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Nazara raises Rs 495 Cr from Arpit Khandelwal and Mithun Sacheti-led Axana Estates

EntrackrEntrackr · 1y ago
Nazara raises Rs 495 Cr from Arpit Khandelwal and Mithun Sacheti-led Axana Estates
Medial

Nazara raises Rs 495 Cr from Arpit Khandelwal and Mithun Sacheti-led Axana Estates Nazara Technologies Limited has raised Rs 495 crore (nearly $60 million), led by Axana Estates LLP, whose designated partners include Arpit Khandelwal, founder and managing partner of Plutus Wealth Management LLP, and Mithun Sacheti, founder of Caratlane. This strategic partnership aims to propel Nazara toward global gaming leadership by leveraging the collective expertise and resources of its new investors alongside its existing promoters, Vikash and Nitish Mittersain. Post-investment, Axana Estates will acquire approximately a 5.40% stake in Nazara, subject to shareholder and regulatory approvals. Moreover, Plutus Wealth Management LLP and Axana Estates LLP, in collaboration with Persons Acting in Concert (PACs), have announced plans to launch a public open offer to acquire an additional 26% stake in Nazara Technologies Limited. The new investment will support the company's growth through strategic acquisitions and market expansion. The transaction also strengthens Nazara's mobile gaming portfolio with the acquisition of two popular mobile game IPs, 'CATS: Crash Arena' and 'King of Thieves,' from ZeptoLab for $7.7 million (Rs 67 crore). This move bolsters Nazara's position in the global mobile gaming market, with the titles to be published under the "Nazara Publishing" banner. In the September quarter (Q2 FY25), Nazara Technologies reported a 7.3% year-on-year increase in revenue to Rs 318.94 crore, while its profit grew by 10.85% to Rs 21.97 crore.

Sunfox Technologies raises Rs 15 Cr led by Venture Catalysts

EntrackrEntrackr · 1y ago
Sunfox Technologies raises Rs 15 Cr led by Venture Catalysts
Medial

Health-tech startup Sunfox Technologies has secured Rs 15 crore in a pre-Series A funding round led by Venture Catalysts along with participation from Finvolve through the IA Growth Opportunities Fund I and Brew Opportunities Fund, as well as Universal Group, RP Singhvi Group, and others. The company had previously raised Rs 5 crore investment from USAID through SAMRIDH Health and LetsVenture. It was also featured in Shark Tank India. The fresh funds will be used for expansion in India and globally and focus on scaling its flagship innovation Spandan, Sunfox stated in a press-release. Co-founded in 2016 by Rajat Jain, Arpit Jain, Saurabh Badola, Nitin Chandola, and Sabit Rawat, Sunfox is an R&D lab which aims to develop cutting-edge healthcare technologies for the digital world. Its flagship product Spandan is a smartphone-based portable ECG device that provides clinically accurate 12-lead ECG readings, empowering users to detect heart attacks and monitor cardiac health in real-time. The Dehradun-based claims that Spandan has been used by over 30,000 individuals across 20 countries and saved more than 10,000 lives through early detection of heart conditions. This technology is proving critical as India confronts a surge in heart attacks post-COVID-19. Sunfox has established an advanced in-house R&D and manufacturing facility in Dehradun and even captured global attention from prestigious institutions such as Oxford and Wharton.

growX makes 17X return on partial exit from Google-backed Pixxel

EntrackrEntrackr · 8m ago
growX makes 17X return on partial exit from Google-backed Pixxel
Medial

growX Ventures Fund has reported a partial exit from space tech firm Pixxel, marking the first liquidity event for its $25 million Fund I. The exit delivered a 17X return on invested capital and an internal rate of return (IRR) of 68% over a 5.5-year investment period. Despite this exit, growX retains a significant stake in Pixxel. Founded in 2019 by Awais Ahmed and Kshitij Khandelwal, Pixxel is developing a constellation of high-resolution hyperspectral imaging satellites for sectors like agriculture, mining, energy, and environmental monitoring. The startup has raised $95 million across nine funding rounds, with notable backers including GIC, Google, Radical Ventures, and Seraphim Capital. A commercial rollout is slated for later this year, with the launch of the initial six-satellite constellation. Launched in 2019, growX Fund I focuses on early-stage B2B tech startups across sectors such as deep tech, fintech, SaaS, healthtech, and space tech. It holds positions in companies like Bellatrix Aerospace, Progcap, Zuddl, and Lightspeed Photonics.

Deep-tech startup AquaAirX raises Rs 12.5 Cr in seed round led by Rainmatter

EntrackrEntrackr · 3d ago
Deep-tech startup AquaAirX raises Rs 12.5 Cr in seed round led by Rainmatter
Medial

Deep-tech startup AquaAirX has raised Rs 12.5 crore in a seed funding round led by Rainmatter, the investment arm of Zerodha, founded by Nithin Kamath. The round also saw participation from Prime Venture Partners, Wyser, and India Accelerator. The proceeds will be used to strengthen the company’s core technology, including system autonomy, air-to-water transition reliability, sensing and communication capabilities, and to expand its engineering and research teams across robotics, autonomy, controls, and embedded systems, AquaAirX said in a press release. Co-founded in 2024 by Jitendra Kumar Purnmal Saini and Gouthami T S, AquaAirX is a deep-tech startup building next-generation autonomous amphibious and underwater robotic systems for defence and high-value commercial applications. The company develops amphibious drones capable of seamless transitions between aerial flight and submerged operations, along with a proprietary Hovering Autonomous Underwater Vehicle (HAUV) platform. In addition to its amphibious drone platform, AquaAirX is developing the HAUV for precise underwater inspection, monitoring, and intervention, targeting defence and high-value commercial use cases. According to the Bengaluru-based startup, it combines advanced autonomy, robotics, and mission-centric design to address critical gaps in maritime intelligence, surveillance, and reconnaissance, enabling safer, faster, and more cost-effective operations. The company works closely with defence and strategic partners and aligns with India’s vision for indigenous, future-ready defence technologies. Looking ahead, AquaAirX plans to deepen collaborations with Indian and international defence partners, scale up large-scale trials, and prepare for manufacturing, with the goal of entering defence and commercial markets by 2027. Over the past 12 months, the company has achieved Technology Readiness Level (TRL) 6 for its flagship amphibious platform.

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