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Xcelerate Announces Equity Raise Of Over Rs 200 Crore Led By Federated Hermes Private Equity
OutlookIndia
ยท
1y ago
Medial
Singapore-based ESG platform, Xcelerate, has raised $25 million in equity funding. Xcelerate offers tech-enabled compliance solutions to help businesses maintain good governance, manage risk, and ensure compliance with various laws and regulations. The funding round was led by Federated Hermes Private Equity, with participation from existing investors Altair Capital and Exacta Capital Partners. Xcelerate plans to use the funds for strategic acquisitions and further investments in operations, team, and technology. The company aims to expand into new segments within the GRC and ESG sectors and build a regional platform with technology-led solutions.
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Shadowfax Raises $100 Million In Its Series E Funding Round
OutlookIndia
ยท
1y ago
Medial
Singapore-based ESG platform Xcelerate has secured $25m in equity funding for its social and industrial compliance services subsidiary, Aparajitha. Xcelerate offers scalable compliance solutions for regulated industries, helping companies maintain governance standards and ensure compliance with internal and external regulations. The funding round was led by Federated Hermes Private Equity, with participation from Altair Capital and Exacta Capital Partners. The investment will be used for strategic acquisitions and further investment in operations, team, and technology. Xcelerate plans to expand into new segments under the GRC and ESG sectors.
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Shadowfax Raises $100 Million In Its Series E Funding Round
OutlookIndia
ยท
1y ago
Medial
Singapore-based ESG platform Xcelerate has raised $25m in equity funding. The company, which owns compliance services provider Aparajitha, offers tech-enabled, scalable compliance solutions in regulated industries. The funding, led by Federated Hermes Private Equity, will be used for strategic acquisitions and investment in operations, team and technology. Xcelerate plans to expand into new segments in the governance, risk and compliance (GRC) and ESG sectors. The company's existing shareholders, including Altair Capital and Exacta Capital Partners, also participated in the funding round.
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Compliance management platform Aparajitha's parent Xcelerate snags funding
VCCircle
ยท
1y ago
Medial
Aparajitha's parent company, Xcelerate Pte Ltd, has secured funding from an offshore investor. The funding round, led by Federated Hermes PE, saw participation from Xcelerate's co-founders and existing shareholders. Xcelerate is the Singapore-headquartered parent company of Aparajitha, a governance, risk and compliance (GRC) and environmental, social and governance (ESG) platform. The fresh funding will support the growth and development of Aparajitha's compliance management platform.
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TTK Prestige announces share buyback at Rs 1,200 per share to raise up to Rs 200 cr
Money Control
ยท
11m ago
Medial
TTK Prestige has announced a share buyback plan to raise up to Rs 200 crore. The company plans to buy back 16.67 lakh shares at a price of Rs 1,200 per share. This represents 1.2% of the company's total paid-up equity shares. The record date for the buyback has been set as August 14, 2024, and further details will be released in accordance with the Buyback Regulations. Inga Ventures Private Limited has been appointed as the Manager for the proposed buyback.
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Exclusive: Mahesh Bhupathi backed Scentials to raise fresh funds from existing investors
Entrackr
ยท
6m ago
Medial
D2C wellness startup Scentials has raised Rs 34.6 crore (approximately $4 million) in a mix of debt and equity led by Indus Way Emerging Market Fund with the participation of TIW Private Equity. The board at Scentials has passed a special resolution to issue 89,200 Series A1 CCPS and 18,59,000 optionally convertible debentures to raise Rs 34.6 crore or $4 million, its regulatory filing accessed from the Registrar of Companies shows. Indus Way Emerging Market Fund led the round with Rs 32 crore while TIW Private Equity participated with Rs 2.6 crore. According to the filings, the funding will be used to meet the growth objectives and to strengthen the financial position. The funding came after a hiatus of four years for the Mumbai-based company. Scentials has raised around $10 million to date, including $6 million in 2021 led by TIW Private Equity. Founded in 2017, Scentials designs, develops, manufactures, and distributes products through multiple celebrity-backed brands across deodorant, fragrances, and skincare categories. The company has yet to post its annual results for FY24; Scentials recorded a 20.5% year-on-year decline in its scale to Rs 18.22 crore in FY23, compared to Rs 22.92 crore in FY23. Moreover, it recorded a loss of Rs 38.46 crore in FY23.
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Grapevine: Tata Capital, Hisense, Epack Durable, Coforge in news
VCCircle
ยท
7m ago
Medial
Tata Group is reportedly preparing for the IPO of Tata Capital Ltd, its financial services arm, which is expected to be worth over Rs 15,000 crore. The IPO could include both primary and secondary share offerings. In other news, Chinese electronics maker Hisense has acquired Toshiba's television business. Epack Durable, a leading logistics packaging solutions provider, has raised Rs 200 crore in a funding round led by private equity firm Creador. Consulting and technology solutions provider Coforge has announced its acquisition of SLK Global Solutions, a business process transformation and technology services provi
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Leverage Edu announces second ESOP buyback
Entrackr
ยท
1y ago
Medial
Leverage.biz, which runs study abroad platform Leverage Edu, Fly.Finance and Fly Homes, today announced that it has completed its second ESOP buyback exercise. Over 50 employees of the company across functions were able to benefit from this exercise. However, the company did not disclose the amount of the stock buyback. Seven-year-old Leverage Edu provides full-stack services including counseling, application-admission support, and financing to students pursuing international education. It assists students from India, Nigeria and Nepal, among others. The company raised $40 million a mix of debt and equity led by Educational Testing Service (ETS) in July last year. It has raised around $70 million across rounds and was last valued at around $140 million. As per startup data intelligence platform TheKredible, Blume Ventures is the largest external stakeholder in Leverage Edu with 16.9% followed by Tomorrow Capital and DSG Consumers Partners. The companyโs revenue from operations spiked 228% to Rs 69 crore in FY23 from Rs 21 crore in FY22 while its losses jumped 70% to Rs 103 crore in FY23 from Rs 47 crore in the previous year. The total EOSP buyback/payout/liquidity stood at nearly $802 million in 2023. In 2021 and 2022, the buyback amount was recorded at $440 and $200 million respectively. In 2024, Urban Company, MyGate, Classplus, Meesho, The Sleep Company, XYXX, and Pocket FM also completed their ESOP buyback scheme.
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BlackSoil NBFC raises $12 Mn equity capital from existing backers
Entrackr
ยท
1y ago
Medial
Alternative credit platform BlackSoil NBFC, the flagship arm of BlackSoil Group, has raised equity of Rs 100 crore ($12 million) from its existing Indian investors and family offices through a rights issue. The capital injection will improve BlackSoil NBFCโs credit profile and boost its borrowing capabilities and growth, the company said in a press release. BlackSoil is backed by investors and family offices of Allcargo Logistics, Navneet Education, Mahavir Agency, and Mathew Cyriac-led Florintree Advisors. This latest funding also marks BlackSoil NBFCโs fourth capital infusion within eight years, bringing its total equity raise to approximately Rs 250 crore ($30 million). Additionally, it has secured debt financing of over Rs 1,700 crore (more than $200 million) from HNIs, banks et al. BlackSoil provides alternative credit solutions to growth companies, financial institutions, NBFCs and MSMEs across sectors. At the group level, BlackSoil has surpassed Rs 5,000 crore (over $600 million) disbursement across 214 deals by December 2023. Its portfolio includes ideaForge, Upstox, Bluestone, OYO, Udaan, Zetwerk, Spinny, Yatra, Dunzo, Purplle, Mobikwik and Cure Foods. As per BlackSoil, its AUM grew around 30% year-on-year in 2023 and it deployed Rs 1650 crore (nearly $200 million) across 63 deals and exited from over 20 deals in the last year. The firm also said that its portfolio companies collectively raised equity of $800 million in the last year while three of them including Yatra, ideaForge and Cellecor got listed on the stock exchange in 2023.
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BluSmart in talks to raise up to โน840 crore: Report
Inshorts
ยท
10m ago
Medial
All-electric ride-hailing startup BluSmart is in talks with private equity funds and family offices to raise between โน670 crore ($80 million) and โน840 crore ($100 million), Moneycontrol reported citing sources. The funds will help expand its fleet and take operations to new cities, the sources added. In July, the startup raised โน200 crore from MS Dhoni's family office and others.
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ChrysCapital, MO Alts lead $153 mn round in HealthKart
VCCircle
ยท
8m ago
Medial
Private equity firms ChrysCapital and MO Alts have led a $153 million investment round in HealthKart, operated by Bright Lifecare. The nutrition platform aims to use the funds for expansion and acquisitions. This investment follows a $135 million funding round led by Temasek in 2020. HealthKart has a range of digital nutrition brands and operates over 200 stores across India. In the fiscal year 2024, the company achieved full year EBITDA profitability and revenue of over INR 1,000 crore.
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