Posts from PrivateCircle covering deals in the unlisted market
As usual, we will cover the unicorns and the mega deals first. And the next unicorn is Lead School became the third unicorn for the year, with a 740 cr funding from WestBridge and GSV at a valuation of 8135 cr. Mega deals this week WayCool raised a 870 cr series D round including a…
Read moreOfBusiness and Bizongo Raw material sourcing startup ofbusiness made big news this week with a 3540 cr fundraise from several investors including Falcon Edge chipping in Rs 1,332cr, followed by Tiger Global with Rs 761cr, and lastly, SoftBank with Rs 380cr. The rest is secondary. On similar lines, but only focused on packaging, Bizongo raised…
Read moreMega Deals The largest of the deal this week was Shiprocket raising 1400cr from Zomato, Temasek, Lightrock, and others valuing it at 7186cr. Whether it will become a unicorn before the end of the year or not is the question. CureFit raised 1088cr from Temasek, South Park Commons, Zomato, and others at a 11700cr valuation….
Read moreTiger deals this week The unicorn stories for 2021 is not yet over, this week we saw 3 more joining in the party. First is Upstox raising 185cr from Tiger at a valuation of 25330cr joining the likes of Zerodha in the year of unprecedented new investors coming into the market. Second was Spinny with…
Read moreUnicorns first Firstly, as usual, the unicorn deals. PayTM’s mega IPO is underway, albeit a tepid response, considering the previous IPOs of Nykaa and others that were massively oversubscribed. Of the 18300cr in the PayTM IPO, 10000cr is coming from existing investors in the OFS, while the rest is from the fresh equity issue. BYJUs…
Read moreFireworks in Indian Tech IPOs The week (Oct 30-Nov 5 2021) was all fireworks in IPOs, when doyens of India tech successfully closed their offers. In this list we have PB Fintech raising 5710 cr (subscribed 16 times), Nykaa raising 5352 cr (subscribed 81 times), and Fino raising 1200 cr (subscribed 2 times) in the…
Read moreUnicorns This week (Oct 23-29 2021) has to be declared the ‘week of the skin/beauty with so many deals. But before we get there, we will cover the customary unicorns minted in the week. Acko became the 34th unicorn for the year with a 1911cr raise from General Atlantic, Multiple PE, Tiger, Alkeon and others…
Read moreStrategic acquisitions The week of Oct 14-22 saw both funding and some significant strategic acquisitions involving unicorns. Largest was of course Cred raising 1882cr in Series E pushing its valuation even higher to 30750cr. Cred also made news with its plan to enter the wallet space with the acquisition of Hipbar. Pharmeasy raised 1536cr from…
Read moreUnicorns First comes the unicorns, Ola Electric raises Rs 1,485cr led by Falcon and SoftBank at Rs 22,275cr valuation, Meesho raises Rs 4,235cr in Series F round; valuation doubles to Rs 36,407cr, Tiger Global leads Rs 1,486cr in Series F round in OfBusiness at Rs 22,290cr valuation and a new unicorn add Vedantu joins unicorn…
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