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Mathew Cyriac’s Florintree, others invest in Tonbo Imaging’s pre-IPO round

VCCircle

VCCircle · 4m ago

Mathew Cyriac’s Florintree, others invest in Tonbo Imaging’s pre-IPO round

Tonbo Imaging India Pvt Ltd, a defence technologies company, raised Rs 175 crore in a Series D funding round from Florintree Advisors, Tenacity Ventures, and the Export-Import Bank of India, ahead of its IPO. The funds will support the development of next-gen infrared sensors and high-power microwave technologies, alongside global expansion. Tonbo’s technology, already used by elite global defence forces, enhances situational awareness and targeting precision in battlefield operations.

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Mathew Cyriac’s Florintree hits the sell button on a bet after missing the jackpot

VCCircle

VCCircle · 3m ago

Mathew Cyriac’s Florintree hits the sell button on a bet after missing the jackpot

Florintree Capital Partners, led by Mathew Cyriac, has decided to sell its stake in a company it invested in three years ago via a pre-IPO deal. Previously, the firm had made a profitable exit from another portfolio company. After missing a major opportunity, Florintree is now focusing on new investments, including betting on a company preparing for an IPO. The decision to sell aligns with its strategy to rebalance and capitalize on fresh prospects.

Tonbo Imaging raises $21 Mn in pre-IPO round

Entrackr

Entrackr · 4m ago

Tonbo Imaging raises $21 Mn in pre-IPO round

Tonbo Imaging raises $21 Mn in pre-IPO round Bengaluru-based defense technology firm Tonbo Imaging has raised Rs 175 crore or $21 million in its Series D pre-IPO round from Florintree Advisors, Tenacity Ventures, and the Export-Import Bank of India. The proceeds will be used to support the company’s development of next-gen infrared sensors and advanced energy weapons, along with expanding its global operations. Founded by Arvind Lakshmikumar, Tonbo Imaging blends optics, AI, and computer vision to create advanced surveillance and targeting systems that work across land, air, and sea. Its focus is on building lightweight, autonomous platforms that can operate in harsh battlefield conditions. Tonbo Imaging builds high-tech vision and targeting systems used in military operations worldwide. Its products enhance battlefield awareness and are already used in over 30 countries by forces like the U.S. Navy SEALs, Israeli Defense Forces, NATO, and the Indian Army. With over Rs 300 crore raised in previous rounds from investors like Qualcomm and Edelweiss, Tonbo is now gearing up for its IPO.

Former Blackstone exec Cyriac’s Florintree inks another record busting exit

VCCircle

VCCircle · 1y ago

Former Blackstone exec Cyriac’s Florintree inks another record busting exit

Former Blackstone executive Mathew Cyriac's private equity investment firm Florintree Capital Partners has achieved a potentially record-breaking exit deal in the Indian alternative investment space. While details of the deal have not been disclosed, this success follows Florintree's previous successful exit from MTAR Technologies.

ideaForge investor gets 570% returns, invests in 2nd drone startup

Inshorts · 2y ago

ideaForge investor gets 570% returns, invests in 2nd drone startup

Florintree Advisors, led by former Blackstone dealmaker Mathew Cyriac and the largest single investor in ideaForge, has invested ₹20 crore in the drone startup BotLab. This investment comes after Florintree gained a 570% return on its investment in ideaForge. With an 11% stake in ideaForge, Florintree now holds a 15% stake in BotLab, valuing it at approximately ₹120 crore. Cyriac mentioned that they assessed around 15 drone makers before making this investment.

Aris Infra Solutions raises Rs 80 crore in pre-IPO round

Economic Times

Economic Times · 6m ago

Aris Infra Solutions raises Rs 80 crore in pre-IPO round

Aris Infra, a construction material procurement platform, secured Rs 80 crore in a pre-IPO round led by Mukul Agrawal and others, with a post-money valuation of Rs 1,800 crore. The firm, leveraging AI and ML for supply chain efficiency, plans to use IPO proceeds to repay debt, boost working capital, and invest in its subsidiary. Backed by notable investors, ArisInfra serves clients like Tata Group and JSW, amidst industry competition from players like Infra.Market.

Cosmic Circuits founder, Mathew Cyriac floats new deep-tech VC fund

VCCircle

VCCircle · 1y ago

Cosmic Circuits founder, Mathew Cyriac floats new deep-tech VC fund

Mathew Cyriac, founder of Cosmic Circuits, has partnered with Ganapathy Subramaniam to launch a new venture capital firm focused on investing in early-stage deep-tech startups in India. Cyriac, who currently heads Florintree Advisors, an investment firm, aims to support deeptech innovation in the country. The firm will provide funding and guidance to startups in sectors such as artificial intelligence, robotics, and automation.

Infra.Market bags ₹1,050 crore at $2.8 billion valuation

Inshorts · 6m ago

Infra.Market bags ₹1,050 crore at $2.8 billion valuation

IPO-bound Infra.Market has raised ₹1,050 crore in its pre-IPO round at a valuation of about $2.8 billion, a jump of over 10% from its valuation of $2.5 billion during the previous funding round. The fundraise, termed as its Series F round, saw participation from existing investors Tiger Global, Foundamental GmbH, Evolvence, among others.

Ola Electric picks Stan Chart veteran Topsy Mathew as corporate finance head ahead of IPO

Money Control

Money Control · 2y ago

Ola Electric picks Stan Chart veteran Topsy Mathew as corporate finance head ahead of IPO

Ola Electric, the electric vehicle arm of Ola, has appointed Topsy Mathew, a Standard Chartered veteran, as its Corporate Finance Head in preparation for its upcoming IPO, according to the article. Mathew brings extensive experience in finance and capital markets to the role. The appointment reflects Ola Electric's strategic focus on strengthening its leadership team as it moves towards its public listing.

Hero FinCorp raises Rs 260 Cr in pre-IPO round, trims total issue size to Rs 3,408 Cr

YourStory

YourStory · 1m ago

Hero FinCorp raises Rs 260 Cr in pre-IPO round, trims total issue size to Rs 3,408 Cr

Hero FinCorp, a subsidiary of Hero MotoCorp, raised Rs 260 crore in a pre-IPO round, reducing the total IPO issue size to Rs 3,408 crore. The fresh issue size was cut to Rs 1,840 crore from Rs 2,100 crore. Investors in the offer-for-sale include AHVF II Holdings Singapore II Pte. Ltd and others. The funds from the fresh issue aim to enhance the company's capital for future lending activities. The NBFC serves retail and MSME sectors in India.

Homegrown Makia Capital floats own venture capital fund for SME bets

VCCircle

VCCircle · 7m ago

Homegrown Makia Capital floats own venture capital fund for SME bets

Makia Capital has launched its own venture capital fund to focus on investments in pre-IPO and IPO opportunities in small and medium enterprises. The fund will also consider select public market investments. The aim of the fund is to invest in pre-IPO opportunities, anchor opportunities in IPOs, and identify underpriced investments in the public market. Makia Capital, an IPO advisory firm, hopes to leverage its expertise in capital markets to drive returns for its investors.

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