Underrated Funding News: Lal Sweets (mithai) raises $40Mn

Great returns made by a visionary and finance expert, Mr. Ashneer! Funding secured for his next revolutionary startup!

- InMobi, backed by SoftBank, has raised $100 million in debt financing to enhance its AI capabilities and fund AI-focused acquisitions. - The financing was led by MARS Growth Capital, a joint venture between MUFG and Liquidity Group. - CEO Naveen Tewari emphasized AI's role in revolutionizing ad engagement and outcomes for consumers, advertisers, and publishers. - InMobi operates two core businesses: InMobi Advertising and Glance, an AI-powered content discovery platform. - Glance, with over 300 million users, aims to expand globally, supported by investments from Jio Platforms, Google, and Mithril Capital. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/inmobi-secures-100-million-debt-to-fund-its-ai-efforts-acquisitions-12819183.html)

https://techcrunch.com/2024/05/10/meesho-an-indian-social-commerce-with-150m-transacting-users-secures-275m-in-new-funding/ In current climate, great to see they’re able to raise! Folks at Meesho, some questions: - does anyone know if this is a down round? - how’s the climate inside Meesho? Appraisals, hiring etc - are all employees allowed to sell in the secondary?

- Bengaluru-based fintech startup Stable Money has raised INR 123.5 Cr (about $14.7 Mn) in its Series A funding round led by RTP Capital. - The round also saw participation from existing investors Matrix Partner and Lightspeed Ventures. - The board at Stable Money passed a special resolution to issue 77,135 Series A Compulsory Convertible Preference Shares (CCPS) at an issue price of INR 16,019 each to raise INR 123.56 Cr, as per regulatory filings. - The financing round appears to be ongoing and Stable Money is likely to raise more capital in Series A funding. - Founded by Saurabh Jain and Harish Reddy in 2022, Stable Money offers fixed-return asset investment opportunities for retail investors, such as access to fixed deposits, debt mutual funds, and bonds. Source: Inc42

The market seems a bit dry now

- Deals over $100 million making a comeback in Indian startup ecosystem after 18-month drought - Many large rounds in 2024 feature significant secondary component alongside primary capital - Secondary sales allow early backers to exit, offer better blended price for incoming investors - Companies like Rebel Foods, Purplle, Meesho seeing 50-70% of rounds in secondary transactions - Trend reflects maturing ecosystem, with investors seeking exits and startups nearing profitability Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/funding-is-back-with-a-catch-secondary-share-sales-fuel-100-million-rounds-in-indian-startups-12807483.html)