Whiteboard Capital and Brigade REAP back fresh beverage retail startup Beverage retail brand Basil Health has raised $1.5 million (approximately Rs 12.5 crore) in a pre-Series A funding round from Whiteboard Capital, Brigade REAP, and consumer-focused Barbershop Fund. The round also saw participation from angel investors including Deep Bajaj, Siddharth Kothari, and others. The funding will support the company’s expansion as it builds a technology-led fresh beverage retail network across India. Capital to expand distribution, supply chain and brand presence The fresh funds will be used to expand Basil Health’s footprint across multiple cities, strengthen its supply chain infrastructure, and…
Author: Aman Atulya
FutureCure Health Strengthens Access to Specialised Diagnosis for Balance Disorders India’s growing burden of vertigo and balance disorders is prompting specialised healthcare expansion. FutureCure Health Private Limited, through its wholly owned subsidiary NeuroEquilibrium, is expanding its network of dedicated vertigo clinics in Gurugram to improve diagnosis and treatment outcomes for patients suffering from chronic dizziness and balance-related conditions. Nearly six crore people in India suffer from vertigo and balance disorders, yet many cases remain misdiagnosed or treated only with symptom-suppressing medication instead of addressing the underlying cause. NeuroEquilibrium focuses on identifying the root cause of vertigo, whether it originates from…
Affordable housing lender submits DRHP to SEBI Affordable housing finance company Truhome Finance has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India to raise Rs 3,000 crore through an initial public offering. The IPO will include a fresh issue of equity shares worth up to Rs 1,500 crore and an offer for sale of shares valued at Rs 1,500 crore by promoter selling shareholder Mango Crest Investment Limited. Capital to strengthen lending capacity and regulatory capital base The proceeds from the fresh issue will be used to strengthen the company’s capital base and…
Shark Tank featured spice brand strengthens ecommerce and offline distribution Shark Tank-featured spice brand Zoff Foods has raised $2 million (approximately Rs 16.5 crore) in fresh funding from JM Financial Private Equity. With this investment, the company’s total funding to date has reached around $7 million, with JM Financial India remaining its lead investor. The new capital will support the brand’s growth as demand rises for organised and branded packaged spice products in India. Capital to expand ecommerce operations and retail presence The fresh proceeds will be used to strengthen Zoff Foods’ ecommerce business and expand its offline distribution network.…
British International Investment to lead climate fintech funding Ecofy Finance, a non-banking financial company focused on climate change solutions, is set to raise Rs 380 crore (approximately $43 million) in a Series B equity round led by British International Investment. According to regulatory filings with the Registrar of Companies, the company’s board has approved the issuance of equity and Series B preference shares to raise Rs 380.5 crore. Post-allotment, Ecofy is expected to be valued at around Rs 800 crore (about $89 million). Global investors join round to support sustainable finance growth British International Investment will contribute Rs 220 crore…
Fifth fund to offer structured credit to Indian businesses 360 ONE Asset has closed its fifth private credit fund with a corpus of $400 million (approximately Rs 3,500 crore). The fund will focus on providing structured and innovative credit solutions to high-quality Indian companies seeking flexible financing options beyond traditional banking channels. Strong investor participation across institutional and private capital The fund has attracted capital from a diversified group of investors including pension funds, insurance companies, family offices, and high-net-worth individuals. The participation reflects rising institutional interest in alternative assets, particularly private credit, as investors look for stable yield opportunities…
Northern Arc Capital backs lending expansion of True Credits Fintech platform True Balance has raised $10 million (approximately Rs 83 crore) in debt funding from a group of investors including Northern Arc Capital. The capital will be used to support the growth of its lending subsidiary, True Credits Pvt Ltd, as the company expands its digital credit offerings in India’s underserved financial services segment. Capital to scale lending operations and launch new loan products The fresh debt funding will be deployed to strengthen True Credits’ lending operations and introduce new loan products tailored for Indian consumers. The company aims to…
Playbook Partners leads funding to scale SAP-led digital transformation services Digital transformation consulting firm KaarTech has raised $11 million (approximately Rs 100 crore) in a funding round led by Playbook Partners, with participation from existing investor A91 Partners. The investment values the Chennai-based company at around Rs 2,100 crore (about $231 million) post-money, according to estimates. KaarTech had previously raised $30 million from A91 Partners in July 2023, reflecting continued investor confidence in enterprise digital transformation platforms. Capital to expand North America and Europe presence The proceeds will be used to strengthen KaarTech’s global footprint, particularly across North America and…
E-commerce Firm Plans to Contest Assessment Order for FY24 Meesho has received a tax demand of nearly ₹1,500 crore from the Income Tax Department of India for the assessment year 2023–24, according to the company’s regulatory filing with stock exchanges. The tax authority issued the assessment order under Section 143(3) of the Income-tax Act along with a demand notice under Section 156, raising a total demand of ₹1,499.7 crore including applicable interest. The demand follows certain additions and adjustments made by the tax department to the income reported by the company for the financial year under review. Company to Challenge…
New Healthcare Section Offers End-to-End Support for Women’s Health Needs Healthcare platform PharmEasy has launched WomenCare, a dedicated category designed to provide comprehensive healthcare support for women across different stages of life. The new category will go live with special offers around International Women’s Day. WomenCare has been positioned as a one-stop digital destination addressing women’s evolving healthcare needs. The category features curated sections covering sexual wellness, fertility, menstrual health and intimate hygiene, PCOD management, as well as skin and haircare. The company said additional healthcare segments will be introduced over time to expand the offering. Integrated Health Services and…