Moneyview raising $30 Mn debt via private placement Moneyview, a Bengaluru-based lending platform, is set to raise Rs 250 crore ($30 million) through debt via private placements, marking its first significant debt round in three years. The funds will be allocated for growth, working capital, and general corporate purposes. The company is also nearing unicorn status, with plans to raise $50-60 million from new and existing investors, including Apis Partners, Accel Partners, and Evolvence India. To date, Moneyview has raised around $190 million and was valued at $900 million in its last equity round. The firm, which offers various financial services and products, reported a revenue increase to Rs 577 crore and a profit surge to Rs 163 crore for FY23. #Entrackr #Moneyview #DebtFunding #StartupFunding #Fintech #BengaluruStartups #PersonalLoans #FinancialGrowth #StartupNews #IndianStartup #Fintrackr #Startup https://entrackr.com/2024/09/exclusive-moneyview-raising-30-mn-debt-via-private-placement/

Decoding Rapido’s $120 Mn unicorn round Rapido, a mobility startup, has achieved unicorn status after raising $120 million in a Series E funding round led by WestBridge Capital. The funding, disclosed through regulatory filings, involved issuing equity and convertible preferred shares to raise Rs 1,002 crore ($120 million). Rapido plans to use the funds for expansion and growth. The startup is now valued at around Rs 8,517 crore ($1.02 billion) and has become the second-largest ride-hailing platform in India, surpassing Ola. In FY23, Rapido's operating revenue tripled to Rs 443 crore, although losses also increased by 54% to Rs 675 crore. WestBridge Capital remains the largest external stakeholder with a 32.88% share. #Entrackr #Startup #StartupNews #IndianStartup #Rapido #StartupFunding #UnicornStartup #StartupGrowth #StartupIndia #RapidoGrowth #StartupEcosystem #Entrepreneurship #FundingUpdate https://entrackr.com/2024/08/decoding-rapidos-120-mn-unicorn-round/

Zomato acquires Paytm’s movie and ticketing biz for $244 Mn Zomato is acquiring Paytm's movie and ticketing business for Rs 2,048 crore ($244 million), marking its first major acquisition since Blinkit in June 2022. The deal involves the transfer of 100% stakes in Paytm’s subsidiaries Orbgen Technologies (TicketNew) and Wasteland Entertainment (Insider) to Zomato, along with 280 employees from these subsidiaries. The entertainment ticketing business will remain operational on the Paytm app for up to 12 months during the transition. For FY24, this business generated Rs 297 crore in revenue and an adjusted EBITDA of Rs 29 crore. The acquisition reflects Zomato’s continued expansion and Paytm’s efforts to extract value from its struggling assets. #Entrackr #ZomatoAcquisition #PaytmDeal #Foodtech #EntertainmentTicketing #QuickCommerce #BusinessAcquisition #ZomatoGrowth #BusinessNews #AcquisitionNews #StartupMergers #Startup #IndianStartup #News #StartupNews https://entrackr.com/2024/08/zomato-acquires-paytms-movie-and-ticketing-biz-for-244-mn/

Moneyview set to turn unicorn in Series F round Bengaluru-based Moneyview is nearing unicorn status as it finalizes a new funding round of $50-60 million from new and existing investors, including Apis Partners and Accel. This Series F round will push the company's valuation over $1 billion. Moneyview, which offers personal and home loans, credit cards, and loans against property, has raised nearly $190 million to date. The company's revenue grew 2.6x to Rs 577 crore in FY23, with profits surging 27x. Moneyview is also set to acquire a mid-stage fintech company. #Moneyview #Entrackr #Fintrackr #News #StartupNews #IndianStartup #UnicornStartup #Fintech #InvestmentNews #FundingRound #StartupGrowth #StartupFunding UnicornJourney #InvestorNews https://entrackr.com/2024/07/exclusive-moneyview-set-to-turn-unicorn-in-series-f-round/

Funding and acquisitions in Indian startup this week [01 – 06 July] This week, 24 Indian startups raised $270.3 million, with 4 growth-stage deals totaling $234.2 million and 20 early-stage deals at $36.13 million. Leading growth-stage deals included Purplle’s $120 million and OYO’s $50 million rounds. In early-stage, Comet and Watch Your Health were notable. City-wise, Bengaluru led with seven deals. Seed funding topped the series with six deals. Japanese automaker Suzuki launched a Rs 340 crore social impact fund. Significant hires, acquisitions, and closures, including Unacademy layoffs and Koo’s shutdown, marked the week. #Entrackr #IndianStartups #StartupFunding #TechStartups #WeeklyFunding #Funding #Acquisitions #WeeklyFundingReport #FundingReport #Report https://entrackr.com/2024/07/funding-and-acquisitions-in-indian-startup-this-week-01-06-july/

Awign bags $24.5 Mn in series C, Mynavi now holds 73% stake Awign has raised Rs 203.5 crore ($24.5 million) from Japan’s Mynavi Corporation, now holding a 73% stake. The funds were raised by issuing 11,485 Series C CCPS at Rs 1,77,206 each. Mynavi also bought back shares from existing investors, valuing Awign at Rs 828 crore ($100 million). Founded in 2016, Awign aids enterprises with outcome-based execution and has shown financial growth in FY23, doubling its revenue to Rs 134.35 crore. The HR tech funding space saw a decline to $90 million in 2023. #Entrackr #News #Startup #IndianStartup #Awign #StartupFunding #InvestmentNews #Entrepreneurship #TechNews https://entrackr.com/2024/07/exclusive-awign-raises-24-5-mn-mynavi-now-controls-73-stake/

SoftBank-backed FirstCry, Unicommerce get SEBI approval for IPO FirstCry and Unicommerce, both SoftBank-backed companies, have received final SEBI approval for their IPOs. FirstCry refiled its IPO papers in April after initial concerns from SEBI regarding disclosed metrics. The IPO includes a fresh issue of equity shares up to Rs 1,816 crore and an OFS of up to 54,391,592 shares. FirstCry reported Rs 4,814 crore in revenue and Rs 278 crore in net losses until Q3 FY24. Meanwhile, Unicommerce plans an OFS of up to 2,98,40,486 shares. SEBI's recent approvals include Ola Electric, reflecting a surge of internet companies entering India's stock market. #Entrackr #News #Startup #StartupNews #IndianStartup #FirstCryIPO #UnicommerceIPO #SoftBankBacked #IndianStockMarket https://entrackr.com/2024/07/softbank-backed-firstcry-unicommerce-get-sebi-approval-for-ipo/

Battery Smart raises $65 Mn in Series B round Battery Smart secured $65 million in Series B funding led by LeapFrog Investments, with participation from MUFG Bank, Panasonic, and others. The startup, valued around $340 million, will expand its battery-swapping network. It operates 1,000 stations across 30 cities, serving 45,000 customers. The company partnered with Zepto to deploy 1,000 EVs. Revenue grew seven-fold to Rs 55.8 crore, while losses increased to Rs 64.51 crore. Tiger Global holds a 23% stake. #Entrackr #Fintrackr #News #Startup #StartupNews #BatterySmart #Funding #LeapFrogInvestments #FundingNews #BatteryTechnology #RenewableEnergy #SmartMobility https://entrackr.com/2024/06/battery-smart-raises-65-mn-in-series-b-round/

Zomato to invest Rs 400 Cr in Blinkit and Zomato Entertainment Zomato is investing Rs 300 crore ($36 million) in its quick commerce arm Blinkit to compete with Swiggy Instamart and Zepto. Additionally, it will invest Rs 100 crore ($12 million) in its subsidiary, Zomato Entertainment. Since acquiring Blinkit (formerly Grofers) in 2022, Zomato has invested Rs 2,300 crore ($277 million) in it. Blinkit recently achieved EBITDA profitability. Competitors Swiggy and Zepto are also significantly investing in quick commerce. #Entrackr #News #StartupNews #Startup #Fintrackr #Zomato #Blinkit #Foodtech #Zepto #SwiggyInstamart #QuickCommerce #StartupFunding #IndianMarket https://entrackr.com/2024/06/zomato-to-invest-rs-400-cr-in-blinkit-and-zomato-entertainment/

Indian startups raised $1.3 Bn in May, highest funding in 2024 so far In May, Indian startups secured over $1.3 billion in funding, notably driven by Google-Flipkart's $350 million deal. The month witnessed 128 deals, including 39 growth-stage and 66 early-stage fundings. Notable developments include the emergence of two unicorns and a 29% month-on-month increase in funding. Bengaluru led in city-wise deals, while e-commerce and fintech dominated segment-wise. M&A activity slightly declined, while layoffs decreased sharply. Despite challenges, confidence in the market remains strong. #Entrackr #Fintrackr #MonthlyFundingReport #Report #Funding #Startups #News #IndianStartups https://entrackr.com/2024/06/indian-startups-raised-1-3-bn-in-may-highest-funding-in-2024-so-far/