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Rural Lender SarvaGram Raises $68M in Series D Funding

Pune-based digital lending firm SarvaGram has raised around $68 million in a Series D funding round led by Peak XV Partners.
The firm focuses on the underbanked but creditworthy segment of semi-urban and rural households, offering a...

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Temasek to Acquire 25% Stake in Rebel Foods Pre-IPO

Singapore's Temasek Holdings is set to acquire a 20-25% stake in Rebel Foods for $180-200 Mn.
Early investors Lightbox and Peak XV are selling their shares ahead of the company's planned IPO in the next 12-18 months.
Th...

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Peak XV Reduces Fund Size and Fees Amid Overheated Indian Market

Peak XV, the largest venture firm in India and Southeast Asia, is reducing fund sizes and lowering fees to align with its partners.
The firm is releasing backers from $465 million in obligations from its 2022 vintage funds.
Managem...

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E-visa startup Atlys raises $20 million in funding led by Peak XV, Elevation

Atlys, an e-visa startup, has raised $20 million in a series-B funding round led by Peak XV Partners and Elevation Capital.
Founder Mohak Nahta plans to use the funds for expansion, product enhancement, and scaling global operations,...

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Peak XV, Others Dump Honasa Shares Worth INR 1,602 Cr

Peak XV sold 1.23 Cr shares worth INR 610.98 Cr, while Sequoia Capital Global offloaded 28.71 Lakh shares worth INR 142.12 Cr.
Morgan Stanley and ICICI Prudential bought shares worth INR 119.67 Cr and INR 142.49 Cr, respectively.
H...

1.7K views

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AppsForBharat, the parent company of Sri Mandir, Raises $18M in Series B Funding

AppsForBharat, the parent company of Sri Mandir, has raised $18 million in Series B funding led by Nandan Nilekani's Fundamentum.
The funding round included Susquehanna Asia VC and existing investors Elevation Capital, Peak XV, and ...

2.4K views

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PayGlocal Gets RBI Nod to Operate as Online Merchant Payments Firm

PayGlocal, a Bengaluru-based cross-border payments startup, has received the online payment aggregator licence from the RBI.
The startup, focused on international payments, has also applied for a cross-border payments licence.
PayG...

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Rural Credit Startup Sarvagram Eyes $50 Million Funding Round

Mumbai-based Sarvagram is in advanced talks to raise nearly $50 million in funding.
The startup focuses on digital lending for rural households.
Expected valuation is between $170-200 million, almost double since January 2023.
Le...

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Beam Mobility Caught Deploying 'Phantom' E-Scooters to Evade Fees

Beam Mobility secretly placed extra 'phantom' e-scooters in Australian and New Zealand cities
Company allegedly provided false data to monitoring app Ride Report to understate scooter numbers
Plan aimed to generate additional $150,...

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Bira 91 Faces Supply Chain and Regulatory Challenges Amidst Funding Struggles

Bira 91, once a craft-beer favorite, is now grappling with supply shortages and regulatory issues in India's tough alcobev market.
Despite significant funding from Kirin Holdings and Peak XV Partners, Bira's beer supply has dwindled ...