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Nexedge plans to use the fresh capital to strengthen its technology platform, expand its senior banker network and increase its presence across India, including in tier-II and tier-III cities.
The transaction marks Y Combinator’s second significant share sale in Groww this year after the six-month lock-in period for investors ended following the startup's listing late last year.
The court said police can freeze bank accounts during an investigation without prior Magistrate approval, while also upholding scrutiny of Jar’s digital-gold business under criminal law.
The funding round also saw participation from other existing investors Peak XV Partners, RTP Global, and Z47.
The company will use the fresh capital to expand its network of wealth creators, and enhance its AI-powered wealth management platform, among others.
Total expenses of the company increased 25% to Rs 555.7 cr.ore during the quarter
Swaminathan has been part of Scripbox since 2016, beginning his journey in a growth-focused role.
While the app will remain accessible until July 30, it will cease functioning thereafter.
The round also saw participation from Boundless Ventures, iOPEX Technologies, and angel investors Amit Sheth and Bhavin Manek.
Goldman Sachs Bank Europe SE purchased the entire stake in the transaction.
The app it said is designed around a goal-based investing approach, allowing users to invest in stocks, mutual funds, SIPs and IPOs.
The funding round also saw participation from CDM Capital, AC Ventures, Operators Studio, and several angel investors from India and the US.
CEO Lalit Keshre sold shares worth Rs 18.6 crore, while Harsh Jain, Neeraj Singh, and Ishan Bansal also sold part of their holdings.
Stratzy will continue to function as an independent, wholly owned subsidiary under Raise.
The funding round also saw participation from existing investors Lightspeed and Info Edge Ventures.
The investigation unit has registered a case under the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019, and the probe is on.
The funding round saw participation from Z47 (formerly Matrix Partners), RTP Global, and Fundamentum Partnership.
The funding round saw participation from angel investors such as Rishi Kohli, CIO at Jio BlackRock AMC.
Eight Roads Ventures and Rainmatter Fund participated in the funding round.
Jar's net loss narrowed significantly to Rs 50.5 crore in FY25 from Rs 104 crore in the previous fiscal.
