Led by ChrysCapital and Motilal Oswal Alternates, the secondary round valued the firm at over $500 million, up from its $370 million valuation during its previous capital raise in 2022.
The venture fund said it plans to make follow-on investments exclusively into companies of previous funds, as co-investors with growth-stage funds in Series B, C and D rounds.
In a statement, the company said it will use the capital raised for the growth of in-house D2C (direct-to-consumer) brands, increase offline distribution, expand international operations, and make select acquisitions.
OYO Rooms, an online budget hotel aggregator is touted as one of India's most disruptive startups and its 21-year old founder Ritesh Agarwal for all practical purposes is the entrepreneurial ecosystem's new poster boy.
RWL Healthworld Ltd. (formerly known as Religare Wellness) has been re-branded as Fortis Health World; and is successfully running a leading ...
A degree from Stanford or Harvard Business School would automatically win anybody tickets to a lucrative job. And it was no different for Sameer Maheshwari and Prashant Tandon. Maheshwari and Tandon quit their jobs to start, Healthkart.com, a one stop online shop for healthcare needs.