Browsing: Private Equity

Battery circularity company PeakAmp has raised Rs 12 crore (about $1.37 million) in a seed funding round led by Caret Capital, with participation from IIMA Ventures, Basant Sharma and Group, and other investors.

The company is also collaborating with Bharat Electronics on developing high-altitude logistics drones and has partnered with Bhutan’s Druk Holding & Investments group for pilot UAV-based logistics missions to monasteries in remote locations

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.