Lighthouse Funds invests Rs.700 crore in FMCG contract manufacturer Parsons Nutritionals. The Rainmaker Group served as the exclusive financial advisor on this transaction
"Student Accommodation Startup Amber Bags $21 Mn. In a Round Led By Gaja Capital .. The Rainmaker Group acted as the exclusive financial advisor on this transaction."
"MovelnSync bags $15M from Bessemer Venture Partner .. The round was facilitated by The Rainmaker Group (TRMG), a secondary stake sale advisory firm."
"Rupeek has raised $34 million in funding led by Lightbox and existing investors. The Rainmaker Group acted as the sole advisor to the company during this process."
"Indian public market investors and family offices are now supplementing private equity firms and sovereign funds as active investor pools."
"Armed with cash in hand and higher valuations a lot of startups are using the inorganic route to clock faster growth."
"HomeLane, on Thursday said it has raised $50 million as a part of its Series E funding round .. The Rainmaker Group acted as the sole adviser on the transaction."
"Reliance Industries Ltd has acquired a majority stake in SaaS provider NowFloats. The Rainmaker Group was the sole financial adviser to the company."
"Online car platform CarDekho has raised $110 million in a Series C funding round. The Rainmaker group acted as the financial adviser to CarDekho for thel transaction."
Our views on latest Indian venture-backed startup IPOs
Our take on what is happening around the world
Of the 11 VC-backed IPOs in FY24, 10 are trading over their issue price. The median premium of 53 percent over the issue price is a function of buoyant markets & leaving value on the table
The RainGauge companies have demonstrated good old-fashioned earnings growth and continued premium revenue growth, more than double than NIFTY and MidCap companies
FY25 has seen six venture capital (VC)-backed listings so far, with at least ten more in the works. The public markets have come to terms with what to reward in these businesses
India’s listed tech platforms have come of age – both in terms of delivering profits with scale coupled with supernormal growth and the markets are appreciating that. Growth is being richly rewarded.
For the first time, India’s venture ecosystem has a critical pool of listed ‘startups'. Increasingly, the mid-late-stage private markets are being driven by valuations of and sentiment around these listed startups.
The belief that capital will correct for fundamentals wasn’t entirely false. Across industries, newer entrants are learning from the mistakes of loss leaders. These are the players who will succeed in attracting growth capital.
We are dealing with very very uncertain times. This time, the funds available are almost one-fourth of the funds available last year. These are the times in which investor attention is more binary than ever.
