Fundings

Parliamentary committee flags underuse of health infra mission funds

The parliamentary panel, chaired by Samajwadi Party (SP) member Ram Gopal Yadav, expressed concerns over the scheme's absorption capacity and the professional efficiency of its implementing agency

Japan PM Ishiba faces criticism over gifts to lawmakers after election loss

Japanese Prime Minister Shigeru Ishiba is being criticised for distributing gift certificates to 15 first-year lawmakers in his party in a scandal shaking his already weak grip on power. Ishiba has denied breaking political funding laws and said he won't resign. But opposition lawmakers and rivals in his own party have said the gifts were excessive and showed Ishiba was out of touch, especially after the governing Liberal Democratic Party had a disastrous election loss last year due to its earlier political funding irregularities. Japanese media reported earlier this week that Ishiba's aide delivered gift certificates worth 100,000 yen ($670) to the offices of the 15 lawmakers prior to their private dinner with the prime minister. Ishiba is leading a minority government after his LDP and its junior coalition partner Komeito lost the October election in the lower house, the more powerful of Japan's two-chamber parliament. LDP remains the largest party, but its steep losses made it le

Luxury fashion firm Purple Style Labs raises $40 mn in Series-E funding

This funding will fuel the firm's expansion plans, both domestically and internationally, while strengthening its omnichannel capabilities to bolster shopping experience for Indian fashion globally

Swish secures $14 mn in Series A funding from Hara Global and Accel

This funding will support Swish's expansion across Bengaluru, with plans to extend its quick food delivery model to more pincodes in the coming month

Sorin Investments leads $7 mn Series A round funding in AI firm Beacon.li

Beacon aims to expand its AI capabilities, scale its global footprint, and further enhance enterprise automation

Bharat Value Fund invests Rs 130 cr in Veira Electronics in pre-IPO round

Contract smart TV manufacturer Veira Electronics on Tuesday said it has received Rs 130 crore in funding from Bharat Value Fund (BVF), which marks the closure of its pre-IPO placement round. The fresh funding will help in the expansion of Veira Group, which operates two facilities in Noida, Uttar Pradesh, with a production capacity of up to 3 million TVs annually. "The investment marks successful closure of its Pre-IPO placement round," it said. Bharat Value Fund CIO Madhu Lunawat said Veira's financial performance has been impressive with sales growing at a 55 per cent CAGR between FY22-24, reaching Rs 865 crore in FY24. "India's smart TV manufacturing industry, valued at USD 11.53 billion in 2023, is projected to reach USD 32.57 billion by 2030, growing at a CAGR of 17 per cent," she said. "Our investment in Veira is a step in contributing to the growth of India's growing and evolving TV market, with key players that have the potential to reshape TV manufacturing." Its TV portf

Shriram Finance plans loan, adding to record $2 billion borrowing

The non-banking financial company plans to raise the funds through a three-year loan, according to Parag Sharma, managing director and chief financial officer at Shriram Finance

ROADIS' India unit raises $316.3 mn via dollar-denominated bond issuance

ROADIS Group, a road investment platform, fully controls the Varanasi-Aurangabad highway

India's venture capital funding jumps 70% in January, outpaces China

Notable VC funding deals announced in India during the first month of the year include fundraising by building materials platform Infra

LCC Projects files draft papers with Sebi, to raise funds via IPO

Ahmedabad-based LCC Projects has filed preliminary papers with the capital markets regulator Sebi to mobilise funds through an initial public offering. The initial public offering (IPO) is a mix of fresh issue of equity shares worth Rs 320 crore and an offer-for-sale (OFS) component of up to 2.29 crore equity shares or 8.43 per cent stake by the promoters, as per the draft red herring prospectus (DRHP). Going by the draft papers filed on Friday, Arjan Suja Rabari and Laljibhai Arjanbhai Ahir will be selling up to 1.14 crore equity shares each through the OFS. The company may raise Rs 64 crore through pre-IPO placement. If the placement is completed then the size of the fresh issue will be reduced. The net proceeds from the fresh issue worth Rs 220 crore will be used by the company to repay debt, Rs 14.91 crore will be used for purchase of equipment and balance for general corporate purposes. LCC Projects is a multidisciplinary engineering, procurement and construction (EPC) compan

PE firms tap platform model to build scalable biz, boost efficiency

One of the latest examples is Carlyle combining auto component manufacturers Roop Automotives and Highways Industries to build an auto parts platform

RBI-NBFC meet: Shadow banks seek new funding as bank credit tightens

RBI governor nudges NBFCs towards Unified Lending Interface

Bank of Baroda gets board approval to raise up to Rs 8,500 crore equity

Approves extra time for AT1 and Tier-II debt capital issuance

Cognida.ai raises $15 million to transform enterprise AI adoption

Cognida says its practical approach reduces AI implementation time from eight months to just 12 weeks, making AI adoption predictable and profitable

Budget 2025: ME-Card announced for credit access to MSMEs; key features

To facilitate credit accessibility, Union Finance Minister Nirmala Sitharaman introduced a customised credit card scheme for micro enterprises registered on the Udyam portal

Reduced FY26 outlay for P2M promotion concerns industry, say experts

Incentives to promote such digital payments slashed for 2nd year straight

SuperOps secures $25 mn in Series to drive AI innovation, expand Globally

SuperOps also unveils Monica, a hyper-contextual AI super agent that empowers smarter, faster business decision-making

Global mining sector needs $1.7 trn funding to transition energy: HZL cheif

The global mining sector requires an estimated investment of USD 1.7 trillion to facilitate energy transition, Hindustan Zinc's (HZL)Chairperson Priya Agarwal Hebbar has said. "For the energy transition to happen successfully...we need $1.7 trillion in mining investment. We see an opportunity in India. India is in a sweet spot where it can thrive in this sector," she said. At the recently held World Economic Forum in Davos, Hebbar addressed the critical topics surrounding the global energy transition on multiple occasions. She spoke about the importance of critical minerals, the future of climate action strategies, embedding sustainability across the value chain, prioritising women's health and driving India's workforce revolution. She was amongst the few Indian women entrepreneurs representing Vedanta and Hindustan Zinc at the esteemed forum, where industry stalwarts, political leaders, academicians and scholars create dialogues with the mission to improve the state of the world.

VuNet Systems secures Rs 60 crore in Series B to drive global expansion

VuNet's observability solution, built using big data and machine learning, helps to monitor business journeys and improve payment experience of users

US' Stargate: Will India be able to tap into a $500 billion opportunity?

Some industry leaders highlighted that it is time for the Indian government to get its act together on building AI infrastructure in the country