Research and News
Funding Rounds
| Target | Vertical | Key investors | Deal value | Valuation | Date |
|---|---|---|---|---|---|
| Kalamansi InteriorsFull-home interiors for first-time buyers | Home & living | Mangrove Growth Partners, Larkspur Ventures, Banyan Steps Fund | $18.8mn | — | Sep 28 |
| Kaveri CreditEmbedded insurance for consumer brands | Fintech | Larkspur Ventures | $14.3mn | $103.1mn | Sep 29 |
| Kokum BasketTen-minute grocery delivery in tier-2 cities | Quick commerce | Cobalt Ridge Partners | $10.7mn | — | Sep 28 |
| HalcyonSkinFragrance and body care for young shoppers | Beauty & personal care | Mangrove Growth Partners, Harbourlight Partners, Ninefold Partners | $7.3mn | — | Oct 2 |
| Halcyon NestModular furniture for rented homes | Home & living | Monsoon Bridge Capital, Larkspur Ventures | $7mn | — | Oct 1 |
| Pebble EatsGrab-and-go coffee kiosks in transit hubs | Food services | Tamarisk Family Office, Fernhill Ventures, Cobalt Ridge Partners | $5.8mn | — | Oct 2 |
| Sandalwood KitchenSpecialty coffee for home brewing | D2C food & beverage | Copperleaf Capital | $5mn | $33.6mn | Oct 1 |
Daily Deal Flow
| Company | Details | Stage | Investors | Amount | Date |
|---|---|---|---|---|---|
| HalcyonSkin | Secures $7.3mn to expand beauty & personal care operations in the Philippines | Pre-Series A | Mangrove Growth Partners, Harbourlight Partners, Ninefold Partners | $7.3mn | 2 Oct |
| SandalwoodMinds | Secures $4.6mn to expand edtech & schools operations | Series A | Mangrove Growth Partners, Copperleaf Capital | $4.6mn | 2 Oct |
| Pebble Eats | Raises $5.8mn led by Tamarisk Family Office | — | Tamarisk Family Office, Fernhill Ventures, Cobalt Ridge Partners | $5.8mn | 2 Oct |
| NarraByte | Early investors sell a 4% stake in a secondary transaction | — | — | — | 2 Oct |
| Sandalwood Kitchen | Raises Rs 42.5 Cr Pre-Series A led by Copperleaf Capital | Pre-Series A | Copperleaf Capital | Rs 42.5 Cr | 1 Oct |
| Halcyon Nest | Raises Rs 59.5 Cr Series A led by Monsoon Bridge Capital | Series A | Monsoon Bridge Capital, Larkspur Ventures | Rs 59.5 Cr | 1 Oct |
| Emberline Capital | Final close of $169mn for its early-stage consumer fund | — | — | $169mn | 30 Sept |
| Saltpan Capital | First close of $105mn for Fund III | — | — | $105mn | 30 Sept |
| MoringaAI | Raises Rs 17 Cr Seed led by Quillstone Ventures | Seed | Quillstone Ventures, Monsoon Bridge Capital, Larkspur Ventures | Rs 17 Cr | 30 Sept |
| VetiverRide | Files draft papers for an IPO of Rs 722 Cr | — | — | — | 30 Sept |
1–10 of 17
Funding by Segment
US$ mnDeals by Stage
countM&A this week
Quill Classes → Lattice LearnEdtech & schools100% stake$7.9mn
This Week in IPOs
3 main-board issues listed this week, led by Saffron Rail Systems at +28.1% on debut. 1 companies filed draft papers and 0 issues open for subscription next week. Illustrative figures, generated for this demo.
| Listed last week | Industry | Offer size | Market cap | Listing gain | vs last close |
|---|---|---|---|---|---|
| Clearwater Diagnosticslisted Oct 1 | Diagnostics | ₹2,169 Cr | ₹11,702 Cr | −11.2% | −5.9% |
| Northgate Pipeslisted Sep 30 | Pipes & Fittings | ₹1,635 Cr | ₹4,900 Cr | −6.9% | −1.2% |
| Saffron Rail Systemslisted Sep 30 | Engineering | ₹657 Cr | ₹4,429 Cr | +28.1% | +20.1% |
DRHP filings last week
Riverbend TextilesTextilesSep 30
Subscription windows opening
Ecosystem Developments
- Average seed cheque size rose to USD 2.2mn, from USD 1mn a year ago.
- Two Philippine grocery chains announced combined plans for 240 new stores next year.
- Venture debt issuance reached USD 171mn for the month.
- Quick-commerce players added c.82 dark stores across India over the month.
- Lantern Learn became the latest D2C brand to open its first offline store.
Unicorn Watch
Latest entrants
UbeLogicMoringa BasketCoral Works
Soonicorns
CinderMoneyHalcyonLabsKiran FarmChai RideChai Mart