Page 22 - Fundraising

ShareChat raises $255 mn from Google, Times Group, others; valued at $5 bn

ShareChat (Mohalla Tech) in a statement said it has closed multi-tranche funding round through which it raised a total of USD 520 million and reached USD 5 billion in valuation.

Ex-BharatPe MD Ashneer Grover to raise $200-300 million for new venture

Ashneer Grover, who is currently in the US, may sell his BharatPe stake or raise fresh capital by issuing a stake in the new company

Yes Bank seeks shareholders' nod for raising up to Rs 10k cr debt capital

Also, the bank will seek shareholders' approval for amendments to the Employees Stock Option Scheme (YBL Employee Stock Option Scheme 2020).

PhonePe prepping for IPO; seeks valuation of $8 bn-$10 bn: Report

Also, the company has initiated plans to move its registered holding entity from Singapore to India, underlining its 'made in India' credentials.

Queuebuster raises Rs 63 cr from Omidyar, Chiratae, Flourish Ventures

The 2016-founded company will use the funds to focus on merchant growth, product enhancements and scaling of its distribution network, it said.

Cuemath raises $57 mn in funding led by Alpha Wave; valuation doubles

The valuation of the edtech startup has doubled to USD 407 million (about Rs 3,155 crore), post the fresh fundraising, the company said.

Vi gains 10% on reports of Amazon & PEs Rs 20,000 crore investment plan

Sources say that the proceeds of the sale will be utilized to bid for the upcoming 5G spectrum auction and roll-out of services by end of the year.

SUGAR Cosmetics closes $50 million series D funding led by L Catterton

L Catterton has significant experience investing globally in the beauty and personal care space

Churchill Capital in talks with Byju's to provide $4 bn at $48 bn valuation

The edtech major has raised about $4.5 billion since it was founded 10 years ago

Dr Agarwal's Health Care raises over Rs 1,000 cr from TPG Growth, Temasek

Dr Agarwal's Group of Eye Hospitals has added more than 60 units to its network in the past five years alone

Explained: Why India is adding unicorns at a slower pace than 2021

According to a recent survey by Iron Pillar Funds, India is set to have 250 unicorns by 2025

Zepto raises $200 mn to expand its 10-minute grocery delivery across India

The firm, which was launched 9 months back by two 19-year-old Stanford dropouts, has raised $200 million Series D fundraise, valuing the quick commerce company at around $900 million

Insurtech platform Turtlemint raises $120 million in Series E funding

The latest funding round has valued Turtlemint at more than $900 million.

Truemeds raises $22mn in series B funding round led by Westbridge Capital

The company plans to utilise the funds to accelerate growth in the untapped domestic market and expand its coverage across the country

Private InvIT IRB Infrastructure Trust completes Rs 243 crore fundraising

IRB Infrastructure Developers in a statement said that post fundraise, IRB and GIC affiliates will continue to hold 51 per cent and 49 per cent, respectively, in the InvIT

Tata renewable arm raises Rs 4,000 crore from BlackRock, others

Investors, including Mubadala, to get 10.53% stake

Fintech startup BeyondIRR raises seed funding from Zerodha's Rainmatter

Udaan co-founder Sujeet Kumar also participated in the round; funding amount not revealed

Indiabulls board approves fundraising plan of up to Rs 50,000 cr

Funds can be raised via NCDs on one or more tranches as private placement

IPV launches Physis Capital with fund size of $50 mn for startups

Physis Capital will build a portfolio of 15-20 startups with an average ticket size of $2.5 million.

Startup's fundraise for cricket NFT gets Ronaldo among its backers: Report

An online platform for trading officially-licensed digital cricket collectibles, is raising about $100 million in a new funding round with backers including Cristiano Ronaldo