Equity360

BillionE - an emobility platform , an e-Mobility as a Service (eMaaS) platform, said it has raised $10 million in a seed round of equity and asset lease funding. HNIs (high net-worth investors) and family offices participated in the funding round. The company will use the fresh funds to deploy electric tarmac buses at the Bengaluru International Airport and develop a mid-mile heavy electric trucks platform, according to a statement.
Gujarat-based BillionElectric says that it aims to provide a wide range of services, including electric vehicles, charging infrastructure in collaboration with CHARGE+ZONE, and an integrated e-Mobility platform.
The platform also plans to support commercial electric vehicles. “Over the last two years of product development and software innovation, this is our significant investment as it serves as a powerful catalyst in our mission to reshape the transportation landscape and offer cutting-edge, cost-effective, and sustainable mobility solutions to businesses and individuals alike," said Kartikey Hariyani, Co-Founder, Chief Platform Architect, BillionElectric.

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Lumikai Fund, an investment fund focused on gaming and interactive media, on Thursday launched its second fund (Fund II) targeting a $50 million corpus from global investors. These funds will be utilised to support promising gaming and interactive media entrepreneurs in India, ranging from pre-seed to Series A investments. Additionally, the venture capital fund is inviting domestic rupee capital with the setup of a dedicated $10 million alternative investment fund for Indian limited partners. With this, Lumikai's overall investment in India's gaming and interactive media industry will exceed $100 million, taking into account its previous Fund I, which managed $40 million.
Fund II aims to identify and invest in 18-20 category-leading bets, Salone Sehgal, Founding GP of Lumikai

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Bengaluru-based Drools Pet Food Private Limited has raised $60 million in funding from global consumer-focused investment firm L Catterton. This marks L Catterton's venture into the pet food sector in India. The company has significant experience in building brands in the pet food space around the world. Drools hopes to leverage the US-based investment firm's expertise in the sector to strengthen its position in the Indian market. "We are keen to leverage its consumer insights, operating know-how, and commercial network to strengthen our brands further and recruit talent," said Fahim Sultan, Founder, Drools, in a statement.

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Eye care hospital chain EYE MANTRA, which specialises in Lasik and cataract treatments, has secured an investment of $10 million from MantraCare. With the fresh investment, Eye Mantra plans to hire and train additional medical professionals, acquire medical equipment, and establish new branches to meet the rising demand for eye care services. "This investment will accelerate our growth plans, allowing us to reach more patients in need of quality eye care," said Dr. Shweta Jain, Founder and CEO of Eye Mantra Group of Hospitals.

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Kochi-based digital health startup Mykare Healthhas raised $2.01 million in a seed round. The round saw participation from renowned investors such as OnDeck ODX - US, Huddle, Vikas Garg (Ex-CFO, Paytm), Rahul Nagar (Ex-VP, Paytm), Himanshu Arora (Ex Gaana), and Bhavya Shah - MD, Ark Impact, amongst others.
Founded in 2021 by Senu Sam, Rahmatulla TM, and Joash Philipose, Mykare Health is a digital health startup that is building asset-light, affordable, and standardised hospital network focused on delivering quality healthcare experience to India's middle-class segment.

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