🇮🇳 Roundup: Architecture design firm gears up for $5m IPO

Startups in India, including Goqii, Proactive For Her, Data Sutram, HealthySure, BeepKart, Infurnia, AltUni, and Insurmile, have raised at least US$61 million in funding today from international and local investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news from India today:

Architecture design firm Infurnia gears up for US$5 million IPO

The cloud-based architecture design firm said it is looking to raise 400 million rupees (US$5 million) from its IPO, which is expected to debut on the Bombay Stock Exchange Startups Platform this year. The company is also eyeing a valuation of nearly US$19 million.

Infurnia said it recently concluded a pre-IPO round of US$532,000 from Jaipur Rugs and a clutch of individual investors. The round follows a US$1 million fundraise from Idein Venture and other angel investors.

Founded in 2014, Infurnia provides cloud-based architecture design software for professionals and businesses. Its solutions compete with US-based Autodesk.

Lead announces ESOP liquidation plan

The edtech firm has announced a new ESOP liquidation plan of nearly US$3 million for its employees.

Currently, about 20% of its employees own ESOPs in the company. The new liquidation plan aims to give more benefits to employees since Lead’s valuation has nearly doubled in the last nine months.

The announcement follows Lead’s US$100 million series E round, which was led by WestBridge Capital and joined by GSV Ventures. The round valued the firm at US$1.1 billion, which makes Lead the first Indian edtech startup to achieve unicorn status in 2022.

Currency converted from Indian rupee to US dollar: US$1 = 75.19 rupees.