🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Exclusive: Defense startup NewSpace to raise Rs 115 Cr debt

EntrackrEntrackr · 5m ago
Exclusive: Defense startup NewSpace to raise Rs 115 Cr debt
Medial

Exclusive: Defense startup NewSpace to raise Rs 115 Cr debt Defense startup NewSpace is set to raise Rs 115 crore ($13.3 million) in debt funding led by Lend Lease Company India Ltd, angel investor Ahmed Nalwala, ARA Investment with the participation of 35 other investors. The board at Newspace passed a resolution to approve the issue of 115 compulsory convertible debentures at a face value of Rs 1,00,00,000 each to raise the above-mentioned amount, according to its regulatory filing filed with RoC. Lend Lease will lead the round with an investment of Rs 13 crore, followed by angel investor Ahmed Nalwala and ARA Investment, who will invest Rs 10 crore each. NK Trust and Weil Investments will contribute Rs 7 crore and Rs 5 crore, respectively, while Gauri Khan Family Trust will join with Rs 2 crore. The remaining amount will be covered by 32 other investors, including several angel investors. The company will utilize the proceeds from this funding for general operating and working capital requirements, as well as capital expenditure to support business expansion, the filing added. Founded in 2019, NewSpace Research & Technologies (NRT) is an Indian aerospace and defense company that develops advanced unmanned systems and persistent drones. These are used for military and civilian purposes like surveillance, communication, and logistics. NRT works with various government agencies, including the Ministry of Defence, the NDRF, and the Ministry of Home Affairs, while also exploring civil logistics. The company also offers specific drone models such as the BELUGA, NIMBUS, MACKEREL, and NIMBUS-SCOPE. According to startup data intelligence platform TheKredible, the dronetech company has so far raised over $80 million, from investors including Volrado Venture Partners, Pavestone, QRG Investments, and others. For the fiscal year ended March 2024, the Bengaluru-based startup’s revenue declined sharply to Rs 96.25 lakh from Rs 103 crore in FY23. The company also reported a loss of Rs 62 crore during the period, compared to a profit in the previous year.

Related News

Exclusive: Ecozen to raise Rs 95 Cr debt from Momentum Capedge

EntrackrEntrackr · 1m ago
Exclusive: Ecozen to raise Rs 95 Cr debt from Momentum Capedge
Medial

Exclusive: Ecozen to raise Rs 95 Cr debt from Momentum Capedge Climate-focused deeptech startup Ecozen is raising Rs 95 crore (approximately $10.7 million) in debt funding from Momentum Capedge Limited. This is the third debt injection for the Pune-based company in the past 12 months. Before this, Ecozen had raised $12.5 million in debt from UTI International and Spark Capital, as well as $23 million from responsAbility Investments AG, Northern Arc Capital Limited, and others. The board at Ecozen has passed a special resolution for approval to issue 950 Series E non-convertible debentures (NCDs) at a face value of Rs 10 lakh each to raise Rs 95 crore, including a green shoe option of up to Rs 25 crore, according to its filing with the Registrar of Companies (RoC). According to the filing, the debentures carry an interest rate of 11.5% per annum with a tenure of 27 months, and the debt proceeds will be used for immediate capital requirements to aid the growth of the business. Founded by Devendra Gupta, Ecozen provides climate-smart deep-tech solutions built on core technology stacks such as motor controls, IoT, and energy storage, leveraging solar power. The company's key products include Ecotron (solar pump controller), Ecofrost (solar cold storage), solar AC, solar panels. According to startup data intelligence platform TheKredible, Ecozen has raised over $76 million to date through a mix of debt and equity. Nuveen Global and Omnivore are the company’s lead investors. For the fiscal year ended March 2025, the Pune-based company’s operating scale expanded over 2.3X to Rs 889 crore from Rs 377 crore in FY24, while profits surged 4.7X to Rs 95 crore. Ecozen competes with Powerflex, Inficold, and Khetworks.

Exclusive: Stanza Living secures debt from Alteria and Innoven Capital

EntrackrEntrackr · 5m ago
Exclusive: Stanza Living secures debt from Alteria and Innoven Capital
Medial

Exclusive: Stanza Living secures debt from Alteria and Innoven Capital Managed accommodation provider Stanza Living secured Rs 60 crore (approximately $7 million) in debt funding from Alteria Capital and Innoven Capital. Previously, Stanza Living raised Rs 110 crore ($13 million) in a bridge round led by Alpha Wave, as exclusively reported by Entrackr. The Stanza Living’s board issued 6,000 non-convertible debentures at a face value of Rs 1,00,000 each to raise the above-mentioned amount, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Alteria Capital invested Rs 35 crore ($4.1 million) while Innoven Capital contributed with Rs 25 crore ($2.9 million) in the round. Founded in 2017, Stanza Living is a managed accommodation startup that offers hassle-free living for students and young professionals moving to new cities. The company claims to have over 75,000 beds across 24 cities in India. The Delhi-based startup has raised over $240 million to date across multiple debt and equity rounds from investors such as Alpha Wave, Peak XV Partners, Accel, and Z47, according to startup data intelligence platform TheKredible. The Accel-backed company is yet to file its financials for FY24 and FY25. In FY23, its revenue rose to Rs 442 crore from Rs 115 crore in FY22, while losses widened 18.71% to Rs 495 crore during the same period. Stanza Living competes with Your-Space, which recently raised Rs 70 crore in debt, and Truliv, which entered into a strategic equity partnership with Bennett, Coleman and Company Limited (BCCL). Other competitors include Colive, Settl, Union Living, and Coho.

Exclusive: BigBasket secures Rs 200 Cr debt

EntrackrEntrackr · 2m ago
Exclusive: BigBasket secures Rs 200 Cr debt
Medial

Exclusive: BigBasket secures Rs 200 Cr debt BigBasket’s consumer-facing arm, Innovative Retail, has secured Rs 200 crore (approximately $22.7 million) in debt funding from DBS Bank Ltd. This is its first major capital injection in nearly three years, after the $200 million round led by Tata Digital in December 2022. According to its filing with the Registrar of Companies (RoC), the board of Innovative Retail Pvt Ltd (BigBasket’s B2C arm) has allotted 20,000 non-convertible debentures (NCDs) at a face value of Rs 1,00,000 each to raise the above-stated amount. The aforementioned debentures are issued for a tenure of 18 months and a coupon rate of 8.2% per annum, the filing added. The filing added that the proceeds from the debt raise will be used to set up and maintain dark stores, along with other general corporate purposes. Founded in 2011, BigBasket operates an inventory-led online grocery model, managing its own dark stores and delivery network while offering a wide range of products, including private labels. In August 2024, BigBasket fully pivoted to quick commerce, making 10-minute delivery its primary focus. According to startup data platform TheKredible, the company has raised over a billion dollars in funding to date from major investors such as Mirae Asset, British International Investments, and Bessemer Venture Partners. Tata Digital acquired BigBasket in May 2021. On the financial front, BigBasket’s (B2C) losses widened to Rs 1,850 crore in the fiscal year ended March 2025 while its revenue remained flat at Rs 7,673 crore during the period.

Exclusive: FreshToHome to raise Rs 75 Cr in debt funding

EntrackrEntrackr · 1m ago
Exclusive: FreshToHome to raise Rs 75 Cr in debt funding
Medial

Exclusive: FreshToHome to raise Rs 75 Cr in debt funding Founded in 2015 by Shan Kadavil and Matthew Joseph, FreshToHome operates across around 160 cities in India and has a presence in key markets in the UAE. Bengaluru-based meat and seafood delivery startup FreshToHome is raising Rs 75 crore or $8.5 million from Trifecta Venture in a debt round. FreshToHome’s board has approved the issuance of 750 non-convertible debentures (NCDs) to Trifecta Venture at a face value of Rs 10 lakh each, to raise a total of Rs 75 crore, according to filings sourced from the Registrar of Companies (RoC). The proceeds will be utilised to meet the company’s working capital requirements and for general corporate purposes. In February last year, the company entered the quick commerce space, offering deliveries within 10–15 minutes. According to startup data intelligence platform TheKredible, the firm has raised over $320 million in equity to date. In the last round, FreshToHome raised $104 million in its Series D funding, led by Amazon Smbhav Venture Fund. The round also saw participation from E20 Investment Ltd, Mount Judi Ventures, and Dallah Albaraka. As per Indian entity filings with the Registrar of Companies (RoC), FreshToHome reported a 12.3% year-on-year decline in its revenue from operations to Rs 369.55 crore in FY25, compared to Rs 421.33 crore in FY24. During the same period, the company narrowed its net loss by 2.3% to Rs 146.32 crore, from Rs 149.73 crore a year earlier.

Exclusive: StockGro secures Rs 50 Cr debt from Trifecta

EntrackrEntrackr · 5m ago
Exclusive: StockGro secures Rs 50 Cr debt from Trifecta
Medial

url: https://entrackr.com/exclusive/exclusive-stockgro-secures-rs-50-cr-debt-from-trifecta-9780883 Content: Social investment and stock market advisory platform StockGro raised Rs 50 crore ($5.7 million) in debt funding from its existing investor Trifecta Capital. This debt funding follows the Rs 205 crore ($25 million) raised in two tranches in January 2024 from Hindustan Media Ventures and Trifecta Capital. According to filings with the Registrar of Companies (RoC), StockGro’s board approved the issuance of 500 Series B non-convertible debentures at a face value of Rs 10 lakh each, raising Rs 50 crore from Trifecta Capital. Founded in 2020 by former venture capitalist Ajay Lakhotia, the Bengaluru-based StockGro is a fintech platform that simplifies stock market investing through SEBI-registered advisors, offering investment advisory, portfolio management, and educational resources to help users navigate the market. Recently, StockGro has launched Stoxo, India’s first AI-powered stock market research engine. It offers real-time, reliable insights to help retail investors make better decisions. According to startup data intelligence platform TheKredible, the BITCRAFT Ventures-backed company raised over $50 million in both debt and equity, including its $32 million Series A round raised in January 2022. While the company is yet to file its FY25 numbers, its revenue from operations fell 34% to Rs 86.5 crore in FY24 from Rs 131 crore in FY23. During the same period, losses surged 84% to Rs 101 crore.

Exclusive: Moneyview secures Rs 100 Cr debt, appoints independent directors

EntrackrEntrackr · 2m ago
Exclusive: Moneyview secures Rs 100 Cr debt, appoints independent directors
Medial

Exclusive: Moneyview secures Rs 100 Cr debt, appoints independent directors Consumer lending platform Moneyview has raised Rs 100 crore (about $11.4 million) in debt from RevX Capital and Motilal Oswal. The infusion comes at a time when the company has been gearing up for a potential public listing. According to the company’s filing with the Registrar of Companies (RoC), Moneyview’s board has issued 100 non-convertible debentures (NCDs) at a face value of Rs 1 crore each to raise Rs 100 crore. RevX Capital led the round with Rs 45 crore, followed by Motilal Oswal with Rs 40 crore, while Arthos Corporate and ElectroMech India contributed Rs 11 crore and Rs 4 crore, respectively. The Tiger Global–backed company is likely to raise more debt in multiple tranches of up to Rs 750 crore, according to the filing. According to a separate filing by the company in September, Moneyview has appointed Alpana Parida, Sameer Kumar Baiswala, and Anil Berera as non-executive independent directors of the company. Founded in 2014, Moneyview offers personalized products such as instant loans, cards, BNPL, and financial management tools, partnering with over 15 lenders. It also plans to expand into digital bank accounts, insurance, and wealth management services. The company claims to have over 65 million users and more than 5 crore app downloads. According to startup data platform TheKredible, the Bengaluru-based firm has raised over $240 million across multiple rounds from investors including Accel, Tiger Global, and Ribbit Capital. The company entered the unicorn club in September last year after raising $4.6 million from Accel and Nexus Venture Partners. On the financial side, Moneyview maintained its strong growth momentum and posted a 74% YoY increase in its revenue in FY25. Profits for the fintech unicorn grew 40% to Rs 240 crore during the year. As per media reports, Moneyview is eyeing to raise over $400 million (around Rs 3,400 crore) through its initial public offering (IPO) and has reportedly appointed Axis Capital, Kotak Mahindra, and others as its banking partners.

Exclusive: Peak XV-backed OneAssist to raise Rs 108 Cr from Stride Ventures

EntrackrEntrackr · 5m ago
Exclusive: Peak XV-backed OneAssist to raise Rs 108 Cr from Stride Ventures
Medial

**Exclusive: Peak XV-backed OneAssist to raise Rs 108 Cr from Stride Ventures** Peak XV-backed post sales service company OneAssist is all set to raise Rs 108 crore ($12.3 million) in a mix of debt and equity from Stride Ventures. This is the first debt funding for the company in four years since it raised around $33 million from RSCo. OneAssist’s board has approved a special resolution to raise Rs 108 crore, as per its RoC filing. The round includes Rs 100 crore through the issuance of 10,000 non-convertible debentures (NCDs) at a face value of Rs 1,00,000 each, along with Rs 8 crore via 601 CCPS issued at Rs 1,33,160 apiece. Each debenture will carry a coupon rate of 14.2% per annum, and the firm plans to use the proceeds for general corporate purposes, the filing said. As per Entrackr’s estimates, OneAssist will be valued at around Rs 1,978 crore or $225 million post-allotment. Founded in 2011 by Subrat Pani and Gagan Maini, OneAssist is a subscription-based assistance and protection platform offering services such as wallet and credit card loss coverage, extended warranties, repairs, and protection for mobile phones and home appliances. According to startup data intelligence platform TheKredible, OneAssist raised over $75 million from investors including Peak XV Partners, Lightspeed, and RSCO. For the fiscal year ended March 2025, the Mumbai-based firm posted a 22% growth in its operating revenue to Rs 623 crore in FY25 from Rs 509 crore in FY24. During the period, it reported a 56% reduction in its net loss to Rs 11 crore, as per its provisional financial statement sourced from company filings. OneAssist competes with Servify, Onsitego, Syska Gadget Secure, and ZurePro.

Exclusive: Edu-fintech company Auxilo raises Rs 225 Cr debt

EntrackrEntrackr · 2m ago
Exclusive: Edu-fintech company Auxilo raises Rs 225 Cr debt
Medial

Exclusive: Edu-fintech company Auxilo raises Rs 225 Cr debt Auxilo, an education-focused non-banking financial company (NBFC), has secured Rs 225 crore (around $25.5 million) in debt funding from Neo Group, Nuvama Wealth, Dezerv, and The South Indian Bank. Earlier this year in February, Motilal Oswal invested Rs 50 crore in Auxilo through a debt round, as exclusively reported by Entrackr. The Auxilo’s board has issued 22,500 non-convertible debentures (NCDs) at a face value of Rs 1,00,000 each to raise the above-mentioned sum, according to its filing with the Registrar of Companies (RoC). Neo Group led the debt round with a Rs 100 crore ($11.36 million) investment, while Nuvama Wealth and Dezerv contributed Rs 50 crore each, and The South Indian Bank added Rs 25 crore. The debentures carry an interest rate of 9.7% per annum with a three-year tenure, while those issued to The South Indian Bank come at a 10% annual interest rate. Founded in 2016, Auxilo provides education loans to students for higher studies in India and abroad and to educational institutes for infrastructure modernization. Its educational loans include all the expenses related to the course, including classroom expenditures, pre-visa approvals, and airfares. For the fiscal year ended March 2025, Auxilo’s operating revenue rose nearly 50% to Rs 528 crore from Rs 357 crore in FY24. During the same period, the company’s profit surged 62% to Rs 112 crore.

Download the medial app to read full posts, comements and news.