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Butterfly Learnings raises Rs 32 Cr in Series A round

EntrackrEntrackr ยท 1y ago
Butterfly Learnings raises Rs 32 Cr in Series A round
Medial

Butterfly Learnings, a platform in paediatric behavioural and developmental health, has raised Rs 32 crore in its Series A round ed by Insitor Impact Asia Fund II and Enzia Ventures, with participation from CIIE (IIMA Ventures), Foundation Botnar, 9 Unicorns, and Venture Catalysts. Earlier in 2022, the Mumbai-based startup had raised $2 million in its seed funding round from Insitor Partners, 9 Unicorns, Venture Catalysts, and others. The fresh proceeds will be used to fuel Butterfly Learningsโ€™ expansion efforts as it plans to scale its tech enabled therapy programs. Founded by Sonam Kothari, Butterfly Learnings operate as a phygital platform that offers tailored support for children and families facing challenges related to neurodiversity. It employs over 250 in-house trained therapists, with operations extending to urban areas such as Pune, Nagpur, and Nasik. The platformโ€™s core offerings include individualized therapy regimens based on applied behavior analysis (ABA), consultations with skilled pediatric neurologists or developmental pediatricians, and additional therapies such as occupational therapy, speech therapy, oral placement therapy, and sensory integration. Currently serving approximately 2,000 families across 30 centers in Maharashtra, the firm plans to extend its reach across multiple states and cities in India through a 200-center network.

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Euler Motors raises Rs 638 Cr in Series D funding round

EntrackrEntrackr ยท 7m ago
Euler Motors raises Rs 638 Cr in Series D funding round
Medial

Euler Motors raises Rs 638 Cr in Series D funding round Commercial electric vehicle manufacturer Euler Motors has raised Rs 638 crore (approximately $75 million) in its Series D round, led by Hero MotoCorp, along with participation from existing investor British International Investment (BII). This latest infusion will be instrumental in expanding the companyโ€™s sales and service network, while advancing new product development to accelerate Indiaโ€™s commercial EV adoption. Last month, the company announced a $60 million investment from Hero MotoCorp. Entrackr also reported that British International Investment and Caladium Investment (GIC) contributed Rs 96 crore ($11.3 million) and Rs 32 crore ($3.76 million), respectively, in the Series D round. According to Entrackrโ€™s estimates, Euler Motors' valuation remains flat at $176 million. Euler Motors has secured investments from prominent backers such as Blume Ventures, Athera Partners, Asian Development Bank Ventures, and the Piramal Alternatives India Access Fund. With the latest funding round, the company's total capital raised stands at approximately Rs 1,420 crore. Launched in 2018, Euler Motors specializes in the production of EV three-wheelers. The company has seen strong adoption across the e-commerce, retail, and logistics segments, backed by a growing portfolio of electric vehicles, including the HiLoad EV and the StormEV. โ€œThis is a strong vote of confidence both in Indiaโ€™s commercial electric mobility future and in Euler Motorsโ€™ execution and products. With this fresh capital and strategic backing from new and existing investors, we are poised to accelerate our scale, continue innovating to deliver superior products, and come a few steps closer towards becoming Indiaโ€™s No. 1 commercial EV brand,โ€ said Saurav Kumar, founder and CEO of Euler Motors. Euler Motors reported a more than threefold increase in operating revenue year-on-year to Rs 189 crore in FY24 from Rs 62 crore in FY23. Despite this growth, the company posted a loss of Rs 227 crore during the same period. Euler competes with players like Altigreen, Mahindra Electric, Piaggio, Kinetic Green, Tata, and others.

Rapido raises Rs 250 Cr from Prosus as part of Series E round

EntrackrEntrackr ยท 10m ago
Rapido raises Rs 250 Cr from Prosus as part of Series E round
Medial

Rapido raises Rs 250 Cr from Prosus as part of Series E round Mobility firm Rapido is raising Rs 250 crore (around $29.7 million) from Prosus as part of Series E round. This funding comes just seven months after its $120 million round, which was led by WestBridge. The board at Rapido has passed a special resolution to issue 47,743 Series E preference shares at an issue price of Rs 52,467 each to raise Rs 250 crore or $29.7 million, the company's regulatory filing accessed from the Registrar of Companies shows. Rapido was set to raise approximately $60 million in a mix of primary and secondary funding from Prosus, as exclusively reported by Entrackr in October 2024. The ride-hailing app is raising $200 million in its Series E round at a $1.1 billion valuation. The company has already received two tranchesโ€”$120 million and $29.7 million. Following this latest tranche, Prosus will hold around 2.9% of Rapido. Based on Entrackrโ€™s estimates, Rapido is currently valued at approximately Rs 8,726 crore (just over $1 billion). Rapido recorded 46.3% year-on-year growth, with revenue standing at Rs 648 crore in the fiscal year ending March 2024. The company also reduced its losses by 45%, bringing them down to Rs 371 crore during the same period. In Q2 FY25, Rapido reported a 2.5X year-on-year increase in gross order value (GOV), reaching Rs 2,461 crore, up from Rs 977 crore in Q2 FY24. The company also saw a two-fold increase in rides, totaling 207 million.

Modulus Housing raises Rs 70 Cr in Series A round

EntrackrEntrackr ยท 19d ago
Modulus Housing raises Rs 70 Cr in Series A round
Medial

url: https://entrackr.com/news/modulus-housing-raises-rs-70-cr-in-series-a-round-10830476 Content: Modulus Housing raises Rs 70 Cr in Series A round Proptech startup Modulus Housing has raised Rs 70 crore ($7.83 million) in its Series A round led by Kalaari Capital, Hero, and Samarthya. The round also saw participation from SVAS, Sigma, Zetwerk founder Srinath, Sanjiv Rangrass, and other investors. This is the companyโ€™s first institutional funding. Founded in 2018 by Shreeram Ravichandran and P. Gobinath, Modulus Housing operates a factory-made construction model for modular buildings. It uses a cloud manufacturing network made up of partner factories and a proprietary product suite to produce structures for low-rise infrastructure. The company claims to run a profitable business with cumulative revenue of more than Rs 200 crore. The companyโ€™s operating revenue increased 38% to Rs 54 crore in FY24 from Rs 39 crore in the previous fiscal year. It didnโ€™t disclose its FY25 numbers. The proceeds will be used for market expansion across India and select global markets, advanced R&D, a next-generation concrete modular system, and scaling its cloud manufacturing network. Modulus also plans to expand its green concrete technology for distributed infrastructure use cases. According to the company, it has completed more than 1,500 buildings across 21 Indian states and parts of Africa. These include modular hospitals, cold storage units, site offices, schools, and distributed infrastructure projects. Modulus Housing is headquartered in Chennai and plans to expand operations across India and emerging markets.

Emiza raises Rs 100 Cr in Series C round

EntrackrEntrackr ยท 10m ago
Emiza raises Rs 100 Cr in Series C round
Medial

Emiza raises Rs 100 Cr in Series C round Supply chain and warehousing startup Emiza has mopped up its Rs 100 crore (approximately $12 million) Series C funding round co-led by Evolvence India and Mirabilis Investment Trust. The round, which came at a valuation of Rs 400 crore (nearly $50 million), comprised a mix of primary and secondary investments, enabling exit for some early investors. The proceeds will be utilized to drive innovation, enhance warehouse technology, improve automation, and expand its footprint with new facilities, Emiza said in a press release. Co-founded in 2015 by Ajay Rao and Jitendra Kumar, Emiza provides logistics and delivery management solutions for e-commerce businesses. It offers warehousing and fulfillment solutions and uses technology and processes to optimize and manage the storage and distribution of inventory. Emiza states that it has emerged as a key enabler in this ecosystem, delivering customized warehousing and fulfilment solutions that elevate customer experiences and drive operational excellence for its partners. The company has recorded 40% year-on-year growth to Rs 102 crore during the fiscal year ended March 2024. However, the profits for the firm dwindled to Rs 2.6 crore in FY24, compared to Rs 4.98 crore in FY23.

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