Tuesday, November 28, 2023
Outlook India
Outlook Business

Kedaara Capital

The investment amount also dipped 49 per cent compared to the immediate previous quarter which saw $11.7 billion being invested across 202 deals

The company will use this fund to enhance operational expertise and deep connectivity in the financial services and technology spaces

The total ongoing funding round would increase to around $500 million if ChrysCapital participates and other early investors including SoftBank Vision, Kedaara Capital and TR Capital are clocking a partial exit

Watertec has posted an operating profit (EBITDA) of Rs 250 crore ($30 million)

Existing investors are expected to partially exit through a secondary share sale, and the investment is taking place at a valuation of $4 billion. Lenskart aims to continue expanding with 400 new stores and expects to turn profitable in the financial year...

The fund-raise will be deployed to expand its presence and outreach to Indian students enabling them to fulfil academic aspirations and lead the development of the Indian education ecosystem.