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Revv Raises INR 100 Cr in Series B Funding led by Hyundai Motor

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Revv Team

Revv, India’s fastest growing car-sharing company, announced the company has secured INR 100 Cr in a Series B funding round led by Hyundai Motor, South Korea’s largest automaker, making Hyundai the first and only automotive company among Revv’s investors. Revv’s existing investors Edelweiss and Beenext also participated in the round, with new investors Dream Incubator, Sunjay Kapoor of Sona BLW and Telama Investment.

Revv is amongst the largest car sharing platforms in India with a presence in 11 cities, serving more than 300 thousand users. It aims to re-imagine the mobility solutions for users’ needs ranging from “few hours to a few years”, to cater to the vast majority of Indians who do not own a car yet. Its products include hourly self-drive car sharing, one-way outstation car sharing and Switch – India’s first monthly car subscription program, where members enjoy all the benefits of car ownership without the hassle, upkeep and commitment. Read more

Tynor Orthotics raises INR 143 crore from Lighthouse Funds and Thuasne Participations, France

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

lighthouse Funds, a mid-market focussed private equity fund and Thuasne Participations, France, together have invested INR 143 crore into Tynor Orthotics Private Limited (“Tynor” or the “Company”), India’s largest orthotic soft goods company. The investment will be used to accelerate Tynor’s growth plans. Tynor is a leading brand in India’s rapidly growing orthotic support industry and sells products such as body braces, supports, fracture and walking aids. The Company has a wide range of offerings consisting of over 140 products. Tynor has a national distribution network in India and also exports to over 40 countries. The Company is aiming to achieve sales of over INR 500 crore in the next three to four years.

 

Thuasne had originally invested in Tynor in 2010, picking up a minority stake. It has again participated in the current round, led by Lighthouse Funds.

 

Lighthouse is a leading mid-market private equity firm focused on growth investments in India’s consumer sector. The firm’s current and past investments include Bikaji Foods, FabIndia Overseas, Cera Sanitaryware, Capital Trust, Suraksha Diagnostic, Dhanuka Agritech, Indian Herbs, Kama Ayurveda, Unibic Foods and XSEED Education. For more information, please visit www.lhfunds.com. Read more

Realme 1, with 6GB RAM and 128GB ROM, launched at INR 13,990, to disrupt the mid-range smartphone market

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

OPPO - Realme 1

Realme, the new e-commerce sub-brand of smartphone giant OPPO, today launched its first device, Realme 1, targeted at the youth of the country. The phone comes with the World’s first 12nm AI CPU MediaTek Helio P60 together with AI Shot Technology and a huge 6GB RAM+128GB ROM storage version, offering the highest cost to value product in India. The 6.0” FHD+ Full Screen of Realme 1 is complemented by an ‘Art of Light’ design in Diamond black, with exquisite details crafted for young users. Read more

Samena Capital takes 35% stake in Bloom Hotels at INR 330 crore valuation

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

C:\Users\fahmed03\AppData\Local\Microsoft\Windows\INetCache\Content.Word\bloom Hotel Group Logo (002).png

Bloom Hotels (“Bloom”) is swiftly moving ahead with its expansion plans after a primary capital injection of Rs 100 crores by Samena Capital in the company’s Series B investment round. The investment values Bloom at 330 crores and will help roll out the company’s innovative affordable brands to all Indian cities. With this investment Samena Capital has taken a 35% stake in Bloom Hotels. Read more