Thursday, February 22, 2024
Outlook.com
Outlook India
Outlook Business

Fundraising

50 per cent of founders surveyed expect fundraising to get easier in coming months; 66.5 per cent currently operate with a runway of at least a year

The round was led by the Qatar Investment Authority (“QIA”), and Grosvenor’s Diversified Property Investments business

Dexter Capital Advisors were the exclusive advisors in this round of funding

HDFC Capital-backed proptech firm Reloy, which helps realtors in generating referral sales, has raised Rs 7.2 crore from investors to expand its business

The company will utilise the capital for new product launches and treatment plans based on Ayurveda

With this latest primary infusion from General Atlantic, PhonePe has now raised a total of $850 million of primary capital in the current round

Incorporated in 2021 by Amit Chawla and Shreeram Ramanathan, the company claims to equip retailers and distributors to manage better cash flows

DevX will utilise the newly generated fund to expand its business operations

With this investment, these firms join CYFIRMA’s existing investors Goldman Sachs, Zodius Capital, and Z3 Partners

The company is planning to allocate the funds to augment its operations and scale its online reach and also enhance research and development of high-end performance clothing