Forge raised \u20b92,000 crore<\/a> at \u20b91,890 per share. CP Plus maker Aditya Infotech raised about \u20b91,500 crore, Neogen Chemicals launched a QIP of up to \u20b9600 crore, and Inox Green Energy Services allotted shares worth \u20b9300 crore.<\/p>\n\n\n\nThe Ola Electric board approved a rights issue of up to \u20b91,000 crore towards the end of the month. Separately, Canada’s La Caisse bought a 24% stake in Altius Telecom Infrastructure Trust for about \u20b912,100 crore. That looks like a purchase of existing units, though, so it doesn’t count as new capital for the trust.<\/p>\n\n\n\n
What it signals:<\/strong> Global long-term money (sovereign funds, pension funds, Brookfield) is willing to write very large cheques for Indian infrastructure and energy. Listed mid-caps are also finding it easy to raise money through QIPs, often to fund expansion or acquisitions.<\/p>\n\n\n\n<\/span>Startup funding: growth-stage deals<\/span><\/h2>\n\n\n\nEighteen growth-stage startups together raised about $973 million in September. EV maker Simple Energy topped the list with a \u20b91,750 crore Series C, followed by spacetech firm Pixxel and Slice Small Finance Bank at $100 million each.<\/p>\n\n\n\nStartup<\/strong><\/td>Sector<\/strong><\/td>Amount<\/strong><\/td>Round<\/strong><\/td>Lead investor(s)<\/strong><\/td>Date<\/strong><\/td><\/tr>Simple Energy<\/a><\/td> EV two-wheelers<\/td> \u20b91,750 Cr (~$180M)<\/td> Series C<\/td> Dr Arokiaswamy Velumani Family Office<\/td> 30 Sep<\/td><\/tr> Pixxel<\/a><\/td> Spacetech<\/td> $100M<\/td> Series C<\/td> Temasek, Seraphim Space<\/td> 7 Sep<\/td><\/tr> Slice Small Finance Bank<\/a><\/td> Banking<\/td> ~$100M (reported)<\/td> Primary + secondary<\/td> Neo Wealth, Kado Global, Moore Strategic<\/td> 7 Sep<\/td><\/tr> Ultraviolette<\/a><\/td> EV motorcycles<\/td> $85M<\/td> Series E<\/td> Yali Capital, TDK Ventures<\/td> 23 Sep<\/td><\/tr> Ema<\/a><\/td> Enterprise AI<\/td> $77M<\/td> Series B<\/td> Creaegis<\/td> 24 Sep<\/td><\/tr> Ultrahuman<\/a><\/td> Health wearables<\/td> $70M<\/td> \u2014<\/td> Qualcomm Ventures, Labcorp, Alpha Wave<\/td> 3 Sep<\/td><\/tr> Popo Global (The Pizza Bakery)<\/a><\/td> Restaurants<\/td> \u20b9532 Cr (~$56M)<\/td> Strategic<\/td> Artal Asia (Invus Group)<\/td> 11 Sep<\/td><\/tr> Nua<\/a><\/td> Women’s wellness<\/td> $50M<\/td> Series C<\/td> Peak XV, Filter Capital<\/td> 7 Sep<\/td><\/tr> HerSpace Manufacturing<\/a><\/td> Worker housing<\/td> $40M (commitment)<\/td> \u2014<\/td> Gray Matters Capital<\/td> Sep 7\u201312<\/td><\/tr> Flam<\/a><\/td> AI content<\/td> $40M<\/td> Series B<\/td> QED Investors<\/td> 15 Sep<\/td><\/tr> Yuma Energy<\/a><\/td> Battery swapping<\/td> $35M<\/td> Series A<\/td> Magna International<\/td> 1 Sep<\/td><\/tr> Greenwave Circularity<\/a><\/td> Recycling<\/td> \u20ac27M (~$31.5M)<\/td> Debt<\/td> OeEB (Development Bank of Austria)<\/td> Sep 7\u201312<\/td><\/tr> Swish<\/a><\/td> Quick food delivery<\/td> $24M<\/td> \u2014<\/td> Bertelsmann India Investments<\/td> 10 Sep<\/td><\/tr> QNu Labs<\/a><\/td> Quantum security<\/td> \u20b9200 Cr (~$21M)<\/td> Series A1<\/td> National Quantum Mission, Speciale Invest<\/td> 9 Sep<\/td><\/tr> Mokobara<\/a><\/td> Luggage<\/td> \u20b9170 Cr (~$18M)<\/td> Series C<\/td> Sauce.vc<\/td> 5 Sep<\/td><\/tr> SUGAR Cosmetics<\/a><\/td> Beauty<\/td> $15.3M<\/td> \u2014<\/td> A91 Partners<\/td> 4 Sep<\/td><\/tr> Gravity<\/a><\/td> Home interiors<\/td> $15M<\/td> Equity + debt<\/td> 3one4 Capital, Info Edge Ventures<\/td> 30 Sep<\/td><\/tr> Piston<\/a><\/td> Fintech<\/td> $15M<\/td> Series A<\/td> FPV Ventures<\/td> Sep 7\u201312<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\nHR-tech unicorn Darwinbox also got a follow-on investment from Teachers’ Venture Growth on 15 September, but the amount wasn’t disclosed.<\/p>\n\n\n\n