Page 20 - Fund Raising

Shriram Transport Finance raises nearly Rs 2,000 crore through QIP

The issue, which was launched on June 7, 2021, received 6.3 times oversubscription, a company release said.

Yes Bank board approves plan to raise up to Rs 10,000 cr via debt

Yes Bank on Thursday received board approval for raising up to Rs 10,000 crore by issuing debt securities.

Whatfix raises $90 mn funding from SoftBank Vision Fund 2, others

Whatfix is a digital adoption solutions provider

Reliance Infra, Reliance Power: Trading strategies for ADAG stocks

Despite a 50 per cent gain in May, Reliance Infrastructure continues to carry positive momentum. Now, the news of raising fund is likely to act as a positive catalyst in the near-term

Britannia Industries to raise Rs 698.51 crore via bonus debentures

Britannia Industries on Thursday said its board has approved a proposal to raise Rs 698.51 crore by issuing bonus debentures to eligible equity shareholders.

Urban Company raises $255 million, valuation crosses $2.1 billion

Home services marketplace Urban Company on Wednesday said it has raised $255 million (about Rs 1,857 crore) in funding led by Prosus Ventures, Dragoneer and Wellington Management

PNB Housing Fin zooms 20% on board nod to raise Rs 4,000 crore

Carlyle has agreed to invest up to Rs 3,185 crore through a preferential allotment of equity shares and warrants, at a price of Rs 390 per share

After $400 mn fundraise, Dream Sports deploys $50 mn in subsidiary Fancode

Dream Sports has invested USD 50 million in its subsidiary Fancode (FC) to help the platform's expansion activities to become one with the largest sports fans base

Yalo raises $50 mn funding led by existing venture investor B Capital Group

Yalo will use the financing to deepen its presence in Latin America and Southeast Asia

Canara Bank board meeting on Friday to consider capital raise for this fiscal

The bank is looking to raise capital through a mix of equity and debt instruments

IPO boom: $140.3 billion raised globally via 670 offers in 2021

At 670, the number of issues / IPOs in the first five months of CY21 is the second-highest since the calendar year 2000 when 677 IPOs hit the Street globally.

Myelin Foundry raises pre-series A funding of $1 million from Japanese VC

The new round will be used to consolidate Myelin's products in the India video streaming market, and to expand into international markets

Rubix Data Science raises Rs 6.2 crore from Cactus Venture, others

Proceeds will be invested in enhancing technology and analytics capabilities of the Rubix Automated Risk Management and Monitoring System (ARMS) platform

Fund raising via NCDs drops 29% in FY21 on decline in credit ratings

Fund raising through issuance of debentures dropped 29 per cent to Rs 10,587 crore in 2020-21

Highest-ever fundraising via IPOs in FY21; FY22 will be tough: Analysts

Retail investors were the key drivers of the momentum seen in the primary markets in FY21. The road in FY22, however, will not be easy as investors are likely to become choosier

Dream11 parent touches $5-bn valuation after $400-mn secondary fund raise

This is the largest investment in the Indian sports tech ecosystem to date

Indian IPO fundraising at 13-year peak as mom-and-pop investors pile in

The stimulus unleashed by central banks globally in response to the Covid-19 pandemic also has driven flows from foreign investors into many emerging market shares, particularly India

Sebi bars 3 companies, 10 individuals for illegal fund raising activities

Regulator Sebi on Friday barred three companies and ten individuals from the securities market for illegally raising money from investors in the name of investments for teak trees.

D2C fashion brand Bewakoof raises Rs 30 cr from IvyCap Ventures

Direct-to-consumer (D2C) fashion brand Bewakoof on Thursday said it has raised Rs 30 crore from IvyCap Ventures. The fresh proceeds would help the company in the growth journey towards a Rs 1,000 crore company by financial year 2024, it said. "Bewakoof has raised Rs 30 crore from IvyCap Ventures Trust Fund II. The fresh infusion has come 10 months after their previous fundraise. Last year, Bewakoof had raised Rs 8 crore in May 2020 after raising from Investcorp in October 2019," the company said in a statement. Bewakoof intends to invest the funds in enhancing customer experience, technology and newer product categories as it prepares for the next phase of growth. Founded in 2012, Bewakoof claims to have registered revenue of over Rs 200 crore in financial year 2019. Due to the pandemic, the company expects revenue to be 30-35 per cent lower than pre-COVID numbers, but with better unit economics than the previous year. Bewakoof is backed by institutional investors like Investcorp

DLF to raise Rs 500 crore via NCDs in its first major fund hunt in 2021

The Delhi-based group's latest bid to raise funds will be at a coupon rate of 8.25 percent.