City Kalaari Financial News

16.12 / 00:17

markets wellness performer innovations rights Interviews ‘Kalaari Capital has seen more than $100 million in exits this year’

Subscribe to enjoy similar stories. Vani Kola-led Kalaari Capital has returned more than $100 million in exits in the current calendar year. This comes at a time when the backer of unicorn companies like Elastic Run, Dream11 and Upstox, among others, has pumped in around $25 million in more than 10 companies this calendar year, Kola said in an interview with Mint.

04.02 / 00:53

markets security Yellow community tennis 2020 Priyanka Gill quits Kalaari for a new experiment: a lab-grown diamond brand

Subscribe to enjoy similar stories. Priyanka Gill, a former partner at Kalaari Capital and co-founder of the Good Glamm Group, is starting her own venture after stepping down from the Bengaluru-based venture capital fund. Gill is launching Coluxe, a lab-grown diamond (LGD) brand, as demand for affordable synthetic diamonds rises.

13.12 / 01:13

markets UPS IPO Strategy Software reports Schools Bluestone likely to launch IPO at Rs 12,000-13,000 crore valuation; up 50% from last funding

Bluestone, which on Thursday filed the draft papers for an initial public offering, is expected to price the issue at a valuation of Rs 12,000-13,000 crore, a more than 50% jump from its most recent fundraising from the private market, people in the know told ET. In August, the Bengaluru-based companyclosed a Rs 900 crore pre-IPO funding round that valued it at around Rs 8,100 crore, as first reported by ET. While the IPO will see Bluestone raise Rs 1,000 crore by selling newly issued shares, sources said existing investors will sell shares worth Rs 2,000-2,100 crore, taking the size of the IPO to Rs 3,000-3,100 crore.

12.12 / 14:19

markets IPO security Strategy Software stage reports Jewellery retailer Bluestone files DRHP for IPO

draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India (Sebi) for its initial public offering (IPO), through which it is looking to raise Rs 1,000 crore in fresh capital. The IPO also includes an offer-for-sale (OFS) component through which investors such as Accel, Saama Capital, Kalaari Capital, and Hero Group’s Sunil Kant Munjal are looking to divest a total of 24 million shares. ET was the first to report on December 6 about Bluestone’s board approving the company’s plan to go public and raise Rs 1,000 crore through the process.

18.07 / 02:04

Gap DELL students Universities Schools Colleges Edtech startup ByteXL bags $5.9 million funding in round led by Kalaari Capital

Edtech firm ByteXL has raised $5.9 million in a funding round led by early-stage venture capital firm Kalaari Capital as the lead investor, along with the Michael and Susan Dell Foundation. The funds will be used for expanding the team, advancing product development, rolling out new digital tools and technologies, and expanding outreach efforts to more colleges and universities across the country.

25.06 / 00:57

Provident Platform security community exclusive reports Schools Women-focused fintech startup Lxme raises $1.2 million from Kalaari Capital, others

Lxme, a financial platform exclusively for women, has secured $1.2 million in seed funding, in a round led by Kalaari Capital through its CXXO initiative, which supports ventures led by women entrepreneurs. Notable investors participating in the round include Yash Kela, founder and chief investment officer of Singularity Ventures; Amaya Ventures; Capri Holdings; and Aditi Kothari, vice chairperson of DSP Asset Managers, among others.

09.06 / 12:35

markets Citi security Metro Actor cricket Cult.fit's e-commerce arm to drive growth, profitability by 2025

₹445 crore, while losses declined by 20% to ₹551 crore.Backed by marquee investors such as Temasek, Chiratare Ventures and Kalaari Capital, it has raised over $670 million to date, including a $10-million round led by existing investor Valecha Investments in February.Launched in 2019, Cultsport seeks to expand its footprint in India. According to a growth-stage investor, seeking anonymity, Cult.fit’s foray is a smart call, potentially creating an entire ecosystem of fitness products and services.In recent years, India's booming fitness products sector has witnessed the launch of several brands offering athleisure wear, at-home workout equipment, and fitness trackers such as weighing scales and smartwatches.

29.05 / 00:49

UPS Target FIVE Aware CEO Schools Sanjay Nayar’s Sorin Fund raises Rs 1,350 crore

Sorin Investments, an early-stage venture firm founded by former KKR India CEO Sanjay Nayar, made the final close of its maiden fund at Rs 1,350 crore, people aware of the matter told ET. The fund counts KKR cofounder Henry Kravis, and Indian family offices such as Hero Group’s Munjal family and Hong Kong-based The Caravel Group’s Banga family among its key sponsors. Sidbi-sponsored Fund of Funds for Startups (FFS) scheme, and a startup fund set up by the Uttar Pradesh state government also took part in the fundraise.

23.05 / 15:59

markets Digital wellness exclusive dance innovations Schools Fitness startup Portl raises $3 million led by Bharat Innovation Fund

Digital fitness and wellness startup Portl has raised $3 million in a funding round led by Bharat Innovation Fund. The round saw participation from T-Hub Foundation and existing investor Kalaari Capital. The fresh capital infusion will help the 2021-founded startup’s product development, market expansion, and enhancement of its artificial intelligence (AI) systems.

15.05 / 13:29

Citi Platform security exclusive hospital reports rights Red.Health secures $20 million in Series B

BENGALURU : Red.Health, a healthtech startup backed by Kalaari Capital, has secured $20 million in a Series B funding round, in a combination of equity and debt, led by Singapore-based venture capital firm Jungle Ventures. The round also saw participation from both existing and new investors, including HealthQuad, HealthX, and Alteria Capital, the company announced on Wednesday. This fresh injection of capital comes as a significant relief for Bengaluru-based Red.Health, which has faced considerable financial challenges over the past year.

05.04 / 05:31

FIVE Platform performer Schools Winzo Games records Rs 120 crore operating profit in FY23

Winzo Games posted an operating profit of Rs 120 crore in FY23, according to financials submitted to the Ministry of Corporate Affairs. Winzo Games also saw its revenue grow 182% from Rs 242 crore in FY22 to Rs 687 crore in FY23.

03.04 / 08:25

markets FIVE Platform Strategy Sustainability inclusion reports WinZO Games posts ₹120-crore operating profit in FY23 after similar loss in FY22

₹120 crore in FY23, after positing a ₹120 crore loss in FY22, according to financials submitted to the Ministry of Corporate Affairs. Founded in 2018 by second-time entrepreneurs Paavan Nanda and Saumya Singh Rathore, WinZO Games saw its revenue surge 182% from ₹242 crore in FY22 to ₹687 crore in FY23.

07.03 / 07:19

Google show country reports Female founders in India face funding biases, receive $300 million in nine-month: Report

Edtech firms bet on upskilling, higher education amid funding gloom In January this year, ventures with at least one female founder raised $74 million- 16% of the $461.7 million. Indian women excel in punctual loan repayments compared to men, shows study Fireside Ventures, Titan Capital, Rainmatter Capital, She Capital, Better Capital, Stride Ventures, Whiteboard Capital, Google for startups, Mumbai Angels, Lightbox, and All In Capital are among the leading investors that have funded women-founded ventures.

25.02 / 15:55

markets COST Sony Instagram country Videos Aastey’s Jeevika hits out at Shark Tank judge Namita Thapar over her comments about startup’s spending on marketing

₹10 crore from investors and spent the entire amount primarily on marketing. Reacting to Namita’s comments, in the video post Jeevika alleges that Sony on which Shark Tank is broadcasted has edited some part of the episode themed “Is this financial indiscipline". Jeevika claims the edited part of the episode was about startup’s spendings on inventory, business operations, and manpower cost.

13.02 / 07:15

Aware Platform Healthcare trends show hospital testing Kalaari Capital-backed Red.Health struggles to clear salaries

Mint’s queries. “Our funding round is closed and we are awaiting money to be wired this week. Basis that, and to manage working capital we had given a choice to old employees to hold salaries back.

03.12 / 01:15

FIVE Digital Gap Entertainment Mobile Sony audience Game theory: How fortunes of India's gaming industry turned from being a sunrise sector

Candy Crush or Ludo King on our phones. In doing so, we helped the gaming industry go from something nifty to kill time with to a $3-billion omnipresent behemoth. In fact, it’s pegged to reach $7.5 billion worldwide in the next five years. In India, the sector has strengthened its roots with 568 million gamers, many of whom also participated in the 2022 Asian Games, where esports made its official debut.

25.10 / 06:42

Booking Arrow film Instagram Celebrity stars gatherings Dussehra 2023: From Anand Mahindra to Alia Bhatt, celebs & bosses gather on social media to bid farewell to Ma Durga

Dussehra (also known as Vijayadashami in West Bengal), was observed on October 24. Many celebs and public figures took to X (formerly Twitter) to wish their fans and well-wishers a joyous Dussehra. Sachin Tendulkar, the GOAT (Greatest Of All Time) of cricket wished his fans a safe and happy Dussehra to his followers and encouraged them to “keep batting for the right cause,” as the day signifies the victory of good over evil.

10.10 / 07:03

UPS Digital CEO Strategy SaaS startup AuditCue raises $1.5 million in funding round led by Kalaari Capital

AuditCue on Tuesday said it has raised $1.5 million in a seed funding round led by Kalaari Capital. Other investors who participated in the round included Java Capital and angel investors from San Francisco.

22.08 / 12:35

UPS Provident Google Platform Dreams love AWS and Campus Fund's Grand Challenge Is Back, in Search for Student Start-up of the Year 2023

Best Student Led Startup of the Year. Grand Challenge aims at providing a competitive and best-in-class platform for student entrepreneurs to showcase their innovation, transform their dreams into reality and to shine on this national platform.

05.08 / 04:51

Digital Platform Instagram country audience social The big bang emergence of collaboration apps for creators to like, share & subscribe

If you can trust them with your money, it shows how connected society has become with them. With millions of digital creators scattered worldwide, the reach of their influence is undeniable.

28.07 / 10:25

UPS Action LinkedIn Dreams Latin Want to find purpose in life? Kalaari Capital MD Vani Kola has a 4-step exercise for you

purpose in life can define an individual — from helping set goals and prioritise actions to navigating challenges with resilience. It gives life meaning and direction and leads to improved mental well-being. Businesswoman Vani Kola also believes that finding a purpose can also define people.

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