Page 5 - Funding

QubeHealth secures funding for Pre-Series-A, eyes Rs 270 crore valuation

The funds will enhance QubeHealth's technology and introduce embedded insurance, an AI-driven recommendation engine, and a healthcare marketplace

Govt to decide on RINL funding next month after viability report

The Centre is awaiting a technical viability report, due November, from a UK-based consulting firm

Good Glamm Group acquires Sirona Hygiene for Rs 450 cr in all-cash deal

This marks one of the largest cash exits for a direct-to-consumer startup in the women's health and well-being space

Refex Industries plans to raise Rs 928 cr via preferential issue of equity

Chennai-based Refex Industries Ltd on Thursday said it is planning to raise Rs 927.81 crore via preferential issue of equity and convertible warrants for investment in subsidiary companies, loan repayment and capex, among others. The funding is proposed at an opportune time as Refex continues to innovate in logistics for ash management, addressing environmental challenges associated with thermal power plant operations, the company said. Refex has a presence across sectors such as ash and coal handling and electric vehicle mobility. "Refex proposes to raise funds to the tune of Rs 927.81 crore, by way of preferential issue of equity and convertible warrants, to certain investors, under 'promoter' and 'non-promoter' category," the company said in a statement. Outlining the proposed fundraise plan, the company said of the total issue size of Rs 927.81 crore, Rs 530 crore are to be mopped up from high-net-worth individuals (HNIs) and family offices. It further said the promoter group

OpenAI secures $6.6 bn funding, emerges as one of world's most valued firms

OpenAI has raised $6.6 billion from key investors like Microsoft, Nvidia, and Thrive Capital. Tech giant Apple didn't participate in this round

Indian startup funding dips 7% to $7.6 billion in first nine months of 2024

Funding rounds declined to 1,036 from 1,579 during the same period, according to data from market intelligence platform Tracxn's India Tech 9M 2024 report

Pepsales raises $1.1 million in a round led by Chiratae Ventures

The firm said it is targeting the global enterprise application software market, which has an estimated annual sales and marketing expense exceeding $190 billion

Nurix AI raises $27.5 mn in funding round led by Accel, General Catalyst

Startup founded this year will use the financing on technology and business expansion

Oister Global, Tribe Capital partner to launch $500 million fund

With a pipeline of identified investments, the firms aim to leverage their complementary strengths: Oister's deep local market expertise and Tribe Capital India's quant-driven diligence

Mankind Pharma to raise funds up to Rs 10k crore via debt instruments

The board announced the issuance of corporate guarantees for four of its subsidiaries, namely Mankind Agritech, Appian Properties, Copmed Pharmaceuticals, and Lifestar Pharma.

Softbank-backed InMobi raises $100 mn via debt financing agreement

The funds will be used to propel InMobi's artificial intelligence (AI) development and deployment efforts forward and fund potential AI-focused acquisitions

FlexiLoans secures Rs 290 crore from global, domestic investors

The firm is targeting to disburse around Rs 5,000 crore in loans in FY25

Origin starts Bengaluru operations, plans to raise $10 million funding

Origin introduces Omnichannel Pay, seamlessly integrating offline, online, and quick commerce delivery modes to cater to a diverse customer base

FinMin clears decks for PNB, BoM to raise Rs 10,000 cr via QIP in FY25

Receives similar proposals from Union Bank of India, UCO Bank, Indian Overseas Bank

Bajaj Housing Finance raises Rs 1,757 crore from anchor investors

At the upper end of this price band, Bajaj Housing is valued at a price-to-book ratio of 3.2 times on a post-money basis

Xolopak India files draft papers with NSE Emerge to mobilise funds via IPO

Pune-headquartered sustainable disposable packaging maker Xolopak India on Monday said it has filed draft papers with NSE Emerge to raise funds through an initial public offering (IPO). The IPO comprises a fresh issuance of 52,86,000 equity shares, each with a face value of Rs 10 each, a company statement said. Xolopak India Ltd (XIL), a leading player in sustainable disposable packaging products and India's first manufacturer of organic disposable cutlery and ice cream sticks and spoon products, has filed Draft Red Herring Prospectus (DRHP) with the NSE Emerge, the statement added. Xolopak India logged nearly three-fold growth in its revenue from operations at Rs 31.47 crore in the fiscal year 2023-24, compared to Rs 11.87 crore in FY2022-23 and has posted a net profit of Rs 6.36 crore in FY24, as against Rs 3.48 crore in FY23. As per to the DRHP, the Xolopak India intends to invest Rs 20 crore from the IPO proceeds for the acquisition of equity shares in Atharva Poly-Plast Pvt Lt

Kitchen and personal care brand Beco raises $10 mn in pre-Series B round

Founded in 2019 by Aditya Ruia, Akshay Varma, and Anuj Ruia, the Mumbai-based company claims to have achieved 3x growth in the last year

EyeROV raises Rs 10 cr in pre-Series A round led by Unicorn India Ventures

In the financial year 2024, EyeROV secured multiple contracts domestically and internationally, expanding its reach through partnerships in India and the GCC region

PayU-backed Vayana raises $20.5 million in Series D funding round

The company said the fundraise saw participation from family offices such as Quantum State Investment Fund and Emerald Company

Cross-border payments fintech Skydo raises $5 mn from Elevation Capital

The firm had previously raised $5.2 million in a seed round led by Elevation Capital in 2022