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News on Medial
Temasek-backed StarAgri’s co-founder on revenue targets, overseas plans and more
VCCircle
·
1y ago
Medial
Amith Agarwal, co-founder and executive director of Temasek-backed firm StarAgri, discusses the company's revenue targets, overseas expansion plans, and how technology-based solutions helped them navigate the challenges posed by the COVID-19 pandemic. Despite the disruptions, StarAgri managed to stabilize operations in 2021-22 and achieve significant growth in the subsequent year.
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Agritech DeHaat’s FY25 revenue up 11% to Rs 3,000 crore - The Economic Times
Economic Times
·
10d ago
Medial
Agritech startup DeHaat, backed by Temasek, achieved Rs 3,000 crore revenue in FY25, up 11% from the prior year. It targets an annual revenue run rate of Rs 4,000 crore. The company, founded in 2012, offers diverse services to farmers and exports agri commodities. Aiming for full-year profitability, DeHaat is focused on high-margin private label sales, export growth, and expanding its network. It is also raising fresh capital for growth and exploring mergers and acquisitions.
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Peek at Tiger Global-backed Infra.Market's game plan as it gears up for $1-bn IPO
VCCircle
·
4m ago
Medial
Infra.Market, a Tiger Global-backed company, is preparing for a $1 billion IPO. The firm aims to significantly enhance its private label offerings and escalate sales to the direct-to-retail sector. After surpassing the $2 billion revenue mark last year, Infra.Market targets nearly a 40% revenue increase in the next two years. Co-founders Aaditya Sharda and Souvik Sengupta are focused on strategic growth as the company advances its market position.
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NIIF plans maiden private credit fund, targets $2-bn corpus
VCCircle
·
5m ago
Medial
The National Investment and Infrastructure Fund (NIIF) plans to raise $2 billion for its first private credit fund, making it India's largest. The NIIF, backed by the Indian government and international investors like Canada's Ontario Teachers' Pension Plan and Singapore's Temasek, aims to channel international capital into India. The fund will focus on performing credit and large co-investments. NIIF manages four other funds, including the Master Fund and Strategic Opportunities Fund.
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Lenskart sharpens focus on IPO at $10 billion valuation
Economic Times
·
5m ago
Medial
Lenskart plans to seek a $10 billion valuation for its upcoming IPO, doubling its previous funding round valuation. The omnichannel eyewear retailer aims to file draft papers by May, contingent on market conditions. With profitable Indian operations, Lenskart is expanding in Thailand and focusing on local manufacturing. They recorded a $1 billion revenue run rate, improving operational efficiencies, and reduced net loss to Rs 10 crore in FY24. Backed by SoftBank and Temasek, Lenskart is leading India's eyewear market.
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Temasek, Lightrock-backed DeHaat aims to grow scale by 50% this fiscal
VCCircle
·
1y ago
Medial
DeHaat, an agritech startup backed by investors including Temasek Holdings and Lightrock India, aims to expand its scale by 50% in the current fiscal year. The company, which reported consolidated revenue growth of 3.2 times in the previous fiscal, offers technology-enabled agricultural services to farmers. DeHaat plans to use the funding to enhance its technology infrastructure and expand its presence across new geographies.
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PayU's Wibmo building full payment gateway solutions
Economic Times
·
1y ago
Medial
Wibmo, a payment authentication service owned by PayU, is developing a payment gateway solution to support the digital distribution capabilities of banks and financial services firms. The company, backed by Naspers and PayU, plans to expand its international client base and increase its overseas revenue to 40% by the end of the fiscal year. With a focus on routing ecommerce transactions, Wibmo has secured major contracts in India and is looking to enter new markets outside the country.
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Temasek-backed upGrad sees another high-profile departure after cofounder’s exit
VCCircle
·
8m ago
Medial
Mumbai-based upskilling unicorn upGrad has experienced another high-profile departure after one of its co-founders, Mayank Kumar, left the company. The edtech firm, backed by Temasek and other prominent investors, recently saw an executive at the senior level also leave. upGrad aims to provide upskilling and reskilling opportunities to professionals.
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CleverTap acquires Y-Combinator-backed rehook.ai
Entrackr
·
3m ago
Medial
CleverTap, a customer engagement and retention platform, has acquired rehook.ai, a Y Combinator-backed startup, for an undisclosed amount. Anand Jain, co-founder and CPO at CleverTap, said the move will help support more use cases and allow integrated management of promotions. Akhil Suhag, CEO and Co-founder of rehook.ai, said the integration with CleverTap will help take their technology to a larger market and make personalized promotions more effective. This acquisition adds rehook.ai’s promotions engine to CleverTap’s platform, combining analytics, engagement, and promotions. It enables brands to create, send, track, and adjust promotional campaigns more effectively. rehook.ai provides tools for managing coupons, discounts, gamification, loyalty programs, and referrals. With rehook.ai’s real-time promotional data, brands using CleverTap can trigger offers based on user behavior and context. This helps businesses reach users at the right time and improve overall marketing outcomes. CleverTap serves over 2,000 brands worldwide and is backed by investors including Accel, Peak XV Partners, and Tiger Global.
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NapTapGo raises $500,000 pre-seed funding, backed by T9L Qube
Inshorts
·
5m ago
Medial
NapTapGo, India’s first pod hotel startup, has raised $500,000 in pre-seed funding, backed by T9L Qube. The startup aims to make budget travel more accessible with hygienic, tech-driven pods. With plans to expand to 80+ pods in five years, NapTapGo targets solo travellers and professionals. T9L Qube’s support strengthens innovation in India’s growing hospitality sector.
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Incofin-backed Mufin Green Finance eyes fresh capital; merger on the cards
VCCircle
·
2m ago
Medial
Mufin Green Finance Ltd, backed by Belgium's Incofin, plans to raise fresh equity to strengthen its balance sheet and expand lending. A potential merger is also on the horizon. Co-founder and managing director Kapil Garg shared these plans to support growth strategies. Lighthouse Canton holds an indirect stake in the non-bank lender, highlighting its strategic importance. These moves aim to reinforce Mufin's market presence and enhance its financial capabilities in the near future.
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