Electric two-wheeler maker Ather Energy has allocated shares worth Rs 1,340 crore (around $157 million) to anchor investors ahead of its initial public offering (IPO). The board at Unicommerce has passed a resolution to offer 4,17,45,576 equity shares at an issue price of Rs 321 each (upper-band) to its anchor investors, its regulatory filing accessed … Read more
phab, a nutritionist-led snacking brand, has raised $2 million in a seed funding round led by OTP Ventures along with participation from Capri Global, Sim&San law firm, and other angel investors. The proceeds will be utilized for growth capital, capex investments, team expansion, and strengthening both its online and offline presence across India, phab said … Read more
Agri-biotech startup GreenGrahi has raised Rs 32 crore ($3.73 million) in a funding round led Avaana Capital. The round also saw participation from Huddle, Campus Fund, Blume Founders Fund, and angel investors, including Nexus Venture’s Nitin Sharma and Northpoint Capital’s Sameer Brij Verma. The fresh capital will be directed toward advancing its insect biomanufacturing platform, … Read more
In a strategic move to expand its footprint in the financial services sector, MobiKwik has announced the incorporation of its wholly owned subsidiary, Mobikwik Financial Services Private Limited (MFSPL). The main purpose of MFSPL is to operate as a Non-Banking Financial Company (NBFC). It will offer financial services such as loans, leasing, and hire purchase … Read more
BankBazaar has secured Rs 55 crore ($6.44 million) in fresh funding from a group of investors, including Muthoot Fincorp and existing investor Walden International. Earlier in April 2024, the Chennai-based company had raised Rs 80 crore ($9.6 million) in its ongoing Series D round via private placement. The fresh investment was made at a valuation … Read more
Food delivery and quick-commerce platform Swiggy Limited on Monday announced fresh employee stock options under its Employee Stock Option Plan 2024 for eligible employees. The Nomination and Remuneration Committee passed a circular resolution to grant 12,896,462 ESOPs (Employee Stock Options) to its employees, according to a disclosure filed by Swiggy with the National Stock Exchange … Read more
E-commerce marketplace Flipkart has reportedly received approval from its board to shift the company’s base or domicile from Singapore to India. The Walmart-owned firm will join dozens of other companies that have either completed or are in the process of moving their base to India. According to an ET report, Flipkart’s board approved the plan … Read more
Healthtech startup Risa Labs has raised $3.5 million in a seed funding round led by Flipkart co-founder Binny Bansal. The round also witnessed participation from Oncology Ventures, General Catalyst, z21 Ventures, Odd Bird VC, and angel investor Ashish Gupta. The proceeds will be used to deploy its AI-based automation platform across 100 cancer centers in … Read more
During the week, 25 Indian startups raised a total of approximately $62.67 million, including 3 growth-stage and 18 early-stage deals, while 4 startups kept their funding details undisclosed. In comparison, the previous week saw 24 startups across early and growth stages secure around $181.21 million. [Growth-stage deals] This week, only three growth-stage funding deals were … Read more
Wow! Momo has reportedly raised Rs 130–150 crore in a bridge funding round led by Kamal Agrawal from the Haldiram promoter family and Malaysian fund Khazanah Nasional. Economic Times, which reported the development first, added that the funding is structured through convertible notes, with the valuation to be decided in the next round. According to … Read more