Fundings

The new funds will be used to expand its partnership with more shopping portals, grow its merchant network, and expand its balance sheet

Other participants included existing investor Evolvence. The Series G round which was a mix of primary and secondary share sales also facilitated exits for certain investors, the company said

The company was founded by Ayyappan R, former senior VP at Flipkart, chief business officer at Myntra, and the erstwhile CEO of Cleartrip

Rebel Foods was founded by McKinsey & Co. alumnus Jaydeep Barman with the goal of building a range of online-only brands

Haber plans to use the capital primarily to scale its operations internationally, with a particular focus on the Americas, where demand for AI-driven industrial automation solutions is rising rapidly

Funding will enable Pixxel to speed up the deployment of its Firefly constellation and other upcoming missions

Micro and SME lender Annapurna Finance has raised USD 109.5 million (around Rs 927 crore) through a multilateral syndicated social loan facility under the external commercial borrowing framework, a statement said on Saturday. The funds have been raised from 10 known financial institutions from Southeast Asia, the Middle East, and Africa, the Odisha-based SME lender said in the statement. The facility involves a green-show option to raise an additional USD 40 million (around Rs 338 crore), it added. The funds will be used for on-lending to microfinance borrowers with a focus on rural women and underserved populations, the company said. The initiative aims to expand access to financial services, enhance economic participation, and contribute to development in underbanked regions of India. Standard Chartered Bank (SCB) arranged the loan facility. Annapurna Finance, an NBFC-MFI, serves over 2.9 million borrowers across 21 states through over 1,500 branches in 424 districts.

The company offers diagnostics directly to customers' doorsteps, with booking available through its website or app

The equity financing came from 97 investors, and includes stakes as small as $77,593

Mutual fund (MF) debt exposure to NBFCs, which includes commercial papers (CPs) and corporate debt, has now remained above Rs 2 trillion for more than half a year

The investment firm acquired a 10.65 per cent effective interest in the Mumbai-based fintech with the latest round of fund infusion

Country continues to rank among top five markets globally for VC funding activity: Report

This capital will drive ShopDeck's mission to empower small and mid-sized businesses, many of which are emerging brands exploring D2C for first time, to achieve profitability and scale

With the raising of Rs 10,000 crore from infra bonds, SBI's total fundraise has touched Rs 50,000 crore so far during the current financial year. The country's biggest lender State Bank of India earlier this month had raised Rs 10,000 crore through its seventh infrastructure bond issuance. The bank garnered Rs 5,000 crore AT1 Bonds, Rs 15,000 crore Tier 2 Bonds and Rs 30,000 crore Long Term Bonds till date during FY25 at a very competitive rate, SBI said in a statement. All these issues have attracted overwhelming responses from investors and were oversubscribed by more than 2 times against the respective base issue size, it said. SBI Chairman CS Setty said that wider participation and heterogeneity of bids demonstrated the trust investors place in the country's largest bank. The investors were across provident funds, pension funds, insurance companies, mutual funds, banks etc, it said. These bonds are of 15 years tenor except for the AT1 Bonds which is perpetual. Last month, SB

'There is significant funding available today for business models which can demonstrate unit economics within a reasonable timeframe'

Insurtech platform Zopper on Thursday announced it has raised USD 25 million (around Rs 211 crore) in Series D funding round, co-led by Elevation Capital and Dharana Capital. The round also saw participation from existing investor Blume Ventures, said Zopper which is also backed by Creaegis, Bessemer Venture Partners and ICICI Venture. "Zopper will use this fresh funding to ramp up its digital technology infrastructure, by strengthening its insurance distribution platform. The company will also invest in its data science, data engineering, artificial intelligence and machine learning capabilities," it said. The funds will also accelerate growth in the current bancassurance solutions and enhance the post-sales and servicing capabilities of the company's device and appliance protection businesses, Zopper said. "We take pride that we are the only insurtech company that works with insurance providers and creates byte-sized, personalised products that it then supplies to distribution ..

India now has over 150 insurtechs generating revenue exceeding $750 million, with 10 unicorns or soonicorns and more than 45 minicorns

The funding aims to support the startup's expansion across Bengaluru and eventually into other Tier-1 cities, stated the company press release

Emerging India Focus Funds on Monday settled a case concerning the alleged violations of Foreign Portfolio Investor (FPI) rules with markets regulator Sebi on payment of Rs 64.35 lakh towards settlement charges. This came after the applicant filed an application with Sebi proposing to settle the proceedings initiated against it, "without admitting or denying the findings of facts and conclusions of law" through a settlement order. The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the applicant and issued a showcause notice in February for the alleged violations of FPI Regulations and Intermediaries Regulations. Pending adjudication proceedings, Emerging India Focus Funds filed an application with Sebi and shelled out Rs 64.35 lakh on November 13 to settle the alleged violations. "In view of the acceptance of the settlement terms and the receipt of settlement amount ...by Sebi, the instant adjudication proceedings initiated against applican

Investors attribute the revival to the country's strong public markets, which are boosting confidence in initial public offering (IPO)-bound startups offering viable exit opportunities