1947 Rise ☀️: 223
PhonePe seeks to raise $1 billion
1. Temasek backs India’s HealthKart in $135 million funding
Indian consumer nutrition platform HealthKart has raised $135 million in a new financing round as it looks to expand in international markets and shore up cash to buy firms, it said Monday.
Temasek led the Gurgaon-headquartered firm’s Series H funding, valuing the 11-year-old startup at about $350 million. The startup, which also counts Sequoia India, Sofina and IIFL among its backers, has raised about $225 million to date, according to market research firm Tracxn.
HealthKart, which sells protein supplements and health accessories, said it is currently on track to generate over $122 million in annual revenue.
2. India’s Blume Ventures more than doubles in size, raises over $250 million for new fund
Indian venture firm Blume has raised more than $250 million for a new fund, its fourth and largest.
Blume Ventures — which handles over $600 million in assets under management — will deploy the larger fund to back about 35 startups, up from 25 in the previous fund.
Its portfolio includes Unacademy, Slice, Spinny, Dunzo, Classplus, Servify, Exotel, LambdaTest, Smallcase, Euler and Pixxel.
India’s Blume Ventures more than doubles in size, raises over $250 million for new fund
1947 Rise Operator-angels podcast with Mohit Sadaani, Co-founder at The Moms Co. (India’s largest D2C exit)
- What drove Mohit into angel investing
- First few angels in the Moms Co
- How does he source deals and evaluate founders
- How to leverage your cap table
-Thought process of having Sonam Kapoor as the Brand Ambassador
- Advise for operator investors
- Who is he outside of work
Full conversation ☀️ https://bit.ly/3HyffwL
Worth your attention:
PhonePe seeks to raise $1 billion: report Link
ADIA in advanced talks to invest $400 million in Lenskart Link
Softbank-backed Snapdeal defers ₹1250 crore IPO Link
Investcorp to lead $45 mn round in Wakefit at $303 mn valuation Link
B2B edtech startup Uolo raises $22.5 million in funding led by Winter Capital Link
RENÉE Cosmetics raises $25M in Series B funding Link