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News on Medial
Mars Growth to lead Meesho’s secondary round
The Arc Web
·
1y ago
Medial
Singapore's Mars Growth Capital is looking to acquire a stake in Meesho, an ecommerce platform. Through its Dragon Fund, Mars is expected to purchase the largest block of shares in the secondary deal. Existing investor, Peak XV Partners, is also planning to increase its stake through its growth fund. Other investors, including Meta, Venture Highway, and a group of angels, will sell their holdings in Meesho as part of the secondary round, which is estimated to be worth $200-250 million. Meesho reported profitability in Q3 2021, with a profit after tax of $7 million on revenues of $227 million.
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Mars Growth eyes Meesho’s secondary round
The Arc Web
·
1y ago
Medial
Singapore's Mars Growth Capital is in talks to acquire a stake in ecommerce platform Meesho. They are expected to purchase a significant number of shares in a secondary deal through their $500 million Dragon Fund. Existing investor Peak XV Partners (formerly Sequoia India) is also looking to increase their stake through their growth fund. Other investors, including Tiger Global, are considering investments as well. In the secondary round, Facebook parent Meta, Venture Highway, and several angels will sell their holdings in Meesho. The company reported profitability in the July-September quarter of last year, making it more attractive to new investors.
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Fibe seeks fresh funds, TR Capital to lead with $50 million infusion
Livemint
·
1y ago
Medial
Online lending platform, Fibe, is reportedly seeking a new funding round that includes both primary and secondary capital. TR Capital, a global fund specializing in secondary investments, is expected to lead the round and acquire stakes from existing investors. The round is likely to be a secondary transaction, but Fibe may also raise primary capital opportunistically. The company's parent, Social Worth Technologies, was valued at $350 million in its last funding round, and Fibe itself is expected to be valued at $600-650 million. Fibe offers small and personal loans to young working professionals through a digital application process.
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Warburg Pincus in talks to invest $100-150M in SaaS startup Whatfix: Report
YourStory
·
1y ago
Medial
US private equity firm Warburg Pincus is expected to lead a funding round of $100-150m for software-as-a-service (SaaS) company Whatfix, which is backed by SoftBank. The round is also likely to see participation from SoftBank, while existing investors Helion Venture Partners and Eight Roads Ventures will make partial exits. The Bengaluru and US-based firm is reportedly seeking a primary valuation of $800m, with the secondary share sale expected to take place at a discounted rate. Whatfix provides in-app guidance and performance support for web applications and software products.
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Meesho files confidential prospectus for its IPO - The Economic Times
Economic Times
·
1m ago
Medial
Ecommerce platform Meesho has confidentially filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO) to raise around Rs 4,250 crore ($500 million). The filing, done under Sebi’s pre-filing route, permits companies to keep prospectus details confidential. Meesho’s shareholders recently approved the IPO plan, seeking fresh capital to support the company’s growth and expansion strategies.
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Meesho launches creator marketplace to boost influencer-driven sales
Economic Times
·
6m ago
Medial
Meesho has launched a creator marketplace to leverage influencer-driven sales in India. The Meesho creator club offers influencers analytics, payouts, and collaboration opportunities. Features like ‘video finds’ and ‘live shop’ enhance user engagement. Meesho’s content commerce initiative, begun last year, boosted user transaction growth and partnered with over 21,000 influencers. Content commerce drives exploration of new product categories and saw triple order growth in 2024. Meesho plans to expand its creator club for broader influencer involvement.
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Qure.ai Eyes Up To $60 Mn Funding To Push Its Radiology Diagnosis Play
Inc42
·
11m ago
Medial
Mumbai-based medtech startup Qure.ai is planning to raise $50-60 million in a funding round led by Lightspeed. The round is expected to include a secondary deal along with primary capital from existing investors. Lightspeed is looking to invest $20-25 million and may also purchase some secondary shares.
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VenturEast and InvAsent exit from Comprehensive Prosthetics & Orthotics
IndianStartupNews
·
1y ago
Medial
VenturEast and InvAsent have completed their exit from Comprehensive Prosthetics & Orthotics (CPO), a US-based startup, as part of a financial secondary transaction. CPO has raised a new round of growth capital and expanded its presence in the orthotics and prosthetics sector, operating over 35 clinics in the United States. The exit from CPO is VenturEast's eighth exit this year, reflecting a broader trend of secondary exits in the Indian startup ecosystem in 2023.
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SoftBank, CPPIB to participate in Eruditus’ secondary funding round
Money Control
·
1y ago
Medial
SoftBank and Canada Pension Plan Investment Board (CPPIB) are reportedly considering an investment in the potential secondary funding round of upskilling and higher education platform Eruditus. The platform aims to raise around $120-150 million, with approximately half of it coming from secondary funding. This secondary round might happen at a valuation of about $2.5 billion, representing a 20% discount to Eruditus' previous valuation of $3.2 billion. SoftBank and CPPIB are existing investors in Eruditus, and a sovereign wealth fund has also expressed interest in participating in the funding round.
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Partners Group, KKR lead $140-mn investment in Darwinbox
VCCircle
·
5m ago
Medial
Partners Group and KKR are leading a $140 million investment round in Indian HR tech startup Darwinbox to support its international expansion. This round includes Gravity Holdings and involves both primary and secondary capital. Founded in 2015, Darwinbox offers automation services across the employee lifecycle. The company has previously raised $72 million at a $1 billion valuation and expanded into North America and other markets, achieving significant international revenue growth.
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Meesho Eyes Larger $500 Mn-$650 Mn Round At Lower Valuation: Report
Inc42
·
1y ago
Medial
Indian e-commerce platform, Meesho, is reportedly increasing the size of its upcoming funding round to $500-650 million, from the initial target of $300 million, due to strong investor interest. The funding round is expected to be led by Tiger Global and Peak XV Partners, with participation from SoftBank, WestBridge Capital and Mars Growth Capital. It is reported that $300 million of the funding will be designated for settling taxes incurred during the transfer of the company's domicile from Delaware to India. The round is expected to value Meesho at $3.9 billion, a 20% decrease from its previous valuation of $4.9 billion.
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