NewsReach Partners with Innovations Venture Studio for “Crafting Bharat: From Ideas to Impact: 100 Days of Startup Stories”
NewsReach, a leading PR-tech platform launches another series “From Ideas to Impact: 100 Days of Startup Stories” under the initiative titled Crafting Bharat, aimed at bringing to light stories of emerging startups that are shaping the New Bharat. In partnership with Innovations Venture Studios, the initiative aims to spotlight 100 ......
Shell-backed Orb Energy starts Series D fundraising, aims $48 mn
British oil major Shell-backed Orb Energy, which is an integrated solar energy solutions provider, has initiated the process for its Series D round of funding, a top executive told VCCircle. The Bengaluru-based company, which provides end-to-end solar power solutions, including manufacturing, designing, installing, servicing and financing of solar panels for its ......
Grapevine: Aragen Life, Urban Company investors weigh stake sale
Promoters and investors in Aragen Life Sciences, the Goldman Sachs-backed contract research organisation (CRO), plan to sell a 10% stake in a pre-IPO round, valuing the company at Rs 10,000-12,000 crore ($1.5 billion), a media report said. Potential investors, including Quadria Capital and Denmark-based pharmaceutical firm Novo Nordisk, are in early talks for a minority stake, ......
AltiusHub, Bluecopa, Schmooze, others raise venture funding
Supply chain traceability platform AltiusHub, finance operations automation firm Bluecopa, Indian-chilli focused hot condiments brand Kaatil, event tech startup Ticket9, and meme-based dating app Schmooze raised early-stage funding, the companies said Wednesday. AltiusHub AltiusHub has raised $2.25 million (Rs 18.8 crore) in a seed round led by Endiya Partners with participation ......
Blume Ventures aims at nearly $1 bn AUM with fifth VC fund
Early-stage venture capital firm Blume Ventures, an investor in unicorn startups such as edtech platform Unacademy and beauty and personal care retailer Purplle, is set to hit the road to raise its fifth fund, two people aware of the development told VCCircle. Blume Ventures, set up by Karthik Reddy and Sanjay Nath in 2010, intends ......
Financial services startup Kaleidofin bags $14 mn in fresh round
Chennai-based financial services company Kaleidofin has raised $13.8 million in an equity round from various investors, and is expecting to receive around $10 million more in this financial year. Netherlands-based Rabo Partnerships B.V led the round with an investment of $11 million, while existing investors like Michael & Susan Dell Foundation, ......
KKR-backed Livspace's topline rises 21% in FY24, EBITDA loss halves
Private equity firms TPG and KKR-backed home interior and renovation company Livspace's revenue expanded 21% in FY24, while cutting its adjusted Ebitda loss by half during the same period. The company's revenue grew to Rs 1,185 crore from Rs 981 crore while its gross margin improved by nearly 39% to Rs 598.6 ......
PE firms mull buying stake in Apex Hospitals as existing backer seeks exit
Rajasthan-based Apex Hospitals Pvt. Ltd is being evaluated by multiple private equity players for a potential stake buy, as current investor Somerset Indus Capital Partners seeks a full exit from the five-year old investment, it is learnt. According to at least two people aware of the development, mid-market healthcare-focussed PE firms ......
Xponentia-backed The Souled Store back to profit as product mix, lesser marketing spends pay off
Direct-to-consumer pop-culture apparel brand The Souled Store, which is backed by venture capital firm Elevation Capital and growth-stage investor Xponentia Capital Partners, bounced back into the black for FY24, a senior executive told VCCircle. The Mumbai-based company's net profit likely jumped to Rs 10-15 crore in 2023-24, compared with a loss of ......
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