IPOs & Markets
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The controlling family, Lodha Group, will be selling a stake of about 7%.
Deals
Wakefit’s existing investors, including Sequoia Capital India, are likely to join the round.
Venture Capital
Blume has backed over 100 startups through multiple funds.
Policy & Regulations
The company has been asked to drop all such ads, direct or surrogate, from search results and YouTube.
Analysis
Total comprehensive loss narrowed marginally to $195.2m.
RENEE also saw participation from Edelweiss Group and existing investors Equanimity and 9Unicorns.
Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund and Canada’s Loyal VC also joined the round.
There were 131 PE-VC transactions in the month, versus 87 in Oct.
Q & A
The firm sees these markets as offering the best opportunity to invest at the moment.
