Browsing: Fundraising

Hyderabad: Enmovil, a full-stack AI supply chain planning and visibility startup, has raised Rs 52 crore (approx. $6 million) through a Series A funding round led by Sorin Investments, an early stage Indian venture capital firm co-founded by former KKR India CEO Sanjay Nayar and Caravel Group COO Angad Banga. Capria Ventures and Twynam also participated in the funding round.

Internet of Things (IoT) communications startup Comminent currently focuses on the smart metering segment, and plans to expand into large-scale deployments such as smart street lighting and water metering, founder Amarjeet Kumar told ET. It is targeting revenue of around Rs 300 crore over the next three years.

Shares of Paisalo Digital gained over 1.5% intraday on Tuesday after the LIC-backed small-cap NBFC announced plans to raise ₹50 crore via non-convertible debentures (NCDs). The move comes amid broader market softness and follows a significant correction in the stock over the past year.

Pepperfry has secured Rs 43.3 crore in funding from existing investors like Norwest Venture Partners and Goldman Sachs. This infusion follows a previous $23 million round in 2022. While revenue declined in FY24, the company has narrowed its losses and postponed its IPO plans, focusing on growth and profitability amidst competition from major ecommerce players.