upGrad raises $210 mn funding, eyes acquisitions in US, Southeast Asia

Ronnie Screwvala-led edtech unicorn upGrad said it has raised a funding of $210 million from marquee investors and Family Offices who join the company cap-table. This round has witnessed participation from ETS Global (world’s largest TOEFL & GRE Test Leader), Bodhi Tree (a JV of James Murdoch & Uday Shankar), Singapore’s Kaizen Management Advisors Pvt. … Read more

Cult.fit acquires RPM Fitness, three other equipment brands

Fitness and wellness startup Cult.fit on Monday said it has acquired at-home cardio equipment brands – RPM fitness, Fitkit and Onefitplus. The deal size was not disclosed. Cult is also making a foray into outdoor bicycles business with acquisition of brand Urban Terrain.   “The brands were built and scaled by Mohit Mathur and his … Read more

Nykaa raises Rs 2,395.84 cr in anchor book allocation ahead of IPO

Beauty startup Nykaa has raised Rs 2,395.84 crore in its anchor book allocation from 174 investors ahead of its initial public offering (IPO). The firm allocated 21,296,397 shares at the upper price band of Rs 1,125 per equity share, it said in an exchange filing.   Some of the marquee investors include Black Rock, Fidelity, … Read more

Freshworks m-cap crosses $13 bn; over 10% employees turn ‘crorepatis’

With the market capitalisation of Freshworks crossing over $13 billion on its debut day at Nasdaq Stock Exchange, around 500 employees or around 12 per cent of the company’s total staff strength of around 4,300 have become ‘crorepatis’ in India and more interestingly over 70 of them are below the age of 30 years.   … Read more

Nykaa IPO: first profitable unicorn, led by women, to tap public markets

India’s first women led profitable unicorn startup is going in for its initial public offering. Nykaa, the online beauty aggregator is looking to raise Rs 525 crore via fresh equity issuance. According to media reports the company intends to raise a total of Rs 4,000 crore. According to the company’s draft red herring proposal (DRHP) … Read more