Separately, the firm has also closed a Rs 45 crore seed-stage fund — Rising-I fund — that will back idea stage and seed-stage companies with cheque sizes of Rs 50 lakh to Rs 3.5 crore, and which has been backed by a clutch of existing and new Limited Partners.
The funding tap is open for a host of ventures looking to scale up game. Post the latest equity financing, its overall staff base will increase to 47,000 over next 12-24 months.
This is the third financing round for the two year-old company, having earlier raised an undisclosed sum in angel funding in 2016, followed by a $1 million round led by DSG Consumer Partners and Saama Capital two years ago.
The latest round, which is expected to close over the next few days, will value the firm at $250-300 million, a significant uptick from the $150 million valuation it commanded in its last round of equity financing.
Sunley House Capital Management is the second new investor, while CarDekho’s existing backers, Sequoia Capital and Hillhouse also participated
Proceeds of the latest funding round will be used to further expand its linkages with FPOs. In all, Kamatan has raised an estimated $10 million in a mix of debt and equity.
Launched in 2009 by Dogar, Manish Ahuja and Naveen Rawat, Holisol works with OEMs, manufacturers, retailers, brands, and marketplaces. Its portfolio of solutions include providing inbound and outbound supply chain, fulfilment, consulting, and technology services. Proceeds will be used by the decade-old Holisol towards strengthening and capacity-building.
The launch of Credit Saison’s VC fund is the latest by a Japanese risk capital investor in India, for whom Asia’s third-largest economy has been a happy hunting ground.
The latest transaction will see Sea-Link Capital Partners, the investment firm founded by former KKR senior executive Heramb Hajarnavis, score an exit from its three year-old investment.
In an email, VC firm’s MD warns founders to tighten belts as the economy continues to contract resulting in consumers spending less.
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