BEx Shorts

PNB Housing Finance’s stakes have fallen 5 per cent after scrapping a funding deal with a cohort of investors. Earlier on, the company reportedly sealed the deal after a long spat with the market regulator, SEBI. Under this deal, the firm issued stakes worth INR 40 billion to investors.

SaaS Labs has collected $17 million in Series A round. Eight Roads Ventures and Base 10 Partners infused in the round. It is the primary institutional infusion raised by the company that works in Philippines and India. Funds will be employed to increase its customer base and launch new offerings.

PharmEasy has sealed a $350 million funding round before filing for draft red herring prospectus ahead of an IPO. As per media reports,the firm has primarily collected nearly INR 1,505 crore from Amansa Capital, ApaH Capital, Janus Henderson, ADQ, Sanne Group, OrbiMed, Steadview Capital and Neuberger Berman.

Coal India Ltd has temporarily ceased auctioning coal to non-power customers. In addition, it decreased contracted supplies, hurting organisations working in other industries as the country is combating the worst power supply deficits in years. The country is the globe’s second biggest coal producer and also, fourth biggest reserve.

Meesho has increased its share in the fashion segment this festive season, as per RedSeer Consulting. The fashion segment attributed to nearly 17 per cent of total gross merchandise value in the festive season. On the other hand, Amazon India and Flipkart hold 70 per cent share in the fashion segment.

Pine Labs is planning to go for an IPO in less than a year. It renders services and tools throughout Asia and the Middle East. It was previously valued at $3.5 billion after the closure of a $600 million financing round. Sequoia Capital, PayPal, Temasek and Mastercard have infused in the firm.

Dutchie has bagged $350 million in the financing round. With this deal, the company is valued $3.75 billion. D1 Capital Partners led its funding round along with other investors, Tiger Global, Snoop Dog’s Casa Verde Capital, Dragoneer, DFJ Growth, and Thrive Capital. Fresh capital will be employed for R&D for its offerings.

Tala has reportedly collected $145 million in its Series E round. Upstart led its round while Stellar Enterprise Foundation participated. Other investors that infused capital are the J Safra Group, IVP, Revolution Growth, Kindred Ventures, and Lowercase Capital. The firm has garnered $350 million to date.

WayCool Foods and Products Pvt has garnered $13 million as a part of Series D round. The financing round would be wrapped in some time. In a recent tranche, existing and external investors participated in the funding round. In the previous round, the firm reportedly joined hands with InnoVen Capital.

GramCover has collected $7 million in Series A round. The company renders services to rural areas in India by assisting policy purchases across various products.Siana Capital and Inflexor Ventures led its round. Infusion will be employed to fortify tech, product offerings and also scale up the business.