Games24x7 raises $75 million at $2.5 billion valuation
Gaming platform
Games24x7 has raised $75 million in a funding round that was led by Malabar Investment. The latest investment values the multi-game platform at $2.5 billion, catapulting it into the unicorn club. Dream11 and Mobile Premier League are the other two unicorns in the online gaming sector.
The funding round also saw participation from existing backers Tiger Global and Raine Group.
In August last year,
Games24x7 had made a strategic investment in CricHeroes, a performance analysis platform focused on grassroots cricket ecosystem.
Edtech startup Classplus raises $70 million in funding as valuation jumps to $600 million
Discover the stories of your interest
Edtech startup Classplus, which helps educators and content creators launch online courses, has
raised $70 million in its latest round of funding co-led by Alpha Wave Global and Tiger Global. Classplus’ valuation is estimated to be roughly $600 million after the latest funding round.
According to the company, it will deploy the fresh funds to expand its presence globally, while investing in new acquisitions and partnerships.
The new round of growth capital comes only eight months after the company
mopped up $65 million in June last year.
ETtechIllustration: Rahul Awasthi
Financial services firm Finova Capital bags $65 million in funding from Norwest, others
Non-banking financial company
Finova Capital has raised $65 million from Norwest Venture Partners, Maj Invest and Faering Capital, a senior company official said.
Of the total capital, Norwest Venture (NVP) brought in $45 million, with the rest coming from other new and existi ..
The micro, small and medium enterprises or MSME-focused lender will use the funds to grow its loan book, invest in technology, expand geographically and further its vision of enabling financial inclusion at scale.
In 2020, the company had
raised $35 million from investors led by Sequoia Capital. Finova is backed by 34 banks, NBFCs and AIFs.
Vivriti Capital bags $55 million in funding from existing investors
Vivriti Capital, a mid-market lender,
has raised $55 million (around Rs 400 crore) from some of its existing investors, Lightrock India and Creation Investments in a new funding round.
With this latest round of funding, Vivriti Capital has cumulatively raised $165 million since its inception.
Pine Labs raises $50 million from PE major Vitruvian Partners at a valuation of $5 billion
Digital payments and financial service provider
Pine Labs has closed another $50 million in funding from London’s private equity major Vitruvian Partners at a valuation of just over $5 billion, according to regulatory documents in Singapore and people briefed on the matter.
Last month, it had closed
a $150 million financing from Alpha Wave Global (previously Falcon Edge) which also included a secondary share sale. The company led by fintech veteran Amrish Rau was valued at over $5 billion after this funding.
Also Read:
Pine Labs files for a ‘confidential’ US IPO to raise up to $500 million
The fresh funding includes a $15 million Esop (employee stock ownership programme) buyback at the Noida and Singapore-based firm ahead of its planned IPO (initial public offering) in the US.
Pine Labs is looking to raise around $500 million from the public markets, at a valuation of $6-7 billion.
IndMoney closes $86 million funding, valued at $650 million
IndMoney has raised an additional $11 million as part of its ongoing funding round, led by Singapore-based Sixteenth Street Capital.
The company has closed its ongoing fundraise at $86 million, valuing it at $650 million post-money.
ET reported on January 17 that the company will get another $10 million from new investors. The company had then
raised $75 million from existing investors including Steadview Capital, Tiger Global and Dragoneer Investment Group.
IndMoney has so far raised a total of $144 million.
Other key deals
â– Pep Technologies, which owns online personal care brand mCaffeine, has
raised $31 million (Rs 240 crore), led by Paragon Partners.
â– Chennai-based digital supply chain startup Wiz Freight has
raised $36 million (Rs 275 crore) in a funding round led by Tiger Global with participation from Axilor, Foundamental, Arali Ventures, Stride Ventures and Alteria Capital.
â– OneCode, a platform that provides on-ground resellers to financial firms, has
raised $13 million (or Rs 100 crore) as a part of its latest round of funding led by General Catalyst.
â– Paperplane, an AI-first digital clinic, said on Tuesday it has
raised Rs 3 crore in a funding round led by Cornerstone Venture Partners Fund.
