Fri. May 20th, 2022

Opening out to become a unicorn and raising $100-$150 million in capital for a Neo-bank

Open, a neo-bank, is anticipated to receive a new round of funding and become a unicorn as a result.
According to CNBC-sources, TV18’s Open has raised $100 to $150 million at a valuation of $1.1 to $1.2 billion. Existing investors Tiger Global and Temasek are thought to be co-leading this round. Some of the original investors have pulled out in part, while other investors have joined the round.

The corporation is scheduled to make an announcement within the next ten days. A 20 percent share in Open was sold by Unicorn India Ventures to CNBC-TV18 for $10 million, one of the company’s early backers.

According to a corporate statement released in October of last year, Open received $100 million in Series C funding from Temasek, with participation from Google and Japan’s SBI investments.

Since its Series C investment of $100 million, SaaS startup Hasura has become the first unicorn in the SaaS industry.

Having raised $100 million in Series C funding at a $1 billion valuation, SaaS startup Hasura has joined the unicorn club. Hasura has already raised $136.5 million in total. Participating investors included Nexus Venture Partners (Nexus VP), Lightspeed VP, and Vertex Ventures (Vertex VP).

They want to use the money to speed up development of their GraphQL engine, which makes it quick and simple for anyone, even those with no prior knowledge of GraphQL, to put together their own GraphQL APIs out of existing APIs and databases, according to a statement.

IvyCap Ventures closes its third fund for a total of Rs 1608 crore

With a first closure of Rs 1,608 crore ($214 million), early-stage startup investor IvyCap Ventures has officially closed its third fund.

As a result of the high demand, IvyCap said in a statement that it plans to expand the size of the third fund to Rs 2,500 crore by the time it closes.

The third fund has raised two-thirds of its capital from current investors, or Limited Partners, according to the company. Few new institutional investors, including banks, insurance firms, government departments, and many family offices, have also gotten in on the ground floor of the market. With a new fund of $120 million, Prime Venture Partners plans to invest in new areas such as EVs, B2B, and Web3.

With the final closing of its fourth fund, Prime Venture Partners, an early-stage VC firm raised $120 million. It appears that the fund’s aim of $100 million in pledges has been exceeded, according to the venture firm. Prime Venture’s funds have now raised more than $250 million in total capital.

Fintech, edtech, healthtech, consumer internet, and SaaS are some of the sectors that the corporation plans to invest in through its new fund, which was launched earlier this year. Additional investments will be made in EVs, Web3, and gaming infrastructure platforms in addition to this.

International Finance Corporation (IFC), which is part of the World Bank Group, a top-tier university endowment, a top-tier Fund of Funds, and a number of global technology entrepreneurs were among the investors in Prime Venture’s fourth fund.

MediBuddy raises $125 million in Series C funding

Two leading Indian private equity firms, Quadria Capital and Lightrock India, have invested $125 million in MediBuddy’s Series C fundraising round. In addition to these newcomers, current investors Bessemer Venture Partners and India Life Sciences Fund III, as well as Rebright Partners and JAFCO Asia and TEAMFund LP joined the round.

Digital healthcare services provider claims to have raised the most money with this round. On this transaction, Avendus Capital served as MediBuddy’s only financial advisor.

Princeton Digital, funded by Warburg Pincus, raises $500 million from Mubadala

The fact that the Abu Dhabi state fund Mubadala led a $500 million equity investment round for Asian data centre operator Princeton Digital Group highlights the sector’s desirability as global cloud providers fuel its growth.

Existing owners Warburg Pincus and the Ontario Teachers’ Pension Plan Board chipped in the balance of the round, which was led by a $350 million check from Mubadala.

in 2017 with Warburg Pincus, PDG, which was created by the company’s chairman Rangu Salgame and Chief Operating Officer Varoon Raghavan, would expand its operations in Singapore, India, China, Japan and Indonesia.

NFT platform is getting $100 million from Dream Capital?

A $100 million fundraising round in Rario, a cricket-focused NFT business, is in advanced talks with Dream Capital, the corporate venture capital arm of Dream Sports, according to sources.

According to the article, Dream Capital would be making its first foray into the Web3 industry if the acquisition goes through. According to a source, Rario and Dream Sports are looking to expand their collaboration.

Niyo’s $100 million Series C fundraising round was led by Accel Partners and Lightrock India, with participation from other investors.

An Indian firm called Niyo has raised $100 million in a Series C round of funding led by Accel & Lightrock India, with participation from Beams Fintech Fund, in its efforts to revolutionise the banking industry.

Others who have already invested in the round included Prime Venture Partners and JS Capital. Niyo’s deal was exclusively advised by Avendus Capital.

Product innovation, marketing and branding, expanding distribution, and hiring top people across the board are among the projects the firm plans to do with the new cash. Both organic and inorganic expansion will be used to give financial services to more than 30 million people, Niyo said. Facilio has secured $35 million in Series B funding to use artificial intelligence to revolutionise the real estate industry.

Dragoneer Investment Group, Brookfield Growth, and Facilio’s previous investors, Accel India and Tiger Global Management, have all contributed $35 million to Facilio’s Series B fundraising round, which was led by Dragoneer Investment Group.

Facilio’s founder and CEO, Prabhu Ramachandran, said the investment would help the company to extend its market leadership, grow sales and marketing, and enable more organisations to succeed through a predictive, linked model of real estate management.

From Giift and Apis Partners, Xoxoday raises $30 million

From Giift and Apis Partners came $30 million in funding to the Xoxoday B2B enterprise for rewards, incentives, and payouts. The deal was a combination of primary and secondary capital.

Both Giift and Xoxoday will be able to broaden their service offerings as a result of the partnership, according to a statement from the company.

New funds will be utilised to fuel expansion in international markets and enhance the technology infrastructure needed to support the next billion users, according to Xoxoday.com.

Shipping company Shipsy has raised $25 million in its second round of funding

SaaS-based Shipsy has raised $25 million in a Series B round led by A91 Partners and Z3 Partners, which will be used to expand the company’s product line.

New markets in Europe and North America are also on the company’s horizon as it intends to expand its presence in the Middle East, India, and Southeast Asia. The business plans to use the funds to accelerate technical innovation in the global logistics industry, with a stronger emphasis on boosting sustainability results and its platform’s AI, Machine Learning, and Blockchain capabilities..

As part of its Series C investment round, Vymo received $22 million from Investors

In a Series C fundraising round headed by Bertelsmann India Investments, Vymo, an Intelligent Sales Engagement platform for Financial Institutions, has raised $22 million. Emergence Capital and Sequoia Capital are already involved. As part of the deal, BII’s Rohit Sood will join the board of directors of the new firm.

For us, the year 2021 was a watershed moment: 20 percent + quarterly growth, 142 percent NRR, zero logo churn, entry into the United States with winners like Berkshire Hathaway, and onboarding some of the largest Japanese insurers yet. This fundraise will help us accelerate our expansion objectives for these regions,” said Yamini Bhat, Co-founder and CEO. “Sales technology represents a $10B+ opportunity in just these two nations.”.

By Adam

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