Page 3 - Fund Raising

Prestige Estates shares slump 5% on plans to raise capital via QIP

Prestige Estates shares dropped up to 5 per cent at Rs 1,837 per share on the NSE in Wednesday's intraday trade

Alyve Health raises $5.5 mn in Series A funding led by Axilor Ventures

Health tech platform Alyve Health on Tuesday said it has raised USD 5.5 million (over Rs 45 crore) in a Series A funding round led by Axilor Ventures. The investment round saw participation from 1Crowd Fund, an existing investor, as well as Inhealth Ventures, a healthcare-focused fund, the company said in a statement. The company also raised venture debt fund from Trifecta Capital as part of this round, it added. The new funds will be utilised for strategic growth initiatives across key areas like platform enhancement, talent acquisition, expansion of operations, amplification of services, and higher member engagement, Alyve Health said. "This investment empowers us to continue innovating on our product and technology," Alyve Health Co-founder & CEO Shashank Avadhani said. Alyve Health provides healthcare services to individuals, employers, and other businesses with plans covering multiple healthcare journeys like doctor consultations, diagnostics, medicine purchases, dental ...

SBI plans to raise Rs 10,000 cr via infrastructure bonds, say bankers

This will be the lender's first bond issuance and the country's first infrastructure bond sale this financial year

Startup Landeed raises funds from Paradigm Shift to extend product line

Proptech startup Landeed on Tuesday said it has raised funds in a strategic financing round led by Paradigm Shift VC. The company did not disclose the amount of funds raised. Landeed in a statement said it will utilise the fresh capital to extend its product line and expand its workforce to support its growing expansion in India and abroad. In January 2023, the homegrown startup raised USD 8.3 million in a funding round led by Y Combinator, Draper Associates, and Bayhouse Capital. Landeed's mobile app allows property owners, agents, developers, and legal advisors to access real estate records for building, lending, and transacting properties. Founded by Sanjay Mandava, ZJ Lin, and Jonathan Richards, the startup recently launched an AI Property Analyser, which provides a complete ownership history of properties, from the initial owner to the most recent, including any transactions or encumbrances. "Though we weren't actively raising funds, were heavily oversubscribed in the last r

Skincare startup Foxtale raises $18 mn in funding for category expansion

D2C skincare brand Foxtale on Wednesday said it has raised USD 18 million (about Rs 150 crore) in a funding round led by Singapore-based Panthera Growth Partners and plans to deploy the fresh capital towards category expansion and top-level hiring. The Series B funding round also saw participation from the company's returning investors Matrix Partners India and Kae Capital. Founded by Romita Mazumdar, the Mumbai-based startup commenced operations in January 2022 and has a vast customer base spanning over 100 Indian cities. "The fresh round of funds will be deployed towards expanding our digital footprint and introducing newer categories in our portfolio of products. Apart from category expansion, we are also looking to hire some C-suite executives into the team," Mazumdar told PTI. The young entrepreneur further mentioned that Foxtale is a digital-first business, with 90 per cent of its revenue driven digitally. Foxtale's gross revenue for FY24 stood at Rs 175 crore. For FY25, t

State Bank of India plans to raise up to $3 billion via debt in FY25

Several state run-lenders, including Canara Bank, Punjab and Sind Bank and Punjab National Bank , plan to raise funds via debt this fiscal year

Battery Smart raises $65 mn in funding round led by LeapFrog Investments

Battery swapping network Battery Smart on Tuesday said it has raised USD 65 million in a funding round, comprising a mix of primary and secondary investments, led by LeapFrog Investments. The Series-B funding round also saw participation from new and existing investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund (EIF), Blume Ventures, and British International Investment (BII), the company said in a statement. The freshly raised funds will be utilised to fuel the company's next phase of expansion, Battery Smart said. "The fresh capital will enable us to accelerate our expansion, enhance our technology, and strengthen our market presence," said Pulkit Khurana, Co-Founder and CEO, Battery Smart. Since the launch of its first swap station in the National Capital four years ago, the company has scaled to 1,000 stations across 30 cities, completing over 35 million swaps and has expanded its footprint nationwide with charging stations in tier 1, 2, and 3 cities, it ...

B2B fintech Vegapay raises $5.5 mn; co. to fund team expansion, operations

The company will utilise the capital raised towards expanding product and technology teams and investing in operations and compliance requirements

Goldman Sachs fund raises more than $20 billion for direct lending

The fund, West Street Loan Partners V, is targeting to back private equity-backed global businesses and has already invested or committed $4 billion across 37 portfolio companies to date

Top EV ride-hailer BluSmart seeks $300 million in 3 yrs to expand car fleet

Part of the funding it raises will go toward the company's expansion beyond Delhi and the southern Indian city of Bengaluru. BluSmart will launch in Dubai next month with about 100 Audi EVs

Punjab National Bank seeks to close institutional share sale in 6 mths: CEO

Punjab National Bank's board had in December approved a Rs 7,500 crore ($898 million) fund raise through equity capital

Parseable raises $2.5 mn in seed round to expand log analytics services

Bengaluru-based company specialises in processing huge amounts of data generated by information technology systems

Adani's Dhamra LNG in talks with banks to borrow $600 million for gas unit

The conglomerate is regaining the confidence of investors since being targeted early last year by US short seller Hindenburg Research

Travel distribution firm TBO Tek eyes Rs 1K cr via IPO; issue to open May 8

Travel distribution firm TBO Tek Ltd is looking to raise Rs 1,000 crore through its initial share sale, which will open for public subscription on May 8. The Initial Public Offering (IPO) will conclude on May 10 and the bidding for anchor investors will open for a day on May 7, according to the Red Herring Prospectus (RHP). The company's maiden public issue comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer-for-Sale (0FS) of up to 1.25 crore equity shares by promoters and investors. According to market sources, OFS size could be around Rs 600 crore, taking the total IPO size to Rs 1,000 crore. Those selling shares in the OFS are promoters -- Gaurav Bhatnagar, Manish Dhingra and LAP Travel -- and investors-- TBO Korea and Augusta TBO. Proceeds from the fresh issue will be used for the growth and strengthening of the platform by adding new buyers and suppliers, and unidentified inorganic acquisitions, besides, a portion will be used for general ...

Anthill Ventures seeks to raise $100 mn for private credit cross-fund

The $1.7 trillion global private credit market has become a serious rival to mainstream lending, attracting investors by offering higher rates of returns

Odysse Electric looking to raise $5-10 million for expansion, says CEO

Electric two-wheeler maker Odysse Electric is looking to raise USD 5-10 million to drive its growth plans, including new product development and scaling up manufacturing capabilities, as it sets sight on the mass segment, company's Chief Executive Officer Nemin Vora has said. The company has already started the process to secure external funding, which is expected to be completed by the current quarter of this fiscal, Vora said in an interaction with PTI. Operational since 2020, the city-based EV maker with over 60 dealerships across 20-plus states claims to have sold over 10,000 vehicles in the domestic market till date, besides having an order book of over 20,000 vehicles through its B2B channel. Odysse offers seven vehicle models with 12 variants, comprising both high- and low-speed electric scooters as well as bikes. "We are seeking external capital to finance our growth and capture a significant share of the Indian E2W (electric two-wheeler) market," Vora told PTI. "The compa

Sterlite Tech tumbles 7% on profit booking; Co raises Rs 1,000 cr via QIP

On Tuesday, April 16, the stock price of Sterlite Technologies had jumped 9 per cent intraday trade

Ahead of FPO, Vi raises Rs 5,400 cr, anchor book subscribed over 2x

GQG invests Rs 1,347 cr, likely to invest in main book as well

Healthcare firm Nephro Care India files papers to raise funds via IPO

Healthcare provider will use the proceeds to set up a hospital in Kolkata and for general corporate purposes

Motilal Oswal Financial Services to raise up to Rs 1,000 cr via NCDs

Motilal Oswal Financial Services on Monday said it plans to raise up to Rs 1,000 crore by issuing non-convertible debentures (NCDs) through public issue. The company proposes to raise through the Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each for an amount up to Rs 500 crore (Base Issue Size), with a green shoe option of up to Rs 500 crore, cumulatively aggregating up to Rs 1,000 crore. There are eight series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and at maturity interest options. Effective annual yield for NCDs ranges from 8.85 per cent to 9.70 per cent per annum, Motilal Oswal Financial Services said in a regulatory filing. At least 75 per cent of the funds raised through this issue will be used for the purpose of meeting working capital requirement and repayment of existing liabilities and the balance amount would be utilised for general corporate purposes