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Exclusive: MediBuddy To Raise $8.4 Mn Debt Funding To Fuel Expansion Plans
Inc42
·
1y ago
Medial
MediBuddy, a healthcare startup, is planning to raise fresh debt from existing investors such as Innoven Capital and Atleria Capital. The company intends to acquire businesses in sectors such as women's health, mental health, diabetes, and chronic disease management. This latest investment will bring the startup's total debt and equity funding to approximately $218 million.
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Exclusive: BlueStone To Raise $9 Mn Debt Funding From Trifecta Capital
Inc42
·
1y ago
Medial
BlueStone, an omnichannel jewelry startup, is raising $9 million in debt from venture capital firm Trifecta Capital. The funding will be used for business operations and expansion plans. BlueStone aims to go public and raise approximately INR 2,000 crore through its initial public offering (IPO). The startup offers over 8,000 jewelry designs and competes with CaratLane, Melorra, and GIVA in the market. Its net loss, excluding one-time expenses, increased by 183% to INR 167 crore in FY23, while operating revenue rose by 67% to INR 771 crore.
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BlueStone To Raise $16.5 Mn From Innoven Capital, Others
Inc42
·
1y ago
Medial
Omnichannel jewelry startup BlueStone is seeking to raise about $16.5 million in a combination of debt and equity funding. The debt portion, estimated at around $12 million, will be raised from Innoven Capital, while the equity portion of about $4.5 million will come from investors like Ashwin Kedia and Sankar Bora. BlueStone plans to use the funds to support its operations and expansion plans. This follows the recent debt funding of $9 million that the startup received from Trifecta Capital. BlueStone is also reportedly considering a public listing and aims to raise about $265 million through its proposed IPO.
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Exclusive: Construction Unicorn Infra.Market Looks To Raise $60 Mn Debt
Inc42
·
1y ago
Medial
Mumbai-based construction startup Infra.Market plans to raise around $60 million (INR 500 crore) in debt over the next two months. The company aims to secure working capital ahead of this year. This announcement follows Infra.Market's recent debt funding of $12 million from SK Finance and Kairus Dadachanji. In FY23, the startup achieved sales of INR 11,846.5 crore, a 90% increase from the previous year, but saw a 17% drop in net profit to INR 155.2 crore. With a valuation of $2.5 billion, Infra.Market has raised over $600 million in funding so far.
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Exclusive: Wingreens Farms To Raise $4.3 Mn Debt Funding
Inc42
·
1y ago
Medial
Packaged food startup Wingreens Farms is currently in the midst of raising a $10 million funding round, with a portion of the funds already secured. In the fiscal year 2023, the company experienced a nearly doubled net loss of ₹180 crore ($24 million) but also saw a 50% increase in operating revenue, reaching ₹307 crore ($41 million). Wingreens Farms plans to raise $4.3 million (₹36.2 crore) in debt funding from various investors. They are offering 957,216 compulsory convertible debentures to investors such as S Gupta Family Investments, Saket Agarwal, Reena Singhal, and Sanjeev Agarwal.
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MediBuddy raises $18 million in funding from existing investors
Money Control
·
1y ago
Medial
Healthtech platform MediBuddy has secured an additional $18 million in funding from existing investors including Quadria Capital, Lightrock, and TEAMFund. The funds will be used for growth and expansion through acquisitions. MediBuddy offers users access to specialist doctors via video calls, along with services like medicine delivery, lab tests, and mental health support. The company serves over 35,000 users daily and has an existing customer base of about three crore Indians. It has previously acquired online medical consultation platform Clinix and Aetna Inc's v Health by Aetna business. The company has raised approximately $191 million in equity and venture debt funding so far.
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Exclusive: Bloom Hotels to raise $9 Mn in new round
Entrackr
·
2m ago
Medial
Exclusive: Bloom Hotels to raise $9 Mn in new round Delhi-based hospitality chain Bloom Hotels is set to raise Rs 77.7 crore (around $9 million) in its first funding round of 2025, with participation from Samena Capital Limited and Ikonika Holdings. Bloom Hotels' board has approved a special resolution to issue 7.77 crore compulsory convertible preference shares to raise the said amount, according to its filing with the Registrar of Companies (RoC). The proceeds will be used to fuel the company’s growth and expansion plans, the filing added. The hospitality company operates hotel brands such as Bloom Hotel, Bloom Hub, BloomSuites, and Bloomrooms. Currently, it has over 50 hotels across cities including Mumbai, Pune, Udaipur, Jaipur, and the NCR. The company has already secured around Rs 362 crore (approximately $45 million) from Samena Capital, which now holds a majority stake in the hospitality chain. Bloom Hotels is yet to file its financials for FY25. However, the company has witnessed over 5X growth in the past two years, with revenue rising from Rs 49 crore in FY22 to Rs 250 crore in FY24. It also reported a net profit of Rs 14 crore for the fiscal year ended March 2024. It competes with Treebo Hotels and FabHotels, which posted operating revenues of Rs 88.6 crore and Rs 224 crore, respectively, in FY24. It also faces competition from newer players like Salt Stayz and larger brands such as Oyo, through its Sunday Hotels.
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Ola Electric raises ₹1,700 cr debt ahead of IPO
Inshorts
·
2m ago
Medial
Ola Electric has secured board approval to raise ₹1,700 crore via non-convertible debentures, marking its first major financial move post-IPO filing. The funds will fuel production expansion, R&D, and its Gigafactory in Tamil Nadu. This strategic debt raise boosts market confidence, preserves equity, and positions Ola to accelerate its EV dominance before the anticipated IPO.
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JUSTO Realfintech Bags $7 Mn To Expand Its Proptech Play
Inc42
·
11m ago
Medial
JUSTO Realfintech, a real estate technology company, has raised $7 million in a funding round. The funding includes $5 million in equity and $2 million in debt. The company plans to use the funds to fuel its growth and expand its market presence. JUSTO Realfintech offers solutions to help real estate developers boost sales growth, particularly for group housing projects. It was founded in 2019 by Pushpamitra Das and Rahul Pande.
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Exclusive: Waycool raises $12 Mn debt from Grand Anicut
Entrackr
·
10m ago
Medial
Waycool, the Chennai-based agriculture supply chain firm, has raised Rs 100 crore (about $12 million) in debt financing from Grand Anicut. This is the first major infusion in the company in the last two years. The board at 1,000 Series B6 debentures at an issue price of Rs 10,00,000 each to raise Rs 100 crore or $12 million, its regulatory filing accessed from the Registrar of Companies (RoC) shows. The debt carries a coupon rate (interest) of 18% per annum with a tenure of 18 months. The company plans to use the funds for ongoing business operations, according to the filings. This debt round is a significant breakthrough for Waycool, as the company has been struggling to raise an equity round. Founded by Karthik Jayaraman and Sanjay Dasari, Waycool buys fresh produce, including dairy products, from farmers and sells them to retailers and restaurants. It also runs private label brands and handles distribution for fast moving consumer goods or FMCG companies. Waycool has raised around $160 million in funding to date from Lightrock, International Finance Corporation, FMO, and 57 Stars, among others. It was also negotiating for more than $50 million which could have propelled its valuation in the range of $900 million to $1 billion. However, the talks did not go through. The firm was valued at $700 million in its last equity round. To cut costs, the firm also laid off 200 employees across departments as the company was eyeing profitability by July this year. Waycool registered 62% growth in its operating revenue to Rs 1,251 crore in FY23 whereas its losses surged by 89% to Rs 685 crore during the same period. It’s yet to file an annual report for FY24. The debt funding for Waycool highlights the scarcity of equity capital for agritech startups. Notably, three companies—Waycool, Dehaat, and Ninjacart—have been close to achieving unicorn status for the past couple of years. However, the sector has yet to produce its first unicorn. According to startup data intelligence platform TheKredible, agritech remains one of the least funded segments in 2024, with over 30 startups raising only $150 million by September. This follows a challenging trend, as last year saw just $178 million in agritech funding, a steep decline from $772 million in 2022 and $636 million in 2021. On Monday, agritech firm Greenikk shut down its operations due to operational challenges.
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A91 Partners invests $30 Mn in KaarTech
Entrackr
·
2y ago
Medial
A91 Partners, an investment firm, has invested $30 million in Kaar Technologies, a global digital transformation consulting firm. This funding will support Kaar Technologies in its expansion plans and enhancing its technological capabilities. The investment from A91 Partners is expected to fuel the growth of Kaar Technologies and further strengthen its position in the digital transformation market.
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