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Simpliwork Offices to double operational footprint, expand into new markets

VCCircle

VCCircle · 2m ago

Simpliwork Offices to double operational footprint, expand into new markets

Simpliwork Offices, a Bengaluru-based firm backed by the Sattva Group, is planning to double its operational presence within two years. The company intends to expand its managed office space portfolio significantly by focusing on high-demand, established markets. This strategic move is part of their broader effort to enhance their operational footprint and reach new customers, according to Hemant Lath, the director of strategy at Simpliwork Offices.

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HMD to double mobile phone exports from India, make it global hub, COO says | Mint

Livemint

Livemint · 11m ago

HMD to double mobile phone exports from India, make it global hub, COO says | Mint

HMD, the maker of Nokia-branded mobile phones, plans to double its exports from India to 4 million units over the next year. The company also aims to increase local production by more than a third. HMD will make India its global operational platform for production and exports, as it launches its own brand of smartphones and feature phones. India is already the company's biggest market and it sees it as a vital base for growth. The company is currently exporting Nokia-brand phones to West Asia and Africa and plans to expand to new markets including Europe and the US.

Marengo Hospitals lines up ₹150 cr for western foray

Economic Times

Economic Times · 2d ago

Marengo Hospitals lines up ₹150 cr for western foray

Marengo Asia Healthcare, a multi-specialty hospital platform, plans to expand into Maharashtra and Rajasthan with a ₹150 crore investment. Currently managing about 1,500 beds across four hospitals in Delhi NCR and Gujarat, Marengo aims to double its capacity to 3,000 beds by next year through selective buyouts and additional beds in existing facilities. Supported by Samara Capital and family offices of Havells and Godrej, Marengo anticipates becoming a leading player in the industry.

udaan raises nearly Rs 300 crore debt from funds including Lighthouse Canton, Stride Ventures, InnoVen Capital and Trifecta Capita

Economic Times

Economic Times · 8m ago

udaan raises nearly Rs 300 crore debt from funds including Lighthouse Canton, Stride Ventures, InnoVen Capital and Trifecta Capita

EB2B platform udaan has secured new debt financing of around Rs 300 crore from investors such as Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. This funding comes after udaan's $340 million Series E financing round. The company plans to use these funds to expand its geographical footprint, enhance operational capabilities, streamline supply chain processes, open new Micro-fulfilment Centres, and improve service delivery. Profitability is a key priority for udaan, and it aims to reinforce its leadership in the eB2B market.

Chimera-owned Lunate to invest in wealth management firm Azura

VCCircle

VCCircle · 2m ago

Chimera-owned Lunate to invest in wealth management firm Azura

Lunate, owned by Chimera Investments, is investing in Azura, a wealth management firm managing $5 billion in assets for ultra-high-net-worth individuals and family offices. This investment aims to help Azura scale its assets under management, enhance technology, and expand product offerings, particularly in private markets. Azura, established by Ali Jamal in 2019, will retain its management team post-transaction. Lunate plans to expand globally, marking a significant entry into the wealth management sector.

Months after unicorn tag, Zepto discusses round at $3-bn valuation

The Arc Web

The Arc Web · 1y ago

Months after unicorn tag, Zepto discusses round at $3-bn valuation

Indian quick-commerce player Zepto is reportedly in talks to raise a minimum of $300 million from global investors to double its valuation. The new funding round comes amid increased consumer demand for instant grocery and the entry of e-commerce giants Flipkart and Amazon into the quick-commerce market. Zepto, which aims to compete against larger players such as Instamart, Blinkit, and BigBasket, has shown improved operational efficiency and aims to reach EBITDA break-even within 12 to 15 months. The company also plans to expand beyond grocery and include categories such as apparel, gifting, and home goods on its platform.

Raipur's BetterSpace raises pre-Seed funding of Rs 45 lakh led by PedalStart

IndianStartupNews

IndianStartupNews · 1y ago

Raipur's BetterSpace raises pre-Seed funding of Rs 45 lakh led by PedalStart

Raipur-based mental healthtech startup BetterSpace has raised Rs 45 lakh in a pre-seed funding round led by PedalStart. The funding will be used to enhance offline and online services, develop new products, improve marketing and brand visibility, optimize technology and app accessibility, and attract new talent. BetterSpace offers psychologist-led counseling, workshops, and community engagement programs, and has conducted over 5000 offline sessions impacting over 2 lakh people. They plan to launch innovative solutions and expand their operational footprint in India and internationally.

Sattva Group to invest ₹12,000-14,000 crore in housing, office projects

Livemint

Livemint · 1y ago

Sattva Group to invest ₹12,000-14,000 crore in housing, office projects

Bengaluru-based real estate firm Sattva Group, backed by Blackstone, plans to invest ₹12,000-14,000 crore in the next 2-3 years to develop commercial office, residential, and hotel projects. The investment will be deployed in office projects (40%), housing development (50%), and hotel projects (10%) across existing cities like Bengaluru, Pune, and Hyderabad, as well as new markets in Chennai and Mumbai. The funds will be sourced from equity, debt, and internal accruals. The company aims to nearly double residential sales and achieve 20% growth in annuity income from commercial offices.

MyDesignation raises $1.25 Mn in seed round

Entrackr

Entrackr · 2m ago

MyDesignation raises $1.25 Mn in seed round

Thiruvananthapuram-based direct-to-consumer (D2C) fashion brand MyDesignation has raised $1.25 million (approximately Rs 10.7 crore) in its seed funding round led by Multiply Ventures, with participation from Veltis Capital, Sattva Ventures, Dominor Investment Holdings, and Green Trunk Ventures. According to MyDesignation, the capital will be utilized to enhance hiring, improve technology, expand offline presence, and enter new markets. Founded in 2020 by husband-wife duo Swaroop Krishnan and Gopika B Raj, MyDesignation offers fashion and lifestyle products. The brand claims to have built a customer base of over 500,000 consumers, with a 35% monthly repeat rate, and aims to double this user base within the year. MyDesignation operates independently without relying on third-party platforms or marketplaces, allowing full control over the customer journey. The firm plans to deepen its technological capabilities, expand its offline footprint, and hire talent aligned with its mission. In the competitive D2C fashion space, MyDesignation faces competition from brands like NNNOW, Nicobar, and Yepme.

Perfios targets diverse sectors, geographies to double revenue

Livemint

Livemint · 1y ago

Perfios targets diverse sectors, geographies to double revenue

Indian SaaS fintech startup, Perfios, plans to expand into new sectors, such as human resources technology and commerce, in a bid to double its revenue over the next three years. Perfios, which primarily serves the banking, financial services, and insurance sectors, aims to diversify its client base across multiple industries and geographies. The company has recently launched a product for background verification in the HR space and plans to target clients in the commerce sector next. Perfios became a unicorn earlier this year, following an investment of $80 million. It plans to expand into the US and Europe, while strengthening its presence in markets such as West Asia, Africa, and Southeast Asia. Perfios posted operating income of ₹407 crore in FY23, with a profit of ₹7.8 crore. The company is open to acquisitions and is evaluating international opportunities. It is also focusing on financial discipline and governance before potentially listing on the public markets.

Affiliate venture funds Unitus, Capria to operate under single brand

Economic Times

Economic Times · 1y ago

Unitus Ventures and Capria Ventures, the US-based affiliate, have announced a strategic alliance to operate under a single brand called Capria Ventures. The new entity will focus on generative artificial intelligence (GenAI) and plans to invest more than 75% of its funds in this space. Unitus Ventures, known for its seed investments in Indian startups, will now double down on investments in India, particularly in applied GenAI companies. Capria Ventures has already invested in 10 applied GenAI companies and plans to expand its footprint beyond India to other regions.

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