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Time of India
3 days ago
- Business
- Time of India
ETtech Deals Digest: Startups raise $1.06 billion in May, up 12% on-year
Startups raised about $1.06 billion in funding between May 1 and 30, marking a 12% increase from the same period last year, when they had raised a total of $950 million across 189 rounds. This month, startups, primarily in the early and late stages, secured funding through 79 rounds, according to data from market intelligence platform Tracxn. ETtech In April 2025, startups raised around $1.02 billion from 104 rounds. Last week—from May 24 to May 30—startups raised around $147.7 million. ETtech Top deals of the month Live Events PB Healthcare Services : PB Fintech's affiliate, PB Healthcare Services, raised $218 million in its first major equity infusion. The round was led by US-based venture capital (VC) firm General Catalyst, with participation from PB Fintech and another institutional investor. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories ETtech Porter : On-demand logistics platform Porter raised $200 million in a funding round led by private equity (PE) firms Kedaara Capital and Wellington Management. The round, comprising both primary and secondary transactions, propelled Porter into the unicorn club with a valuation of between $1.1 billion and $1.2 billion. Euler Motors: The electric commercial vehicle manufacturer raised around $75 million in a round led by Hero MotoCorp. British International Investment (BII), the UK government's development finance institution, also participated. ETtech Citykart : Value fashion retailer Citykart raised around $63 million in a funding round comprising both primary and secondary transactions, with participation from TPG NewQuest and A91 Partners. Routematic: Corporate transport solutions platform Routematic raised $40 million in a Series C funding round led by Fullerton Carbon Action Fund and Shift4Good.
Time of India
09-05-2025
- Business
- Time of India
ETtech Deals Digest: Startups raise $568 million this week, up six-fold on-year
Startups raised around $568.2 million between May 3 and 9, reflecting a nearly six-fold increase from the $95.5 million raised during the same period last year. #Operation Sindoor India-Pakistan Clash Live Updates| Missiles, shelling, and attacks — here's all that's happening Pakistani Air Force jet shot down in Pathankot by Indian Air Defence: Sources India on high alert: What's shut, who's on leave, and state-wise emergency measures This also marks a threefold rise from last week's total of $194.7 million. Despite the surge in funding value, the number of deals fell to 23 this week, compared to 51 in the year-ago period, according to data from Tracxn . The deals spanned seed, early, and late-stage rounds. ETtech Top deals of the week PB Healthcare Services : PB Fintech's affiliate, PB Healthcare Services, raised $218 million in its first major equity infusion. The round was led by US-based venture capital (VC) firm General Catalyst, with participation from PB Fintech and another institutional investor. Porter: On-demand logistics platform Porter raised $200 million in a funding round led by private equity (PE) firms Kedaara Capital and Wellington Management. The round, comprising both primary and secondary transactions, propelled Porter into the unicorn club with a valuation of between $1.1 billion and $1.2 billion. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Routematic: Corporate transport solutions platform Routematic raised $40 million in a Series C funding round led by Fullerton Carbon Action Fund and Shift4Good. Celcius Logistics : Cold chain aggregator Celcius Logistics raised $29.7 million in a funding round co-led by global investment firm Eurazeo and impact venture capital firm Omnivore. Lahori : Beverage maker Lahori, known for its carbonated non-alcoholic drinks in local flavours, secured $23.6 million in primary funding from Motilal Oswal Wealth. ETtech
Time of India
08-05-2025
- Business
- Time of India
PB Healthcare raises $218 million in one of India's largest seed rounds
Policy bazar BENGALURU: In one of the largest seed funding rounds in India, PB Healthcare Services has secured $218 million to build an integrated, value-based care platform targeting the country's underserved middle class. The round was led by US-based venture capital firm General Catalyst, with participation from PB Fintech among others. PB Healthcare is the latest venture from Yashish Dahiya, founder and CEO of PB Fintech, which operates Policybazaar , a digital insurance marketplace. The new health entity aims to address structural gaps in affordability and access to healthcare by combining hospital infrastructure with low-cost insurance offerings. Operation Sindoor IC-814 hijacking mastermind Abdul Rauf Azhar killed in Op Sindoor Pahalgam attack: India flays Pak for opposing TRF mention in UN statement Did Pak shoot down Indian jets? What MEA said The company plans to establish a nationwide network of high-quality secondary care hospitals bundled with targeted insurance plans, operating within a closed-loop model from care to claims. General Catalyst described this as part of a broader shift from 'reactive healthcare to health assurance' – with a focus on proactive, affordable, and accessible care delivery. 'India's middle class – over 400 million people – still lacks affordable access to basic healthcare services,' General Catalyst said in a blog post. 'PB Health is building one of the country's first truly integrated care platforms to change that.' Neeraj Arora, managing director at General Catalyst, said the firm believes India has an opportunity to leapfrog legacy healthcare models. 'Yashish has already built one of India's largest insurance platforms and is uniquely positioned to deliver impact at scale.' Dahiya noted that the investment will go toward building a tech-first, patient-centric healthcare system. 'Our focus remains on improving outcomes, enhancing trust, and redefining the care journey for millions across India,' he said. PB Healthcare's leadership team includes seasoned hospital executive Rajeev Bhandari as head of operations, bringing over two decades of healthcare management experience across global markets. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
25-04-2025
- Business
- Time of India
PB Fintech invests Rs 539 crore in healthcare arm
Synopsis PB Fintech has invested ₹539.4 crore in its health subsidiary, PB Healthcare Services, as part of a larger Rs 1,461.6 crore seed funding round. This investment, along with external contributions, will dilute PB Fintech's stake to 32.14%. The funds will bolster the subsidiary's finances and growth, including establishing hospitals with 1,000 beds, focusing on managed healthcare for Policybazaar policyholders.
