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 si... View MoreMoneyview 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.
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https://entrackr.com/2024/09/exclusive-moneyview-raising-30-mn-debt-via-private-placement/
Exclusive: Moneyview raising $30 Mn debt via private placement
Lending platform Moneyview is receiving Rs 250 crore (approximately $30 million) in debt through private placements.
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, disclo... View MoreDecoding 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.
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https://entrackr.com/2024/08/decoding-rapidos-120-mn-unicorn-round/
Decoding Rapido’s $120 Mn unicorn round
Decoding Rapido's $120 million unicorn round from WestBridge Capital, exact valuation, shareholding pattern, and other key details.
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 Ap... View MoreMoneyview 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/
Exclusive: Moneyview set to turn unicorn in Series F round
Moneyview is likely to turn into a unicorn as the Bengaluru-based firm appears close to finalizing a new round from new and existing investors
EasyRewardz’s revenue spikes 30% in FY23, losses widen 14%
EasyRewardz, a B2B loyalty management platform based in Gurugram, saw a nearly 30% revenue increase, reaching Rs 45.65 crore in FY23. The ... View MoreEasyRewardz’s revenue spikes 30% in FY23, losses widen 14%
EasyRewardz, a B2B loyalty management platform based in Gurugram, saw a nearly 30% revenue increase, reaching Rs 45.65 crore in FY23. The company's operating revenue rose by 31% to Rs 44 crore, with significant contributions from LPaaS retainer revenue and campaigns. However, expenses also grew by 25% to Rs 65.25 crore, driven mainly by employee benefits and material costs. Despite a 14% increase in losses to Rs 19.6 crore, EBITDA improved to -37.67%, though ROCE declined to -1,007.89%. The company, led by Soumya Chatterjee, Angad Singh, and Tejas Kadakia, secured Series B funding from IIFL Finance in 2022.
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https://thekredible.com/blogs/easyrewardzs-revenue-spikes-30-in-fy23-losses-widen-14
EasyRewardz’s revenue spikes 30% in FY23, losses widen 14%
B2B loyalty management platform EasyRewardz recorded an almost 30% spike in its top scale to touch Rs 45.65 crore in FY23.
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 a... View MoreFunding 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/
Funding and acquisitions in Indian startup this week [01 - 06 July]
This week, 24 Indian startups raised around $270.3 million in funding. These deals count 4 growth-stage deals and 20 early-stage deals. In the previous week, over 25 early and growth-stage startups cu
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 issuin... View MoreAwign 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/
Exclusive: Awign bags $24.5 Mn in series C, Mynavi now holds 73% stake
Awign has raised Rs 203.5 crore or $24.5 million from Japan-based Mynavi Corporation which will now control 73% stake in the company.
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. Additionall... View MoreZomato 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/
Zomato to invest Rs 400 Cr in Blinkit and Zomato Entertainment
Gurugram-based foodtech major Zomato will pump in Rs 300 crore ($36 million) in its quick commerce arm Blinkit.
If you have just started your #business and want to achieve your goals within an estimated time, then consult your business strategies with Escale Solutions - a leading web development company in Gurg... View MoreIf you have just started your #business and want to achieve your goals within an estimated time, then consult your business strategies with Escale Solutions - a leading web development company in Gurgaon, India. Being a promising business consultancy firm, Escale Solutions has helped many startups and organizations in their business development. With its exceptional high-quality web, IT, and digital marketing services, Escale has a 95% customer retention rate with outstanding business services.
Escale is a complete IT and business consulting company situated in Delhi NCR which is trusted by many new startups and businesses. This is the most suitable and best fit for new startups and small businesses. The idea of innovation and the latest technology both mixed so that many businesses have taken advantage of Escale.
To discuss your business strategies, call now at +91-8178045778 or mail us at contact@escalesolutions.com.
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