Page 10 - Fund Raising

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.

BillionElectric raises $10 mn in seed fund round, launches e-MaaS platform

E-Maas (electric mobility as-a-service) platform BillionElectric on Tuesday announced its entry into the domestic market and said it has secured USD 10 million in a seed round of funding. The capital infusion, which is in the form of equity and lease funding, will be strategically allocated for the deployment of electric tarmac buses at the Bengaluru international airport; and development of a mid-mile heavy EV trucks platform, the company said in a statement. The company said it has already inked a contract to expand its services to 10 additional airports pan-India, following the initial launch in Bengaluru in collaboration with a partner. The funds raised will play a vital role in supporting and accelerating the expansion of operations, it said. "We announce the launch of E-Maas platform BillionElectric accompanied by the successful completion of our seed funding round. Over the last two years of product development and software innovation, this is our significant investment, sa

Aditya Birla Capital to raise up to Rs 1,750 crore via share sale

The issue price for the placement is between Rs 170 and Rs 176, a 6.2% to 2.9% discount to Monday's closing level of Rs 181.25

Top headlines: Go First lenders approve $55 mn infusion, Vi turnaround soon

Business Standard brings you the top headlines at this hour

VC firm Avaana Capital announces first close of climate tech fund at $70 mn

Fund will invest in sectors like energy transition, mobility and supply chains, sustainable agriculture

Climate-focused VC firm Avaana Capital raises $70 mn in first funding round

This is the first close in the Avaana Climate and Sustainability Fund, India's first tech-led climate fund, meaning it can start investing in companies while raising capital for its own fund

Aether Industries hits record high; rallies 10% on fund raising via QIP

Aether Industries on Monday, June 19, launched a QIP issue to raise up to Rs 750 crore and fixed the floor price of the issue at Rs 984.90 per share.

Adani Transmission gets shareholders' nod to raise up to Rs 8,500 crore

According to the company's BSE filing, 98.64 per cent votes were polled in favour of the resolution

NabFID seeks to raise about $1 billion from multilateral institutions

Raises Rs 10k cr in maiden debenture offering; oversubscribed 2.4 times

Lenskart raises $100 mn from ChrysCapital, plans global expansion

Eyewear company's $4.2 bn valuation is unchanged from last year's funding round: Sources

Aviom Housing Finance raises $30 mn from Nuveen to expand mkt reach

Aviom India Housing Finance on Tuesday announced a USD 30 million fundraise from global investment management firm Nuveen in a new funding round. The New Delhi-based company will be deploying the fresh funds to expand its market reach and further strengthen its operational capacities, a statement said. Existing investor C4D Partners has partially exited its holding in the company by selling stake to Nuveen, it said, without divulging the exact stake sold or the money paid by Nuveen in the secondary deal. Aviom caters to low-income households in rural and semi-urban areas, providing them with construction, improvement, sanitation, and renovation loans. Its founder, managing director and chief executive Kajal Ilmi said the newly raised funds will support its efforts on amplifying the company's market reach. The statement said C4D Partners has achieved excellent returns on their investment, and added that since the investment, gross loan portfolio has grown seen times, employee stren

Titagarh to raise Rs 288 cr via share allotment to Smallcap World Fund

Titagarh Rail Systems Ltd, formerly known as Titagarh Wagons, said that its board has approved a proposal to raise Rs 288.80 crore through preferential allotment of shares to Smallcap World Fund Inc. Following the completion of the share allotment, the investor will hold roughly 5.98 per cent stake of the wagon maker. In a regulatory filing, the company said the board, at its meeting held on Saturday, considered and approved the raising of funds through the issuance of up to 76 lakh equity shares of the face value of Rs 2 each to Smallcap World Fund Inc, a part of Capital Group and one of the largest financial investors, on a preferential basis. The shares will be issued at a rate of Rs 380 per share, as compared to the floor price of Rs 347.68 a piece. Notably, Titagarh Rail Systems, in partnership with Ramkrishna Forgings, is in the process of setting up a train wheel manufacturing plant. The company has also secured an order for 80 train sets from Indian Railways, in collaborat

Software firm Capillary Technologies raises $45mn in Series D round

Funds raised from consortium of investors will be crucial for global expansion efforts and to support M&A strategy, says Capillary

PhonePe raises another $100 mn from General Atlantic as part of $1 bn plan

The company has raised a total of $850 million from several global investors, including $550 million from General Atlantic alone

Adani Enterprises to hold board meeting to approve proposal to raise funds

Adani Enterprises Ltd said on Wednesday that the company's board will hold a meeting on May 13 to approve a proposal to raise funds

Distribution and logistics platform Ripplr raises $40mn to expand footprint

Tech distribution and logistics platform Ripplr on Wednesday said it has raised $40 mn in a Series B round led by Fireside Ventures

TPG-backed RR Kabel files for IPO to raise up to $27.5 million

Indian wire and cable maker RR Kabel Ltd., backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to $27.53 million