India Digest: Quadria sells 10% stake in Akums Drugs IPO; EtherealX raises $5m

India Digest: Quadria sells 10% stake in Akums Drugs IPO; EtherealX raises $5m

Pharmacy photo by Pixabay

Quadria Capital, Asia’s healthcare-focused private equity firm, announced the sale of a 10% stake in Akums Drugs and Pharmaceuticals as part of its initial public offering (IPO). Separately, space tech startup EtherealX, which makes reusable rockets, on Tuesday, said it has raised $5 million in a seed funding round,  led by YourNest.

Edited by: Padma Priya