Series C infusion of ₹375 Cr Cumulative funding crosses ₹665 Cr Primary and secondary capital structure Founders & strategic investors Deployment of funds Strong financial performance Growth ambitions and future outlook
Author: Himanshu Sindhi
First FIR under revised law Nature of the allegations Broader implications for operators Sector-wide turbulence Law’s sweeping provisions Industry and investor concern
Series C round led by Creaegis Valuation doubles from previous round Capital structure and deployment Debt infusion & ESOP expansion Strong growth trajectory Funding history & financials Competitive mix & market positioning
Major write-downs on US acquisitions Bankruptcy proceedings and US court approvals Strategic refocus on core business Financial distress and fallout Founder reboots with “Byju’s 3.0” Lessons for startups and investors
Pune-based integrated facility management firm CLR Facility Services has secured $15 million (~₹125 crore) in fresh funding from British International Investment (BII), the UK’s development finance institution and impact investor. This strategic investment aims to bolster CLR’s pan-India expansion, enhance vocational training, and reinforce its Environmental, Social, and Governance (ESG) initiatives while creating more inclusive employment opportunities. Fueling Expansion & Workforce Growth CLR will use the capital to: “This investment will empower us to create more opportunities for our workforce, drive innovation in facility management, and extend our impact across new markets,” said Gaurav Pathak and Gautam Pathak, promoters and…
Bengaluru-based electric motorcycle startup Oben Electric has secured an additional ₹50 crore (~$6 million) in an extended Series A round, taking its total Series A funding to ₹100 crore ($12 million) and overall funding to ₹200 crore ($24 million). The latest fundraise, completed in May 2025, saw participation from Helios Holdings, Sharda family office, the Kay family, and existing investors, signaling strong continued investor confidence in the company’s vision and growth. What’s Next: Scaling, Innovation & Retail Expansion Oben Electric plans to deploy the newly raised capital to: “The extended Series A funding is a strong vote of confidence from…
India’s leading online travel aggregator (OTA), MakeMyTrip, is set to raise over $2.5 billion in a significant financial move aimed at buying back shares from Chinese firm Trip.com Group, effectively cutting its Chinese shareholding by more than 20%. The capital raise will be executed through a combination of equity and convertible note offerings, according to regulatory filings submitted to Nasdaq. Capital Raise Breakdown MakeMyTrip will issue: At MakeMyTrip’s current stock price of $100.88, analysts estimate that—even with a conservative 10% discount—the equity issue alone could raise between $1.27–1.3 billion. When combined with the proceeds from the convertible notes, the total…
Bengaluru-based edtech startup illumine has raised $2.5 million in seed funding led by Prime Venture Partners, marking a significant milestone in its mission to reshape early childhood education with AI. This funding round includes a previously announced $779K, bringing the total seed capital to $2.5 million. The startup plans to use the proceeds to accelerate product development and expand its global footprint, according to an official press release. A Full-Stack AI Solution for Early Childhood Education Founded in 2018 by Navneet Rastogi, Purva Goyal, and Sourabh Agarwal, illumine has created a full-stack childcare management platform aimed at modernizing the fragmented…
GlobalBees Brands Pvt Ltd, a leading roll-up commerce firm and a subsidiary of Brainbees Solutions Ltd (the parent company of FirstCry), has come under legal scrutiny after an insolvency plea was filed against it at the National Company Law Tribunal (NCLT), New Delhi. The application has been filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 by the directors of Kuber Mart Industries—Ashutosh Garg, Paritosh Garg, and Manju Agarwal—alleging a default of ₹64.92 crore, including interest at 18% per annum from May 9, 2025, until the date of actual repayment. Insolvency Application at Admission Stage The plea…