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Farmako raised $1.6M

Growth Manager

Farmako raised $1.6M- Grapevine

Welcome to News Discussion's Private Community

Why and how is PharmEasy getting funded so much?

Founder

https://entrackr.com/2024/04/exclusive-pharmeasy-raises-216-mn-led-by-memg-at-710-mn-valuation/

90% drop in valuation 📉☠️

Horrific scenes in the Indian startup ecosystem. From being on the verge of an IPO to raising an emergency round which shall lead to the sudden death of employee ESOPs. Crores of wealth destroyed for the employees.

A chain reaction of horror is about to unfold for late stage startups.

90% downround Pharmeasy

Product Manager

https://economictimes.indiatimes.com/tech/startups/pharmeasy-plans-rs-2400-crore-rights-issue-at-90-cut-in-share-price/articleshow/101510154.cms

Pharmeasy with a 90% cut in valuation

Software Engineer

Rare Rabbit raising $61Mn from A91 Partners

Rare Rabbit is honestly a very impressive brand

Corporate Strategist

- Aye Finance, a microlending platform, has raised Rs 250 crore ($30 million) in a Series G round led by Singapore's ABC Impact.
- British International Investment, which led Aye's Series F round, also participated in this round.
- This investment is the first from ABC Impact's Fund II, boosting the firm's assets under management to over $850 million.
- Aye Finance now operates in 398 locations across 22 states in India, offering loans to micro and small enterprises.
- The company reported a 67% increase in revenue to Rs 1072 crore for FY24, with profits tripling to Rs 161 crore. 

 Source: [Entrackr](https://entrackr.com/2024/09/aye-finance-raises-30-mn-in-series-g-round/)

Aye Finance raises $30 Mn in Series G round

Journalist

- 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

Stable Money Raises INR 123.5 Cr in Series A Funding Round

- M2P Fintech, an API infrastructure platform, is set to raise $80 million in a new funding round led by a new investor, with existing investors like Insight Partners likely to join.
- This funding round comes after two and a half years since the Chennai-based company last raised $56 million at a $650 million valuation.
- The new funds will be used to enhance tech infrastructure and accelerate growth in India and overseas markets.
- M2P Fintech's API enables businesses to offer branded financial services while ensuring regulatory compliance, operating in multiple countries including India, UAE, and Australia.
- The company, backed by Tiger Global, has acquired six companies to date and is expected to be valued at around $880 to $900 million post-money in the new round. 

 Source: Entrackr

M2P Fintech to Raise $80 Million at $900 Million Valuation

- HouseEazy, a marketplace for pre-owned homes, secured $7 million in Series A funding led by Chiratae Ventures Fund, in a mix of debt and equity
- Other investors include Veena Jindal, Antler Innovation Fund, and IA Growth Opportunities Fund.
- The company issued 3,915 shares at a face value of Rs 10 and a premium of Rs 85,666.
- HouseEazy's valuation has reached Rs 156 crore ($18 million) post-money, with potential for more funds in this round.
- Founded in 2021, HouseEazy aims to provide the best prices and instant liquidity to sellers using a proprietary machine-learning algorithm. 

 Source: [Entrackr](https://entrackr.com/2024/08/exclusive-proptech-startup-houseeazy-raises-4-mn-in-series-a/)

HouseEazy Raises $7 Million in Series A Funding

- Infra.Market is in talks to raise $150-200 million from existing and new investors ahead of its IPO.
- The company plans to file its draft red herring prospectus in December.
- Existing backers like Tiger Global, Foundamental, and Evolvence will increase their stakes.
- The valuation for this round is expected to be higher than $2.5 billion.
- Infra.Market's revenue grew 90 percent in FY23, though profit saw a 17 percent drop. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/ipo-bound-infra-market-in-talks-to-raise-150-million-from-existing-backers-like-tiger-global-new-investors-12822226.html)

Farmako raised $1.6M

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