Here are the highlights:
ЁЯФР IDfy (Fund I vintage) raised тВ╣475 Cr in a round where the secondary component (тВ╣250+ Cr) actually exceeded the primary, with Neo Asset Management coming in as the big buyer and TransUnion exiting with a handsome return.
ЁЯЪЧ Spinny (Fund II) pulled off another $150M+ round at a premium after last year's $170M raise, with Fidelity entering as a new investor while Accel and WestBridge doubled down. This follows the GoMechanic and Autocar India acquisitions as Spinny continues to build a full-stack auto platform.
ЁЯУИ Raise Financial Services (AKA Dhan - Blume Founders Fund) тАФ One of India's fastest growing profitable unicorns, Dhan went from a $3M seed to a $1.2B valuation while barely raising any venture capital along the way. The round saw $120M+ in primary demand, with early backers like Hornbill, MUFG, BEENEXT, and 3one4 taking 65%+ compounded returns on partial exits.
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