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[Funding News] Infra.Market Secures $27 Mn Equity and Debt Funding Round

By Team VS
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The Series E2 funding round of Infra.Market, a platform that provides construction products and services, is expected to raise a maximum of Rs 150 crore (approximately $18 million).

Just three months after the Mars Fund announced a $50 million investment, the company received the additional funds.

The Registrar of Companies (RoC) has accessed the regulatory filing of Infra.Market, which indicates that the board has passed a resolution to issue 7,028 Series E2 preference shares at an issue price of Rs 213438.7 each in order to raise Rs 150 crore or $18 million.

Innoven Capital provided Rs 75 crore ($9 million) in debt funding to the Tiger Global-backed enterprise, which is of significant importance. The company also completed its Rs 150 crore debt round, Yubi, in July. Entrackr was the first to report the development.

The company is reportedly considering a $150-200 million funding round, which appears to include the new funding. In addition, the organization is in the process of preparing for an initial public offering (IPO) and may submit its draft red herring prospectus (DRHP) in the near future.

Read also - Polymatech Investes $16.2 Mn in Bahrain

Around $540 million has been raised by Infra.Market through equity and debt. To date. TheKredible, a startup intelligence data platform, indicates that Tiger Global continues to be the largest external stakeholder, with Accel and Nexus Ventures following suit following the new infusion.

Construction materials, infrastructure products, and technical equipment are sold by Infra.Market. With an emphasis on the infrastructure sector, it is aiming to capitalize on the expanding construction materials market.

About Infra.Market

Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market is a Construction Solutions company that leverages technology to provide an enhanced procurement experience for all players in the construction ecosystem.

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Top Funding Wrap of the Week – 18 Nov – 22 Nov 2024

Indian startups raised capital to expand and become more successful. Here is this week’s Top Indian Startups Funding Roundup – 18 November – 22 November 2024

By Ayushi Jain
New Update
Top Funding Wrap of the Week – 18 Nov – 22 Nov 2024

Indian startups raised capital to expand and become more successful. Here is this week’s Top Indian Startups Funding Roundup – 18 November – 22 November 2024.

The Top Indian Startups Funding Roundup of This Week

Bain Capital

Bain Capital announced it completed fundraising for its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of funds to $9 billion. 

Zepto

Zepto, the quick commerce leader, has raised $350 million from domestic investors at a $5 billion valuation.

HealthKart

HealthKart is an omnichannel nutrition platform has raised $153 million with ChrysCapital and Motilal Oswal Alternates leading the charge. Neo Group and current investor A91 Partners also took part in the fresh round.

VoloFin

VoloFin a supply chain finance firm located in Singapore has raised $50 million in a new fundraising round from a top-five global bank in the US that wants to be anonymous because of a non-disclosure agreement.

Zopper 

Zopper is an insurtech firm based in Delhi NCR, has raised $25 million (about INR 211.2 crore) in a Series D funding round headed by Elevation Capital and Dharana Capital, with Blume Ventures, an existing investor, also participating. 

OneCell Diagnostics

Cancer diagnostics startup OneCell Diagnostics has raised $16 million in Series A funding, led by Celesta Capital, with participation from Tenacity Ventures, Cedars Sinai, Eragon, and Singularity Ventures.

KGeN

Kratos Gamer Network (KGeN), a decentralized gaming platform, has raised $10 million in funding led by Aptos Labs. Polygon and Game7 also participated in the round, increasing KGeN’s valuation to $500 million, up from $150 million in February 2023.

Locad 

Locad is an e-commerce logistics business, has secured $9 million (about INR 76 crore) in a pre-series B investment round headed by Reefknot Investments and Global Ventures.

Billion Hearts

Former Koo Co-founder Mayank Bidawatka’s new venture, Billion Hearts Software Technologies Pvt Ltd, has raised $4 million in seed funding. The round was led by Blume Ventures with participation from General Catalyst and Athera Venture Partners.

CredFlow

A pre-Series B funding round headed by two of CredFlow's current investors, Inflexor Ventures and a Singaporean family office, has collected $3.7 million (about Rs 31.2 crore) for the fintech business.

FAQ

Name the Top Indian Startup Funding Roundup in This Week (18 November - 22 November, 2024 )
Bain Capital , Zepto , HealthKart , VoloFin , Zopper , OneCell Diagnostics , KGeN , Locad , Billion Hearts , CredFlow , are The Top Indian Startup Funding Roundup in This Week (18 November - 22 November, 2024 )

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Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding News: Stay updated with the latest news and trends in startup funding and investment.

Startup News: Spotlight on Startup News, One Startup at a Time.