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BEx Shorts

Tiger Global Management Raising 13th Investment Vehicle
Short by BEx Bureau / BusinessEx /January 15, 2021

Tiger Global Management is raising its 13th global private investment vehicle of corpus $3.75 billion. According to the media reports, the new fund would have closure in March. The transaction is crucial for the Indian business ecosystem as the company has been active for a long time now.

read more at https://www.vccircle.com/
Gegadyne Energy Labs Pvt Ltd Bags $5 Million Infusion
Short by BEx Bureau / BusinessEx /January 15, 2021

Gegadyne Energy Labs Pvt Ltd has received a strategic infusion of $5 million from V-Guard Industries Ltd. Jubin Varghese and Ameya Gadiwan led the company’s funding round. The company claims to have eco-friendly and energy-efficient alternatives to conventional lithium-ion batteries that charge 100 per cent in close to 15 minutes.

read more at https://www.vccircle.com/
ThoughtWorks Bags $720 Million from Investors
Short by BEx Bureau / BusinessEx /January 15, 2021

ThoughtWorks has bagged $720 million from investors viz. GIC, Fidelity Management and Research, Siemens AG and Mubadala Investment Company. With this transaction, the company’s valuation has increased to $4.6 billion. Fresh capital will be used to re-buy equity from investors and infuse in growth as well as global expansion.

read more at https://economictimes.indiatimes.com/
Digit Raises INR 135 Crore in Funding Round
Short by BEx Bureau / BusinessEx /January 15, 2021

Digit has raised INR 135 crore in the latest funding round. A91 Partners, TVS Capital and Faering Capital led the company’s round. With this transaction, the company’s valuation has increased to $1.9 billion and consequently, become the first unicorn of 2021. 11 startups became unicorns in the last year.

read more at https://economictimes.indiatimes.com/
Rage Coffee Raises Capital from GetVantage
Short by BEx Bureau / BusinessEx /January 14, 2021

Rage Coffee has raised growth capital from GetVantage. The investment will aid the startups in attaining an increase in sales and expanding its distribution nexus. In the previous year, the company had garnered capital from a cohort of investors; Refex Capital led that funding round of the company.

read more at https://www.vccircle.com/
Ergos Business Solutions Pvt Ltd Secures INR 22.5 Crore from CDC Group Plc
Short by BEx Bureau / BusinessEx /January 14, 2021

Agritech company, Ergos Business Solutions Pvt. Ltd has garnered INR 22.5 crore from the English company, CDC Group Plc. With this transaction, the agritech company has closed its series A round at INR 81 crore. In last year, Ergos had garnered INR 35 crore from Aavishkaar Capital.

read more at https://www.vccircle.com/
ReadyAssist Bags Nearly INR 7.3 Crore in Seed Round
Short by BEx Bureau / BusinessEx /January 14, 2021

ReadyAssist has garnered nearly INR 7.3 crore in the seed funding round. Satish Grampurohit, which is an existing investor, led the funding round. Other investors, Visweswara Gupta Kothamachu, Siddramesh Nara, Praveen Kumar, Nagaraj Srinivasa, Vijay Sambamurthi, andHarish Srinivas Gudi also participated in the round.

read more at https://economictimes.indiatimes.com/
Rapyd Secures INR 2,194.4 Crore
Short by BEx Bureau / BusinessEx /January 14, 2021

Rapyd has secured INR 2,194.4 crore in funding round. Coatue led the company’s round. Other investors, Spark Capital, Latitude, Avid Ventures, and FJ Labs in the series D funding round. On the other hand, current investors that participated are General Catalyst, Tal Capital, and Entree Capital, among others.

read more at https://economictimes.indiatimes.com/
SSA Finserv Secures $3 Million from Blue Ashva Sampada Fund
Short by BEx Bureau / BusinessEx /January 12, 2021

SSA Finserv has garnered $3 million to enhance its operations. Blue Ashva Sampada Fund has infused in the company. Fresh capital will be employed to enter Tier-I and Tier-II cities and augment the network. The company provides a series of loans like collateral-backed business loans and sales bill discounting etc.

read more at https://www.thehindubusinessline.com/
Stakeboat Capital to Raise Second Fund of INR 1,000 Crore
Short by BEx Bureau / BusinessEx /January 12, 2021

Stakeboat Capital is going to raise its second fund of INR 1,000 crore. It is planning to approach domestic and global HNIs. It rolled out its maiden fund to invest SMEs in their growth stages. Last year, GSK Velu’s PE fund got approval from SEBI to establish Fund-II.

read more at https://www.vccircle.com/
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