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Exclusive: R for Rabbit to raise $27 Mn in primary and secondary capital

EntrackrEntrackr · 1m ago
Exclusive: R for Rabbit to raise $27 Mn in primary and secondary capital
Medial

Exclusive: R for Rabbit to raise $27 Mn in primary and secondary capital D2C baby products brand R for Rabbit is raising Rs 110 crore (around $13 million) primary capital in a Series B round led by Filter Capital, with participation from 3one4 Capital. As per the company’s regulatory filings sourced via the Registrar of Companies, the board passed a special resolution to issue 1,839 Series B CCPS at an issue price of Rs 5,98,202 per share to raise the above sum. Filter Capital will lead the primary round with an infusion of Rs 70 crore, while 3one4 Capital will chip in with Rs 40 crore in the new round. Alongside the primary round, the company also facilitated a secondary transaction, enabling early investor Xponentia Capital to fully exit with Rs 120 crore, according to regulatory filings reviewed by Entrackr. The exit was led by 3one4 Capital. As per estimates, Xponentia earned a 3X return on its investment in 2021. Prior to the Series B round, R for Rabbit has secured a total of Rs 40 crore from Xponentia Capital partners. In 2023, Negen Capital also invested in the direct-to-customer baby care brand. R for Rabbit declined to comment on the story, while queries sent to 3one4 Capital remained unanswered at the time of publishing. The company will use the funds for the expansion of the business, the filing further added. According to Entrackr’s estimates, R for Rabbit has been valued at approximately Rs 850 crore ($100 million) post-money. Post this round, 3one4 Capital has emerged as the largest external stakeholder with a 14.12% stake, followed by Filter Capital at 10.6%. Co-founders Kunal and Kinjal Popat collectively retain 69.2%. Founded by husband-wife duo Kunal and Kinjal Popat, R for Rabbit caters to the baby products segment with a wide range of offerings, including strollers, car seats, high chairs, and more. According to its website, the company has more than 2,000 offline channel partners and has a customer base of more than 5 million parents. While R for Rabbit has yet to file its FY25 number, its revenue from operations grew 31% year-on-year to Rs 170 crore, with net profits of Rs 2.21 crore during the fiscal year ended March 2024 (FY24).

R for Rabbit raises $27 Mn led by Filter Capital and 3one4 Capital

EntrackrEntrackr · 2d ago
R for Rabbit raises $27 Mn led by Filter Capital and 3one4 Capital
Medial

R for Rabbit raises $27 Mn led by Filter Capital and 3one4 Capital The proceeds will be used to fuel growth, strengthen omnichannel distribution, enhance product innovation, and expand digital initiatives, R for Rabbit said in a press release. Direct-to-consumer (D2C) baby products brand R for Rabbit has raised a $27 million round co-led by growth investment firm Filter Capital and early-stage venture capital firm 3one4 Capital. The round, comprising primary capital infusion and a secondary share sale, marked the exit of early backer Xponentia Capital, a private equity firm that had invested about $4.5 million in the firm in 2021. Co-founded by husband-wife duo Kunal and Kinjal Popat, R for Rabbit caters to the baby products segment with a wide range of offerings, including strollers, car seats, high chairs, and more. The company has more than 2,000 offline channel partners and has a customer base of more than 5 million parents. “India’s babycare industry is on a strong upward curve. With rising disposable incomes and discerning parents seeking uncompromised safety and quality, the market is ripe for brands that can deliver on those expectations,” said Kunal Popat, co-founder & CEO of R for Rabbit. The brand claims to have recorded a revenue compound annual growth rate of over 35% since FY21, with its annual run rate (ARR) for FY25 surpassing $30 million. While R for Rabbit has yet to file its FY25 numbers, its revenue from operations grew 31% year-on-year to Rs 170 crore in FY25, with the net profits of Rs 2.21 crore during the fiscal year.

Pravin Jadhav-led Raise Financials acquires Filter Coffee

EntrackrEntrackr · 6m ago
Pravin Jadhav-led Raise Financials acquires Filter Coffee
Medial

Pravin Jadhav-led Raise Financials acquires Filter Coffee Raise Financial Services has acquired Filter Coffee, a new-age financial media startup. The latter will join the Raise Financial ecosystem, which also includes the upskilling platform Valuationary and the stockbroking app Moneylicious. “We are excited to welcome Filter Coffee and Tanvi to the Raise ecosystem. Filter Coffee is a trusted brand with a unique voice that resonates with India’s emerging investor class. We look forward to supporting their growth journey,” said Pravin Jadhav, founder and CEO of Raise Financial Services. Founded by Tanvi Raut Dessai, Filter Coffee, which boasts a subscriber base of over 20,000, provides business and financial insights. With Raise, Filter Coffee will expand its content across short-form videos and long-form storytelling, delivering fresh perspectives on India’s financial markets. The details of the transaction couldn’t be ascertained. Entrackr has reached out to Raise for more details. Raise Financial’s stockbroking app Dhan recently entered the top 10 list of stockbroking apps in India, surpassing Paytm Money. It’s worth highlighting that Jadhav was the Managing Director and CEO of Paytm Money before resigning in March 2020. As per media reports, Dhan is in talks to raise a large funding round. The company last raised $22 million in January 2022. BEENEXT, Mirae Asset, 3one4 Capital, and Rocketship.vc are its major investors.

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