raises $78.15 mn in Series C round")
Employee health benefits startup Onsurity raises $16 mn from Quona, Nexus
The round also saw participation from healthcare entrepreneur Vivek Garipalli, the founder and CEO of Clover Healthcare
 "Employee health benefits startup Onsurity raises $16 mn from Quona, Nexus")
Youth apparel brand The Souled Store raises Rs 75 cr in Series B funding
The company, which makes apparels from pop-culture themes like superheroes, movies, and cartoons, says it aims to cross Rs 1,000 crore GMV (gross merchandise value) by 2025
 "Youth apparel brand The Souled Store raises Rs 75 cr in Series B funding")
StockGro raises $5 mn in pre-series A round, to use funds to get more users
StockGro now has leading fund managers, F&O traders, and algo traders driving their social groups, helping users learn various trading strategies
Bhavin Turakhia's email startup Titan raises $30 mn, valued at $300 mn
It's the first funding raised by Titan. Along with investment from Automattic, Titan will also be able to leverage the huge presence of WordPress across the globe
 "Bhavin Turakhia's email startup Titan raises $30 mn, valued at $300 mn")
Plug-and-play firm Quickshift raises $770,000 from Anicut Angel, Axilor
Quickshift is a tech fulfilment company providing solutions through a quick turnaround time. It is also an accelerator for brands in the D2C, e-commerce, B2B & retail spaces
B2B sales productivity startup Nektar.ai closes seed round of $8.1 million
$6 bn tranche of funding led by B Capital Group, 3One4 Capital and Nexus Venture Partners; Ritesh Agarwal of OYO Hotels, Deep Nishar of Softbank among clutch of angel investors
 "B2B sales productivity startup Nektar.ai closes seed round of $8.1 million")
