ideaForge Technology Limited announced that it has raised INR 25,48,824,768 in a round of funding on June 23, 2023. The transaction included participation from new investors Nomura Funds Ireland Public Limited Company, 360 One Wam Limited, PineBridge Investments Hong Kong Limited, Tata AIG General Insurance Company Limited, Tata AIA Life Insurance Company Ltd., Acorn Asset Management Ltd, fund managed by Ashoka India Equity Investment Trust plc, Quant Mutual Fund, Aditya Birla Sun Life Mutual Fund, Max Life Insurance Company Limited, ICICI Prudential Asset Management Company Limited, HDFC Asset Management Company Limited, Goldman Sachs Asset Management, L.P., Motilal Oswal Midcap 30 Fund, Mirae Asset Global Investments (India) Pvt. Ltd, Nippon Life India Asset Management Limited.

The company issued 37,92,894 equity shares at an issue price of INR 672 per share in the transaction. The company raised the funding through pre-IPO round of financing.