Page 36 - Funding

Edelweiss alt investment arm raises $900 mn in largest funding this year

Investors include Ontario Teachers' Pension Plan Board, Florida's State Board of Administration, Swedish Pension Fund - AP4 and a European insurance investor

Miko gets Rs 23 cr funding from Stride Ventures, Chiratae Ventures, others

Stride Ventures on Monday said it has led an investment round of Rs 23 crore in Miko, an India-born robotics firm

ACKO raises $60 million from Munich Re and other existing investors

The digital insurance company had raised around $36 million last year from Binny Bansal and Ascent Capital

9Unicorns makes first close of Rs 100 cr for its new fund for start-ups

The fund intends to offer $100,000 for 5-7% equity per start-up

LEAD School raises Rs 210 cr for transforming schools in small towns

Series C funding round led by Westbridge Capital with participation from existing investor Elevar Equity

Weaker fintechs face crisis to mature as Covid-19 casts shadow over funding

Signs of stress among even relatively well established fintechs are starting to emerge, say analysts

Ed-Tech firm uFony raises funds from Chennai Angels for School Diary

School Diary is a user-friendly platform that caters to K12 schools, helping them engage students and conduct classes virtually without compromising on privacy

VC fund HealthQuad gets Rs 514 crore from investors for second fund

HealthQuad has positioned itself as an Indian healthcare transformation fund, says company

Co-living start-up Zolostays raises $56 mn in latest funding round

The start-up will deploy the new funds to invest in technology, locking in more inventory and strengthening AI-driven operating platforms

Online used car seller Vroom raises $467.5 million in upsized US IPO

Vroom priced its IPO at $22, above the initially marketed range of $18 to $20

HealthPlix raises $6 million through Series-B funding led by JSW Ventures

"Today, HealthPlix assists in more than 50,000 consultations on a daily basis across 12 medical specialties and in more than 180 cities across India, the statement said

Yolobus raises $3.3 mn in Series A funding; to focus on hygiene, safety

The investment brings Yolobus' total funding since launching its smart intercity bus services in India to $4.1 million

Bharti Airtel promoter raises Rs 8,433 cr by offloading 2.75% stake

According to BSE data, Societe Generale picked up 35.3 million shares at Rs 561.1 apiece

Oyo's revenue surges 4 times to $951 million in FY19, but loss widens too

The SoftBank-backed firm has been reported to have been in the process of laying off close to 2,000 employees as it shifts focus towards profitability

App-based consumer credit provider MoneyTap aims at Rs 5,000 cr loan book

Firm has raised Rs 500 cr in equity and debt. It was launched in Sept 2016 as India's first app-based consumer credit line three serial entrepreneurs

Personal care startup Mamaearth raises Rs 130 cr led by Sequoia

The funds will also be used to launch more brands under the Honasa Consumer Pvt Ltd

NIT Trichy alumni commit $3 mn for alma mater's research work, scholarships

The effort is to create several PhD scholars from the institute, in areas like Artificial Intelligence, Machine Learning and Internet of Things

Only 18% fresh capital raised in IPOs used to fund company's needs

Companies looked to give shareholders an exit rather than fund their business needs

IBA to set up framework to address consortium, multiple lending issues

And to address these issues, there are two things which are happening, one is at the IBA level and another by RBI to develop secondary market for loan to corporates.

Dr Agarwal's Group of Eye Hospitals raises Rs 215 crore from CDC Group

The 63-year-old Chennai-based chain currently has around 90 hospitals, including 14 in Africa