Data centre firm Princeton Digital Group raises over $500 million
Data centre company Princeton Digital Group (PDG) has closed an
equity investment of more than $500 million led by Mubadala Investment Company, which put in $350 million. Both existing shareholders in PDG – Warburg Pincus and Ontario Teachers’ Pension Plan Board – also invested in this round.
The funds will help PDG consolidate its position as a pan-Asia data centre operator by deepening its presence in Japan, India, Singapore, China, and Indonesia and accelerating its expansion plans into other markets.
PDG has a portfolio of 20 data centres with over 600MW of secured capacity, spanning five countries. The company serves hyperscalers, internet and cloud companies and financial institutions with scalable internet infrastructure and data centre services to meet the increasing demand across Asia.
MediBuddy raises $125 million in funding
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Health-tech startup MediBuddy
raised $125 million in its Series C funding round from Quadria Capital and Lightrock India.
Existing investors Bessemer Venture Partners, India Life Sciences Fund III, Rebright Partners, Jafco Asia, TeamFund LP, FinSight Ventures, InnoVen Capital, Stride Ventures, and Alteria Capital, also participated in the round, the company said in a statement.
MediBuddy raised $40 million in its Series B round over 2020 and early 2021 from investors such as India Life Sciences Fund III, TeamFund LP, and others.
The digital healthcare platform will use the latest funding to invest in customer awareness, hiring, strengthening technology platforms including data science capabilities, clinical research, and product development, it said.
Niyo raises $100 million in fresh funding led by Accel, Lightrock
Neobanking platform, Niyo,
has raised $100 million as a part of its new funding round, led by Accel and Lightrock India.
The round also saw participation from Beams Fintech Fund. Existing investors Prime Venture Partners, JS Capital also participated in this round.
According to the company, it will use the proceeds from the current round to launch new products in the lending as well as insurance space. It is also expected to use the funding for brand building, inorganic acquisitions and to bolster its team strength.
Hasura raises $100 million, becomes tenth startup unicorn of 2022
Hasura, a software company which helps developers with tools,
raised $100 million in a fresh funding round led by Greenoaks Capital. The round also saw participation from existing investors Nexus Venture Partners, Lightspeed Venture Partners and Vertex Ventures.
ETtechWith the latest fundraise, Hasura is valued at $1 billion, making it the tenth startup to enter India’s unicorn club this year. It joins the likes of edtech firm Lead School, direct-to-consumer (D2C) brand Mamaearth, analytics platform Fractal, social commerce platform Dealshare, and HR tech player Darwinbox.
The company, which is based in San Francisco and Bengaluru, plans to use the funding to accelerate research and development and expand go-to-market activities globally for its flagship GraphQL Engine. Including the latest investment, the total equity raised by the company stands at $136.5 million.
Facilio raises $35 million
Property operations software platform Facilio has
raised $35 million in a funding round led by Dragoneer Investment Group with participation from Brookfield Growth and existing investors Accel India and Tiger Global Management.
“This investment will allow us to extend our market leadership, expand sales and marketing, and enable more companies to reach success through a predictive, connected model of real estate operations,” Prabhu Ramachandran, founder and CEO, Facilio said in a statement.
Other key deals
■ Direct-to-consumer (D2C) healthy snacking brand Happilo
raised $25 million from Motilal Oswal PE (MOPE). In February last year, the startup raised $12 million from A91 Partners. The company – which sells dry fruits, trail mixes, nut protein bars and muesli – will use the funds to grow its D2C channel and distribution network, it said in a statement.
■ Vymo, an intelligent sales engagement platform for financial institutions,
raised $22 million in Series C funding round led by Bertelsmann India Investments with existing investors Emergence Capital and Sequoia Capital participating, a company statement said.
■ NewSpace Research & Technologies, a Bengaluru-based startup that specialises in drone technology
raised $21 million in a round led by Pavestone Technology Fund. The funding was raised at an undisclosed valuation. The startup aims to become a unicorn within the next five years.
