Page 22 - Fund Raising
Bumble raises stakes for IPO date with over $7 billion valuation target
The firm on Monday increased the size of its much-awaited stock market debut
 "Bumble raises stakes for IPO date with over $7 billion valuation target")
Edtech startup Newton School raises $5 million Series A round of financing
City-based ed-tech startup, Newton School, has raised USD five million Series A round of financing, led by RTP Global. The funding round saw participation from existing investors Nexus Venture Partners, Prophetic Ventures and Unacademy co-founders Gaurav Munjal, Roman Saini and Hemesh Singh. Flipkarts CEO Kalyan Krishnamoorthy, CREDs Kunal Shah, Freshworks Girish Mathrubootham, Udaans Sujeet Kumar and Razorpay founders Harshil Mathur & Shashank Kumar along with a slew of angels also participated in the round, it said in a statement. The capital will be used for team expansion, scaling student intake and product development, it was stated.
 "Edtech startup Newton School raises $5 million Series A round of financing")
Vested Finance raises $3.6 million funding from Moving Capital, others
Ovo Fund and TenOneTen Ventures in the US also took part in the funding round
 "Vested Finance raises $3.6 million funding from Moving Capital, others")
V-Mart Retail raises Rs 375 cr from qualified institutional buyers
V-Mart Retail on Wednesday said it has raised Rs 374.99 crore
 "V-Mart Retail raises Rs 375 cr from qualified institutional buyers")
Healthcare platform MediBuddy closes $40 million funding round
The firm raised the money in a Series B funding round
 "Healthcare platform MediBuddy closes $40 million funding round")
Robinhood raises $3.4 billion from investors amid surge in trading
The move comes amid a spike in trading on Wall Street fuelled by small investors driving up shares in GameStop and other stocks
Prudential drops Jackson IPO in favour of demerger, may raise $2.5-3 bn
Former MetLife CEO Steven Kandarian will become non-executive chair of Jackson from Feb 1, Prudential said
Apollo Hospitals gains 4%, hits new high on successful fund raising via QIP
Apollo Hospitals said it will use the funds raised to acquire a 50 per cent stake in a joint venture, seek inorganic growth opportunities, as well as, look to pare down debt in its balance sheet
 "Apollo Hospitals gains 4%, hits new high on successful fund raising via QIP")
Stove Kraft IPO to open on Jan 25; price band fixed at Rs 384-385 a share
Stove Kraft Ltd is a manufacturer of kitchen appliances
Food-grocery marketplace Jumbotail completes $25 million fundraise
Tech startups including Jumbotail are poised to transform the kirana store ecosystem at an unprecedented pace and scale over the next few years
 "Food-grocery marketplace Jumbotail completes $25 million fundraise")
Cred raises $81 million funding, undertakes $1.2 million buyback plan
This gives the fintech firm a post-money valuation of $806 million (about Rs 5,883 crore)
 "Cred raises $81 million funding, undertakes $1.2 million buyback plan")
Fund raising via equity issues jumps more than doubles in 2020
The devastating pandemic failed to dampen the primary and secondary capital market issuances
 "Fund raising via equity issues jumps more than doubles in 2020")
Mindspace REIT raises Rs 200 crore through issue of debentures
The issue was on a private placement basis
 "Mindspace REIT raises Rs 200 crore through issue of debentures")
Shriram City Union Finance to raise up to Rs 200 cr through bonds
The bonds will be in the nature of secured, rated, listed, redeemable, principal protected market linked debentures (PP-MLD)
 "Shriram City Union Finance to raise up to Rs 200 cr through bonds")
Muthoot Finance to raise Rs 1,000 cr through public issue of bonds
The allotment will be on first come first serve basis
 "Muthoot Finance to raise Rs 1,000 cr through public issue of bonds")
Companies raise over Rs 73,000 cr from capital markets in October
Rs 62,331 crore was mopped up from private placement of debt securities
 "Companies raise over Rs 73,000 cr from capital markets in October")
Punjab & Sind Bank's board to consider plan for raising up to Rs 5,500 cr
State-owned Punjab & Sind Bank on Wednesday said the board of bank will meet later this week to consider raising up to Rs 5,500 crore by issuing shares on a preferential basis. "A meeting of board of directors of Punjab & Sind Bank is scheduled to be held on Saturday, November 21, 2020, for considering to offer, issue, create and allot equity shares up to Rs 5,500 crore (including preferential issue of equity shares)," the bank said in a regulatory filing. Shares of Punjab & Sind Bank on Wednesday closed 0.88 per cent up at Rs 11.40 apiece on the BSE.
 "Punjab & Sind Bank's board to consider plan for raising up to Rs 5,500 cr")
Shoppers Stop to raise Rs 300 cr via rights, issue open Nov 27-Dec 11
Existing investors holding 70 shares can apply for 17 new shares at Rs 140 apiece
 "Shoppers Stop to raise Rs 300 cr via rights, issue open Nov 27-Dec 11")
RBL Bank completes Rs 1,566 cr fund raising through preferential allotment
With this, the lender's capital adequacy has gone up to to 18.7%
 "RBL Bank completes Rs 1,566 cr fund raising through preferential allotment")
Zomato raises $195 mn in funding from 6 investors, valued at $3.6 bn
Upon closing of the fund raise, Info Edge's shareholding in Zomato shall stand reduced to about 20.8 per cent on fully converted and diluted basis
 "Zomato raises $195 mn in funding from 6 investors, valued at $3.6 bn")