Suraj Verma

Here we are talking about Levrage.biz is an Edtech startup offering a study abroad platform Leverage Edu, Fly Homes, and Fly. Finance. The startup reported completing its second ESOP buyback exercise, which benefitted over 50 employees who signed up for this startup function. The amount of stock buyback is still unknown. Innovated by Akshay Chaturvedi, this startup provides counseling, admission support, and financing services to students studying abroad or wanting to pursue international education. The platform focuses on students from India, Nepal, and Nigeria. Leverage.Biz helps students figure out their interests to realize their full potential. The platform offers personalized mentors and counselors according to students' needs. The interactive tutoring platform allows students to learn and clear doubts in real time.

Ixigo is a travel booking platform under Le Travenues Technology that has closed its pre-IPO secondary round at $21 million. The startup is aiming to make its debut on the stock market exchange on 10th June with Rs 88 to 93 per share. The startup announced the placement of $21 million with a top-end price of Rs 93 for each.

Non-Banking Finance Company, Arthan Finance raised $6 million in its Series B round. The funding round had the participation of various investors including The Michael & Susan Dell and Incofin India Progress Fund. This angel investor-backed startup has raised 10 million USD to date. Michael & Susan Dell is an existing investor of the firm and has been investing for a long time. The startup highlighted that this investment will also help the startup to grow its Assets Under Management, expand its network, and invest in more advanced Artificial Intelligence and Machine Learning-based underwriting systems. The founder and director of Arthan Finance, Kunal Mehta said that this funding round was the crucial step for future growth of the startup.

CredAble is a Mumbai-based Fintech startup that has secured $3.6 million in a debt funding round led by the Small Industries Development Bank of India. This funding round was funded by existing and new investors. The startup plans to use these fresh proceeds to scale up its operations, expand its network, and provide financing solutions.

RENEE Cosmetics, a beauty brand D2C startup is planning to raise $12 million in its new fundraising round from its existing investors. A person close to the deal told Entrackr that Edelweiss and Evolvence might invest $12 million in the startup. Previously, the startup secured over $25 million in its series B round from Edelweiss, 9unicorns, and Equanimity.

Games24X7 is a real money gaming platform that reported a 70% year-on-year increase in its operational revenue in FY23. This Mumbai-based startup reduced its expenditure on employee benefits and marketing advertisement to keep its losses in check for this financial year. The startup mentioned its revenue from operations increased to 70.1% and reached Rs 1,988 crore for this year.

Nykaa, a fashion and beauty e-commerce startup is expanding its Employee Stock Option Plan by offering its employees with more than 4.73 lakh equity shares. These newly allocated shares are worth around Rs 9.72 crore. The company sells wellness, beauty, and fashion products through its apps, website, and offline stores across the country.

KB NBFC is a non banking finance company under lending tech startup KreditBee that secured $32 million in a debt funding round led by Yubi, Neo Group, Dzerv, Oxyzo, and OfBusiness, among others. After allotment of debentures, the startup got its latest tranche of $12 million from Neo Group and Dzerv last week.

OYO is a hospitality startup that is planning to raise $20 million from its family offices of top corporates and market experts. This initiative was taken after OYO prepared to refile IPO papers for a refinancing loan while reaching the advanced stage. The company was reportedly looking to raise up to $450 million through the sale of dollar bonds.

Proofs. AI, a creative startup that focuses on connecting artificial intelligence and application programming interfaces (APIs), has recently celebrated the pre-seed funding of $2.6 million from progressive venture investors. Proof’s AI APIs are well-suited for this demand, and with a scalable solution.