YourStory Media’s Post

There are more than 800 VC firms in India, but do you know about India's oldest VC firm? 👇 VenturEast is often labeled as the first full-fledged VC firm founded in India. * Founded by Sarath Naru in 1997, VenturEast currently manages assets worth over US$400 million. * VenturEast had introduced its first fund in 1997 which was worth US$9 million, followed by a Biotech Fund in 2006 of $38 million. * VenturEast has made over 100 investments in the technology, healthcare, and clean environment sectors. * Some notable companies in their portfolio include: - Acko - Revolutionizing Insurance - Portea - Redefining Healthcare - 24 Mantra Organic - India - Revolutionizing Sustainable Living * VenturEast exits include Meta’s only acquisition in India, Little Eye Labs. They are the "OG" of the VC Industry in India. #India #venturecapital #fundraising #investments Credits: Vrishank Raj on Medial

Purplle, a leading player in India's beauty and personal care market, have successfully concluded a massive Rs 1000 Crore ($120M) funding round led by sovereign fund Abu Dhabi Investment Authority (ADIA). The company intends to utilize the capital to expand its physical presence and enhance technological capabilities. Cumulatively, the start-up has now raised more than $500 million, while its pre-money valuation has increased to $1.25 billion in the latest funding round, from the $1.1-billion valuation it had received in its previous funding round. Want to dive deep? For premium market intelligence and insights, explore VCCEdge.com   #VCCEdge #KeyDevelopment #Purplle #BeautyIndustry #FundingRound #TechInvestment #RetailExpansion #ADIA #InvestorInterest #MarketRebound #InvestmentNews #IndianStartups #FamilyOffices #AngelInvestors #BusinessGrowth #InvestmentTrends #StartupFunding Purplle.com Manish Taneja

Did you know, SIDBI is the biggest domestic investor in VC funds. With a Rs 10,000 crore (US$1.2 billion) corpus, it has invested in nearly 130 domestic VC funds. Which, in turn, have invested in 900 startups. 🤯🤯 Around, 17–18% of domestic capital invested in India comes from SIDBI, making it the largest local source of institutional capital for VCs. The rest comes from high-net-worth individuals (HNIs) and family offices. 💰💰 If there is one entity that hasn’t gotten enough credit for propping up India’s domestic venture-capital (VC) ecosystem, it’s the state-run SIDBI(Small Industries Development Bank of India) SIDBI via its investments in VC firms, has around 20+ unicorns in its portfolio. So underrated! 🫡 Source: The Ken #venturecapital #india #startup #surispeaks

💼Company: SecureMyScholarship 💰Funding: $550,000 ⚡Round: Bridge Funding 👥Investors: GCC, Sabban Corp Investments, Kaustubh Wagle, and Ramit Harisinghani The #edtech startup SecureMyScholarship, situated in Dubai, has raised $550,000 in a bridge fundraising round, valuing the business at $6 million. The platform helps students find scholarship options. The #business plans to use the additional funding to extend its operations into India and expedite the development of its product. Many investors participated in the investment round, including Sabban Corp Investments, a venture capital firm based in #Dubai that specialises in early-stage investments throughout the GCC, and Kaustubh Wagle, Managing Director at Boston Consulting Group Middle East and Ramit Harisinghani, General Manager of the Devialet and Dyson brands at Chalhoub Group. Read more - https://lnkd.in/dv-BJhMw To share your startup story write us on - contact@startuprise.org #SecureMyScholarship #Investment #Funding #Edtech #Dubai #StartupNews

In a bid to bolster its financial standing, hospitality startup OYO , backed by SoftBank Group Corp., is reportedly in talks to raise $80-90 million from family offices, as per a report by The Arc. Teaming up with InCred Financial Services, a financial services firm, Oyo aims to secure this investment, with commitments starting at $2 million from each family office. This strategic move highlights Oyo's concerted efforts to access growth capital from the private wealth sector, leveraging the tailored financial and investment management services offered by family offices. With discussions facilitated by InCred at a conference, Oyo's CEO and founder, Ritesh Agarwal, engaged with nearly 100 potential investors, signaling a proactive approach to expanding its business footprint. The capital raised is intended primarily for business expansion, with a focus on debt reduction, underlining Oyo's commitment to fortifying its financial position. #Oyo #SoftBank #InCred #RiteshAgarwal #HospitalityStartup #FamilyOffices #Investment #FinancialServices #DebtReduction #startup77

We saw a few key trends that shaped Venture Capital in India in 2023.  So as 2024 begins, we take a stab at predicting the trends that will shape the venture ecosystem in #India in 2024 - Global & Indian Venture Funding - The IPO Market - Funding and Future of AI - India Travels the Globe - Boom of B2B Commerce - Unicorns & Profitability #VentureCapital #Funding #Startups Rehan Yar Khan Sukhmani Bedi Saharsh Sharma Sudhanshu Anand Vaibhav Ahuja

Ritesh Agarwal (RA): I want to raise funds for my startup OYO at a flat valuation of ~$10 Billion. I have SoftBank, Microsoft, Peak XV Partners XV and others as my investors InCred Wealth (InCred): We will invest $50 Million but at a $2.38 Billion valuation. RA: But it's a 70% discount from my Peak Valuation InCred: Your choice, we will add immense valuation apart from money RA: We have a Deal It's a #Sharktank moment for the newest Shark Tank India judge Ritesh Agarwal with his new $50 Million fundraise led by InCred. The Story: 📌 Oyo has secured ₹416.85 Crore (approximately $50 million) in funding from InCred Wealth and Investment after a 3-year funding gap. 📌 Transaction details: 14.37 Crores Series G CCPS @ ₹29/piece (2.11% stake) 📌 Fund Usage: Growth, Global Expansion (including acquisitions), and enhanced business Plans The Backstory: 📌 Founding Information: Founded by Ritesh Aggarwal in 2012, the #startup is headquartered in #Gurugram. 📌 Presence: 1,55,000+ Properties in 35+ countries 📌 Total Funds Raised: ~$3.3 Billion (Equity and Debt) which includes others like Airbnb and Lightspeed are major names on the captable. 📌 Profit: Net Profit of ₹100 Crores in FY24 but revenue numbers are not disclosed yet. 📌 Cash Balance: ₹1,000 Crores 📌 Revenues: FY23- ₹ 5,464 Crores ⬆️ 14.3% FY22- ₹ 4,871 Crores 📌 OYO recently pulled back from its #IPO plans again when it withdrew its #DRHP citing unfavourable market conditions. OYO DRHP pull back: https://lnkd.in/d_wthiwM 📌 Oyo was in talks to raise $400 Million from the #sovereignwealthfund of #Malayasia, Khazanah Nasional Berhad at a valuation of $6 billion. 📌 Oyo is also rumoured to have been in talks with MANKIND PHARMA LTD Promoters Ramesh Juneja and Rajeev Juneja, and stock market expert Anand Jain to raise ₹1,000 Crores. The Bottomline: 📌 The mounting pressure on SoftBank Investment Advisers to provide returns to its investors will be passed on the #Oyo given that #Softbank still owns a sizeable chunk despite getting part secondary exit in 2019 from RA Holdings when Ritesh Agarwal took a $2 Billion debt and bought shares worth $1.3 Billion to increase his shareholding. 📌 The #hospitality industry has seen a strong post-COVID bounceback that has helped Oyo to stay EBDITA positive for eight straight quarters with Q4 FY24. 📌 Two failed attempts to list the company and a reduction in valuation expectation from $12 Billion in 2021 to $4-6 Billion during the second IPO attempt tell a lot about pressure from investors to trigger an exit for them. 📌 Oyo is also looking to raise $1 billion through dollar bonds to settle its mounting debt issues of Term B loan, with J.P. Morgan expected to be the lead banker at an interest rate of 9-10%. While the interest burden would amount to $8-10 million in the first year, it would significantly reduce the outflow by $15 Million. Related Posts: 🔗 IPO Predictions of 2024: https://lnkd.in/dhu_bE45 Follow Faraz Wadhwania

🚀 Exciting News! 🚀 I am super thrilled to announce the launch of Oraseya Capital, the $136M (AED 500M) venture capital fund of Dubai Integrated Economic Zones Authority (DIEZA) The launch of Oraseya Capital underscores a strong belief in the immense growth potential of technology startups in the UAE. By supporting amazing ventures that are in the Pre-Seed to Series B stages with investments of up to $3M, the new VC fund reflects a commitment to support these companies from early to growth stages, and propel remarkable founders and their teams towards success. And to this, I am proud to join the team as Portfolio Associate, with an active role in supporting our portfolio of investments to accelerate their growth. Special thanks to the DIEZA team for their support in making this initiative a reality. Our impact-driven team at Oraseya Capital is also looking to hire from analyst to senior positions. If you’d like to join us in this exciting journey, please send us an email - along with your CV - to info@oraseyacapital.com Watch this space for more updates about Oraseya Capital www.oraseyacapital.com _________________________ William Chappell Hassan Alfarsi Julien Plouzeau Elliott (Els) Denham Asad Sheikh Maria Corazon #VC #newfund #fundannouncement #venture #venturecapital #uae #dubai #startup #startupinvestment #hiring #startupecosystem #techinvestment #uaestartups

The shareholders of OYO approved a resolution to increase the sum by giving InCred Wealth and Investment Services a 14.37 Cr Series G CCPS. The #startup plans to use the money for international growth, which may involve buying out smaller companies in the same industry. According to earlier reports, the #business is in talks to raise another $2.3 billion at a valuation, which is a significant 77% decrease from the $10 billion at which it last received money. Read also - https://lnkd.in/g9DrcjDu To share your startup story write us on - contact@startuprise.org #Oyo #FundingNews #Investment #Valuation #Growth

Startups this week collectively raised an investment of US$ 205M in over 11 deals across multiple sectors, namely Logistic Tech, Healthcare, FinTech, Space Tech etc. with an average deal size of US$ 19M.   Logistics and warehousing player IndoSpace Logistics Parks IV (ILP IV) raised US$ 150M led by Qatar Investment Authority and Grosvenor.   Captain Fresh, B2B fish and seafood company raised US$ 20M led by Accel, Evolvence India Fund, Matrix Partners India, Prosus Ventures, SBI Investment and Tiger Global Management.   Mansatu Space, a space safety and logistics company, using technology to address space debris pollution, raised US$ 3M led by Capital 2B, Big Capital, E2MC Ventures, Wealthyvia Ventures, Roots Ventures and Riceberg Ventures.   Other notable investments include:   · Lissun, mental health technology platform, raised US$ 1.3M led by Inflection Point Ventures, Rainmatter Capital, WFC, and growX ventures · KOGO AI tarvel expert app, raised US$ 1.09M led by MapmyIndia · GoodGudi, fast lifestyle retail chain raised US$ 1M led by AC Ventures, April Ventures and Capinity Partners #weeklydeals #funding #EnablingBetterDecisions Roma Dixit Riya Tyagi Utkarsh Kumar