In the news
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“Lighthouse Funds invests ₹700 crore in FMCG contract manufacturer Parsons Nutritionals .. The Rainmaker Group served as the exclusive financial adviser on this transaction.”
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“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.”
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“MoveInSync bags $15M from Bessemer Venture Partner .. The round was facilitated by The Rainmaker Group (TRMG), a secondary stake sale advisory firm.”
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“Rupeek has raised $34 million funding led by Lightbox and existing investors. The Rainmaker Group acted as the sole advisor to the company during this process.”
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“Indian public market investors and family offices are now supplementing private equity firms and sovereign funds as active investor pools.”
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“We are going to have by far one of our best quarters with seven deals closing this quarter”
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“Armed with cash in hand and higher valuations a lot of startups are using the inorganic route to clock faster growth.“
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“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.“
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“Almost every growth stage fund raise has a secondary component today and for the first time, these are being driven by buying investors than selling investors.”
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“Reliance Industries Ltd has acquired a majority stake in SaaS provider NowFloats. The Rainmaker Group was the sole financial adviser to the company.”
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“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 the transaction.”
Our Views
Our take on what’s happening around in the world
Brainbees Solutions (FirstCry) Listing: A Nykaa redux in a less competitive category
Ola Electric Listing: Category leader in a sunrise industry
IXIGO Listing: Street familiarity with sector meets value on the table
Go-Digit Listing: A venture backed peer of the incumbents
TBO Tek listing matters more for private markets than you would think. Here’s why.
What the TBO Tek listing means for mid-late stage private markets
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.
All that continues to matter is growth with underwritable earnings power
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. We strongly felt that our ecosystem needed an objective and comprehensive barometer to measure this sentiment.
How are Indian growth stocks being valued?
IThe belief that capital will correct for fundamentals wasn’t entirely false. While all founders agree that early over-capitalization is a distraction, they also say that it helps them test different things. To our surprise, we are now seeing dozens of frugal insurgents across verticals from consumer brands to ed-tech to retail-tech and beyond who’ve learnt from the loss leader in what not to do.
Tales from the Start-up Trenches
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.
Embrace your stereotype
Awfis Listing: Organizing and branding a commoditized category