Page 11 - Fundings

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

Bharat Value Fund Series 3 secures Rs 1,250 cr, eyes Rs 2,500 crore target

Managed under the India Inflection Opportunity Trust, BVF Series 3 targets a total corpus of Rs 2,500 crore, including a Rs 1,000 crore green-shoe option

Quick-service app Snabbit raises $5.5 million led by Elevation Capital

Snabbit aims to simplify urban living by connecting households with trusted and trained professionals for everyday home tasks

At $1.9 billion, Fintech funding declines for third year in a row

The sector raised a high of $8.3 billion in 2021 across 665 funding rounds

New Shop looks to raise $25 million to accelerate store expansion

New Shop recently agreed to acquire 24Seven stores as part of an asset transfer deal

EMO Energy raises $6.2 million in Series A led by Subhkam Ventures

The company will utilise the raised funds to scale its two-wheeler energy solution to over 1 lakh vehicles over the next two years while advancing the deployment of 1 GWh of energy storage

CoinSwitch moves to acquire WazirX users offering Rs 600 cr in recovery aid

At present, CoinSwitch has a base of over 20 million users. The programme aims to target about 4 million users of the WazirX platform

Accel's $650 mn India fund to focus on AI, fintech startups, manufacturing

One of the opportunities identified by Accel under the consumer theme is 'Bharat', where startups cater to the top 30 per cent of households in India's Tier-2+ regions

UP govt plans Rs 4,000 cr corpus to boost startups, innovation ecosystem

The proposed corpus will be facilitated by the state government and the investment managers under the aegis of the UP Innovation Fund (UPIF)

Venture capital firm Accel secures $650 million for eighth India fund

Accel earned a 35x gain on its investment in Swiggy's initial public offering (IPO), marking one of the biggest gains for the Silicon Valley fund