Nazara Technologies and Kaleidofin Lead Recent Startup Funding Rounds
Nazara Technologies Raises ₹900 Crores
Nazara Technologies, a prominent player in the Indian gaming industry, has successfully raised ₹900 crores. This capital increase sees Mithun Sacheti of Caratlane joining the cap table with an investment of around ₹150 crores. Notable investors like Think Investments, Discovery Investments, and Ratnabali Investments also contributed to the funding round.
Acquisition of Absolute Sports
Nazara has boosted its stake in Absolute Sports, the parent company of Sportskeeda, by acquiring an additional 19.35% stake for ₹145.5 crores. This acquisition enhances Nazara's ownership to 91% of Absolute Sports.
Kaleidofin's $13.8 Million Funding
Kaleidofin recently raised $13.8 million in an equity funding round led by Rabo Partnerships. Existing investors, including the Michael & Susan Dell Foundation, also participated in the round. The funds will enhance Kaleidofin's lending portfolio and risk infrastructure aimed at improving credit accessibility for the underbanked.
DailyObjects and Other Funding Successes
- DailyObjects secures $10 million in Series B funding to expand its D2C design capabilities.
- Schmooze, an AI-powered dating app, raises $4 million to increase user engagement and product development.
- Livspace reports a loss of ₹246.74 crore despite growing revenues, underscoring the competitive nature of the home interiors market.
- Bluecopa, specializing in AI-powered Finance Operations, raises $1.8 million for growth initiatives.
- Noteworthy investment by Madhuri Dixit in Swiggy ahead of its IPO, showcasing celebrity influencer interest in tech startups.
- Samir Kumar promoted as Amazon's new Country Manager, indicating strategic leadership changes in major corporations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.