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Pluro Fertility raises Rs 125 Cr at Rs 1,000 Cr valuation

EntrackrEntrackr · 4m ago
Pluro Fertility raises Rs 125 Cr at Rs 1,000 Cr valuation
Medial

Pluro Fertility raises Rs 125 Cr at Rs 1,000 Cr valuation Pluro Fertility and IVF has raised Rs 125 crore ($14 million) in its Series A round led by Bessemer Venture Partners, valuing the company at Rs 1,000 crore ($112 million). Vikram Chatwal, Dharmil Sheth, Hardik Dedhia, Salil Musale, Shalibhadra Shah, Niket Shah, and Karan Kapur have also participated in the round. The proceeds will be used to scale operations across multiple cities and strengthen its platform for IVF specialists and patients. Founded in 2025 by Jaydeep Tank, Parikshit Tank, and Bhaskar Shah, Pluro operates a partnership model with independent IVF specialists across India. The firm works with doctors through a clinical partnership structure that keeps medical decisions with doctors while Pluro manages non-clinical functions. Pluro plans to set up 25 fertility centres by March 2026 in partnership with IVF specialists with at least ten years of clinical experience. The company aims to expand to 100 centres over the next three years. Pluro manages operations for partner clinics, including administration, technology, compliance, and marketing. Partner doctors receive equity participation linked to Pluro’s growth. The company plans to use the new capital to expand its network, invest in technology, and improve clinical capabilities in reproductive science.

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Spacewood raises Rs 300 Cr at Rs 1,200 Cr valuation

EntrackrEntrackr · 4m ago
Spacewood raises Rs 300 Cr at Rs 1,200 Cr valuation
Medial

Spacewood raises Rs 300 Cr at Rs 1,200 Cr valuation Modular furniture maker Spacewood Furnishers has raised Rs 300 crore ($36 million) from A91 Partners at a valuation of Rs 1,200 crore ($135 million). The investment gives A91 Partners a minority stake and will support expansion, brand building, and operations. Spacewood plans to scale from 35 exclusive stores to 100 stores across India over the next few years. Founded by Kirit Joshi and Vivek Deshpande, Spacewood manufactures modular furniture for homes and offices. The company works through an omnichannel model with exclusive stores, a dealer network, and online platforms. The company runs a manufacturing facility of about 1 million sq. ft. with panel processing and sheet metal capabilities. Its dealer network covers over 500 partners across 150 towns and cities. In 2011, Nitin Sudame set up the office furniture division under Spacewood Office Solutions (SOS). SOS has supplied office furniture to over 1,000 corporates and developers. Spacewood targets group revenue of Rs 700 crore for FY26. It aims to grow 25–30% annually over the next five years with a focus on profitability. Its clients include Accenture, Capgemini, HDFC, Adani Group, and several educational institutions. Sumai Doors works with over 200 real estate developers, including Godrej Properties, DLF, Lodha, M3M, and Kolte Patil. Spacewood operates in the modular furniture market competing with brands such as Godrej Interio, IKEA, Homelane, Pepperfry, Wurfel, and Urban Ladder.

Stylework raises Rs 30 Cr in pre-Series B led by Equentis

EntrackrEntrackr · 3m ago
Stylework raises Rs 30 Cr in pre-Series B led by Equentis
Medial

Stylework, a SaaS-based flex workspace aggregator, has raised Rs 30 crore (around $3.39 million) in its pre-Series B round led by Equentis Angel Fund at a pre-money valuation of Rs 250 crore ($28.5 million). The round also saw participation from Karekeba Ventures / Cogniphy AIF Fund, LetsVenture Fund, MoneyVyapaar, and other existing investors. The proceeds will be used in its AI-driven SaaS marketplace, expand in domestic and international markets, and hire leadership roles across product, business, and enterprise growth. It plans to invest in predictive analytics, utilisation dashboards, and tools that help operators, channel partners, and enterprises manage workspace portfolios. Stylework works on an aggregator model connecting enterprises with coworking and managed office operators. It provides a unified Master Service Agreement (MSA) framework that allows companies to access workspaces across India without separate vendor onboarding. The firm claims to have maintained profitability over the past year and reports an annualised GMV of Rs 280 crore, over 70,000 seats sold, and a network covering 125 cities. It partners with more than 650 coworking and managed office operators operating over 5,000 centres. As per market research, India’s flexible office market is estimated at $3.5 billion and is projected to cross $11 billion by FY29, driven by enterprise adoption of serviced offices and the expansion of Global Capability Centres (GCCs).

Shadowfax raises Rs 850 Cr from anchor investors

EntrackrEntrackr · 1m ago
Shadowfax raises Rs 850 Cr from anchor investors
Medial

Shadowfax raises Rs 850 Cr from anchor investors Logistics and last-mile delivery firm Shadowfax Technologies has raised around Rs 850 crore ($95 million) from anchor investors, marking a strong start ahead of the launch of its initial public offering. According to disclosures, the Bengaluru-based company allotted close to 6.9 crore equity shares to anchor investors at Rs 124 per share, which is the upper end of the IPO’s price band. The anchor book saw participation from a mix of leading domestic mutual funds and global institutional investors. Among domestic investors, ICICI Prudential Mutual Fund emerged as the largest anchor investor, while other participants included Nippon India Mutual Fund, Motilal Oswal Mutual Fund, and several insurance and pension funds. On the global side, marquee names such as Government Pension Fund Global (Norges Bank), HSBC Global Investment Funds, Societe Generale, and Eastspring Investments also picked up stakes in the anchor round. Shadowfax’s IPO comprises a fresh issue of around Rs 1,000 crore and an offer-for-sale (OFS) component of approximately Rs 907 crore, where marquee backers, including Flipkart India, Eight Roads Investments, International Finance Corporation, Nokia Growth Partners, NewQuest Asia Fund, and Miare Asset, will offload portions of their stakes. The lot size has been set at 120 shares, meaning retail investors will need approximately Rs 14,880 at the upper end of the band to apply for one lot. Shadowfax is targeting a post-money valuation near Rs 7,400 crore, lower than earlier internal drafts. Founded in 2015 by Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, the Bengaluru-based firm provides last-mile delivery across e-commerce and hyperlocal sectors, serving over 14,000 pin codes through 1.25 lakh delivery partners. According to data from TheKredible, Shadowfax has raised approximately $246 million to date. Eight Roads Ventures is the largest external stakeholder, followed by Flipkart, NewQuest Asia, and Nokia Growth Partners. Shadowfax reported 32% year-on-year growth in revenue to Rs 2,485 crore in FY25, along with a net profit of Rs 6.4 crore. For the first half of FY26, the company booked Rs 1,806 crore in revenue and Rs 21 crore in profit.

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