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

News on Medial

Related News

Brainbees arm to acquire KA Hygiene in Rs 57.74 Cr share swap deal

EntrackrEntrackr · 20d ago
Brainbees arm to acquire KA Hygiene in Rs 57.74 Cr share swap deal
Medial

Pune-based Brainbees Solutions, the parent company of FirstCry, has announced the acquisition of K.A. Enterprises (Hygiene) through its subsidiary Swara Baby, as the company expands its presence in the hygiene products segment. In a regulatory filing dated December 23, Brainbees said Swara Baby will acquire 100% equity ownership in KA Hygiene through a share swap transaction valued at Rs 57.74 crore. As part of the deal, Swara Baby will issue 38,49,572 equity shares to the existing shareholders of KA Hygiene. The transaction does not involve any cash consideration. Following the issuance of shares, Brainbees’ holding in Swara Baby will reduce from 87.29% to 75.92%. The acquisition is expected to be completed by the end of the year. Incorporated in 2019, KA Hygiene manufactures and trades hygiene products. The company recently took over the business operations of a related entity operating in the same segment. On a consolidated basis, the hygiene business reported revenue of Rs 84.01 crore in FY25, compared with Rs 80.42 crore in FY24 and Rs 58.45 crore in FY23. The firm reported a profit after tax of Rs 5.22 crore in FY25. KA Hygiene has only recently commenced standalone operations, and its individual financials are currently negligible. Separately, Brainbees has earlier incorporated Swara Corp in the United States through Swara Baby Products as part of its overseas expansion plans in the hygiene and disposable products category. Brainbees recently reported consolidated revenue from operations of Rs 2,099 crore in Q2 FY26, while posting a positive EBITDA of Rs 111 crore for the quarter ended September 30, 2025.

Swara Fincare raises Rs 19.4 Cr in Series A funding

EntrackrEntrackr · 1y ago
Swara Fincare raises Rs 19.4 Cr in Series A funding
Medial

Tech-enabled non-banking financial company (NBFC) Swara Fincare has successfully raised Rs 19.4 crore ($2.3 million) in a Series A funding round led by UC Impower, with participation from Serica Angel Fund. The new funding will be used to promote financial inclusion for micro and small entrepreneurs, expand its distribution network, develop innovative products, and enhance its technology platforms, according to a press release from Swara Fincare. Founded in 2022 by Dev Verma, Mukund Madhav, and Sumit Ranjan, Swara Fincare aims to provide financial services to individuals and entrepreneurs in rural and semi-urban areas of India. Its offerings include customized financing solutions, life, health, and general insurance products, as well as loan account EMI payments and real-time tracking. Swara Fincare focuses on supporting the underbanked population and emerging entrepreneurs in India. The company collaborates with government agencies, NGOs, and other organizations to deliver financial literacy programs, training, and mentorship to its clients. Based in Gurugram, Swara Fincare operates 45 branches across Uttar Pradesh, Haryana, Rajasthan, Bihar, and Uttarakhand, impacting over 35,000 households. The firm has also secured debt support from more than 30 prominent financial institutions and banks, along with three co-lending partnerships to facilitate its growth. Other notable players in the NBFC sector include Funding Societies, Lendingkart, and AYEFin, among others.

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