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The Gurugram-based company's net profit increased 43% to Rs 193 crore in Q2 FY27 from Rs 135 crore in Q2 FY26.
The round also saw participation from Equirus InnovateX Fund and angel investors.
The board has cleared the allotment of up to 2.64 crore equity shares at Rs 314.11 per share to a group of non-promoter investors.
The fresh capital will be used for product development, customer deployments, and expanding its engineering teams across the US, India, and Israel.
The board is scheduled to meet on September 17 to evaluate various fundraising options, including the issuance of equity shares, warrants, convertible securities, or other approved instruments.
Enrission India head Harsh Deodhar says that its association with Indian IITs is a "good selling point" to the Japanese LPs.
Certain assets of the RemitX forex and cross-border business will be transferred to Niyo's subsidiary Kanji Forex.
The acquisition comes just months after C2i Semiconductors raised Series A funding led by venture capital firm Peak XV Partners.
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 company's loss ratio increased to 73.3% during the quarter from 70.3% a year ago.
For the fourth quarter of FY26, the company posted its first-ever quarterly net profit of Rs 3.1 crore but the profit included a deferred tax asset of Rs 8.2 crore.
The registration is valid from July 13, 2026, to July 12, 2029, allowing the company to distribute mutual fund products.
The funding round also saw participation from a group of angel investors.
Aspora, which aims to become neobanks for NRIs, built its tech infra for NRI banking in 2024. But...
Loan disbursements rose 37% year-on-year to around Rs 3,812 crore during the first quarter of FY27.
The venture capital firm had raised Rs 600 crore for its second fund and was expecting to hit the first close of the third fund this year.
The company’s Rs 883 crore public issue, priced between Rs 144 and Rs 152 per share, was subscribed just 1.2 times.
The chip is the first in what it describes as a multi-generation compute platform
The company allotted 2.61 crore equity shares to anchor investors at Rs 152 apiece, the upper end of its IPO price band.
