Page 24 - Fundraising

Glance raises $200mn from Jio Platforms; partners with Reliance Retail

Will use funds for expanding into global markets such as the US, Russia, Brazil and Mexico

Logistics start-up Xpressbees raises $300 mn to become 8th unicorn of 2022

There have been four unicorn fundraises this week (including Xpressbees)

Amazon India launches second season of start-up mentoring programme

The Global Selling Propel supports early-stage start-ups in the consumer products space to get into international markets.

SaaS start-up Oloid raises $12mn in funding for product, tech talent

The Series A funding brings Oloid's total raised since inception to $17 mn. It will be used to help expand Oloid's retrofit access control products portfolio and teams in Bangalore and Silicon Valley

Compliance automation start-up Sprinto raises $10 mn in Series A funding

Since its website launch in June 2021, Sprinto claims to have doubled its annual recurring revenue over the last 10 weeks

Indian blockchain start-up Polygon bags $450 mn from Sequoia, Tiger Global

Polygon is an Ethereum scaling platform that enables developers to build scalable DApps (decentralised apps) with low transaction fees without sacrificing on security

Agritech startup EekiFoods raises $2 mn from Avaana Capital, others

It grows high-quality, residue-free Indian staple vegetables through its patent-pending Plant Growth System

E-commerce startup DealShare expects to hit $1 bn revenue in near term

The firm on Friday night said that it has raised $165 million in the first close of its Series E fund raise, at a valuation of $1.65 billion

Airtel board to decide on fund raising via preferential route on Friday

The plan comes ahead of proposed 5G spectrum auction and is the second such exercise in three months. Last October the firm raised about Rs 21,000 cr via a rights issue

RIL's $4-bn forex bond: India Inc's fundraising in 2022 begins with a bang

Renew Power, Shriram have queued up to raise dollar bonds after RIL raises $4 bn in India's largest-ever foreign currency bonds issue

AI & Computer Vision platform Avatar raises $45mn in Tiger Global-led round

The Series B round saw co-participation from existing investor Sequoia Capital India. The financing is one of the largest fundraising rounds in the Applied 3D/AR space

B2B payments app Rupifi raises $25 mn from Bessemer, Tiger Global, others

The latest funding is Rupifi's second investment round within nine months, since the pre-series-A round in March 2021

Dhani Services to launch Rs 300 crore public issue of bonds on Tuesday

The non-convertible debenture (NCD) issue has a base size of Rs 150 crore with an option to retain oversubscription of up to Rs 150 crore

Fairy dust year for fund-raising: Rs 1.8 trillion raised via equities

Initial public offerings to get the biggest slice of fund-raising pie in 2022

Online Ayurveda consultancy platform NirogStreet raises $4 mn in funding

Funds will be used for service and product offerings and to strengthen operations, says company

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