Page 10 - Fundings

Entvin AI raises Rs 5 crore in first funding round from Y Combinator

With this funding, Entvin plans to expand its artificial intelligence capabilities and accelerate customer acquisition

India's VC funding surges 40% in early 2025, defying global slowdown

Deal volume also increased 11 per cent during the same period, underscoring growing investor confidence in the country's innovation-driven startup ecosystem

AMPIN Energy Transition secures $50 mn fund from Siemens Financial Services

Homegrown AMPIN Energy Transition (AMPIN) on Wednesday said it has secured USD 50 million (over Rs 428 crore) funding from Siemens AG's financing arm Siemens Financial Services. The funds will fuel the company's growth in both Commercial & Industrial (C&I), utility-scale renewable energy projects as well as its energy transition value chain business, AMPIN said in a statement. This marks AMPIN's third major investment transaction this financial year, bringing the total equity capital raised to USD 270 million this year. "This equity investment from Siemens reaffirms AMPIN's unique business model powering energy transition. It is now the only energy transition company in India to attract leading investors from Europe, North America and Asia," Pinaki Bhattacharyya, Founder, MD, and CEO of AMPIN Energy Transition, said. Headquartered in New Delhi, AMPIN Energy Transition is India's leading renewable energy transition company with a total portfolio of 5 GW spread across 22 states .

Lab-grown diamond jewellery brand Firefly raises $3 mn in funding

Seed funding rounding for business expansion was led by WestBridge Capital

Pilgrim secures Rs 200 crore funding at Rs 3,000 crore pre-money valuation

The beauty brand will use the funding to help the online brand deepen its offline presence and enhance research and development capabilities

Nivara Home Finance raises Rs 245 cr in Series B round led by True North

True North Fund VII will invest Rs 170 crore, while Baring PE India and the promoters, Sunil Rohokale and Monik Koticha, will contribute Rs 50 crore and Rs 25 crore, respectively

State Bank of India shelves $1.7 billion fund raising as yields elevated

The bank had planned to raise as much as Rs 15,000 crore (about $1.7 billion) through sale of bonds before the end of March, but will now tap the market in the next financial year

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