Titan Capital has raised $24 million for its Winners fund, while Aye Finance has closed a $25.3-million business loan securitisation transaction. Separately, Livpure has raised $27.8 million from M&G Investments and Ncubate Capital Partners.
Titan Capital raises $24m for winners fund
Snapdeal founders’ VC firm Titan Capital, which has backed the likes of Ola, Razorpay and Mamaearth, has raised its target corpus of Rs 200 crore ($24 million) for its Winners fund to back its existing portfolio companies.
Titan Capital has invested in over 250 companies since 2011, including Urban Company, OfBusiness, and Unicommerce.
Titan Capital’s Winners Fund is designed to exclusively invest in the follow-on rounds of breakout companies from its seed portfolio.
Aye Finance secures $25m from Goldman Sachs
Indian financial services firm Aye Finance has closed a Rs 212-crore ($25.3 million) business loan securitisation transaction with Goldman Sachs (India) Finance Pvt Ltd, the NBFC arm of Goldman Sachs in India.
Founded in 2014, Aye Finance is a non-deposit-taking NBFC with a specific focus on micro and small enterprises in India. It finances micro enterprises in manufacturing and service clusters across 21 Indian states.
FMO, CapitalG, Elevation Capital, Lightrock, Alpha Wave, A91 Partners, and MAJ Invest are other investors in the company.
In April, Dutch development bank FMO said it was likely to invest another $30 million in Aye Finance, according to a disclosure.
Livpure nets $28m from M&G Investments, Ncubate
Water purifier firm Livpure on Wednesday said it has raised Rs 233 crore ($27.8 million) from M&G Investments and Ncubate Capital Partners.
While Rs 208 crore was invested by M&G’s Catalyst Strategy, Ncubate Capital Partners invested the remaining Rs 25 crore.
The company expects to use the funding to accelerate category expansion, product development through R&D and innovation, diversifying its offerings, enhancing its market presence, and catering to evolving consumer needs in the home category.
