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    altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating.

    • Just In

    Fusion CX Set to Raise INR 1000 Crore Through IPO for Tech Upgrades and Expansion

    Latest News Posted on  —by Salil Urunkar

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    Fusion CX

    Kolkata: Fusion CX, a leading AI-powered customer experience (CX) service provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) aimed at raising ₹1,000 crore.

    The proposed IPO includes a fresh issue of equity shares aggregating to ₹600 crore and an offer for sale (OFS) worth ₹400 crore by promoter entities – P N S Business Pvt Ltd and Rasish Consultants Pvt Ltd.

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    According to the DRHP, Fusion CX plans to utilize approximately ₹292 crore of the fresh issue proceeds to repay outstanding debt and ₹75 crore to enhance its IT infrastructure by investing in its subsidiaries, Omind Technologies Inc and Omind Technologies Pvt Ltd.

    Additional funds will support inorganic growth opportunities through strategic acquisitions, along with general corporate purposes.

    Founded in 2004 and headquartered in Kolkata, Fusion CX is renowned for delivering high-end, multilingual, and omnichannel customer engagement services powered by proprietary AI tools.

    The company operates across key sectors including telecom, BFSI, healthcare, retail, travel, and high-tech industries. It leverages voice, email, chat, messaging, and social media platforms to offer seamless CX solutions to its global clientele.

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    With a rapidly growing international footprint, Fusion CX boasts 40 delivery centers across 15 countries and serves 197 clients, including 22 Fortune 1000 companies. Some of its key customers include Ajio, Meesho, Arvind Fashion, Achieve Collection, Ameriflex, Leonardo Hotels, and Insurance Express.

    Fusion CX

    On the financial front, Fusion CX reported ₹991 crore in revenue from operations and ₹36 crore profit after tax (PAT) in FY24. For the first nine months of FY25, it clocked ₹925 crore in revenue and ₹47 crore in PAT, reflecting strong growth momentum.

    The IPO is being managed by Nuvama Wealth Management, IIFL Capital Services, and Motilal Oswal Investment Advisors. The company’s equity shares are proposed to be listed on both BSE and NSE.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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