Page 28 - Fundraising

Employee health benefits startup Onsurity raises $16 mn from Quona, Nexus

The round also saw participation from healthcare entrepreneur Vivek Garipalli, the founder and CEO of Clover Healthcare

Youth apparel brand The Souled Store raises Rs 75 cr in Series B funding

The company, which makes apparels from pop-culture themes like superheroes, movies, and cartoons, says it aims to cross Rs 1,000 crore GMV (gross merchandise value) by 2025

StockGro raises $5 mn in pre-series A round, to use funds to get more users

StockGro now has leading fund managers, F&O traders, and algo traders driving their social groups, helping users learn various trading strategies

Bhavin Turakhia's email startup Titan raises $30 mn, valued at $300 mn

It's the first funding raised by Titan. Along with investment from Automattic, Titan will also be able to leverage the huge presence of WordPress across the globe

Plug-and-play firm Quickshift raises $770,000 from Anicut Angel, Axilor

Quickshift is a tech fulfilment company providing solutions through a quick turnaround time. It is also an accelerator for brands in the D2C, e-commerce, B2B & retail spaces

B2B sales productivity startup Nektar.ai closes seed round of $8.1 million

$6 bn tranche of funding led by B Capital Group, 3One4 Capital and Nexus Venture Partners; Ritesh Agarwal of OYO Hotels, Deep Nishar of Softbank among clutch of angel investors

Language learning platform Instrucko raises $1 mn in pre-series A round

Firm to expand business in India and West Asia, with core focus on providing children in 3-15 age group with premium content and training by leading educationists from across the world

Fashinza raises $20 mn as it aims to tap $800 bn global fashion mfg space

Fashinza was started to help small and medium ethical factories employing millions of workers connect with global demand and eliminate environmentally unsustainable practices like overproduction

ShareChat, Moj valued at $2.88 billion in $145-million fundraise

Investment was led by Singapore state investor Temasek, Moore Strategic Ventures and Mirae-Naver Asia Growth Fund

Beauty brand MyGlamm closes Accel-led funding round at Rs 530 crore

The top-up was led by marquee global venture capital firm Accel along with existing investors

D2C personal care brand Beco raises Rs 4 cr seed led by Climate Angels Fund

With the added capital support, Beco aims to quadruple sales and encourage consumers to switch to sustainable living through their eco-friendly product range

Swiggy valuation tops $5.5 bn after raising $1.25 bn from SoftBank, Prosus

The fundraise will give Swiggy enough firepower to take on rivals such as Zomato, Amazon, Dunzo and Ola Foods

Irrational exuberance over Zomato

Zomato is essentially a "concept stock" because it has neither made profits, nor has issued any guidance on ever getting to profitability, notes Shyamal Majumdar

With Zomato's offering, fresh fundraising via IPOs set to hit 14-year high

All-time high not far away with Paytm planning fresh issue of Rs 12,000 cr

UK-based Tide raises $100 mn funding from Apax Digital Fund, others

UK-based digital business financial platform Tide on Monday said it has raised over USD 100 million (about Rs 745 crore) in funding

Edtech startup upGrad set to join unicorn club with $4-billion valuation

Eyes $400 million at 5 times current value

Adani Transmission seeks shareholders' approval to raise Rs 2,500 cr

Adani Transmission will seek shareholders nod to raise up to Rs 2,500 crore in one or more tranches through the issuance of equity shares, securities, debentures etc

Dish TV gets board nod to raise up to Rs 1,000 cr through rights issue

Direct-to-home company Dish TV India Ltd on Monday said its board has approved raising up to Rs 1,000 crore through a rights issue in one or more tranches.

IIFL Home Finance files draft shelf prospectus to raise up to Rs 5,000 cr

IIFL Home Finance plans to raise up to Rs 5,000 crore, to boost its lending business, through public issue of non-convertible debentures.

SBI gets central board's nod to raise Rs 14,000 crore via bonds

The country's largest lender SBI on Monday said its central board has approved a proposal to raise up to Rs 14,000 crore by issuing Basel-III compliant bonds