MapmyIndia raises Rs 312 Cr in its anchor book from 24 marquee foreign and domestic investors
C.E. Info Systems (MapmyIndia), provider of advanced digital maps, geospatial software, and location-based IoT technologies, has raised Rs 311.88 crore in its anchor book, ahead of its initial share sale that opens for public subscription on Thursday and closes on Monday.
The price band for the Offer has been determined at Rs 1000 – Rs 1033 per equity share.
Marquee foreign portfolio investors including Fidelity, Nomura, Goldman Sachs, Morgan Stanley, Aberdeen, HSBC and White Oak were allocated equity shares by MapmyIndia into the anchor book.
Leading domestic mutual funds such as SBI, HDFC, ICICI Prudential, Birla, Nippon, Tata & Sundaram and life insurance companies such as HDFC Life and Tata AIA Life also participated in MapmyIndia’s anchor book.
The IPO consists of a pure offer for sale of 10,063,945 equity shares by its existing shareholders and promoters, comprising up to 4,251,044 equity shares by Rashmi Verma, up to 2,701,407 equity shares by Qualcomm Asia Pacific Pte Ltd, up to 1,369,961 equity shares by Zenrin Co., Ltd and up to 1,741,533 equity shares by other selling shareholders. The Company will not receive any proceeds from the Offer.
D2C startup Clensta International raises Rs 20 Cr as Series A from Hem Angels, others
Direct-to-Consumer (D2C) personal and home care products startup, Clensta has raised over Rs 20 crore in a Series A funding from Hem Angels part of Hem Securities Limited, Venture Catalysts and Inflection Point Ventures. N+1 Capital (RBF), the existing investors along with other marquee investors also invested in this funding round, the IIT-backed startup said in a statement.
The funds raised will be used to scale up the company’s sales, ramp up brand marketing and expand Clensta’s online and offline presence across India. The brand has achieved a CAGR of over 130% and aims to earn Rs 1000 crore revenues in the next 5 years.
The five-year-old startup founded by Puneet Gupta in 2016, started with the flagship products based on Waterless Technology (Waterless Body bath & Shampoo) to enable bathing without the use of water.
Healthtech startup Astrek raises Rs 75 lakh in funding led by IAN Fund
Astrek Innovations, a healthcare startup working on rehabilitation and assistive robotics, has raised Rs. 75 lakh in a funding round led by IAN Fund. This raise will help the company to accelerate the development of their products, establish clinical trials, and enable early market tests.
The Kannur-based company is incubated by CIE, IIIT Hyderabad and supported by Kerala StartUp Mission (KSUM), Kerala State’s nodal agency for entrepreneurship development.
Founded by Robin Kanattu Thomas and Jithin Vidya Ajith, Astrek has been working on an exoskeleton-based wearable suit, Unik Exo, since its inception in September 2018.
Prior to the recent funding, Astrek Innovations has received multiple grants for various projects over the years, including the Kerala Startup Mission Ideation and Productisation Grants and the Nidhi Prayas Grant from CIE, IIIT Hyderabad.
