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German accommodation booking platform Numa Group has raised $59 million in fresh funds. Oatly and Vita Coco investor Verlinvest led the Series C round. Numa plans to use the new capital to fund its European expansion. German Airbnb competitor Numa Group has raised $59 million in a round led by Oatly and Vita Coco investor Verlinvest. Numa lists over 4,500 rooms and apartments across 28 European cities, such as Madrid, Berlin, and Rome, on its platform.
Persons: Vita Coco, Verlinvest, Numa Organizations: Oatly Locations: Berlin, Madrid, Rome
About 26.9 million shares will be sold for between 340 rupees and 357 rupees in the IPO, with Sula raising 9.60 billion rupees, Chief Executive Rajeev Samant said at a press conference in Mumbai on Wednesday. However, that is less than Radico Khaitan Ltd's (RADC.NS) market value of 147.52 billion rupees and United Spirits Ltd's (UNSP.NS) 682.18 billion rupees valuation. Streaming platforms have also helped popularise wine, added Samant, who launched Sula in 1996. Its net revenue rose 8% year-over-year to 4.57 billion rupees in fiscal 2022. Sula's IPO will be open for subscription from Dec. 12-14 and debut on the stock exchanges between Dec. 20-22, the company said.
A sour mixture of manufacturing hiccups, Chinese Covid lockdowns and other issues have watered down Oatly’s once-heady growth rates. On that basis, the company could exhaust its $116 million cash pile early next year. Petersson has announced layoffs and other cost-cutting measures, which he hopes will save $50 million in annual terms. And even if he finds a manufacturing partner soon, it’s unlikely to stop the company burning cash. That leaves Petersson two options: sell the company, or raise cash.
French food tech startup Not So Dark just landed $80 million from Kharis Capital and Verlinvest. It was a food delivery company called Resto-in that was later acquired by Dutch company Lieferando, which in turn was gobbled up by Just Eat Takeaway. Now 37, Benoit is back in the food delivery game and just secured an $80 million Series B for Not So Dark. They have been criticized for killing the high street but grew in popularity during the pandemic as demand for food delivery soared. Not So Dark's technology also scans comments on each delivery platform to find ways to make deliveries better.
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