Inc42 Media’s Post

B2B ecommerce platform Infra.Market has raised INR 185 Cr (about $22 Mn) in debt funding from multiple investors👇 As per the startup’s filings with the RoC, it raised the debt from digital lending unicorn Yubi (formerly CredAvenue), agriculture financing platform Samunnati, Vivriti Capital, among others, by issuing non-convertible debentures. While Yubi pumped in INR 80 Cr across two tranches, IKF Home Finance infused INR 40 Cr in the startup. Meanwhile, Raymond and Samunnati invested INR 25 Cr and INR 20 Cr, respectively, in the debt round. Vivriti Capital also invested INR 20 Cr in the B2B marketplace. The startup was looking to raise around INR 500 Cr in debt across multiple tranches. The latest fundraise is likely to be part of this INR 500 Cr. Prior to this, Infra.Market also raised INR 100 Cr in a debt round from non-banking financial company SK Finance. 🔗 To read more in detail, click here: https://lnkd.in/gYfX8vTk Souvik Sengupta Aaditya Sharda #news #funding #startup

Drone manufacturer ideaForge has allotted an additional 95,954 stock options under its Employees Stock Option Plan scheme (ESOP), 2018👇 Consequent to the above allotment, the paid-up share capital of ideaForge has increased to INR 42.98 Cr from INR 42.89 Cr earlier. Shares of ideaForge ended Friday’s trading session 0.7% lower at INR 829 on the BSE. As per the last close, the newly allotted ESOPs are worth nearly INR 7.95 Cr. This is the second instance of increment in ideaForge’s ESOP pool size in less than a month. In June, the company announced the allotment of 1,678 stock options. The development comes a day after ideaForge acquired an undisclosed amount of stake in Bengaluru-based spacetech startup GalaxEye Space for INR 8.28 Cr. 📎 To read more in detail, click here: https://lnkd.in/gED8daAs Ankit Mehta | Ashish Bhat | Rahul Singh | Vipul Joshi #news #drones #ESOPs

Indian mutual funds further increased their stake in fintech giant Paytm in the June quarter of FY25, while the share of foreign institutional investors (FIIs) in the company continued to decline👇 As per the BSE data, the total shareholding of domestic mutual funds in the company increased to 6.8% at the end of June quarter from 6.15% at the end of the March quarter of FY24. This was led by an increase in stakes of Mirae Mutual Fund and Nippon India Mutual Fund. While Nippon increased its stake in Paytm to 1.76% from 1.66% earlier, Mirae Mutual Fund increased its stake in the company to 3.92% from 3.76% in the previous quarter. FDI stakeholding stood at 37.77% at the end of June quarter versus 39.77% at the end of Q4 FY24; SoftBank’s SVF India Holdings (Cayman) Limited now holds below 1% stake. Foreign portfolio investors' stake in the fintech major also came down to 20.48% in Q1 FY25 from 20.64% in the March quarter. 📎 To read more in detail, click here: https://lnkd.in/gWbm_V2f #news #paytm #business

Did you know? India is one of the fastest-growing beauty and personal care markets in the world!💸👇 🔸 The Indian BPC market is set to grow rapidly, reaching a total GMV of $30 Bn by 2027, which will make up about 5% of the global BPC market.  🔸 With an annual growth rate of approximately 10%, it’s the fastest-growing BPC market among large economies. 🔸 According to a McKinsey report, the per capita annual spend on beauty in India will grow to $15 by 2027, up from about $10 in 2023. What are your thoughts on this? #beauty #d2c #market

For the last decade, Uber and Ola have controlled over 70% of the Indian online ride-hailing market. But in the past two years, startups and platforms such as BluSmart, InDrive, Rapido, Namma Yatri, Red Taxi, and Snap E Cabs have tried to wrestle the duopoly and grab market share👇 With over 240 Mn users worldwide, US-based InDrive is making a serious bid for market share in India with a driver-centric fare negotiation and low-commission model. Unlike Ola or Uber which typically charge up to 25% commissions for ICE rides, InDrive operates on a much lower 5% commission model and has zero surge pricing for users. But InDrive’s ride-hailing model is already being emulated by ride-hailing rivals in the Indian market, and competing with other VC-funded startups for scale or market share is easier said than done. What makes InDrive so compelling is its peer-to-peer, fair-price setting model, where passengers and drivers negotiate fares among themselves. It offers ride-hailing, intercity, freight, and delivery services in India, just like many of its competitors, but it is the pricing model which has become a key moat. Can ride-hailing hotshot InDrive smash the Ola-Uber duopoly in India? 📎 Read the in-depth article here 👇 #InDrive #ridehailing #startups #India

Foodtech major Zomato has liquidated its Slovakian subsidiary, ten years after its launch. In an exchange filing on Friday (July 12), Zomato said that its step down subsidiary Zomato Slovakia has been “dissolved” effective today 👇 Zomato announced in September last year that it had begun the liquidation process for its Slovakian subsidiary. At the time, the company said that the dissolution of the subsidiary would have no impact on its turnover. In its red herring prospectus (RHP) filed with SEBI in July 2021, the company said that Zomato Slovakia did not have any active business operations.  The food delivery giant had then pegged the Slovakian arm’s net worth at around INR 2.2 Lakh. #zomato #foodtech #subsidiary

▶️ Lenskart.com’s FY22 Revenue: INR 1,417.7 Cr ▶️ Lenskart’s FY23 Revenue: INR 3,788 Cr (A Huge 152% Growth) With cost intensive models such as D2C or Modern Retail, bigger scale means better margins. The number of online shoppers in India is expected to cross 500 Mn by 2030, thus creating a massive opportunity for brands along the way. As India steps into an aspirational economic decade, the prestigious INR 1000 Cr revenue club is no longer a far-fetched reality. Gain exclusive insights on leveraging consumer behavior, integrating cutting-edge technology, and building lasting brands that bridge the digital and physical realms at The D2C Summit 2024 - India’s Premier D2C & Modern Retail Conclave. Join 300+ India's leading D2C & modern retail leaders as we build on the theme of Building A 1000 Cr Modern Retail Brand In India! Grab your pass now: https://4-2.co/3S5WIw6 #d2c #startups #founders

Cumulative funding raised by Indian startups crossed the $150 Bn mark in the first half (H1) of 2024! Let’s take a look at some of the biggest startup funding rounds of the year so far👇 The year 2024 has shown signs of some improvement in the funding landscape:  🔸 Indian startups cumulatively raised investments worth $5.3 Bn in H1 2024, down a mere 1.8% from H1 2023’s $5.4 Bn. In contrast, funding numbers surged 7% YoY. 🔸 With Zepto raising $665 Mn towards the end of H1, there are signs that investors are loosening their purse strings. 🔸 Leading the charge from the front were fintech and enterprise tech sectors – on the back of Perfios’ $80 Mn unicorn round, the fintech sector accounted for a cumulative funding of $1.02 Bn across 84 deals. 🔸 Hot on the heels were enterprise tech startups, which raked in $813 Mn across the same number of deals. 🔸 Bengaluru continued its reign as the most-funded startup hub in India in the first half of 2024, bagging $1.57 Bn across 134 deals. P.S. For more insights on India's startup funding scenario, check out Inc42's latest “Indian Tech Startup Funding Report H1 2024”. Out now! #fundraising #startups #report

Fresh to Home achieved an incredible ₹1,300 Cr ARR with their bold UAE expansion. In 2019, right after their expansion, they faced tough challenges, but by FY23, 12% of their revenue came from this new market. Ever wondered how? At our last summit, the founder of Fresh to Home- Shaan Kadavil shared the key strategies that fueled their success in the UAE. Some of these are: 1. Find an unfair advantage 2. Try meeting an unmet need in the market 3. Learn the ropes early on 4. Have local investors and a powerful network 5. Comply with global regulation from day 1 Join us at The D2C Summit 2024 on August 8th in Gurugram – an exclusive gathering of 300+ D2C and modern retail as we decode the playbook to build INR 1000 Cr+ D2C brands in India. 1. Connect with 300+ D2C & modern retail leaders,  2. Learn from 30+ top speakers across 12+ impactful sessions, and, 3. Enjoy a networking lunch & gala dinner. Secure your pass today and take your D2C brand to new heights! Link- https://thed2csummit.co/ #TheD2CSummit2024 #FreshToHome #GlobalExpansion

BlackBuck (Zinka Logistics Solutions Pvt. Ltd.) just became the latest new-age tech startup to file its IPO –  comprising a fresh issue of shares worth INR 550 Cr and an OFS component of up to 2.16 Cr shares. Let’s take a closer look at the Flipkart-backed startup’s cap table👇 🔸 The company’s oldest backer,  Accel India, is the leading stakeholder in the company – holds a 17.07% stake, or 2.83 Cr shares, in the startup. 🔸 Under its Accel India IV fund, the firm owns 14.06% stake in the company, while Accel Growth Fund V holds 3.01% stake. 🔸 The second largest stakeholder in the startup is Flipkart’s subsidiary Quickroutes International, which holds 12.97% stake. Flipkart first invested in the startup in 2015, when it participated in its $25 Mn Series B round. Founded in 2015 by Rajesh Yabaji, Chanakya Hridaya and Ramasubramanian B – BlackBuck operates an online B2B marketplace for inter-city full truck load (FTL) transportation. It claims to be the largest online trucking platform in India, accounting for 27% market share of all truck operators. It aims to deploy INR 140 Cr from the IPO proceeds in its NBFC subsidiary BlackBuck Finserv. However, the largest chunk of capital, INR 200 Cr, will be utilised for sales and marketing activities. Besides, the startup will also spend on product development and general corporate purposes. What are your thoughts on this? #trending #tech #ipo