Spinny joins club
Used car retailing platform Spinny
raised $283 million, or about Rs 2,135 crore, in series E funding round led by Abu Dhabi-based ADQ, Tiger Global and Avenir Growth, which helped it join the unicorn club.
ET had first reported the fundraise
on November 24.
The latest round includes a primary capital infusion of $250 million and a secondary sale of around $33 million by select angels and a few seed-stage investors, the company said in a release.
Shiprocket closes $185 million funding
Shiprocket, a logistics aggregator,
raised $185 million (Rs 1,380 crore) in a Series E funding round co-led by Zomato, Singapore’s sovereign wealth fund Temasek and Lightrock India, a senior company executive told ET.
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The company did not share the expected valuation after the funding round, but people briefed on the matter said it would be $900-950 million.
ET was the
first to report on September 8 the company’s plans to raise capital from Temasek.
Ola raises $139 million funding
Bengaluru-based mobility startup Ola
landed $139 million as part of its Series J (G4) funding round, led by Edelweiss PE, regulatory filings showed.
ETtechThe company paid Rs 26 crore to acquire geospatial services provider GeoSpoc, the filings also showed.
ET was the
first to report on November 12 about Ola looking to mop up $200-$250 million from investors led by Edelweiss and IIFL as part of its pre-IPO round, valuing it at $7-$7.5 billion. The company is preparing to file its draft IPO documents, as ET reported earlier.
Pristyn Care turns unicorn
Health technology startup Pristyn Care
bagged around $100 million in its Series E round, led by Sequoia Capital US, valuing it at $1.4 billion, regulatory filings accessed by ET showed.
This makes it the latest entrant to the coveted unicorn club, or those privately held companies valued at $1 billion or more.
The Gurugram-based company raised $85 million from Sequoia Capital, Tiger Global, Winter Capital and other existing investors, the filings showed. It is in the process of filing documents for another $15 million – which it has already raised – taking the total funding to $100 million.
Temasek leads $52.7 million investment in Ola Electric
Ola Electric
picked up $52.7 million in a financing round led by Temasek, regulatory filings sourced from Tofler showed.
According to the filings, Ola Electric has allotted 371 Series C preference shares at an issue price of Rs 1.07 crore each to raise Rs 398.3 crore in the round.
The round also saw participation from IIFL PE through its two funds, IIFL Special Opportunities Fund and IIFL Monopolistic Market Intermediaries Fund; Edelweiss PE; Rahul Mehta, managing partner at DST Global, who has investments in Grofers, Cars 24, Moglix, Dealshare; and Paytm founder Vijay Shekhar Sharma’s VSS Investco, among others.
SoftBank leads $50 million funding in Sense
Sense, an artificial intelligence (AI)-driven talent engagement and communication platform,
raised $50 million in new funding led by SoftBank Vision Fund II. Post this funding, Sense is valued at around $500 million, people aware of the matter said.
ET first
reported in its December 6 edition that SoftBank was in final stages of talks to invest in Sense amid a flurry of deals in the Software-as-a-Service (SaaS) companies like Chargebee, Innovaccer, among others.
Other key deals
