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Peak XV Partners sells 1.5% stake in Aptus Value Housing for Rs 213 crore
Economic Times
·
1y ago
Medial
Peak XV Partners has sold a 1.5% stake in Aptus Value Housing for INR 213 crore. This move comes as a part of the company's efforts to bring down its stake in the affordable housing finance company. Aptus Value Housing is backed by private equity firm WestBridge Capital and has a strong presence in Tamil Nadu.
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Ixigo’s stock market debut: Here’s what investors Elevation, Peak XV made on their investments
Economic Times
·
1y ago
Medial
Online travel tech company Ixigo made a successful debut on the stock market, with its stock surging to Rs 161.99, a premium of 48% to its IPO price. The company's market capitalization reached Rs 6,275 crore ($750 million). Investors Elevation Capital, Peak XV Partners, and Micromax Informatics have seen significant gains as a result, with Elevation's remaining stake worth Rs 942 crore, Peak XV Partner's stake worth Rs 635 crore, and Micromax's stake worth Rs 249 crore. The founders of Ixigo also sold shares through the IPO's Offer for Sale component, with their stakes now valued at Rs 305 crore and Rs 328 crore.
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Peak XV, Steadview to fund Bluestone pre-IPO funding round, jewellery retailer poised to become unicorn
Economic Times
·
1y ago
Medial
Jewellery retailer Bluestone is in talks to secure an investment of approximately Rs 830 crore ($100 million) from Peak XV Partners, Steadview Capital, and Think Investments. The pre-IPO funding would value Bluestone at around Rs 7,500 crore ($900 million) before additional investment. Peak XV is reportedly leading the funding round, with discussions set to conclude soon. Bluestone's offline retail presence and increasing diamond sales have attracted interest from venture funds, following the success of Titan's acquisition of CaratLane. Bluestone is expecting revenues of Rs 2,200 crore for FY25.
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Accel, Peak XV, and Quick Routes pare stake in Zinka Logistics
YourStory
·
1m ago
Medial
Early investors of BlackBuck, a truck-aggregation platform, have sold significant stakes shortly after its public debut. Flipkart offloaded its entire 9.01% stake for Rs 672 crore, while Accel sold a 2.7% stake for Rs 204 crore. Peak XV Partners also divested shares worth Rs 53.84 crore. Meanwhile, institutions like Abu Dhabi Investment Authority and ICICI Prudential acquired a 4.73% stake collectively. Separately, Flipkart sold its stake in Aditya Birla Fashion, impacting the latter's share price.
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Peak XV has Rs 16,000 crore for investment; AI to be in focus: Rajan Anandan
Economic Times
·
1y ago
Medial
Venture capital firm Peak XV Partners, with a significant investment of about Rs 16,000 crores, is actively looking to invest in AI startups. The firm has already made over 25 AI investments in the past 1-1.5 years. Rajan Anandan, the managing director of Peak XV Partners, emphasized the emergence of AI application companies across various sectors such as healthcare, retail, agriculture, and financial services. Anandan also highlighted the need for more AI researchers in India and the importance of investing in AI research.
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Sweet Karam Coffee raises $8 Mn led by Peak XV
Entrackr
·
3m ago
Medial
Sweet Karam Coffee Raises $8 Mn Led by Peak XV Chennai-based South Indian food brand Sweet Karam Coffee (SKC) has raised $8 million in its Series A round led by Peak XV Partners, with existing investor Fireside Ventures also increasing its stake. The funding comes almost two years after Sweet Karam Coffee raised $1.5 million from Fireside Ventures. The proceeds will be used to expand its distribution, launch new products, and improve its supply chain with tech. Founded in 2015, SKC is known for its authentic sweets, snacks, and filter coffee, which is made without palm oil, preservatives, or maida. It also sells condiments and ghee. The startup sells its products via its website, e-commerce marketplaces, and quick commerce platforms, serving customers across 32 countries. SKC claims to have grown 4X in revenue over the past 12 months and is projected to grow another 2.5X in the next 12 months. SKC announced the appointment of Nandhitha Indermohan (ex-Unilever) as Chief Operating Officer to boost execution.
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Peak XV nets Rs 1,200 Cr gain from Porter exit, marks 11X return
YourStory
·
2m ago
Medial
Peak XV Partners gained over Rs 1,200 crore by fully exiting logistics startup Porter, marking an 11-fold return on its Rs 116 crore investment. This exit is part of Peak XV's strategy of cash exits, generating about $3.6 billion over five years. Porter's valuation, now over $1.2 billion, underscores the challenges of mega-fund math in India, pushing large funds to seek multiple unicorn-scale exits for meaningful returns. Peak XV plans to raise a $1.4 billion fund.
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Exclusive: Peak XV joins Truemeds’ Series C round with $20 Mn
Entrackr
·
9d ago
Medial
Exclusive: Peak XV joins Truemeds’ Series C round with $20 Mn Telehealth platform Truemeds has secured another $20 million or Rs 174.33 crore in its ongoing Series C round from new investor Peak XV Partners. This investment is an extension of the $44 million raised by Truemeds in March this year, led by Accel, which was exclusively reported by Entrackr. The board at Truemeds has allotted 19,737 Series C2 compulsory convertible preference shares at an issue price of Rs 88,331 each to raise the aforementioned sum from Peak XV, its regulatory filing accessed from the Registrar of Companies (RoC) shows. The company plans to utilise the funds for business expansion and to support its growth plans, according to the filing. As per Entrackr’s estimates, its valuation stood at $410 million (Rs 3,487 crore) in the new tranche (post-allotment), a 22% increase from its C1 tranche. Founded by Naitik Nayyar and Akshat Wani, Truemeds helps consumers discover cost-effective alternative brands for prescribed medicines by analyzing the prescriptions they upload. It partners with certified pharmacies to deliver medicines at discounted prices, aiming to make healthcare more affordable and accessible. According to startup data intelligence platform TheKredible, the firm has raised over $90 million to date. Following the latest allotment, Peak XV holds a 5% stake in the company. Westbridge is the largest shareholder in Truemeds followed by Info Edge which owns 21.87% stake. Co-founders Naitik Nayyar and Akshat Wani both collectively retain 21.3%. Truemeds doubled its revenue to Rs 315 crore in FY24, while its losses narrowed by 9% to Rs 61 crore during the same period. The Mumbai-based firm competes with telehealth platforms like PharmEasy, which recorded Rs 5,664 crore in revenue in FY24, and Tata 1mg, which posted Rs 1,964 crore.
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Scapia raises $40 Mn in Series B led by Peak XV
Entrackr
·
3m ago
Medial
Scapia raises $40 Mn in Series B led by Peak XV Travel fintech company Scapia has raised $40 million in its Series B round led by Peak XV Partners, with participation from existing investors, Elevation Capital, Z47, and 3State Ventures. The funding will enable Scapia to strengthen its team, enhance its product offerings, harness the power of AI, and accelerate its ambitious growth plans, Scapia said in a press release. According to the company’s regulatory filings, it has secured Rs 289 crore ($34 million) so far, with the remaining funds expected soon. In this round, Peak XV Partners took the lead, investing Rs 218 crore ($25.6 million), followed by Elevation Capital with Rs 62.28 crore ($7.3 million) and 3State Ventures contributing Rs 8.65 crore ($1.02 million). According to a separate resolution, the Bengaluru-based company also expanded its ESOP pool by 3,460 ESOP options. The newly added ESOP will be valued at Rs 22 crore, while the total pool now stands at Rs 132 crore (approximately $15.5 million). Entrackr estimates that the company’s post-money valuation stands at Rs 1,645 crore or $193.5 million. The valuation may vary after completion of the round. Founded by Anil Goteti, Scapia operates as a fintech-travel platform, offering a lifetime-free credit card with travel rewards. It generates revenue through interchange fees, interest on EMIs, and partner commissions from travel bookings. Scapia’s co-branded card with Federal Bank offers great value with no joining or annual fees, zero forex markup, and free unlimited domestic lounge access and airport perks based on monthly spending. Cardholders get 10% rewards on all purchases and 20% rewards on travel bookings made through Scapia. Scapia has raised over $70 million to date, including its $23 million Series A round led by Elevation Capital and 3State Ventures in November 2023. According to startup data intelligence platform TheKredible, Peak XV Partners became the largest external shareholder with a 13.74% stake, followed by Matrix Partners at 13.68%. Its FY24 appeared to be the first operational year, recording a revenue of Rs 17 crore while incurring a loss of Rs 88 crore during the same period. The company competes with the likes of One Card, which posted Rs 1,425 crore revenue, and Zolve, which stood at a revenue of Rs 67.8 crore in the fiscal year ended March 2024.
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OYO's Early Investors Exit With Massive Returns Ahead of IPO
OutlookIndia
·
6m ago
Medial
Early investors in OYO, including Peak XV Partners and Lightspeed Venture Partners, have been selling their stakes in the company, earning substantial returns as OYO prepares for its IPO. Peak XV Partners recently gained $80-90 million from selling part of its remaining stake, having previously made $500 million in exits. The current stake sales come at a valuation of $3.9 billion, with the IPO expected in March 2025 after concluding significant funding rounds following recent fundraising efforts.
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Morgan Stanley, Societe Generale, two others buy Awfis Space shares for Rs 416 Cr
YourStory
·
7m ago
Medial
Morgan Stanley, Citigroup Global Mauritius, Goldman Sachs, and Societe Generale have collectively purchased an 8.34% stake in Awfis Space Solutions for Rs 416 crore through separate block deals. Other entities like Axis Mutual Fund, Canara Robeco MF, and Nippon India MF have also acquired shares in Awfis. Additionally, Mauritius-based Bisque and Peak XV Partners have sold 58.56 lakh shares of Awfis at an average price of Rs 709.90 per share. As a result, Bisque's stake in Awfis has decreased to 9.85% from 14.38%. Awfis shares rose 9.41% to Rs 784.50 on the NSE.
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