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Edtech company Veranda to tap market for fresh funding in ongoing round

VCCircle

VCCircle · 1y ago

Edtech company Veranda to tap market for fresh funding in ongoing round

Edtech company, Veranda Learning Solutions Ltd, is currently in discussions with multiple investors to secure additional equity capital in their ongoing fundraising round. They have already raised a significant amount of debt in this round. Veranda, which is publicly listed, plans to use the funds for expansion and further development of its education-focused solutions.

Related News

BharatPe in talks to raise $100 million in equity round

Economic Times

Economic Times · 1y ago

BharatPe in talks to raise $100 million in equity round

New Delhi fintech startup BharatPe is in talks with existing investors to secure $100 million in fresh equity funding and is also seeking a new investor. Despite ongoing top-level talent departures, the company remains focused on profitability and preparing for an IPO. However, the funding round is expected to be negotiated at a lower valuation than the previous one in 2021 when BharatPe was valued at $3 billion. The company is considering a valuation of around $2 billion in this round to attract fresh capital and fuel its growth plans.

Captain Fresh snags additional $25 mn under ongoing Series C round

VCCircle

VCCircle · 1y ago

Captain Fresh snags additional $25 mn under ongoing Series C round

Indian B2B seafood provider Captain Fresh has raised $25m in an ongoing Series C funding round. The funds were secured from Nekkanti Seafoods Group, British International Investment, and several family offices. Captain Fresh has also acquired French shrimp distributor Senecrus as part of its EU expansion plans. The company aims to strengthen its distribution presence in the region through further acquisitions and joint ventures. Captain Fresh previously raised $20m in September 2023 and $50m in its initial Series C funding round in 2022. The latest funds will be used to improve distribution in the US and Europe.

Listed education company Veranda Learning raises Rs 425 crore debt from BPEA Credit

IndianStartupNews

IndianStartupNews · 1y ago

Listed education company Veranda Learning raises Rs 425 crore debt from BPEA Credit

Veranda Learning, an education company offering competitive exam preparation and professional skilling programs, has raised Rs 425 crore through NCDs. The funds will be used for acquisitions, refinancing debts, and enhancing working capital. Veranda aims to dominate the education sector and sees this funding as instrumental in achieving strategic expansion goals. BPEA Credit's investment is a significant endorsement, and Anand Rathi Advisors highlights the attractiveness of the education sector for investors. Veranda has a successful acquisition strategy, with over Rs 1,000 crore invested and substantial revenue growth. Founded in 2018, Veranda offers a comprehensive educational ecosystem leveraging technology and personalization.

Byju’s to rebrand WhiteHat Jr as Byju's Future School, fully merge operations with itself

Money Control

Money Control · 1y ago

Byju’s to rebrand WhiteHat Jr as Byju's Future School, fully merge operations with itself

Edtech giant Byju's is planning to rebrand its subsidiary, WhiteHat Jr, as "Byju's Future School" and fully integrate its assets into other business verticals. The move aims to reduce costs and address the subsidiary's high expenses, including marketing and employee benefits. Byju's acquired WhiteHat Jr for $300 million in 2020 and has since infused over $100 million into the company. The rebranding coincides with Byju's ongoing efforts to conserve cash and repay its term loan. The company is also considering selling assets and raising fresh equity funding.

Fixed asset investment platform Tap Invest secures $2 million funding

Economic Times

Economic Times · 1y ago

Fixed asset investment platform Tap Invest secures $2 million funding

Tap Invest, a fixed asset investment platform, has raised $2 million in its seed round of funding. The funding was led by Snow Leopard Ventures and included participation from angel investors such as Kunal Shah, founder of Cred. Tap Invest offers fixed income investment opportunities, allowing investors to participate in asset leasing and invoice discounting. The company plans to use the funds to expand its market presence, pursue growth, and diversify its range of services in the debt investment space.

PE-backed IKF Finance raising fresh capital as valuation jumps, taps new investor

VCCircle

VCCircle · 3m ago

PE-backed IKF Finance raising fresh capital as valuation jumps, taps new investor

IKF Finance Ltd, a non-bank lender supported by Motilal Oswal Alternates, is raising fresh capital in a new funding round aimed at increasing its valuation and introducing at least one new investor. Specializing in vehicle finance, IKF Finance's move to secure additional funding reflects its strategic expansion and growth efforts. Details of this fundraising plan indicate the firm's ongoing commitment to strengthening its financial position amidst a dynamic market environment.

Veranda Learning promoters trim their 17% stake, Goldman Sachs and Authum step in

Entrackr

Entrackr · 1d ago

Veranda Learning promoters trim their 17% stake, Goldman Sachs and Authum step in

Veranda Learning promoters trim their 17% stake, Goldman Sachs and Authum step in Edtech company Veranda Learning witnessed significant block deal activity on Tuesday, with a mix of institutional buying and promoters’ stake sales shaping the trade. Authum Investment & Infrastructure, a non-banking finance company with exposure to capital markets, emerged as the biggest buyer, picking up 58 lakh shares worth Rs 133.5 crore. Global investment bank Goldman Sachs (Singapore) also joined the buy-side, acquiring 7.6 lakh shares worth Rs 17.5 crore. On the selling side, promoters K S Ganesh, K S Suresh, and K S Aghoram offloaded 22 lakh shares each, accounting for nearly 17% of the promoters’ holding. These transactions were executed at an average price of around Rs 230 per share, aggregating to Rs 152 crore. Veranda Learning reported 17% year-on-year growth in its operating revenue to Rs 139 crore in the first quarter of FY26. Meanwhile, the company recorded a profit of Rs 6 crore in Q1 FY26 as compared to a loss of Rs 26 crore in Q1 FY25. The company’s total market capitalization stands at Rs 2,155 crore (approx $245 Mn).

PE-backed wellness brand Kapiva looks to raise Series D funding

VCCircle

VCCircle · 4m ago

Ayurvedic wellness brand Kapiva, operated by Adret Retail Pvt Ltd, is seeking Series D funding. The company, looking to raise a fresh round of equity funding, may provide an exit for one of its early backers. Kapiva is currently in discussions with new institutional investors to facilitate this funding round. This strategic move aims to support the brand's growth and expand its wellness product offerings within the market.

Hornbill Orchid in talks to lead PhysicsWallah's $150-million funding at $2.8 billion valuation

Economic Times

Economic Times · 11m ago

Hornbill Orchid in talks to lead PhysicsWallah's $150-million funding at $2.8 billion valuation

Edtech unicorn, PhysicsWallah, is concluding a $150 million funding round led by Hornbill Orchid, which values the company at $2.8 billion. Hornbill Orchid is likely to contribute $70-80 million, with additional funding expected from Lightspeed, a venture capital firm that has previously backed Byju's. This will be the second funding round for PhysicsWallah, which provides coaching for engineering and medical entrance tests. This funding round is one of the first large primary capital raises in the edtech sector recently and indicates a rebound in the sector's funding activity.

iD Fresh appoints FMCG veteran Rajat Diwaker as India CEO, PC Musthafa takes on a global role

Inc42 · 1y ago

iD Fresh appoints FMCG veteran Rajat Diwaker as India CEO, PC Musthafa takes on a global role

iD Fresh Food, a Bengaluru-based ready-to-cook products maker, has appointed Rajat Diwaker, an FMCG executive with Marico, as its new CEO for India. Meanwhile, co-founder PC Musthafa will assume the position of global CEO as the company plans to expand globally and enter markets such as Singapore and Australia in 2024. iD Fresh aims to appoint business heads and CEOs for each international market, including the hiring of a CEO for the US market. The company recently raised $68 million in a Series D funding round.

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