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The funding round also saw participation from Sharad Sanghi, Antler India, Sandeep Singhal and Paula Mariwala.
The funding round saw participation from DoorDash, Lachy Groom, Lightspeed and Humba Ventures.
Pando.ai will continue to operate as a separate brand, with its existing product and company identity.
PB Fintech stated that the advisory does not have any material financial impact on the company.
The company’s net profit increased 8.6 times to Rs 33.9 crore in Q1 FY27 from Rs 3.9 crore a year earlier.
Talking about his fund, LPs, investment strategy, Cedar Hill Capital's founder Sahil Anand said raising capital remains challenging.
Insurance premium generated through the platform grew 41% year-on-year to Rs 8,372 crore, driven by strong growth in health and protection insurance segments.
The Bengaluru-based SaaS firm posted a net loss of Rs 9.6 crore during the quarter, compared to a net profit of Rs 0.7 crore in Q1 FY26.
Succession planning is likely to remain an area that investors will watch over long term with Cult.fit IPO expected to be largely an OFS-driven liquidity event.
The round also saw participation from a group of angel investors.
Is Zepto building the future of retail, or simply participating in an increasingly expensive race where no clear winner has yet emerged?
The round also saw participation from existing and new investors including Accel, BoldCap, Nexus Venture Partners, Premji Invest, and Unbound.
Several institutional investors picked up the shares, including Goldman Sachs, Morgan Stanley, Societe Generale, Kotak Securities, Tata Mutual Fund and BNP Paribas.
The company clocked a net profit of Rs 71.7 crore during the fiscal, as compared to a net loss of Rs 68.7 crore in FY25.
The venture capital firm expects to receive majority of the capital for the fund from foreign LPs.
Zoho said the investment is intended to make ecommerce more open, accessible, and interoperable for small businesses across the country.
The approval for the stock broking business covers fixed-income instruments like corporate bonds, government securities, and treasury bills.
Concerns around Shiprocket profitability, the still-evolving nature of its emerging business, heavy dependence on vendors continue to weigh as it prepares for IPO.
