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- The parent company of fantasy sports platform Dream 11 - Dream Sports has raised $400 million in its second round led by TCV, Falcon Edge, and D1 Capital Partners. The US-based growth equity firm TCV has laid its first investment in India which has earlier backed global tech giants like Netflix, Peloton, Airbnb, and Sportradar. The financing round was also led by existing investors like ChrysCapital, Tiger Global, TPG Growth, Steadview Capital, and Footpath Ventures. Falcon Edge Capital which was co-founded by Navroz Udwadia, invested in the round via Alpha Wave Incubation or AWI.
- Zetwerk, a business-to-business marketplace for custom manufacturing has brought back employee stock options ESOPs worth $8.3 million from its employees and early backers. Although, the organization did not disclose the precise number of employees and the name of the early backers participating in the program. Moreover, it is worth noting that Zetwerk had recently finished its $120 million Series D round. Zetwerk counts Kae Capital, Sequoia Capital, Greenoaks, and Accel Partners as early backers.
- Mobikwik, a digital payments platform has recently raised $7.2 million in a found round for the Gurugram-based company before going for an initial public offering. The digital payments platform has recently approved the allotment of 42,159 preference shares at an issue price of Rs 12,450 per share to raise $ 7.2 million Rs. 52.5 crore, as per regulatory filings. The filings further reflect that this fundraise is IPO specific and will be used for listing expenses and the company will raise more in this pre-IPO round.
- Purplle, an online beauty, and cosmetic selling platform has raised $45 in its Series D round from Sequoia, Capital India, Blume Ventures, Verlinvest, and JSW Ventures. The Mumbai-based startup, Purplle had earlier raised $30 million in a Series C round led by Goldman Sachs, a global investment banking major in December 2019. The online beauty brand, Purplle has over 1,000 brands with nearly 50,000 products available on its website and app. The beauty marketplace has more than seven million monthly active users.
- Behtar, a franchise model retail store brand is in late-stage talks to scoop up $25 million in a fresh financing round led by Sequoia Capital, according to three people who were aware of the details of the transaction. This will be the third financing round for Behtat where they preferred to stay away from the media limelight.
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