Page 24 - Fundraising

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

D2C snacks brand Happilo raises $25 mn from Motilal Oswal Private Equity

Aims to scale business to Rs 2,000 crore in revenue over the next 4 years

Pine Labs raises $150 mn from Alpha Wave, takes total to $870 mn in 7 mths

Valuation not disclosed, though one report put the figure at $5 bn

Dealshare raises $45 mn from ADIA in Series E round at $1.7 bn valuation

Aims for $3 billion of gross revenue run rate and operational profitability in next 12 months

ElasticRun, a B2B e-commerce start-up, raises $330 mn at $1.5-bn valuation

In the last round, which was Series D in April 2021, the e-commerce start-up had been valued at $400 million

Uniphore raises $400 million in Series E funding at $2.5 bn valuation

The round brings the Chennai and Palo Alto-based start-ups's total funding to date to $610 million

Kenko Health raises $12 mn in Series A funding led by Sequoia Capital

Plans to utilise funds for acquiring customers, product development and building leadership team

Debt marketplace CredAvenue acquires 75% stake in Spocto for Rs 400 cr

CredAvenue raised $90 mn in its Series A fundraise last year at a valuation of $410 million

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