Shivalik Small Finance Bank has raised equity funding while health tech platform Alyve Health has raised a Series A round. Meanwhile, jewellery retailer Bluestone is reportedly negotiating an investment of about Rs 830 crore ($100 million) from Peak XV Partners, Steadview Capital and Think Investments.
Shivalik Small Finance Bank raises $12m
Shivalik Small Finance Bank has raised Rs 100 crore in an equity round of funding co-led by global venture capital firm Lightspeed and Sanjay Nayar-founded Sorin Investments.
The funding round also saw participation from existing investors Accel and Quona Capital.
The bank plans to use the funding to enhance its tech stack, strengthen its team, and further develop the product proposition as it builds a digital-first bank for small businesses and underserved segments.
Alyve Health snags $5.5m led by Axilor Ventures
Health tech platform Alyve Health has raised a $5.5-million Series A funding round led by Axilor Ventures.
The round also saw participation from 1Crowd Fund and Inhealth Ventures. It also raised venture debt from Trifecta Capital.
The company plans to use the new funds for strategic growth initiatives like platform enhancement, talent acquisition, expansion of operations, amplification of services, and higher member engagement.
Peak XV, Steadview line up for Bluestone’s pre-IPO round
Jewellery retailer Bluestone is negotiating an investment of about Rs 830 crore ($100 million) from Peak XV Partners, Steadview Capital and Think Investments, the Economic Times reported on Tuesday.
This pre-IPO (initial public offering) round will be a mix of share sale by early backers and fresh capital infusion that is expected to value the omnichannel retailer at around Rs 7,500 crore ($900 million) pre-money.
Peak XV is investing about Rs 415 crore ($50 million), per the report.
When contacted by DealStreetAsia, Peak XV declined to comment on the matter.