Insight

RPSG Capital Ventures, an early-stage consumer venture capital fund, has announced the closing of its most recent Fund II, which was valued at Rs 550 crore.

Modern e-commerce company Logistiex has raised $250,000 in a bridge round led by PACE Family Office, with participation from prominent angel investors such as Siddhant Khemka.

Fyllo, an agritech business, has raised $4 million in a new fundraising round headed by SIDBI Ventures and India Quotient. In the round were current investors Triveni Trusts, IAN, and KIAORA.

Sanjay Nayar, the former head of KKR India, co-founded Sorin Investments, an early-stage venture capital firm, which just announced the final closing of its debut fund at INR 1,350 crore.

L&T Finance and fintech startup PhonePe have established a strategic alliance to offer a wider array of financial services, such as secured home loans and financing for two-wheelers.

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.