New Delhi, June 30 -- Data centre owner and operator ESDS Software Solutions is gearing up to list on the stock exchanges in the coming weeks, a media report said.

Meanwhile, food delivery startup Swish and feminine brand Nua are in various stages of discussions with investors to raise capital, according to two separate reports.

ESDS Software Solutions

Nashik-based ESDS Software Solutions Ltd is preparing to roll out an initial public offering (IPO) in the coming weeks, according to a Mint report.

The company has probably increased the size of its fresh issue to Rs 720 crore (around $76 million), according to the report, citing people familiar with the matter. The company filed its preliminary IPO papers with the Securities and Exchange Board of India (SEBI) in March last year to initially raise up to Rs 600 crore and received clearance in December.

However, the company deferred the IPO due to market volatility and is aiming an stock market debut in four to six months, Mint reported.

ESDS was considering a pre-listing fundraise of Rs 120 crore, which would have reduced the fresh issue size proportionately, the report said. However, the status of that fundraise was unclear.

Swish

Swish, the quick food delivery app, is seeking to raise capital just two months after closing a $38 million (around Rs 360 crore) funding round, according to a Moneycontrol report, citing sources.

The startup, which operates an app offering 10-15 minute food delivery service in parts of Bengaluru and Gurugram, is in advanced discussions to raise about $20 million (Rs 190 crore) from Bertelsmann India Investments (BII) and other investors. The report noted that Swish could raise around $40-50 million if the talks succeed.

The Bengaluru-based startup is being valued at around $150-200 million (around Rs 1,419-1,892 crore) pre-money during ongoing negotiations, the news website reported.

Nua

Direct-to-consumer (D2C) Nua is in talks to raise $20-25 million (about Rs 189-237 crore) in its Series C round, according to an Inc42 report citing sources.

The femtech brand's funding round will be led by Peak XV Partners. Existing investors, including Mirabilis Investment Trust and Kae Capital, are likely to participate, the report said.

These fresh talks come after Nua raised Rs 35 crore in its pre-Series C round from Mirabilis Investment Trust in February last year.

Founded by Ravi Ramachandran and Abhishek Ramanathan in 2017, Nua offers women's health and hygiene products, including sanitary pads, cramp comfort, foaming intimate wash, period nutrition drink mix and more.

Published by HT Digital Content Services with permission from VC Circle.