New Delhi, May 29 -- Tata Capital Healthcare Fund-backed Anderson Diagnostics and Labs has kicked off a fresh fundraise through a mix of primary and secondary transactions, while D2C food brand Anveshan has closed a Series B round led by Vertex Ventures.

Promoters of PB Fintech, which operate brands like Policybazaar and Paisabazaar, are looking to offload shares in the company, according to separate media reports.

Anderson Diagnostics and Labs, Tata Capital

Tata Capital Healthcare Fund-backed Anderson Diagnostics and Labs has kicked off a fundraise of around Rs 250 crore ($26 million) through a mix of primary and secondary transactions, Mint reported, citing people aware of the matter.

Veda Corporate Advisors has been appointed to manage the process, with several funds already approached. Tata Capital Healthcare Fund may also look to pare part of its stake as part of the transaction, per the report.

Aveshan, Vertex Ventures, IFC

D2C food brand Anveshan (operated by Anveshan Farm Technologies Pvt Ltd) has closed a Rs 121 crore ($12.7 million) Series B round led by Vertex Ventures, with participation from International Finance Corporation (IFC), Titan Capital, Wipro Enterprises, and a clutch of individual investors including boAt co founders Aman Gupta and Sameer Mehta, and Swiggy co-founder Sri Harsha Majety, Entrackr reported, citing a regulatory filing.

Vertex Ventures anchored the round with Rs 75 crore, followed by IFC at Rs 31 crore. Existing backers Titan Capital Winners Fund and Wipro Enterprises chipped in Rs 6 crore and Rs 5.9 crore, respectively, while Aman Gupta and Sameer Mehta reinvested Rs 38 lakh each. ALTrust, Force Ventures, and Majety accounted for the remaining capital, per the report.

The raise comes less than a year after the company secured Rs 48 crore in a Series A led by Wipro Consumer Care Ventures in April 2024.

PB Fintech

PB Fintech co-founders Yashish Dahiya and Alok Bansal are looking to offload shares worth up to Rs 654 crore (about $68.5 million) via a secondary market transaction today, Mint reported.

The two are jointly offering up to 3.8 million shares, representing around 0.8% of the company's total outstanding stock, at an indicative floor price of Rs 1,720 per share, a 3.6% discount to the stock's last closing price of Rs 1,784.80 on the NSE, per the report.

The sale, if completed, would follow Tencent's full exit from PB Fintech earlier this month.

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