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Decoding Auxiloโ€™s latest funding round, captable and valuation

EntrackrEntrackr ยท 11m ago
Decoding Auxiloโ€™s latest funding round, captable and valuation
Medial

Education-focused non banking financial corporation (NBFC) Auxilo recently announced its Rs 279 crore or $33.6 million equity funding in LeapFrog through its investment vehicle Jade Inclusion Ltd. Apart from the names of the investors, the company did not disclose any details. Entrackr has gone through its regulatory filings to decode details such as round break up, shareholding, and current valuation. The board at Auxilo has passed a special resolution to allot 4,80,78,529 compulsory convertible preference shares (CCPs) at an issue price of Rs 58.04 each to raise Rs 279 crore or $33.6 million, its regulatory filing sourced from the Registrar of Companies shows. LeapFrog led the round with Rs 250 crore while Trifecta and Xponentia Opportunities Fund II pumped in Rs 14.25 crore and Rs 14.79 crore. respectively. According to the filings, the company will use the proceeds to meet its future capital requirements arising out of the growth of business and assets. As per TheKredible estimates, the company has been valued at around Rs 3124 crore or $376 million post-allotment. Following the proceeds, Balrampur Chini Mills (owned by Vivek Saraogi) and Elme Advisors will be the largest external stakeholders with 30.7% each followed by Tata Capital and ICICI Bank which hold 09.61% and 8.49% respectively. Check TheKredible for the complete shareholding. Auxilo has raised around $145 million across equity and debt since its inception including its $57 million funding round led by Tata Capital Growth in July last year. Soon after the equity funding, the company also raised $12 million debt led by Dezerv Securities early this week. Entrackr exclusively reported the development. Established in 2017, Auxilo offers student loans for pursuing education within India or abroad. It also extends loans to educational institutions for infrastructure and working capital requirements. The New Delhi-based company demonstrated strong financial performance, achieving over 2X year-on-year growth to reach Rs 174 crore in FY23. Moreover, its profits doubled to Rs 26 crore in FY23. The company is yet to file its annual results for FY24. LeapFrog mainly focuses on financial, health, and climate tech startups. Apart from Auxilo, the fund led Battery Smartโ€™s $65 million Series B round and $48 million round of Electronica Finance.

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Decoding Geniemodeโ€™s Series C funding round, latest valuation and captable

EntrackrEntrackr ยท 3m ago
Decoding Geniemodeโ€™s Series C funding round, latest valuation and captable
Medial

Decoding Geniemodeโ€™s Series C funding round, latest valuation and captable Geniemode, a business-to-business cross-border e-commerce startup, recently announced $50 million in its Series C round led by Multiples Equity, with participation from Fundamentum, Paramark Ventures, and existing investor Info Edge Ventures. Entrackr has gone through its regulatory filings to decode the round break up, captable, and current valuation. The board of Geniemode has passed a special resolution to issue 5,601 Series C compulsory convertible preference shares at an issue price of Rs 6,60,430 each, raising Rs 370 crore. Additionally, the company has issued 667 partially paid-up equity shares worth Rs 44 crore to its co-founders, bringing the total amount to Rs 414 crore, its regulatory filing accessed from RoC shows. Multiples Equity led the funding round with an investment of Rs 223 crore ($26.2 million), followed by Fundamentum and Paramark Ventures, which contributed Rs 88 crore ($10.3 million) and Rs 36.7 crore ($4.3 million), respectively. Existing investor Info Edge also participated, investing Rs 22 crore ($2.6 million). According to Fintrackrโ€™s estimates, the companyโ€™s post-money valuation has now reached Rs 1,800 crore or $212 million. Previously, it was valued at $160 million when it raised $28 million in a Series B round led by Tiger Global in April 2022. According to the data intelligence platform TheKredible, post-allotment co-founder Amit Sharma will hold 27.35% stake, existing investor Info Edge will be the largest external shareholder in the company with 23.2% stake in the company followed by new investor Multiples Equity holding 12.39% stake. See TheKredible for the complete shareholding pattern. Founded by Amit Sharma and Tanuj Gangwani, Geniemode is a B2B cross-border e-commerce startup specializing in furniture, home textiles, apparel, and accessories. It connects buyers with the right suppliers, streamlining the process from sample approval to shipping. Operating in more than 10 countries, Geniemode serves over 200 global buyers and suppliers. With offices in New York, London, Barcelona, China, Bangladesh, and India, it enables brands to source products internationally. For the fiscal year ending FY24, the Gurugram-based company reported a surge of over 2.6X in operating revenue to Rs 556 crore, while reducing losses marginally to Rs 77.62 crore.

Decoding ProcMartโ€™s Series B round, captable and valuation

EntrackrEntrackr ยท 1y ago
Decoding ProcMartโ€™s Series B round, captable and valuation
Medial

B2B procurement marketplace ProcMart Mobility recently announced its $30 million Series B fundraising led by Fundamentum and Edelweiss Discovery Fund. While the Noida-based company did not disclose more details of the round, Entrackr sifted through its regulatory filings to decode the round break-up, captable, and exact valuation. The board at ProcMart has passed a special resolution to allot 33,521 Series B CCPS at an issue price of Rs 73,388.82 each to raise Rs 246 crore or $30 million, its regulatory filing accessed from the Registrar of Companies shows. Fundamentum led the round with Rs 102.5 crore while Edelweiss Discovery Fund and Paramark KB Fund pumped in Rs 86.1 crore and Rs 57.4 crore respectively. As per TheKredible estimates, the company has been valued at around Rs 724 crore or $88 million (post-money). Following the fresh proceeds, Sixth Sense Ventures is the largest external stakeholder with 21.16% followed by IndiaMART which holds 12.85% of the company. Its founder and chief executive officer (CEO) Anish Popli commands a 29.45% stake in the company after the Series B round. Head to TheKredible for the detailed captable. Founded in 2015, ProcMart provides supply chain solutions and infrastructure to businesses including services such as purchase order management, contract administration, master data management, e-catalog management, and market intelligence. ProcMart claims to have been growing 100% Y-o-Y and profitable over the last three years. During FY23, it registered Rs 206 crore in gross revenue with Rs 1.68 crore profit. The company is yet to file its financial results for FY24. It directly or indirectly competes with Moglix, Infra.Market, Zetwerk, Ofbusiness, and IndustryBuying.

Decoding Snabbitโ€™s Series B round, valuation and captable

EntrackrEntrackr ยท 1m ago
Decoding Snabbitโ€™s Series B round, valuation and captable
Medial

url: https://entrackr.com/fintrackr/decoding-snabbits-series-b-round-valuation-and-captable-9331453 Content: Quick service platform Snabbit recently announced its $19 million Series B round led by Lightspeed with the participation of existing investors Nexus Venture Partners and Elevation Capital. The board of Snabbit is set to approve the allotment of 65,165 Series B compulsory convertible preference shares at an issue price of Rs 24,914.93 each, to raise Rs 162.35 crore (approximately $19 million), its regulatory filing accessed from Registrar of Companies (RoC) shows. Lightspeed is expected to invest Rs 94 crore ($11 million), while existing investors Nexus Venture Partners and Elevation Capital will contribute Rs 34.18 crore ($4 million) each. According to Entrackrโ€™s estimates, Snabbit will be valued at Rs 684 crore (around $80 million), a 3.5X increase from its $23 million valuation in the previous Series A round. Founded in 2024 by Aayush Agarwal, Snabbit connects households with trained professionals for on-demand home services like cleaning, dishwashing, and laundry. Experts can be booked by the hour and arrive within 10 minutes. The platform currently hosts over 600 professionals, doubling monthly, according to Agarwal. Following the allotment of the new round, Nexus Venture Partners and Elevation Capital will hold 23.69% and 19.92% stake, respectively, while new investor Lightspeed will own 13.75%. Founder Aayush Agarwal will retain a 36.08% stake in the company. The Mumbai-based company has raised over $25 million across 3 rounds including $5.5 million in Series A round led by Elevation and Nexus earlier this year. Snabbit directly competes with the industry leader Urban Company which recently filed its Draft Red Herring Prospectus (DRHP) with SEBI for a Rs 1,900 crore initial public offer (IPO) and also entered into quick commerce with the launch of 15-minute maid booking service, โ€œInsta Helpโ€. Snabbit also competes with another 10-minute house help service startup, Pronto which raised $2 million from Bain Capital at a valuation of $12.5 million.

Decoding SpotDraftโ€™s Series B funding round, latest valuation and captable

EntrackrEntrackr ยท 3m ago
Decoding SpotDraftโ€™s Series B funding round, latest valuation and captable
Medial

SpotDraft, a contract lifecycle management (CLM) platform, has recently raised $54 million in its Series B round led by Vertex Growth Singapore and Trident Partners with the participation of Prosus, Premji Invest, Arkam Ventures, Volrado Venture Partners, and others. SpotDraft secured $26 million in its Series A funding round in March 2023. Entrackr has gone through its regulatory filings to decode the round breakup, captable, and current valuation. The board at SpotDraft allotted 1,39,025 Series B compulsory convertible preference shares at an issue price of Rs 33,938 each to raise Rs 472 crore ($54-55 million). The Series B round commenced in December 2024 with an initial investment of Rs 50.5 crore from Xeed Ventures through 021 Capital, Premji Invest, and Arkam Ventures through Unitary Fund. The remaining funds were secured in March 2025. Vertex Growth led the funding round with an investment of Rs 126 crore ($14.8 million), followed by Trident Partners and Prosus, which contributed Rs 109.6 crore ($12.9 million) and Rs 73.2 crore ($8.6 million), respectively. Other notable investors included Premji Invest (Rs 37.6 crore), Arkam Ventures (Rs 34 crore), and Xeed Ventures (Rs 33.6 crore), Volrado Venture Partners (Rs 25 crore). As per Fintrackrโ€™s estimates, the companyโ€™s post-money valuation has now reached $190-$200 million. According to startup data intelligence platform TheKredible, the Bengaluru-based company has raised nearly $98.5 million to date. Following the allotment of the Series B round, Xeed Ventures emerged as the largest shareholder with a 15.8% stake in the company. It is followed by Arkam Ventures (10.27%), Premji Invest (10.24%). Co-founder Shashank Bijapur holds a 9.08% stake in the company. Founded in 2017, SpotDraft is an AI-powered contract lifecycle management (CLM) platform designed for in-house legal teams. It streamlines every stage of the contracting process, offering features such as AI-assisted redlining, e-signatures, an intelligent contract repository, third-party document handling, clickwrap agreements, and more. Spotdraft competes with other legaltech startups like Legistify, Leegality, Sirion, Vakilsearch, and others. SpotDraftโ€™s revenue from operations grew threefold in FY24 to Rs 60 crore from Rs 20 crore in FY23, while its losses remained flat at Rs 68 crore during the same period.

Decoding Easebuzzโ€™s Series A round, valuation and captable

EntrackrEntrackr ยท 2m ago
Decoding Easebuzzโ€™s Series A round, valuation and captable
Medial

Decoding Easebuzzโ€™s Series A round, valuation and captable Digital payments company Easebuzz has raised Rs 240 crore (approximately $28.2 million) in its Series A round including Rs 200 crore ($23.5 million) in primary capital and Rs 40 crore ($4.7 million) in secondary capital. The board at Easebuzz allotted 2,53,285 Series A CCPS and 7 equity shares at an issue price of Rs 7,896 per share to raise Rs 200 crore, its regulatory filing sourced from the Registrar of Companies (RoC) shows. This is the second funding round for the Pune-based company, before this, it raised $4 million in its seed round led by 8i Ventures, Varanium Capital, and Guild Capital. In the primary capital, Bessemer Venture Partners led the funding round with an investment of Rs 141.28 crore ($16.6 million), followed by existing investors Varanium Capital and 8i Ventures, who each contributed Rs 27 crore. Reed India Consulting also participated with an investment of Rs 4.7 crore. The proceeds will support business expansion, strengthen market presence, and fund investments in secure, scalable technology. They will also boost working capital, support marketing for customer growth and brand awareness, and address strategic corporate needsโ€”driving long-term growth and innovation in the digital payments sector. According to Entrackrโ€™s estimates, the company is expected to be valued at around $195โ€“$200 million post-allotment, a significant jump from its approximate $12 million valuation during the seed round. Easebuzz has raised $34 million to date. According to startup data intelligence platform TheKredible, 8i Ventures is the largest external shareholder with a 10.88% stake followed by Varanium Capital and Bessemer Venture Partners with 8.48% and 8.47%, respectively. Co-founder and MD of the company, Rohit Prasad holds a 27.84% stake. Notably, these shareholding percentages will change a bit following the secondary transaction disclosure. Founded in 2024, Easebuzz has established itself in the payment gateway space by catering specifically to small and medium-sized enterprises (SMEs). The company offers a comprehensive suite of plug-and-play APIs that facilitate seamless payment processing, disbursements, and financial operations. On a year-on-year basis, the company reported a 24% increase in its operating revenue to Rs 290 crore, while posting a profit of Rs 37.73 lakh during the same period. The platform also processed a Gross Transaction Value (GTV) of more than Rs 1,00,000 crore during the same period, according to the company. Easebuzz competes with some major players in the payment processing space including Razorpay, Cashfree Payments, Paytm, and PhonePe, among others.

Decoding SarvaGramโ€™s Series D round, valuation and captable

EntrackrEntrackr ยท 1m ago
Decoding SarvaGramโ€™s Series D round, valuation and captable
Medial

SarvaGram raises Rs 565 Cr ($67 Mn) in Series D round led by Peak XV, with the participation from existing investors Elevation, Elevar, Temasek, and TVS Capital. Rural-focused credit startup SarvaGram announced its Rs 565 crore (approximately $67 million) Series D funding round led by Peak XV Partners, along with the participation of existing investors Elevation Capital, Elevar Equity, Temasek, and TVS Capital. Entrackr has gone through its regulatory filing to decode the details such as round breakup, shareholding, and current valuation. In November last year, SarvaGramโ€™s board approved the allotment of 21,857 Series D CCPS and 20 equity shares at a price of Rs 2,51,431.22 each to raise Rs 550 crore (approximately $65.2 million). With the prior Rs 15 crore allotment, the total funding round stood at Rs 565 crore ($67 million), as per filings with the Registrar of Companies (RoC). Peak XV Partners spearheaded the round with an investment of Rs 340 crore ($40.3 million), followed by existing backers Elevation Capital and Elevar Equity, who contributed Rs 80.76 crore ($9.58 million) and Rs 68 crore ($8 million), respectively. Temasek and TVS Capital participated with Rs 45.48 crore ($5.4 million) and Rs 30.78 crore ($3.6 million). According to Entrackrโ€™s estimates, SarvaGramโ€™s valuation soared 2X to Rs 1,785 crore ($212 million), which stood at Rs 790 crore ($94 million) during its previous $35 million Series C round. Founded in 2019 by Utpal Isser and Sameer Mishra, SarvaGram offers a range of credit products to rural households, including business, farm, personal, home, and gold loans. The company also provides insurance and farm mechanization services through its SarvaMitra network, giving rural users affordable access to high-quality equipment such as cultivators, rotavators, and harvesters. According to the companyโ€™s website, it has served over 1.5 lakh households and more than 170 shops, along with 630+ SarvaMitra franchises spread across over 38,000 villages. According to startup data platform TheKredible, SarvaGram has raised over $116 million across multiple funding rounds. Following the latest injection, Elevar Equity is the largest external stakeholder with 23.78%, followed by Peak XV Partners and Elevation Capital, which command 19.05% and 18.40% respectively. Co-founders Utpal Isser and Sameer Mishra retain 11.00% and 7.05% stakes in the company. The Pune-based fintech company reported 2.3X year-on-year growth in its operating revenue to Rs 170 crore during the fiscal year ended March 2024, while it managed to narrow its losses by 30% to Rs 19.75 crore during the same period. SarvaGram competes with Jai Kisan, which last raised $50 million in a Series B round in July 2022. Another rival, agri-fintech startup Arya.ag, secured $30 million in debt funding in January.

Decoding Magenta Mobility's Series A round, captable and valuation

EntrackrEntrackr ยท 1y ago
Decoding Magenta Mobility's Series A round, captable and valuation
Medial

Electric mobility solutions provider Magenta Mobility recently announced $22 million fundraise as part of a series A1 round from bp Ventures, the venture capital arm of energy conglomerate bp and North Haven India Fund, which is managed by Morgan Stanley India. While the Mumbai-based company did not disclose more details of the round, Entrackr has sifted through its regulatory filings to decode the round break-up, captable, and exact valuation. The board at Magenta passed a special resolution to issue 11,753 Series A1 CCPS at an issue price of Rs 1,34,701 per share to raise Rs 158.4 crore or $20 million, its regulatory filing sourced from the Registrar of Companies shows. BP Technology put in Rs 88 crore while North Haven Fund pumped in Rs 70.4 crore during the Series A1 round. According to data intelligence platform TheKredible, the company has been valued at Rs 458 crore or $56 million (post-allotment). As per TheKredible, Bp Technologies, and North Haven are the largest stakeholders with 19.2% each followed by JITO investors and HCPL, which command 4.5% and 1.3% shares, respectively. Company co-founders Maxson Lewis and Darryl Dias collectively own 30% of the company. Founded in 2018, Magenta operates a fleet of 1,200 electric vehicles specializing in last-mile delivery services across seven citiesโ€”Bengaluru, Delhi, Mumbai, Hyderabad, Gurugram, Mysuru, and Noida. The company caters to Amazon, Flipkart and other organizations in e-commerce, food and online delivery segments. Magenta Mobility has set a goal to increase the number of electric vehicles on the platform to 10,000 by 2024. Magenta has a partnership with EV maker Euler Motors and the duo extended their partnership with a new order of 2,000 HiLoad EVs. Magentaโ€™s operating revenue jumped 2x to Rs 11.85 crore in FY23 from Rs 5.59 crore in FY22. During the period, the companyโ€™s losses saw a three-fold jump to Rs 39.65 crore from Rs 13.66 crore.

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