Peak XV Partners | Page 2

Tracking the top deals that shaped the startup funding landscape this week.

The latest infusion takes the total equity raised by the startup to USD 68 million since its inception in 2020.

Ecommerce major Flipkart, through its subsidiary Quick Routes International, exited its entire 9.01% stake in BlackBuck, fetching INR 672 crore via two bulk deals. Flipkart had already sold 3.9 million shares during BlackBuck's public listing late last year.

NSCOF-II is designed to offer bespoke credit solutions to EBITDA-positive companies, with a focus on fully secured investments backed by 2-3x hard asset collateral and bearing regular interest coupons.

The California and Gurugram-based startup will use the capital to strengthen its AI models, grow its team, and scale its flagship tutoring platforms—PadhAI for UPSC aspirants and EverTutor for GRE preparation—across global and Indian markets.

During his tenure, Thakur played a crucial role in investments and served as a board member and observer for prominent startups, including Atlys, Meesho, Cars24, Unacademy, and Zetwerk.

The stake sale, conducted through multiple open market transactions between December 9 and January 28, involved 2.93 million shares priced between USD 17 and USD 19.10 per share.

The fresh capital will enable Leap to scale its operations, launch new products, and further enhance its AI-driven solutions for study-abroad aspirants.

The round was led by Peak XV Partners, with participation from Advantedge VC, DeVC, and several angel investors.

The round saw additional participation from Battery Ventures, Blume Ventures, and Peak XV Partners.

The new capital will fuel the expansion of its innovative offerings and global reach.

The Bengaluru-based firm aims to expand aggressively, with plans to open 8–12 Orchids schools annually and onboard 100–150 schools under the Eduvate umbrella each year.

The raised funds will be deployed to continue scaling and to deploy no-code AI agents to help customers bridge divides between product, marketing, and sales teams, and even collect rich feedback.

Gupta and seasoned investor Norbert Fernandes join forces to launch Kenro Capital, targeting India and Southeast Asia's expanding secondary transaction market with strategic investments in growth-stage companies.

The Series D funding was led by Peak XV Partners, with support from Elevar Equity, Elevation Capital, Temasek, and TVS Capital, reaching INR 950 crore total funding.

Razorpay has launched the Razorpay Venture Investment Programme in partnership with Peak XV Partners and Lightspeed, investing up to USD 1 million per startup to support 10-15 early-stage startups annually.

The newly secured capital will be directed toward expanding Finova's loan book, investing in technology, and enhancing its geographic footprint.

Running from October 2024 to February 2025, the program combines in-person and online sessions, focusing on founder development, go-to-market strategies, and brand building.

With the fresh funds, the Delhi- and San Francisco-based firm aims to enhance its product and engineering capabilities, enter new markets, and scale its global operations.

The startups listed below have disclosed investment rounds.

The startups listed below have disclosed investment rounds.