Page 11 - Fund Raising

Bengaluru-based tech firms raised record $7.5 bn in 2022, says report

Bengaluru-based tech companies raised record levels in the first three quarters of this year with $7.5 billion in VC funding -- up from $5.2 billion in 2021, a report showed on Wednesday

Adani Enterprises falls 3% as board to mull fund-raise on November 25

According to a Bloomberg report, the share sale for the fund raise could raise as much as $2.4 billion for the company

ProcMart raises $10 mn in funding round led by Sixth Sense Ventures

B2B e-commerce firm ProcMart on Monday said it has raised USD 10 million, about Rs 82 crore in a funding round led by Sixth Sense Ventures. The latest Series A funding round will be deployed towards international expansion, strengthening vendor partnerships and upgrading technological and warehousing capabilities, the company said in a statement. Noida-based ProcMart plans to achieve Rs 1,000 crore revenue in next three years and is planning to expand in Vietnam, Australia and Dubai in the coming months. "This financing will be crucial to increasing our geographic reach, forming effective vendor alliances, and improving our technological and warehousing capabilities. "Sixth Sense has a strong track record of partnering with Business-to-business (B2B) enablers and helping them scale leveraging their ecosystem connect. We are excited to have them partner with us as we embark upon the next leg of growth," ProcMart Founder and CEO, Anish Popli said. Founded in 2015, ProcMart is an ..

Blackstone-backed Nexus files for $500 mn IPO in 1st retail REIT offer

Global investment firm Blackstone-sponsored Nexus Select Trust filed the draft paper with market regulator SEBI on Thursday to launch India's first public issue of retail REIT to raise around USD 500 million, sources said. Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering about 10 million square feet area valued around USD 3 billion. As per the sources, Nexus Select Trust has filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) and is looking to hit the capital market with India's first retail REIT (Real Estate Investment Trust) public issue in the first half of 2023 calendar year. The size of the initial public offer (IPO) of Nexus Select Trust REIT will be around USD 500 million, they added. This will be the third REIT sponsored by the Blackstone. It had earlier launched India's first REIT -- Embassy Office Parks REIT-- and then Mindspace Business Parks REIT. The REIT, a popular ..

Fifth year of zero SME rights issues likely after Rs 100 cr mop up in 2014

Year 2017 first with nil funds raised; experts say easier routes of raising capital such as QIP driving down popularity of rights

Healthtech start-up BeatO raises $33 mn in Series B from Lightrock

Firm provides affordable diabetes care with a focus on people who don't have access to specialists

Simplilearn raises $45mn in new funding round led by GSV Ventures

Start-up added more than more than 120,000 paid learners in the past year

Content management platform Contentstack raises $80 mn in Series C funding

Georgian's Lead Investor Emily Walsh will join the Contentstack board along with Contentstack CFO David Overmyer

Instant food brand Yu raises Rs 20 cr funding for business expansion

Company says it will 'aggressively expand' presence in US, Africa and West Asia

SAT relief for Bombay Dyeing and Wadias in Sebi market ban case

Tribunal stays order restraining company and promoters from capital markets for 2 years

Another busy week for mkt; 4 firms set to launch IPOs to raise Rs 5,000 cr

The primary market continues to be a busy one with four firms, including Archean Chemical Industries and Five Star Business Finance, are set to float their IPOs next week to collectively raise about Rs 5,000 crore. The other two firms whose initial public offerings (IPOs) are ready to open are -- Kaynes Technology India and Inox Green Energy Services. This came after four companies launched their initial share-sales last week. Of these, two IPOs -- maker of snacks and sweets Bikaji Foods International and Global Health Ltd which operates hospitals under the Medanta brand -- are currently underway. The IPOs of Archean Chemical and Five Star Business will be open for public subscription on November 9 and close on November 11, while that of Kaynes Technology and Inox Green are set to kick off on November 10 and November 11 respectively, as per the red herring prospectus (RHP). So far in 2022, as many as 26 companies have floated their IPOs to raise over Rs 48,000 crore. In 2021, 63 IP

Cashback and coupons firm CashKaro raises Rs 130 crore in funding

Company will use funding for expansion, new technology and product development

E-commerce enabler Optiwise.ai raises $1.3 mn from StartupXseed Ventures

The company plans to spend the proceeds on its products, building a world-class team, and expanding its customer base beyond North America to other emerging e-commerce regions

Fusion Ltd plans to raise about Rs 600 crore by issuing fresh equity shares

Microfinance company Fusion Limited is planning to raise around Rs 600 crore through fresh issuance of equity shares in its initial public offering (IPO), a top official said on Saturday. The initial share sale will open for public subscription on November 2 and conclude on November 4. The company has fixed a price band of Rs 350-368 a share, its MD and CEO Devesh Sachdev said at a press conference. The IPO comprises fresh issuance of equity shares worth Rs 600 crore and an offer of sale of 1,36,95,466 equity shares by promoters and existing shareholders. The company is expected to raise Rs 1,104 crore at the upper end of the price band. The company has around 1,000 branches in 377 districts in 19 states in the country with a 29 lakh customer base, Sachdev said. The company presently manages a Rs 7,400 crore portfolio, out of which Rs 500 crore portfolio is from Rajasthan, he added. The company offers loans in the rural sector, especially women with an average loan size of Rs 25,

Tata plans to borrow Rs 15,000 crore for Air India's working capital

The money will be used to cover day-to-day air operations and losses, refurbish the fleet, pay aircraft rentals and overhaul IT operations, according to sources

Indus Towers to raise Rs 2,000 crore via NCDs after weak Q2 result

The fund raise was approved by the company's board of directors following the second quarter FY 2023 result which saw 44 per cent year on year drop in net profit to Rs 872 crore.

Software delivery firm Devtron raises $12 mn funding from Insight Partners

Start-up will use financing to expand team, promote its platform and expand business

Vodafone Idea gets board of directors' nod to raise Rs 1,600 cr from ATC

Board approves issue of debentures

Revfin raises $10 mn in series A funding from Green Frontier Capital

Revfin plans to use the funds to expand its geographical footprint to 25 states and capture over 10 per cent national market share of financed electric three-wheelers

Shardeum raises $18 mn in seed round from a clutch of 60 investors

WazirX founder Nischal Shetty, also co-founder Shardeum, says crypto world needs to work with regulatory bodies