Date: 27 Nov, 2023
Rockstud feels immensely proud to say that with the partial exit transaction from Everest Fleet, the entire invested capital of the investors was returned making Rockstud Capital select few VCs in India to return the capital in the first fund cycle within 5 years. We are elated with our success and continue to do so in our upcoming RCIF-II (2nd Fund) where the investments are going to start from next quarter onwards. The Indian startup ecosystem is continuing to grow in October, with VC funding increasing for the third month in a row, thanks to moderately sized deals. Around $4.6Bn was invested across 105 deals in October, indeed showing a good sign.
Month-on-Month Funding in 2023
(Amt in $ Million)
Stage-wise Funding in October 2023
Ola Electric has raised Rs 3,200 crore in equity and debt funding from investors led by Temasek, as well as the State Bank of India, to fund the expansion of its electric vehicle business. The e-scooter maker added it will use the funds to also set up its lithium-ion cell manufacturing facility Ola Electric calls it its 'Gigafactory' in Krishnagiri, Tamil Nadu. Read More
Spacetech startup Skyroot Aerospace has secured INR 225 Cr (approximately $27.5 Mn) in a Pre- Series C funding round led by Temasek. Founded in 2018 by Pawan Kumar Chandana and Naga Bharath Daka, Skyroot builds space launch vehicles. Read More
Aequs, a precision manufacturing company, has raised $54 Mn (INR 448 Cr) in a fresh equity funding round led by Singapore-based Amansa Capital. The funding round also saw participation from Steadview Capital, Catamaran, the family office of Infosys founder N. R. Narayana Murthy, Sparta Group, the investment office of Desh Deshpande, Amicus Capital, and other individual investors.Read More
Honasa Consumer Limited (HCL), the parent company of the D2C beauty and personal care unicorn Mamaearth, is gearing up for its initial public offering (IPO) on October 31, 2023. The company had submitted a Draft Red Herring Prospectus to the Securities and Exchange Board of India (“SEBI”) on December 28, 2022. According to a Moneycontrol report, the anchor portion of the IPO is scheduled to open on October 30. Currently, there are no plans for a pre-IPO funding round. Read More
Everest Fleet, Uber & Paragon Partner backed, gives a partial exit to its early investors, Rockstud Capital & Artha Ventures. Rockstud Capital claimed to have made a return of 18.8X on its investment in Everest Fleet via this exit. Read More Here
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