Zomato Eyes QIP Funds, Tetr Launches Fund, slice Raises ₹71 Cr

Zomato is gearing up to consider raising funds via qualified institutional placement, while foreign portfolio investors are trimming their stakes in Paytm below 1%. Meanwhile, Tetr College has launched a fund to support budding student entrepreneurs, and slice has secured board approval to raise INR 71.73 crore through partly paid-up shares.

In a significant exit, Zodius Capital has successfully divested its stake in OfBusiness with a $100 million secondary sale. Zepto is on the verge of securing a $100 million investment from Motilal Oswal and family offices, and TVS Capital is enhancing its leadership team with two strategic promotions.

Grab your simmering cup of StartupChai and unwind with our hand-brewed memes.

What Matters

“Soch Samajh Ke Kadam Uthayenge”: Zomato To Consider Raising Funds Via QIP

Zomato’s board is set to deliberate on raising funds through qualified institutional placement (QIP) during its meeting on October 22.

While the company hasn't disclosed the size of the potential funding, this move signals strategic steps to secure future growth. Alongside this, the foodtech giant will also review its financial performance for the quarter ended September 2024.

Read more here

“Waqt Rehte Kalti Maro”: FPIs Reduce Stakes In Paytm Below 1%

Foreign Portfolio Investors, including Societe Generale and UBS Principal Capital Asia, have reduced their stakes in Paytm to below 1% in the September-ended quarter.

Paytm’s shares responded by dipping 3% intraday, hitting a low of Rs 700 on the BSE. The sell-off reflects broader market weakness, adding pressure to the fintech giant’s stock.

Read more here

“Kaddu Katega, Sab Mein Batega”: Tetr College Floats Fund To Back Student Entrepreneurs

Tetr College of Business has launched a $10 million 'Tetr - Under 20' fund to back young entrepreneurs under 20, focusing on AI and sustainability.

With initial investments between $10,000 and $100,000, the fund aims to support at least 20 promising startups. This initiative complements Tetr's global education programs and its commitment to fostering innovation among the next generation of leaders.

Read more here

“Humari Bhi Haan Hai”: slice Gets Board Nod To Raise INR 71.73 Cr Via Partly Paid Up Shares

slice has received board approval to raise INR 71.73 Cr by issuing 22,000 equity shares at INR 33,606 per share.

The shares will be offered on a preferential basis through private placement, as per the company's RoC filing. This move signals Slice's strategic capital-raising efforts to fuel its growth in the competitive fintech space.

Read more here

“Achha Toh Hum Chalte Hai”: Zodius Capital Exits OfBusiness With $100Mn Secondary Share Sale

Zodius Capital has successfully exited OfBusiness, earning over $100 million from its initial $8 million investment through a secondary share sale.

The firm's stake was largely bought by high-net-worth individuals and family offices, marking a significant return. Following this, Z47, another early investor, is also eyeing an exit from the rapidly growing B2B platform.

Read more here

“Thodi Si Toh Lift Karade”: Zepto Close To $100 Mn Infusion From Motilal Oswal, Family Offices

Zepto is close to securing a $100 million infusion from Motilal Oswal and family offices, part of a round that’s been months in the making.

This follows its $340 million raise in August at a $5 billion valuation. With a GMV surpassing $1 billion for FY24 and 75% of its stores hitting full EBITDA positivity, Zepto is gaining strong investor confidence.

Read more here

“Janmo Ke Saathi”: TVS Capital Funds Boosts Leadership With Two Key Elevations

TVS Capital Funds is strengthening its leadership by promoting two key team members, aligning with its efforts to invest in financial services through its Fund IV.

After five years with the firm, Rajalakshmi Vaidyanathan has been elevated to the role of Principal. Similarly, Suraj Majee, who joined as an analyst in 2016 and significantly contributed to 11 investments and several exits, has also been promoted.

Read more here

1. AGNIT Semiconductors has secured $3.5 million in a funding round led by 3one4 Capital, aiming to scale its chip production for the defense sector within the next 12 months. With total funding now at $4.87 million, the company is positioning itself in a rapidly growing market.

   Read more here

2. WROGN has secured $9 million from Aditya Birla Digital Fashion Ventures, boosting ABDFVL’s stake in the men's apparel brand to 32.84%. This investment marks a significant increase from its previous 17.10% holding.

   Read more here

3. Slice has raised approximately $8.6 million from its founder and CEO, Rajan Bajaj, through partly paid-up shares. This funding comes on the heels of a recent ₹300 crore debt financing round, reinforcing the startup's growth trajectory.

   Read more here