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Aris Infra Solutions raises Rs 80 crore in pre-IPO round
Economic Times
·
6m ago
Medial
Aris Infra, a construction material procurement platform, secured Rs 80 crore in a pre-IPO round led by Mukul Agrawal and others, with a post-money valuation of Rs 1,800 crore. The firm, leveraging AI and ML for supply chain efficiency, plans to use IPO proceeds to repay debt, boost working capital, and invest in its subsidiary. Backed by notable investors, ArisInfra serves clients like Tata Group and JSW, amidst industry competition from players like Infra.Market.
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Aris Infra files draft IPO papers, plans to raise Rs 600 crore
Economic Times
·
11m ago
Medial
Indian construction material procurement platform, Aris Infra, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an IPO aiming to raise up to Rs 600 crore ($80 million). The company, which connects property developers and vendors through AI and machine learning, plans to use the funds for repayment of debt, working capital requirements, investment in its subsidiary, and potential acquisitions. Aris Infra counts Tata Group, JSW, UltraTech Cement, and Larsen & Toubro as clients and recorded revenues of Rs 700 crore ($93 million) in FY2024. JM Financial, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers for the IPO.
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Ecom Express, Aris Infra plan IPOs; General Atlantic's Naik stepping down
VCCircle
·
1y ago
Medial
Gurugram-based logistics company Ecom Express is reportedly planning a Rs 3,000-crore ($359 million) initial public offering (IPO) with the help of investment firms Partners Group and Warburg Pincus. Meanwhile, Aris Infra is also considering an IPO to raise funds for its future expansion plans. Additionally, Sandeep Naik, head of India and Asia Pacific at General Atlantic, is stepping down from his position at the investment firm.
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Aris Infra plans to raise Rs 600-700 crore via IPO
Economic Times
·
1y ago
Medial
Mumbai-based construction material procurement platform Aris Infra plans to raise INR 600-700 crore through an IPO, with a draft prospectus expected to be filed soon. The company, backed by HNIs and family offices, utilizes AI and machine learning to digitize the supply chain of the construction industry. Aris Infra has already raised INR 160 crore in equity and an equal amount in debt. The IPO will consist only of new shares, as existing shareholders are retaining their stakes. The company has recorded a revenue of INR 700 crore in FY24 and maintained profitability since inception.
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Solarworld Energy Solutions secures Rs 110 Cr in pre-IPO placement round
YourStory
·
8m ago
Medial
Solarworld Energy Solutions has raised approximately Rs 110 crore in a pre-IPO placement round from investors, including ValueQuest Investment Advisors. This has reduced the fresh issue component of the company's planned IPO to Rs 440 crore. Solarworld Energy Solutions specializes in engineering, procurement, and construction services for solar power projects. The proceeds from the planned IPO will be used for investment in the company's subsidiary and for general corporate purposes.
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Zaggle raises INR 98 crore in pre-IPO funding
Startup News FYI
·
1y ago
Medial
B2B fintech solutions provider Zaggle has successfully secured INR 98 crore in two tranches as part of its pre-initial public offering (IPO) round, according to a tweet by the company. The funds raised will contribute to the company's growth strategies as it moves towards its upcoming IPO.
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Hero FinCorp raises Rs 260 Cr in pre-IPO round, trims total issue size to Rs 3,408 Cr
YourStory
·
1m ago
Medial
Hero FinCorp, a subsidiary of Hero MotoCorp, raised Rs 260 crore in a pre-IPO round, reducing the total IPO issue size to Rs 3,408 crore. The fresh issue size was cut to Rs 1,840 crore from Rs 2,100 crore. Investors in the offer-for-sale include AHVF II Holdings Singapore II Pte. Ltd and others. The funds from the fresh issue aim to enhance the company's capital for future lending activities. The NBFC serves retail and MSME sectors in India.
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Orient Cables files draft papers for Rs 700 crore IPO
Economic Times
·
23d ago
Medial
Orient Cables (India) Ltd has submitted draft papers to Sebi for a Rs 700 crore IPO, including a Rs 320 crore fresh issue and Rs 380 crore Offer for Sale by promoters. Proceeds will fund machinery and capital expenditure (Rs 91.5 crore), debt repayment (Rs 155.5 crore), and general corporate purposes. The company, focusing on networking cables and solutions for industries like telecom and renewable energy, considers a Rs 64 crore pre-IPO placement.
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Exclusive: EyeMyEye raises $2.5 Mn in a new tranche
Entrackr
·
1y ago
Medial
Full-stack eyewear platform EyeMyEye has raised Rs 20.8 crore (approximately $2.5 million) in a new tranche as part of its pre-series A round. The board at EyeMyEye has passed a special resolution to issue 14,44,847 pre-Series A CCPS at an issue price of Rs 143.96 each to raise Rs 20.8 crore, its regulatory filing sourced from RoC shows. RBA Finance & Investments and Ashish Ramesh Kacholia pumped in Rs 10 crore each while Sachin Shah participated with Rs 80 lakh. Following the fresh proceeds, RBA Finance and Ashish Kancholia will hold 6.22% each of the company. EyeMyEye will use these proceeds to operate the business, achieving the pre-defined milestones, and in the manner envisaged in the shareholder’s agreement, the filing added. According to the startup data intelligence platform TheKredible, the company has been valued at around Rs 162 crore or $20 million (post-money). Founded in 2021 by Ganesh Iyer, EyeMyEye offers a range of customized eyeglasses, sunglasses, and other eyewear-related products to consumers through its online and offline channels. EyeMyEye has raised around Rs 90 crore ($11 million) to date including a $5 million round led by LC Nueva AIF in August 2022. Entrackr had exclusively reported the development. EyeMyEye registered 34% year-on-year growth to Rs 32.45 crore during FY23. Moreover, the company’s losses remained steady at Rs 19.36 crore during the same period. It competes with the likes of Lenskart, ClearDekho, Cool Winks and Lens2Home, among others.
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Voice AI startup Navana AI raises Rs 7 crore in round led by Antler India - The Economic Times
Economic Times
·
18d ago
Medial
Voice AI startup Navana.ai raised Rs 7 crore in a pre-Series A round led by Antler India, with participation from Ajay Agarwal, Ronnie Screwvala, and Sandeep Singhal. Founded by Raoul and Jai Nanavati, the company offers voice AI solutions for enterprises, serving over 40 clients in more than 12 languages. The funds will enhance R&D and product scaling. Navana.ai had previously raised Rs 6.2 crore, totaling Rs 13.2 crore in funding.
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Healthcare startup Welcome Cure raises Rs 4Cr from Gurugram's Inflection Point Ventures
IndianStartupNews
·
1y ago
Medial
Healthcare startup Welcome Cure has secured over Rs 4 crore in a pre-series A funding round led by Inflection Point Ventures (IPV). The funds will be utilized for growth, including talent acquisition, technology improvement, and marketing efforts. Welcome Cure is a homeopathy technology startup offering holistic healthcare solutions. They aim to raise over Rs 16 crore in this ongoing funding round. The homeopathy industry is valued at over $7 billion with a growth rate of 18% CAGR, indicating significant growth potential.
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