Jai Kumar

BizDateUp has taken part in Swiggy's pre-IPO round via an off-market secondary deal, attracting attention from multiple high-profile investors.   BizDateUp, known for supporting startups, saw considerable growth in FY 2023-24, having funded over 25 startups and raised a $10 million fund. With an average return of 3.5X, the company continues to expand its influence in the startup ecosystem. This move aligns with their focus on high-potential sectors like food delivery, which is evolving with tech innovations. #BizDateUp #Swiggy #Investment #FoodDelivery #StartupEcosystem #TechInnovation #IndianStartups #PreIPO #Startup77

Enterprise SaaS startup Everstage has raised $30 Mn (around INR 252 Cr) in a Series B funding round led by Eight Roads Ventures. The round also saw participation from existing investors — Elevation Capital and 3one4 Capital. The Chennai-based startup plans to use the fresh funds for product innovation and improving its in-house services for enhanced customer experience, said Siva Rajamani, cofounder and CEO of Everstage. Additionally, Everstage has also announced an INR 5 Cr employee stock ownership plan (ESOP) buyback programme to reward its early employees. While Everstage has 200 staffers on its payroll, it’s unclear how many of them would benefit from the ESOP buyback scheme. Founded in 2020 by Rajamani, a former Freshworks executive, and Vivek Suriyamoorthy, Everstage offers a platform that enables enterprises, and their sales teams, to keep track of how much they’re earning in commission. To read the in-depth article, click here: https://4-2.co/3NtqnMR #news #saas #funding

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upGrad Secures $35M Debt Funding from EvolutionX Indian edtech unicorn upGrad has now secured $35 million loans in Debt Funding from EvolutionX. The latest fund-raise happens to be the first this year from a debt perspective for the Mumbai-based company. The board at upGrad has approved issuance of a total of 28,75,000 fully - convertible debentures (FCD) for an issue price Rs 1000 each to secure these funds from the Mauritius-based Kalpavriksha Foundation. The funds will be used to support growth initiatives, operating expenses and for general corporate purposes. Including this round of funding, upGrad raised over $265 million to date. That includes the $36.5 million it had lured in via a rights issue from Temasek, founder Ronnie Screwvala and other in May of last year. upGrad, which is backed by Temasek had been in talks to raise $100 million for acquisition of online education startup Udacity As per TheKredible report with 20.7% stake, the largest investor in upGrad is Temasek and co-founder & chairperson Ronnie Screwvala owns a significant chunk as well at 22.4%. In 2022, upGrad expanded into the offline higher education space, investing $30 million to establish ten global campuses across India, the US, and other regions. The company has seen significant growth, with operational revenue increasing by 72% to Rs 1,194 crore in FY23, up from Rs 692 crore in FY22. However, this growth has been accompanied by an 82% rise in losses, reaching Rs 1,114 crore in FY23. upGrad has yet to file its annual results for FY24. #EdTech #Funding #Investment #DebtFunding #upGrad #EvolutionX #HigherEducation #EdTechNews #StartupGrowth #CorporateFinance #EducationTechnology #TechInvestment #RonnieScrewvala #Temasek #BusinessExpansion

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Funding Frenzy: This Week's Top Deals 1. Edtech unicorn upGrad secured Rs 287.5 Cr in debt financing from EvolutionX Debt Capital to fuel growth, operations, and general corporate needs. 2. Dunzo, the on-demand task management platform, closed a $45 million funding round with new investors Moore Strategic Ventures, KB Investment (South Korea), and Lightbox STIC Ventures 3L Capital (US). 3. Silicon Valley's General Catalyst acquired Venture Highway, the Indian early-stage investor behind unicorns like Meesho and Moglix. This move highlights the growing importance of the Indian startup ecosystem. 4. Australia's Macquarie Group announced a $1.5 billion investment in India's electric vehicle sector through their new platform Vertelo. Backed by the Green Climate Fund, Vertelo focuses on fleet electrification and has partnered with companies like Tata Motors. 5. Men's apparel brand Rare Rabbit founded in 2005, landed its first major funding round of Rs 150 crore, led by A91 Partners and Nikhil Kamath's NKSquared. This funding boost could signal growth plans for Rare Rabbit. Stay tuned next week for more exciting funding news! #funding #Investment #Edtech #EV #Fashion #Startups #India

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🚨Swiggy IPO gets oversubscribed led by QIB bids Swiggy’s IPO was oversubscribed 1.07 times by the third day, driven largely by QIBs, who oversubscribed their portion 1.52 times. Retail investors subscribed to 97% of their portion, while Non-Institutional Investors (NIIs) made bids for 22% of their allocation. Swiggy's employee quota also saw strong demand, with a subscription rate of 1.38 times. Swiggy raised around Rs 5,085 crore (approx. $605 million) from anchor investors like HDFC, ICICI, SBI, and global players including Fidelity and BlackRock. by Akshita Toshniwal | #SwiggyIPO #IPO #QIB #RetailInvestors #Foodtech Read more 👇 https://lnkd.in/ggm_piMt

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Rohit Bansal, co-founder of Snapdeal and Titan Capital, an early-stage investment firm with a diverse portfolio of over 250+ startups, including unicorns like Mamaearth, Razorpay, and Urban Company, engages in a dynamic conversation with Abhishek Singh Mint, on the latest episode of #RollinWithTheBoss. From assessing market potential and scalability to scrutinizing team dynamics and innovation, he shares invaluable insights essential for both aspiring entrepreneurs and seasoned investors. Catch the full conversation airing today at 8 PM on the Mint YouTube channel. #Snapdeal #TitanCapital #Startup #Investment #Entrepreneurship #RollinWithTheBoss #Mint #StartupFunding

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Startup Central | ThinKuvate: Bolstering tech-enabled startups Addison Appu, Partner at ThinKuvate, sheds light on the latest ₹100 cr fund, 'glocal' approach, key sectors in focus and more Avanne Dubash Addison Appu

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Curious about the latest funding trends in the Indian startup ecosystem? 📈 From growth-stage wins to a surge in SaaS deals, this week's funding roundup is packed with insights. Dive in to see how 24 startups raised over $182 million, and discover who's leading the way! 🚀 #corenza #startups #funding

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Fintech SaaS startup Perfios posted a 819.2% year-on-year jump in its consolidated net profit at INR 71.7 Cr in the financial year 2023-24 (FY24) on the back of a healthy growth in its topline and higher margins👇 As Inc42 reported earlier, the company turned profitable in FY23, logging a consolidated net profit of INR 7.8 Cr. Revenue from operations jumped 37.1% to INR 557.8 Cr during the year under review from INR 406.8 Cr in FY23. Including other income of INR 11.7 Cr, Perfios generated total revenue of INR 569.5 Cr in the fiscal year ended March 31, 2024. Founded in 2008 by V.R Govindarajan and Debasish Chakraborty, Perfios provides software solutions to financial institutions for credit decisioning, analytics, onboarding automation, due diligence, among others. 🔗To read the in-depth article, click here: https://4-2.co/4itDSKI #news #fintech #SaaS #startup #Perfios #revenue

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CredFlow Raises $3.7M to Transform SME Financial Management! Delhi-based fintech startup CredFlow has secured $3.7 million (Rs 31.2 crore) in a pre-Series B funding round, co-led by Inflexor Ventures and a Singapore-based family office. Since its launch in 2020 by Kunal Aggarwal, CredFlow has become a game-changer for 1.5 lakh+ SMEs across India, integrating $600 billion worth of invoices onto its platform and addressing critical cash flow challenges for businesses. What does CredFlow do? It’s a SaaS-based platform offering SMEs tools for: Real-time cash flow analytics Automated payment reminders Invoice validation Optimizing working capital cycles CredFlow has also ventured into credit scoring with its app KuberX, which already boasts 25K+ monthly active users, targeting a 10x growth by 2025! With this new funding, the startup is set to scale its financial services and lending verticals while enhancing its tech and innovation capabilities. Kudos to the CredFlow team for making waves in the fintech space and empowering MSMEs across India! Read More: https://lnkd.in/gxRiBwg6 #CredFlow #FundingNews #Fintech #SMEs #Startups #Innovation #FinancialManagement #IndiaStartups

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Offline mobile payments startup ToneTag is reportedly in early-stage discussions with Mumbai-based venture growth investor Iron Pillar to raise at least $50 Mn (about INR 420 Cr) in a mix of primary and secondary share sale 👇 The funding round will also see new investors join the startup’s cap table. “Iron Pillar may co-lead the round along with other investors, with whom talks have begun,” Economic Times reported quoting a source. As per the report, the funding round will see a primary capital infusion of $30-$35 Mn. The transaction is also expected to see the startup’s valuation more than double from its last valuation of $100 Mn. Founded in 2013 by Vivek Singh and Kumar Abhishek, ToneTag offers audio-based authentication and proximity payment solutions for online and offline commerce. It also develops integrable software to deploy voice-based digital payment systems. 🔗 To read the in-depth article, click here: https://lnkd.in/gQx9NZhK #news #startup #fintech

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Gurugram-based wealth management startup Centricity has raised $20 million in a seed funding round led by Lightspeed. The round saw participation from several prominent investors, including Paramark VC, Burman Family Office, Shantanu Agarwal, MS Dhoni Family Office, NB Ventures, and other family offices. The round values the startup at $125 million, a significant jump from its previous $20 million valuation during a pre-seed round in 2022. Read the full story here: 👇 https://lnkd.in/d4WVxE_N #funding #wealthtech #startup #investors #management #indianstartupnews

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Fintech startup CredFlow has raised $3.7 million (about Rs 31.2 crore) in a pre-Series B funding round co-led by two of its existing investors, Inflexor Ventures and a Singapore-based family office. The proceeds will be allocated towards optimizing and scaling its financial services and lending verticals, as well as improving its tech and innovation capabilities. CredFlow is a SaaS-based cash flow management solution that aims to address every single aspect of the cash flow management and financial growth process in small and medium-sized organizations. The platform enables SMEs to leverage technology to unlock more working capital by helping them manage their finances better through timely insights via a dashboard of pending amounts from customers, sending regular payment reminders, validating invoices, and negotiating discounts for early payments. According to CredFlow, it offers robust financial management by directly integrating with the business’s Tally or Busy ERP, which, in turn, provides business owners with real-time analytics and deep insights into their operations. Founder: Kunal Aggarwal Follow Rise & Shine for daily funding deals. Stay ahead, stay motivated with www.riseshine.in #fintech #startup #funding

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FINTECH SCOOP: Fintech startup Multipl raises $1.5 Mn 🔎 The seed funding round was co-led by Blume Ventures and MIXI Global Investments, Inc. 🔎 Multipl’s platform integrates with mutual funds and partnerships with brands which enables consumers to invest in mutual funds for their lifestyle spends. Follow the India FinTech Forum for news, events, and job updates. Paddy Raghavan | Jags Raghavan | Vikas Jain #Fintech #funding #mutualfunds #lifestyle

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Jumpstart your dApp development on Solana! 🌟 Our 'Building dApps on Solana: A Step-by-Step Handbook' has all the insights you need! https://lnkd.in/gF7s2dcY #solana #crypto #cryptocurrency #nft #blockchain #cryptonews #cryptotrading #sol #polkadot #ada #dapps #bitcoin #ethereum #decentralized #cryptocurrencies #smartcontracts #defi #eth #btc #mainnet #wallet #dapp 

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