Viestories

Wealth management platform Wealthy has raised Rs 45 crore ($5.4 million) from Falcon Edge's Alpha Wave Incubation Fund.

Sterlite Power, a leading power transmission company, has successfully achieved financial closure for its Neemrana II Kotputli Transmission Limited project. The project has secured funds totaling INR 1373 crore from Power Finance Corporation (PFC).

D2C ethnic apparel manufacturer Libas has raised INR 150 Cr. In a strategic fundraising round led by ICICI Ventures, the alternative investment division of ICICI Bank.

Rebel Foods, a cloud kitchen company, has raised $13 million from Alteria and InnoVen Capital to pay off debt. Following its final equity round in 2021, EatSure's parent business is now on its fifth debt financing round.

Avendus, a domestic financial services company, has opened the $350 million (INR 3,000 Cr) Future Leaders Fund (FLF) III, a late-stage fund.

Chocolate businesses can also be started from home. Making homemade chocolates and getting into online selling presents an attractive and profitable business as well.

Fintech company Vegapay, which focuses on business-to-business (B2B) transactions, has raised $5.5 million in an equity investment round headed by Elevation Capital and including participation from current investor Eximius Ventures.