Page 7 - Fundings

Udaan raises $114 mn from M&G Investments, Lightspeed ahead of planned IPO

The funding is expected to bolster Udaan's balance sheet and provide added financial flexibility ahead of its planned IPO

BCCL files IPO papers with Sebi, CIL to offload 465.7 million shares

The IPO will be a pure offer for sale (OFS) with no issuance of new shares. CIL plans to offload up to 465.7 million equity shares through the offering

Services sector funds: Hold in satellite portfolio if risk appetite permits

Industry is the largest segment of India's economy, offers investment opportunities in multiple high-growth areas

Snabbit raises $19 mn to expand on-demand home services across India

Backed by Lightspeed, Elevation, and Nexus, the startup aims to enter 200 micro-markets and build a tech-enabled platform for rapid household services

Myntra raises ₹1,062 cr from parent firm in fresh capital infusion

The Flipkart-owned platform eyes growth in Singapore and beyond, posts Rs 30.9 crore profit in FY24, and readies for its flagship sale event starting May 31

Multiples closes $430m continuation fund in landmark secondary deal

Multiples Alternate Asset Management secures $430 million to retain key holdings in Vastu, Quantiphi and APAC Financial while offering liquidity to Fund II investors

NGOs getting foreign funding won't be able to publish news content: MHA

The Centre has asserted that the NGOs engaged in publication-related activities and receiving foreign contribution, will not be able to publish any newsletter and must get a certificate from the Registrar of the Newspaper for India that it does not circulate any news content. The new rules will have to be abided by the NGOs seeking registration under the Foreign Contribution (Regulation) Act, it said. In a notification, the Ministry of Home Affairs (MHA) said it has amended the rules made under the FCRA and henceforth, NGOs which are seeking permission to get foreign funding must give an undertaking that it will adhere to the Good Practice Guidelines of the Financial Action Task Force (FATF), the global watchdog for terror financing and money laundering. The MHA said such bodies or NGOs, which are seeking registration must enclose financial statements and audit reports of the last three financial years, including the statement of assets and liabilities, receipts and payments account

Citykart raises Rs 538 crore in Series B round led by TPG NewQuest, A91

The funding will support Citykart's expansion across India's underserved markets or Bharat, with plans to scale operations, invest in innovation, and strengthen organisational capabilities

Century to unlock ₹14,000 cr GDV with ₹1,850 cr boost from investors

The funding, led by Ares Asia and SC Lowy, will support both ongoing and upcoming projects in the city across residential and commercial verticals

CloudSEK sees 5-fold jump in valuation in $19 million fundraise round

Cybersecurity firm CloudSEK has raised USD 19 million in a fresh funding round from a clutch of investors at a five-fold increase in valuation to around USD 118 million (about Rs 1,000 crore) compared to its previous funding round, a top company official said. CloudSEK Co-Founder and CEO Rahul Sasi told PTI that the company has raised fund after a period of three years, mainly to set up its operations in the United States. "We have raised USD 19 million from some of the strategic investors after a period of about three years. In three years, our revenue has grown five times, and so has our valuation. We have raised funds at a valuation of around Rs 1,000 crore mainly to set up our US operations," Sasi said. The round saw participation from a mix of India and US-based investors, such as MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and select strategic investors, including Commvault. Meeran Family (founders of Eastern Group), StartupXSeed, Neon Fund and

Management buyouts have seen an uptick after Covid-19, shows data

Funding options, structural changes make increased traction likely

Global funds return to India as Trump-era trade bets boost equities

The NSE Nifty 50 Index surged to its highest level since October this week, fueled by optimism that India could be among the first to strike a deal with the US

Govt needs to reinterpret viability gap funding for building social infra

Public spending on social infrastructure is constrained by the government's commitment to fiscal consolidation

Biryani Blues raises $5 million in funding led by Yugadi Capital fund

Quick service restaurant chain Biryani Blues on Tuesday said it has raised USD 5 million (over Rs 40 crore) in a funding round led by Carpediem Capital's new fund Yugadi Capital with participation of other investors. The fund raised in a pre-Series C funding round will support expansion strategy, enhance human capital across functions, and upgrade operations and logistics. The brand plans to open over 100 new outlets over the next three years, Biryani Blues said in a statement. "We are poised to accelerate our expansion by opening over a 100 new brand stores over the next three years, in popular high street markets and malls across north India," Biryani Blues Co-founder Raymond Andrews said. Operating under Thea Kitchen Pvt. Ltd, Biryani Blues runs 68 outlets across North India and Bengaluru. Earlier, Biryani Blues raised USD 5 million in Series B funding from Rebel Foods in FY22. It had previously secured USD 2 million in Series A funding from Carpediem Capital Partners Fund I ...

Porter raises $200 mn in Series F round led by Kedaara and Wellington

Porter has raised $200 million in a Series F round led by Kedaara and Wellington to scale operations, deepen impact on MSMEs, and build a green logistics network

PB Health raises $218 mn in seed round led by US-based General Catalyst

PB Health, the healthcare venture of PB Fintech, has raised $218 million to set up a 1,000-bed hospital network in Delhi NCR and drive health-tech innovation

Proptech startup Alt DRX raises $2.7 million from investors to expand biz

Alt DRX, a tokenised digital real estate marketplace, has raised USD 2.7 million (around Rs 23 crore) to expand its business. In a statement on Monday, the company said it has "closed its Pre-Series A funding round, raising Rs 23 crore (USD 2.7 million)". The round witnessed participation from investors -- Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, nX Capital -- besides angel investors such as Harsha Bhogle (Golden Voice of Cricket), Parthasarathy (Founder of Mindtree), and Richard Rekhy (former CEO of KPMG India). Alt DRX aims to make residential real estate accessible to people by democratising this asset class by enabling people to buy and sell tokenised residential properties one square feet at a time, powered by algorithmic daily pricing, instant settlements, and blockchain-powered transparency. Anand Narayanan, one of the founders of Alt DRX, said the fund will be utilised for purchase of residential

Evren raises $100 mn from ALTÉRRA to build 11 GW clean energy pipeline

The capital will support the development and construction of up to 11 GW of wind, solar, and battery storage projects in India, primarily across Rajasthan and Andhra Pradesh

Lighthouse invests ₹225 crore in premium occasion wear Kalki Fashion

Founded by Saurabh, Shishir, and Nishit Gupta, Kalki offers premium bridal, festive, and occasion wear for both men and women

Global race to lure US researchers intensifies after Trump cuts funding

The Trump administration has halted large swaths of federally funded research and embarked on mass layoffs under a government-wide cost-cutting initiative led by billionaire Elon Musk