Digital payments solutions startup MobiKwik has raised about $13.3 million (Rs 100 crore) in funding from Bennett Coleman and Company Limited (BCCL) ahead of its planned initial public offering (IPO), Inc42 reported.
As part of the transaction, MobiKwik has issued 8,83,159 equity shares to Bennett Coleman and Company Limited, the parent company of Times Group. Post the latest infusion, Bennett Coleman and Company Limited will hold 2.63% on a fully diluted basis, the report said.
MobiKwik’s IPO offer includes an issue of fresh shares worth Rs1,500 crore and secondary shares worth Rs400 crore. While Rs 100 crore has been already raised in the latest round, MobiKwik may raise the remaining Rs300 crore from investors in the coming days.
MobiKwik had received approval for its IPO from SEBI on October 9.
The Gurugram-based company became the 32nd Indian unicorn in 2021 after concluding a secondary transaction at $1 billion valuation, per an earlier Mint report.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India announced from December 28, 2021-January 2, 2022.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|MobiKwik||Gurugram||13.3 million||-||Bennett Coleman and Company Limited||-||Financial Services||Fintech|
|SecureNow||Gurugram||6 million||-||Apis Insurtech Fund I, Charan Singh||-||Insurance||Insuretech|
|Zetwerk||Bengaluru||210 million||Series F||Greenoaks Capital||ICONIQ Strategic Partners, D1 Capital Partners, Steadview Capital Mauritius, Avenir Zetwerk Investors, Lightspeed Venture Partners||Industrial Machinery||N/A|
|Mamaearth||Gurugram||52 million||Series F||Sequoia Global||Belgian Sofina Ventures SA, Evolvence||Consumer Products||E-commerce|
|GlobalBees||Delhi||111.5 million||Series B||Premji Invest||Steadview Capital, SoftBank||Retail||E-commerce|
|FPL Technologies (OneCard)||Pune||76 million||Series C||QED Fund, Ocean View Investment||Sequoia Capital India, Matrix Partners India, Hummingbird Ventures||Financial Services||Fintech|
|Hakuna Matata Solutions||Chennai||1 million||-||Hardcastle Petrofer||-||IT Infrastructure||Infrrastructure|
|Bummer||Ahemdabad||100,422||-||Aman Gupta, Namita Thapar||-||Retail||E-commerce|
|Karkinos Healthcare||Mumbai||-||-||Reliance Digital Health||-||Healthcare Specialist||HealthTech|
|BangDB (IQLECT)||Bengaluru||-||Bridge||TEN Innovate||-||Software||Big Data|
|Neemli Lifestyle||Mumbai||-||-||G.O.A.T Brand Labs||-||Consumer Products||E-commerce|