Home and sleep solutions company Wakefit has gained $28 million in a Series C Funding round US based SIG. Now the company is looking forward to manufacturing home interiors and other furniture Categories.
The Good Glamm Group, has raised $150 million as a part of its Series D funding round, coled Press Ventures and Warburg Pincus. With
the fund raise, The Good Glamm Group is valued at $1.2 billion, making entry into the unicorn club.
Food Tech Startups
Hyderabad-based Troo Good has raised Rs. 55 Crores in a Series A round led by OAKS Asset Management. The D2C food tech startup plans to use the funds to expand in several Indian states beginning with its existing base in Andhra Pradesh and Telangana.
Agri-fintech startup Unnati Agri has raised Rs. 60 Crores in a series A funding round led by Incofin Investment Management, Nab Ventures, and Orios. The startup will utilise capital to strengthen its AI and machine learning tech offering for farmers and to expand the uStore Network.
Automobile & EV Startups
With the backing of IIFL Wealth Management and Edelweiss Private Equity, Ola is planning to set up a pre-IPO financing round. This funding will probably increase Ola’s valuation upto $7 billion.
Rivian has secured a position as the most valued US Automaker after Tesla with a $100 billion valuation in world’s Biggest IPO this year. Now it is planning to drive into the SUV and delivery van market.
ElectricPe has earned $3 million in a seed funding round from Bloom Venture and Micelio Fund. This Capital will benefit them by developing its deep-tech platform and enabling the access of affordable charging point via the ElectricPe app.
PharmEasy parent company API Holdings has filed a draft red herring prospectus with market regulator SEBI to raise a Rs 6,250 crore IPO. The issue will be only a primary sale of shares and the entire proceeds will go to the company