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

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

BlackBuck Raises INR 501 Cr From Anchor Investors

Inc42 · 8m ago

BlackBuck Raises INR 501 Cr From Anchor Investors

The logistics company, BlackBuck, raised INR 501.33 Cr from anchor investors in a recent round. The investors subscribed to 1.83 Cr equity shares at a price of INR 273 each. Among the anchor investors, Nomura invested the highest amount of INR 67.87 Cr, acquiring 24.86 Lakh equity shares of BlackBuck. Three domestic mutual funds were also allocated 61.39 Lakh shares for INR 167.60 Cr.

Related News

BlackBuck IPO: Issue Subscribed 5% On Day 1 So Far

Inc42 · 8m ago

BlackBuck IPO: Issue Subscribed 5% On Day 1 So Far

BlackBuck, a logistics startup, aims to raise INR 1,114.72 Cr through its initial public offering (IPO). So far, the IPO has received bids for 11.57 Lakh shares, with 2.24 Cr shares on offer as of November 13. Additionally, BlackBuck has also raised INR 501 Cr from anchor investors in preparation for its IPO.

Zinka Logistics IPO subscribed 1.86 times on final day

Economic Times

Economic Times · 8m ago

Zinka Logistics IPO subscribed 1.86 times on final day

Zinka Logistics, the parent company of BlackBuck, successfully completed its IPO, with bids for 1.86 times the shares on offer. The IPO received bids for 4.19 crore shares against 2.25 crore shares available. The IPO consists of a fresh issue of shares worth Rs 550 crore and an offer-for-sale of up to Rs 565 crore. The shares will be listed on November 21. BlackBuck, a trucking aggregator, raised Rs 501 crore from anchor investors before the IPO. The company plans to allocate 20% of the IPO proceeds to its financial services subsidiary.

IPO-Bound TBO Tek Raises INR 696 Cr From 47 Anchor Investors

Inc42 · 1y ago

IPO-Bound TBO Tek Raises INR 696 Cr From 47 Anchor Investors

Travel Boutique Online (TBO Tek), a B2B travel portal, has raised INR 696.5 Cr ($93.7 million) from 47 anchor investors ahead of its public listing. The company has allocated 45.7 million shares to these investors at an anchor investor allocation price of INR 920 per share. The anchor round saw participation from Abu Dhabi Investment Authority (ADIA), Government Pension Fund of Norway, ICICI Prudential Mutual Fund, and other notable investors. TBO Tek aims to raise around INR 1,551 Cr ($208.4 million) through its IPO which opens on May 8. The funds raised will be used for growth, technology enhancement, and other purposes.

Smartworks Raises INR 174 Cr From Anchor Investors

Inc42 · 1m ago

Smartworks Raises INR 174 Cr From Anchor Investors

Smartworks, a coworking space provider, has raised INR 173.64 crore from anchor investors ahead of its public issue. The company allocated 4.3 million equity shares at INR 407 per share to these investors. Notably, Tata Mutual Funds, Baroda BNP Paribas, and Trust Mutual Fund collectively acquired 32.04% of the anchor allotment, totaling 1.37 million shares. Other participants included Aditya Birla Sun Life, Axis Mutual Fund, SBI General Insurance, Societe Generale, and Buoyant Capital.

Unicommerce IPO: SoftBank Backed Startup Raises Over INR 124 Cr From Anchor Investors

Inc42 · 1y ago

Unicommerce IPO: SoftBank Backed Startup Raises Over INR 124 Cr From Anchor Investors

SaaS startup Unicommerce has raised INR 124.4 Cr from 14 anchor investors ahead of its IPO opening on August 6. The IPO consists of only an Offer For Sale (OFS) component of 2.56 Cr equity shares. The startup allocated 1.15 Cr equity shares to anchor investors at INR 108 apiece, with various mutual funds being the major beneficiaries.

Ola Electric IPO: EV Startup Raises INR 2,763 Cr From Anchor Investors

Inc42 · 1y ago

Ola Electric IPO: EV Startup Raises INR 2,763 Cr From Anchor Investors

Ola Electric, a startup, received INR 2,763 Cr in funding from anchor investors at INR 76 per equity share. Key investors include SBI, HDFC, Nippon Life, Nomura Asset Management, Government Pension Fund of Norway, and Fidelity. The company's initial public offering (IPO) has a price band of INR 72-76 per equity share and will conclude on August 6.

BlackBuck Gets SEBI Nod For INR 550 Cr IPO

Inc42 · 10m ago

BlackBuck Gets SEBI Nod For INR 550 Cr IPO

- BlackBuck received the final observation letter from the markets regulator on October 3. - The startup, which is supported by investors like Peak XV, Accel, and Tiger Global, filed its Draft Red Herring Prospectus (DRHP) in July this year. - Despite being a loss-making entity, BlackBuck managed to reduce its net loss by over 30% YoY to INR 194 Cr in FY24. - The operating revenue of BlackBuck increased by 69% YoY to INR 296.9 Cr. - The company's financial performance shows signs of improvement, although it is still incurring losses.

Digit IPO: Insurtech Raises INR 1,176 Cr From Anchor Investors

Inc42 · 1y ago

Digit IPO: Insurtech Raises INR 1,176 Cr From Anchor Investors

Insurtech company Go Digit General Insurance (Digit) has raised INR 1,176.6 Cr ($158.7m) from its anchor investors ahead of its IPO, which is set to raise a total of INR 2,614.6 Cr ($352.7m). The IPO includes a fresh issue of shares worth INR 1,125 Cr ($151.6m) and an offer for sale (OFS) of 5.47 Cr ($737k) shares. The IPO is scheduled to open on 15 May and close on 17 May, with Digit planning to list on the BSE and NSE on 23 May.

IPO-Bound BlackBuck Narrows Loss By 33% To INR 194 Cr In FY24

Inc42 · 1y ago

IPO-Bound BlackBuck Narrows Loss By 33% To INR 194 Cr In FY24

IPO-bound logistics company BlackBuck reported a net loss of INR 194 crore in FY24, down 33% from the previous fiscal year. However, its total revenue increased 62% to INR 316.5 crore, including other income. BlackBuck is planning an IPO, with a fresh issue of shares worth INR 550 crore.

FirstCry Bags INR 188.5 Cr From Anchor Investors

Inc42 · 1y ago

FirstCry Bags INR 188.5 Cr From Anchor Investors

FirstCry, a leading baby products retailer, has allotted shares to anchor investors as part of its upcoming IPO. The anchor investors include prominent names like the Government of Singapore and investment firms such as ADIA, Nomura, Fidelity India, and Goldman Sachs. FirstCry aims to raise INR 4,193 crore through its IPO.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

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