Page 2 - Corporate Fundraising

Corporate funding in energy storage halves to $7 bn in Jan-Jun: Report

Total corporate funding in energy storage globally fell 55 per cent to USD 7.1 billion during the January-June period or first half of 2023, according to Mercom Capital. The segment had attracted USD 15.8 billion during the same period in 2022, the research firm said in its latest report. The report comes at a time when various governments across the globe are aiming to increase storage of renewable energy as part of their green initiatives to meet their net zero goals. "Corporate funding into energy storage companies reached USD 7.1 billion in 59 deals in 1H (first half) 2023, a 55 per cent decrease YoY compared to USD 15.8 billion in 60 deals in 1H 2022," it said. However, the corporate funding in energy storage bounced back in April-June or Q2 2023 with USD 4.9 billion raised in 32 deals, a 126 per cent increase quarter-over-quarter (QoQ). The funding during the Q2 was up 67 per cent year-over-year (YoY), the report said. The venture capital (VC) funding in energy storage in 1H

Federal Bank board to consider fundraising via issue of preference shares

Lenders plans issuing 72.6 mn such shares to International Finance Corporation

HDFC to raise Rs 10,000 cr via non-convertible debentures, tenure of 10 yrs

Mortgage lender HDFC on Monday said it will raise Rs 10,000 crore by issuing non-convertible debentures (NCDs) on a private placement basis to shore up its resources. These unsecured NCDs have a tenure of 10 years, and the coupon rate will be decided on the electronic bidding platform, HDFC said in a regulatory filing. The object of the issue is to augment the long-term resources of the corporation, it said. The proceeds of the issue would be utilised for financing/refinancing the housing finance business requirements, it said.

Adani Group's Abu Dhabi backer says no plan to join any new share sale

Three companies controlled by Adani are considering a fundraising that may draw as much as $5 billion

pi Ventures raises $8 mn for 2nd fund from British International Investment

The second fund was launched in March 2021 with a base target corpus of $75 million and including a green shoe target of $100 million

Gujarat and Rajasthan are Corporate India's investment lodestone

Gujarat tops with Rs 4 tn in fresh investments, Rajasthan is second with Rs 2.37 tn investments in FY22

Vedanta Resources' near-term liquidity risk as it seeks funds: S&P

Anil Agarwal-controlled unit looks to raise $700 mn from Indian lenders

Ola Electric raises $100-million long-term debt to build mega factory

The Ola Futurefactory is coming up on a 500-acre site in Tamil Nadu. At full capacity of 10 million vehicles annually, it will be the world's largest two-wheeler factory

UK-based Tide raises $100 mn funding from Apax Digital Fund, others

UK-based digital business financial platform Tide on Monday said it has raised over USD 100 million (about Rs 745 crore) in funding

3one4 Capital leads early-stage round in healthtech firm Breathe Well-being

The enterprise, which helps people prevent and manage Type-2 Diabetes has raised $1 million

Corporate card provider Kodo raises $8.75 mn seed from slew of investors

Card spends on Kodo have grown 45 per cent month-on-month for the past 12 months, the company claims

IvyCap leads $6 million funding round in mobility platform Get My Parking

Existing investor IAN Fund also participates. With this Series-A round, startup has raised $10.5 million in all so far

Elevation Capital leads seed round in women's activewear brand BlissClub

India is the world's fastest growing activewear market with women's segment contributing to most of the growth

ANSR raises $15 mn from Sistema Asia Fund and Evolvence in Series B round

ANSR had earlier raised Series 'A' from Accel Partners, who will remain invested as the firm's largest shareholder

Qube Health raises undisclosed sum in Inflection Point-led pre-series A

Other investors in this round are Mohit Burman (Dabur Group), Keiretsu Forum (NCR, Bengaluru & Chennai Chapters) and a group of other marquee Indian and International HNIs

Meesho becomes unicorn after SoftBank-led $300-million fundraise

Social commerce opportunity in India is pegged at $16-20 billion by 2025

SME-focused startup Flobiz raises $10 million from Elevation, others

Flobiz said it has raised $10 million (about Rs 72.5 crore) in a series-A round from Elevation Capital and existing investors Greenoaks Capital and Beenext

Aqua Security raises $135 mn to hit $1 bn-valuation, to focus on India R&D

With about 50 employees in the country, India is Aqua's strategic centre and it is going to double its investment here in 2021

Web Werks raises $150 mn from Iron Mountain to fuel India expansion

Iron Mountain will be majority stakeholder in the venture, deal will allow Web Werks to speed up expansion across Indian cities and build capacity

Adani Ports raises $750 mn via issue of fixed rate senior unsecured notes

Adani Ports and Special Economic Zone (APSEZ) on Tuesday said it has raised $750 million (about Rs 5,600 crore) by issuing fixed rate senior unsecured notes.