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Swara Fincare raises Rs 19.4 Cr in Series A funding

EntrackrEntrackr · 1y ago
Swara Fincare raises Rs 19.4 Cr in Series A funding
Medial

Tech-enabled non-banking financial company (NBFC) Swara Fincare has successfully raised Rs 19.4 crore ($2.3 million) in a Series A funding round led by UC Impower, with participation from Serica Angel Fund. The new funding will be used to promote financial inclusion for micro and small entrepreneurs, expand its distribution network, develop innovative products, and enhance its technology platforms, according to a press release from Swara Fincare. Founded in 2022 by Dev Verma, Mukund Madhav, and Sumit Ranjan, Swara Fincare aims to provide financial services to individuals and entrepreneurs in rural and semi-urban areas of India. Its offerings include customized financing solutions, life, health, and general insurance products, as well as loan account EMI payments and real-time tracking. Swara Fincare focuses on supporting the underbanked population and emerging entrepreneurs in India. The company collaborates with government agencies, NGOs, and other organizations to deliver financial literacy programs, training, and mentorship to its clients. Based in Gurugram, Swara Fincare operates 45 branches across Uttar Pradesh, Haryana, Rajasthan, Bihar, and Uttarakhand, impacting over 35,000 households. The firm has also secured debt support from more than 30 prominent financial institutions and banks, along with three co-lending partnerships to facilitate its growth. Other notable players in the NBFC sector include Funding Societies, Lendingkart, and AYEFin, among others.

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Figr, ZenStatement, Swara Fincare, three others bag funding

VCCircleVCCircle · 1y ago
Figr, ZenStatement, Swara Fincare, three others bag funding
Medial

- Figr, ZenStatement, Swara Fincare, Humm Care, and Deftouch have successfully raised funding in their respective sectors. - Figr, an AI-powered design platform, secured $2.25 million in Series A funding led by Kalaari Capital. - Sorich, a pharmaceutical packaging company, received a $1 million investment from BizDateUp to optimize production capacity and enhance working capital. - ZenStatement, an AI-powered finance automation and cashflow management platform, raised $1.62 million in seed funding led by 3One4 Capital and Boldcap VC. - NBFC Swara Fincare secured Rs 19.4 crore as part of Series A Funding, aiming to double its assets by the end of the financial year. - Humm Care, a health-tech platform offering employee healthcare benefits, raised an undisclosed amount in a seed round to scale its services and expand its reach. - Deftouch, an Indian game publisher, raised an undisclosed amount in a follow-on round to develop new games and talent for its gaming studio.

Brainbees arm to acquire KA Hygiene in Rs 57.74 Cr share swap deal

EntrackrEntrackr · 19d ago
Brainbees arm to acquire KA Hygiene in Rs 57.74 Cr share swap deal
Medial

Pune-based Brainbees Solutions, the parent company of FirstCry, has announced the acquisition of K.A. Enterprises (Hygiene) through its subsidiary Swara Baby, as the company expands its presence in the hygiene products segment. In a regulatory filing dated December 23, Brainbees said Swara Baby will acquire 100% equity ownership in KA Hygiene through a share swap transaction valued at Rs 57.74 crore. As part of the deal, Swara Baby will issue 38,49,572 equity shares to the existing shareholders of KA Hygiene. The transaction does not involve any cash consideration. Following the issuance of shares, Brainbees’ holding in Swara Baby will reduce from 87.29% to 75.92%. The acquisition is expected to be completed by the end of the year. Incorporated in 2019, KA Hygiene manufactures and trades hygiene products. The company recently took over the business operations of a related entity operating in the same segment. On a consolidated basis, the hygiene business reported revenue of Rs 84.01 crore in FY25, compared with Rs 80.42 crore in FY24 and Rs 58.45 crore in FY23. The firm reported a profit after tax of Rs 5.22 crore in FY25. KA Hygiene has only recently commenced standalone operations, and its individual financials are currently negligible. Separately, Brainbees has earlier incorporated Swara Corp in the United States through Swara Baby Products as part of its overseas expansion plans in the hygiene and disposable products category. Brainbees recently reported consolidated revenue from operations of Rs 2,099 crore in Q2 FY26, while posting a positive EBITDA of Rs 111 crore for the quarter ended September 30, 2025.

Fleetx raises Rs 113 Cr in Series C led by IndiaMART and Beenext

EntrackrEntrackr · 7m ago
Fleetx raises Rs 113 Cr in Series C led by IndiaMART and Beenext
Medial

Fleetx raises Rs 113 Cr in Series C led by IndiaMART and Beenext. Gurugram-based logistics SaaS startup Fleetx has raised Rs 113 crore ($13.2 million) in its Series C round led by existing investors IndiaMART Intermesh and BEENEXT’s Accelerate Fund. The round includes both primary and secondary transactions. Fleetx had raised $19.4 million in its Series B round led by IndiaMart with participation from IndiaQuotient and BEENEXT in February 2022. The fresh proceeds will be used to expand product capabilities and scale its go-to-market engine across mid-market and enterprise segments in India, Fleetx said in a press release. Founded in 2017 by Vineet Sharma, Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra, Fleetx operates at the intersection of AI and IoT, offering fleet management, fuel analytics, video telematics, transport ERP, and TMS solutions. The company plans to strengthen its product stack and profitability metrics to meet IPO-readiness targets within the next two years. It also aims to double its annual recurring revenue (ARR) while achieving profitability in the near term. “As we sit on the huge logistics data points, we’re in a unique position to leverage AI to tackle some of the most complex challenges in the sector. We will continue to invest aggressively in our product capabilities while building a durable, efficient business delivering measurable value to our customers,” said Vineet Sharma, CEO of Fleetx. Fleetx claims to have grown 4x since its last funding round in 2022. It claims to have crossed Rs 100 crore in ARR and currently serves over 2,000 clients, including more than 100 large enterprise accounts. Its customers span industries such as cement, FMCG, mining, transportation, and manufacturing. Notable clients include Ultratech Cement, Adani Group, Unilever, Godrej, Shree Cement, Maersk, and Panasonic. For the fiscal year ending March 2024, Fleetx recorded operating revenue of Rs 56.58 crore from Rs 41.63 crore in FY23. The company also reduced its losses by over 55% to Rs 24.21 crore in FY24.

Udaan raises $75 Mn at flat valuation

EntrackrEntrackr · 10m ago
Udaan raises $75 Mn at flat valuation
Medial

Udaan raises $75 Mn at flat valuation B2B e-commerce platform Udaan has raised $75 million in a Series G equity funding round at a flat valuation, as announced by the company’s co-founder and CEO, Vaibhav Gupta, during a town hall today. Sources assert that the company has been valued in the range of $1.5 to $1.8 billion in this round. According to sources, Udaan plans to use the funds to uplift customer experience, expand market reach, strengthen strategic vendor partnerships, and beef up supply chain and credit infrastructure. Last month, Udaan received approval from the National Company Law Tribunal (NCLT) to merge its various business entities into a unified entity, Hiveloop Ecommerce Pvt Ltd. This consolidation marks a significant milestone in its journey toward becoming a publicly listed company. In October 2024, Udaan secured Rs 300 crore (over $35 million) in debt funding from Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. The company has raised around $1.9 billion in debt and equity funding to date. Udaan’s gross revenue (GMV) grew only 1.7% to Rs 5,706.6 crore in the fiscal year ending March 2024 in contrast to Rs 5,609.3 crore booked in FY23. However, it managed to control its losses by 19.4% to Rs 1,674.1 crore in the same period.

FirstCry injects Rs 73 Cr in Globalbees, raises stake to 51.51%

EntrackrEntrackr · 4m ago
FirstCry injects Rs 73 Cr in Globalbees, raises stake to 51.51%
Medial

FirstCry injects Rs 73 Cr in Globalbees, raises stake to 51.51% Omnichannel baby products retailer FirstCry has infused Rs 73 crore into its subsidiary Globalbees Brands Pvt. Ltd. as part of the second tranche of its Series C2 funding round, according to a stock exchange filing. The Pune-based company subscribed to 2,220 Series C2 compulsory convertible preference shares (CCPS) at a face value of Rs 5 each and a premium of Rs 3,28,845 apiece on September 11. With this, FirstCry’s holding in Globalbees has inched up from 51.12% to 51.51% on a fully diluted basis. This is part of the board-approved plan to invest up to Rs 146 crore in Globalbees in one or more tranches. The latest tranche comes under the Series C2 Share Subscription Agreement signed on March 30, 2025. Alongside FirstCry’s infusion, Globalbees has allotted a total of 3,041 Series C2 CCPS to its existing shareholders, raising an aggregate Rs 100 crore in this tranche. FirstCry's revenue from operations grew to Rs 1,862.56 crore in Q1 FY26 from Rs 1,652 crore in Q1 FY25, and the company reduced its losses by 13% to Rs 66.5 crore in the same period. Notably, the company reported a positive EBITDA of Rs 75 crore.

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