Page 7 - Fund Raising

Visa application startup Atlys raises $12 million in series A funding

Investment round led by Peak XV and Elevation Capital

Kuku FM raises $25 mn from investors; aims to expand content, improve tech

Company will use financing to expand its repository of Indian language audiobooks, podcasts, courses

Sidbi to raise Rs 10,000 cr from rights issue to expand equity capital

Small Industries Development Bank of India (Sidbi), which refinances SME loans, plans to float a Rs 10,000-crore rights issue next fiscal to expand its equity capital as it expects to grow assets to Rs 5 lakh crore by March 2024 from about Rs 4 lakh crore in March 2023, a top official has said. The central government owns 20.8 per cent in Sidbi, while State Bank of India holds 15.65 per cent and Life Insurance Corporation 13.33 per cent. The rest of the equity is held by other public financial institutions and banks. The shareholders will subscribe to the proposed rights issue. The lender's loan growth optimism comes from the demand for direct financing that is growing by leaps and bounds, which two years ago was only 7 per cent of its book but is now 14 per cent. Sivasubramanian Ramann, chairman and managing director, said the proposed rights issue will be carried out in two tranches of Rs 5,000 crore each next fiscal to expand its capital base by Rs 10,000 crore and support the ..

SoftBank-backed Arm raises $4.87 billion in biggest IPO of the year

At the IPO price, Arm is valued at about $54.5 billion, according to Bloomberg News calculations. Underwriters have the option of buying as many as 7 million additional shares

Fintech firm Perfios raises $229 mn from Kedaara in Series D funding

Perfios, a B2B SaaS specialist, says investment will help it in 'providing access to financial services'

Wire and cables maker RR Kabel aims to raise $236 million via IPO

The Mumbai-based company, backed by private equity firm TPG, will issue new shares worth Rs 180 crore, as per its prospectus dated Sept. 6

Gaming firm Nazara Technologies to raise Rs 410 cr from SBI Mutual Fund

Company will use investment for growth objectives including strategic acquisitions

Govt may not issue green bonds this fiscal due to lack of premium

"The government is not very keen to issue green bonds because of a lack of premium for such issuances. It had hoped for over 20 basis points of premium in the first auction," said the official

RBI allows infra debt funds to raise money via foreign loan route

IDF-NBFCs were earlier allowed to raise funds through rupee or dollar-denominated bonds of minimum five-year maturity, to the extent of up to 10 per cent of their total outstanding borrowings

Dr Agarwal's Health Care raises Rs 650 crore from TPG and Temasek

In addition, Dr Agarwal's Health Care has plans to invest around Rs 1,200 crore to establish hospitals across its regions in India and Africa

Home liftmaker Nibav in talks with global PE firms to raise $100 mn by Nov

Currently, the company produces approximately 350 units per month, and it aims to double this figure by the end of the year, reaching around 700-800 units

AI Fitness App 'All is Well' raises Rs 2 cr to integrate wearable tech

AI-enabled integrated fitness platform All is Well has raised USD 250,000 (around Rs 2 crore) led by Bharat Founders Fund and angel investors, including Bombay Shaving Company Founder and CEO Shantanu Deshpande and actor Abhishek Banerjee, among others. Founded in October last year by olympian and Arjuna awardee badminton player Aparna Popat and IIT Roorkee alum Vaibhav Tandon, the company provides personalised physical, nutrition and mental training techniques used by top cricketers and Olympic medalists. "Access to these sport-specific and personalised training techniques was once exclusive to the elite sportspersons. We now have a holistic team of pedigreed tech, sports and business thought leaders to make a unique performance-focused app," All Is Well CEO Vaibhav Tandon said. The company will utilise the funds to include new sports, integrate wearable technology and filing international patents, it said.

GMR Airports Infrastructure plans to raise Rs 5,000 cr in Aug 14 meeting

GMR Airports Infrastructure Ltd on Tuesday said its board will consider raising funds of up to Rs 5,000 crore during the meeting on August 14. At the meeting, the board will also consider the company's unaudited financial results for the quarter ended June, according to a regulatory filing. The board will consider "raising of funds up to Rs 5,000 crore in one or more tranche(s), through issue of securities including a Qualified Institutions Placement and/or Foreign Currency Convertible Bonds and/or any other securities as an enabling resolution as per the requirements of applicable laws which shall be subject to the approval of shareholders and other regulatory and/or statutory approvals, as applicable," it said. Among others, GMR Group operates airports in Delhi, Hyderabad and Goa. Shares of the company rose more than 1 per cent to close at Rs 52.11 apiece on the BSE.

State Bank of India raises Rs 10,000 crore via infra bonds at 7.54%

Prices issue at finer rate amid hardening yield; Gets bids worth Rs 21,698 crore

Auxilo Finserve raises Rs 470 cr; to expand loan base, product offerings

The company stated that it has funded over 7,500 students across over 900 universities in over 25 countries

Cyber security start-up PingSafe announces raising $3.3 mn in seed funding

Company aims to serve cloud security-related organisational needs for customers

AI4Bharat researchers set to raise $12 mn from Peak XV, Lightspeed: Report

The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI's ChatGPT dazzled users with its ability to engage in human-like conversations

Digital consulting firm KaarTech raises $30 mn in funding from A91 Partners

Chennai-based B2B company says it will use money to expand business in international markets

Edtech giant Byju's to raise funds by paring stake in subsidiary Aakash

According to a media report by ET Now, Byju's parent firm Think & Learn is planning to sell almost 20 per cent stake in the company

Aditya Birla Capital gains 4%; hits 52-week high post launch of QIP issue

On June 1, the company's board approved preferential issuance of Rs 1,250 crore to its promoter and promoter group entity, out of the total approved equity fund raise of upto Rs 3,000 crore.