Advertisements As the quarter draws to a close, fund raising by corporates and finance firms from the bond market is on the rise. Companies, including HDFC, Tata Capital Financial Services, LIC Housing Finance and Haldia Petrochem raised over Rs 6,000… Read More ›
Private Equity
Commercial EV Startup Turno Comes Out Of Stealth Mode With 75% Percent Market Share; Raises USD 3.1 Mn
Advertisements Turno, a first-of-its kind startup in the commercial EV segment that has been operating in stealth mode since April 2022, has announced that it has raised USD 3.1 million in new equity financing. The investment was led by Stellaris… Read More ›
Progcap Raises USD 40 Mn From Creation Investments, Tiger Global And Google
Advertisements Progcap, a pioneer in corporate-led financing solutions for small and mid-size businesses (SMBs) in India, has raised US$40 million in private equity capital at US$600 million valuation as part of its Series C extension, taking the total Series C round to $70… Read More ›
British Private Equity Firm Actis To Buy 10 Percent Of Brazil’s Omega Energia
Advertisements Brazilian renewable energy company Omega Energia MEGA3.SA said on Monday that British private equity firm Actis LLP will acquire 10% of its capital stock for around 770 million reais ($147 million). Tarpon Investimentos, which holds a controlling stake in… Read More ›
Investors Richer By Over INR 5.77 Lakh Cr As Markets Rally
Advertisements Equity investors became richer by over Rs 5.77 lakh crore on Tuesday, helped by a rally in the broader market where the BSE benchmark jumped nearly 2 per cent. The BSE Sensex zoomed 934.23 points or 1.81 per cent… Read More ›
Vodafone Idea To Consider Raising Funds Worth INR 500 Cr, Board To Meet On Wednesday
Advertisements Telecom operator Vodafone Idea’s (VI) board of directors will meet on Wednesday to consider a proposal for raising funds aggregating up to Rs 500 crore, by way of issuance of equity shares or convertible warrants on a preferential basis… Read More ›
Indian Private Equity Investments Reach USD 70 Bn In 2,000 Deals In 2021
Advertisements Indian private equity (PE) investments reached $70 billion in 2021 in more than 2,000 deals — an 87 per cent increase over the volumes in 2022, a new report showed on Thursday. Indian investments grew by 96 per cent… Read More ›
Mobikwik Likely To Secure USD 100 Mn In Equity After Deferring Planned IPO
Advertisements Mobikwik is in talks with investors to raise $100 million in equity to fund business expansion after delaying its initial public offering, a founder said. The Gurgaon-based fintech company, which turned profitable for the first time in the quarter,… Read More ›
Moneyboxx Finance Raises INR 20.77 Cr Equity To Fund AUM Growth And Branch Expansion
Advertisements Moneyboxx Finance Limited (Moneyboxx),a BSE-listed Non-Banking Finance Company that provides unsecured and secured business loans to micro and small enterprises in Tier-IIItowns & below places, raised Equity Capital of INR 20.77 crore by way of private placement from non-promoter investors on June 2, 2022,which followed the INR 14.42 crore of Equity raised in December 2021. The Company has strengthened its capital position with the recent… Read More ›
Vikas Lifecare Raised INR 50 Cr Via QIP From Forbes EMF, Nomura And AG Dynamic
Advertisements The company board of Vikas Lifecare Limited has approved the issuance and allotment of 12.50 crore equity shares to eligible, qualified institutional buyers (QIBs). The company has informed the bourses about the same. Through this qualified institutional placement (QIP), the diversified listed conglomerate… Read More ›