Mars Growth Capital

Ridhi Chaudhary, Chief Investment Officer at Dragon Fund, speaks with LiveMint on the fund's investment strategy, its recent deals and future plans. Read more here: https://lnkd.in/djfKRGcb

An incredible milestone for our newest portfolio company HungryPanda Ltd 熊猫外卖 who have achieved profitability this year. A global leader in Asian food delivery, Hungry Panda operate in over 80 cities across 10 countries, serving more than 6.5 million users in partnership with over 100,000 merchants. To date, HungryPanda has raised over $275 million in funding and has entered a new phase of business growth. In 2024, HungryPanda achieved profitability while maintaining an annual growth rate of over 30% — a remarkable achievement in the competitive food delivery industry for Founder & CEO Eric LIU and the entire HungryPanda team. Mars is proud to have participated in their $55 million refinancing and fundraise. The round was led by Mars Growth Capital, a JV between LIQUiDITY Group and MUFG, with continued support from HungryPanda’s existing investors, including Perwyn, Kinnevik, 83NORTH, and Felix Capital. Read the entire article here: https://lnkd.in/dHAWEXbT and learn more in The Wall Street Journal: https://lnkd.in/esDFcJ4V & TechCrunch: https://lnkd.in/gaXw73U9

HungryPanda Ltd 熊猫外卖, the world's leading overseas Asian food delivery platform, announced the successful completion of a $55 million refinancing and fundraise. The round was led by Mars Growth Capital, a JV between LIQUiDITY Group and MUFG, with continued support from HungryPanda’s existing investors, including Perwyn, Kinnevik, 83NORTH, and Felix Capital. This new funding will enable HungryPanda to solidify its leadership in the Asian food delivery market and explore new opportunities to serve a broader range of minority ethnic communities, particularly in North America. Read the entire article here: https://lnkd.in/dHAWEXbT and learn more in The Wall Street Journal: https://lnkd.in/esDFcJ4V & TechCrunch: https://lnkd.in/gaXw73U9

Mars Growth Capital, by LIQUiDITY Group and MUFG, announced the closing of a $100 million debt financing agreement with global consumer technology company InMobi, marking one of MARS Growth’s largest transactions to date. The funds aim to deepen InMobi’s AI capabilities, enhancing personalized engagement for consumers and advertisers. Ron Daniel, Co-Founder and CEO of Liquidity Group and CEO of MARS Growth, emphasized the importance of the partnership, stating, “As one of our largest transactions to date, this financing will help fuel InMobi’s next phase of AI-led growth. Liquidity, through its JV with MUFG, Mars Growth, is committed to growing the Asian tech ecosystem.” InMobi CEO, Naveen Tewari, also highlighted the significance of AI for the company: “AI is the bedrock of both InMobi’s consumer and enterprise businesses, and we are using it to power the revolutionary lock screen experiences and InMobi Advertising’s platforms. We’re pleased to have the confidence and funding from MARS Growth Capital to further accelerate our growth trajectory.” “AI is redefining the way businesses operate and create value, and InMobi is well-positioned to leverage its capabilities across multiple spaces in consumer and advertising technology,” says Navas Ebin Muhammed, Head of APAC, Managing Director at Liquidity and MARS Growth Capital.

Habyt, the world's leading provider of flexible living spaces, today announced the successful closing of 40 million EUR in financing, led by Mars Growth Capital, a joint venture of LIQUiDITY Group and MUFG. Justin Langen, Director, Europe at Liquidity remarked “As Mars and Liquidity continue to strengthen their presence in Germany and across Europe, we look forward to beginning what we see as a long-lasting investment partnership and hope to play an ongoing role in Habyt’s push towards sustained profitability.” Luca Bovone, Founder and CEO of Habyt commented that “Flexible living is naturally a model that aligns with sustainable financial growth, offering high-demand solutions in urban environments worldwide. Throughout this process, we have been continually impressed by Liquidity Group’s quick execution and data-driven approach during the due diligence phase.” Read the entire article HERE: https://lnkd.in/eVrbvWE3

Bloomberg announced Dragon Fund recently co-led alongside General Catalyst the $340 million funding round for Zepto, an Indian online grocery startup, elevating its valuation by 40% to $5 billion. The round also attracted new investor EPIQ Capital Group, with existing backers like Lightspeed Venture Partners and DST Global increasing their stakes. This funding surge underscores the ongoing enthusiasm among foreign investors for India’s e-commerce market, even as other sectors face challenges. The article discussed that Zepto, founded in 2021 by childhood friends and Stanford dropouts Aadit Palicha and Kaivalya V., has quickly become a significant player in India’s hyper-competitive grocery delivery market. The investment was led on behalf of Dragon Fund by Chief Investment Officer, Ridhi Chaudhary, and Managing Director, Aakash Tulsani

Mars Growth is proud to announce a $4 million commitment in credit facility to Hireup, an Australia-based platform connecting individuals with disabilities to skilled support workers. The company will utilize this capital to further develop its platform, expand its reach, and enhance its services to meet the needs of its users better. This commitment highlights Mars Growth’s dedication to backing transformative solutions and world-class founders in Australia and APAC.   Or Zorea, the Managing Director, APAC at Mars Growth, shared, “We are happy to provide growth capital to support Hireup’s continued expansion. Their dedication to enhancing independence and quality of life for people with disabilities aligns with Mars Growth’s vision of supporting transformative solutions. We strongly believe in Hireup’s mission and platform and are excited to be part of their journey toward creating a more inclusive and accessible world.” https://lnkd.in/dD4WVX-z

Mars Growth Capital and LIQUiDITY Group are proud to continue our partnership with Infra.Market, with an additional investment of USD 50M into its Singapore arm, taking the total investment to USD 100M. “Liquidity is using technology to transform capital credit markets with unrivaled speed and accuracy. At each step in the process, our evaluation of Infra.Market showed a company delivering on its promise to remake construction and infrastructure projects across India and beyond,” said Ron Daniel, co-founder and CEO and Liquidity Group. Souvik Sengupta and team have been instrumental in building the business to where it is today. This transaction is also a testament to our continued belief in Singapore being an ideal hub for the global expansion of technology startups from India and the wider region.

🌟Australia Is the Latest Startup Hotspot 🚀 Australia is rapidly becoming a global hotspot for tech startups and scale-ups, boasting success stories like Canva and Airwallex. A key driver of this growth? The rise of venture debt financing. Venture debt offers non-dilutive capital, meaning it doesn't dilute existing shareholders' stakes. This is a game-changer for companies not yet ready for senior bank debt but seeking to diversify their capital and lower overall costs. Take Ofload, for example. This logistics market leader, backed by Jungle Ventures, King River Capital, Mars Growth Capital and others secured a $60 million Series B last year with a considerable portion coming from venture debt. LIQUiDITY Group is expanding into the region and is excited to do deals with some of Australia’s best companies. Australia is well-positioned to become a top 10 digital economy by 2030, with the tech sector expected to make up 13% of its GDP. Ranked sixth globally as a fintech hub and first in the OECD for attracting and keeping talent, Australia's tech future is bright. 🌍 With the right capital access and supportive funding structures, the Australian tech sector is set for remarkable growth. What are your favorite Australian startups and who deserves a cash infusion in 2024? I am heading down to Sydney this week, DM if you'd like to meet #TechInnovation #VentureDebt #AustralianTech #GlobalGrowth #StartUpFunding #LiquidityGroup #MarsGrowth

🚀 Beyond Capital: Redefining Venture Partnerships 🚀 In today’s venture investing landscape, capital has become a commodity. While it may seem that startups are an endless quest for funds, here's the real story: the ones with revenue, customers, and even profits are finding funding easy to grab. Here's the twist: those growth-stage startups aren’t just taking investments, but they are looking for a meaningful partnership. At LIQUiDITY Group / Mars Growth Capital, we don't just talk the talk of being 'founder-friendly' and champions of value addition; we strive to set a new standard. For us, it's personal. Our approach isn't about being just another player in the game; it's about genuine collaboration. It's about being there for founders at every twist and turn of their entrepreneurial rollercoaster. Here’s how we're reimagining our role in the startup ecosystem: 🔍 Engagement: We believe in working together with startups and recognize their rapid pace of evolution. Our active collaboration, rather than standard quarterly board meetings, guarantees we're working with founders as they make critical, high-impact decisions. 📊Meaningful Data Analysis: LIQUiDITY Group's software is very good at spotting bad news. Startup founders who are heads-down buildings might not see the blinking warning lights right in front of them. Our tools let founders know when their finances are precarious, or the runway is about to run out. 🧩 Understanding Context and Embracing Clarity: Every startup's journey is unique, and so is our advice. Our approach is deeply contextual and tailored to the evolving landscape and the specific dynamics of each startup. We know tech and we’ve invested in a lot of it. We can help traverse the wilds of your growth stage. ⚖️ Risk Anticipation: We focus on identifying potential challenges ahead, balancing a growth mindset with prudent risk management, and aligning the entire organization toward sustainable success. Our tools help founders understand their markets instantly, something few investors can offer. 🌐 Leveraging Global Networks: Our extensive network across different geographies and sectors plays a crucial role, enabling valuable connections and cross-learning opportunities. Reach out if you need any to start conversations anywhere our analysts are based. We’re happy to help. In conclusion, our philosophy is to create a partnership that transcends capital. We're committed to a holistic, active, and tailored approach, navigating challenges and celebrating successes together with our founders. It’s the only way to win in 2024, and we’re dedicated to your success. #VentureCapital #StartupGrowth #Entrepreneurship #ActiveCollaboration #BusinessStrategy #Innovation