Bengaluru-based electric bike startup ?Ultraviolette Automotive Pvt Ltd? has allegedly raised $14.85 million or Rs 112.5 crore from TVS Motor and Zoho Corporation in a Series C round, as indicated by a MCA recording dated December 8, 2021. TVS Motor Company drove the round, implanting $9.9 million (Rs 75 crore) in Ultraviolette Automotive. Zoho has contributed $5 million (Rs 37.5 crore) for a 2.46 percent stake in the endeavor. Established in 2015, Ultraviolette plans, creates and makes electric bikes and their frill. The startup raised Rs 50 crore of capital in a Series B round in October last year from TVS Motor and GoFrugal.
Biotech organization ?Zumutor Biologics? has brought $6.2 million up in Series A4 subsidizing. The round was driven by Accel, Bharat Innovation Fund (BIF), and new approaching profound tech financial backer, Siana Capital. The organization had before raised capital from Chiratae Ventures, Aarin Capital, and Karnataka Information Technology Venture Capital Fund (KITVEN). With this subsidizing, the complete capital raised by the organization is more than $26.2 million. The group is currently documenting an IND and getting into FIH( first in quite a while) in the US by the center of 2022, for this they mean to raise a bigger (series B) round for finish of stage 1 examinations and progress of resources in the line.
[Funding alert] Dialysis service provider NephroPlus raises $24M in Series E from IIFL AMC and existing investors
Hyderabad-based dialysis specialist co-op, ?Nephroplus?, on Monday has brought $24 million up in Series E round to seek after development openings across India and select International business sectors. The current round drove by IIFL Asset Management (IIFL AMC), alongside speculation from existing financial backers InvestCorp and Bessemer Venture Partners (BVP) comes closely following prominent scope up that the organization has conveyed lately towards keeping up with its predominant market authority in the dialysis space. Sharing his perspectives on the exchange, Vikram Vuppala, Founder and CEO, NephroPlus said, "We invite IIFL Asset Management as our most current investor and it is extraordinary to see our two existing financial backers (InvestCorp and BVP) partaking in this Series E round also. While NephroPlus had confronted not many difficulties during the COVID waves, our scale, broadened presence, client associate, alongside solid in reverse incorporation on costs has assisted us with arising more grounded generally.
Rakesh Jhunjhunwala-supported wellbeing and nourishment organization ?Fullife? Healthcare raised Series C financing of $22 million by Morgan Stanley Private Equity Asia (MSPEA), the organization said on Monday. The organization sells dynamic nourishment and magnificence items through its lead brands Fast&Up and Chicnutrix separately. "An enormous piece of the subsidizing will go into building our brands in India, expanding our essence, our item portfolio, our classes that we play, and obviously, center around the innovation," said Varun Khanna, CEO of Fullife Healthcare, while addressing YourStory. An expanding number of Indians are deciding to purchase action and health supplements, which is helping the organization's development base. "It is just a hint of something larger, there's a gigantic excursion to go," he added. The market will develop as they pick dynamic and better ways of life.
Bengaluru-based portability unicorn ?Ola? has raised $500 million through a Term Loan B (TLB) from marquee worldwide institutional financial backers. The organization expressed that the proposed advance issuance has gotten an amazing reaction from financial backers with interest and responsibility of roughly $1.5 billion. This is an achievement exchange as Ola is among a couple of Indian organizations to raise capital through the TLB course. Ola is relied upon to use the term advance to fuel its vision for the fate of versatility across its different organizations including ride hailing, vehicle business, conveyance with food sources, speedy trade, and monetary administrations.
Tech-empowered B2B fish commercial center ?Captain Fresh? has raised $40 million Series B speculation drove by Tiger Global and Prosus Ventures (previously Naspers Ventures). Existing financial backers Accel India, Matrix Partners India, Ankur Capital, and Incubate Fund likewise took part in the round. The financing will be utilized to construct tech intercessions and more profound tech reconciliations across the organic market side organization, for example, a continuous exchanging commercial center, valuing and quality normalization utilizing AI, and the use of mechanical mechanization to move gigantic volumes with accuracy. Skipper Fresh will likewise use the assets towards employing and growing its group. Utham Gowda, Founder and CEO, Captain Fresh, in a discussion with YourStory said, "Skipper Fresh will utilize the assets raised from the current round to fabricate tech intercessions and more profound tech reconciliations across the market interest side organization,
SK Finance, a Jaipur-based NBFC, has raised Rs 400 crore (roughly $53 million) in Series F round of subsidizing from IIFL Wealth and other new financial backers. Joined in 1994 and previously known as Ess Kay Fincorp it is supported by different financial backers like TPG Growth, Norwest Venture Partners, Baring India, and Evolvence India Fund. With this capital raise, SK Finance has in total raised with regards to Rs 1,400 crore from six financial backers. SK Finance MD and CEO Rajendra Setia said, "The current venture will empower the organization to proceed with its development direction and further fortify the administrative role worked throughout the long term."
Honasa Consumer, which runs child and mother care brand ?Mamaearth?, has brought around $80 million up in its most recent financing round drove by Sequoia, making it a unicorn. In July 2021, ?Mamaearth had gotten $50 million in a financing round drove by Sofina Ventures. This round had pushed the organization's valuation to $730 million. Mamaearth has endorsed the designation of 1,741 Series F inclination shares at an issue cost of $45,294.33 to raise $79.5 million, as indicated by administrative filings.
Seller Infra raises heavenly messenger round Business-to-business (B2B) advanced cooperation stage for framework and development industry, Vendor Infra, has brought $265,000 up in a holy messenger financing round from different leaders from the foundation and IT industry. The organization has raised the current round from SK Tripathi, MD and CEO of JMC Projects (India); Sanjeev Gupta, MD and CEO, Lahari; Amit Agarwal, CFO at JK Fenner (India); Narayan Ramaswamy, Founder and CEO of B2B Digital Ecosystem for SME; Dinesh Arora, Partner and Deals Leader; Puneet Chandra, Co-originator of Skootr Global, and different chiefs. Seller Infra will use the asset for extending its group, showcasing and marking, subsidizing worldwide development and stage headway.