Page 15 - Fund Raising

Fund-raising drive on track, majority of the $800 mn received, says Byju's

The firm said its payments to education firm Aakash for a $1-billion deal struck last year have concluded and the audited financial results will be out in 10 days

Iron Pillar to raise $400 mn to empower Indian tech startups: Report

Leading investment company Iron Pillar, which backs tech startups in India, is reportedly raising nearly $400 million to further help boost the country's startup ecosystem

Fund raising via debt placement drops 39% to Rs 32,405 crore in Apr-May

Fund raising by listed companies through private placement of corporate bonds dropped 39 per cent to Rs 32,405 crore in the first two months of the current financial year

US based Sequoia Capital aims to raise $2.25 bn amid funding winter: Report

US-based investment firm Sequoia Capital is reportedly raising new funds worth $2.25 billion from potential VCs in the funding winter

AquaExchange raises $3 mn from Endiya Partners, Accion Venture Lab

The company will deploy the capital in strengthening its technology, e-commerce operations & expanding its farm automation footprint to over 100,000 acres of farms by the end of FY23

Fintech startup Progcap raises $40 mn in funding round backed by Google

Google has invested in Indian startup Progcap that caters to small and medium-sized businesses, as it raised $40 million in its Series C funding round

How market uncertainty will impact India Inc's fund-raising plans?

India's stock market is passing through rough weather. Will the uncertainty in the secondary markets and rising interest rates impact the fund-raising plans of India Inc.? Here is a quick check

Proptech startup PropShare raises $47 mn from WestBridge Capital, others

Proptech startup PropShare has raised $47 million (around Rs 367 crore) from investors including WestBridge Capital to ramp up hiring, strengthen technology and offer more asset classes

Chaayos raises $53 mn in Series C funding led by Alpha Wave Ventures

Leading "chai" (tea) cafe chain Chaayos on Thursday announced it has raised $53 million in Series C funding led by Alpha Wave Ventures. The company said it will use the money for tech-enhancement

Re-commerce platform Cashify raises $90 mn, to build technology infra

Re-commerce marketplace Casify on Thursday said it has secured $90 million in its Series E funding from NewQuest Capital Partners and Prosus

India-focused funds on road to raising around $9.8 bn in CY22: Data

While $9.8 billion is the target for the year, about 18 India-focused funds have already raised $1.74 billion. But what is more substantial is the fact that Asia-focused dry powder is $173.4 billion

ShareChat's valuation crosses $5 bn after closing $520 mn funding round

Social media company raises $255 mn from Google, Times Group and existing investors

Crompton Greaves Consumer Electricals to raise Rs 925 cr via NCDs

Crompton Greaves Consumer Electricals Ltd on Monday said it plans to raise long-term funds up to Rs 925 crore through the issuance of non-convertible debentures on a private placement basis

Vedanta to raise up to Rs 4,089 cr via non-convertible debentures

Vedanta Ltd on Saturday said a committee of directors has approved raising up to Rs 4,089 crore via debentures on a private placement basis.

Vedanta's panel of directors to consider raising up to Rs 4,100 cr via NCDs

Vedanta Ltd on Wednesday said a committee of its directors will meet this week to consider raising up to Rs 4,100 crore via debentures.

Online math class platform Cuemath raises $57 mn, tops $407 mn valuation

The funding was led by Alpha Wave and the capital would help the firm to expand to over 100 countries by FY23

MoEngage raises $77 mn in round led by Goldman Sachs Asset Mgt, B Capital

This is Goldman Sachs Asset Management's first investment in an Indian SaaS company

Fintech unicorn Slice raises $50 mn funding led by Tiger Global, others

With its core credit product set to become profitable in the months ahead, Slice will use the new capital to shore up its balance sheet and support expansion of its new UPI product

'Startup founders may find it difficult to raise funds in coming months'

With a capital crunch creeping into the market, startup founders may find it difficult to raise funds at attractive valuations in the coming months, according to industry players. During a joint programme with Meta, formerly known as Facebook, Kalaari Capital's Founder and Managing Director Vani Kola on Wednesday said that customers may defer their purchase decisions and startup founders will need to tighten up their belts and look for alternative opportunities for the business. "There is going to be a period where customers are going to delay certain kinds of decision making, but maybe there are other decisions that they make. I do think, and added to that liquidity that has overleveraged, funds in public markets will flow down ... While we only recently celebrated the 100th unicorn, any of those 100 unicorns today if they have to raise capital will perhaps get a haircut of 30 if not 50 per cent," Kola said. Kola said she has seen four to five financial downturns and whenever there

Ahead of IPO, Aether Industries garners Rs 240 cr from anchor investors

Aether Industries is a speciality chemicals manufacturer focused on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and tech core competencies