Page 19 - Fundraising
Mahindra & Mahindra Financial Services raises Rs 275 crore by issuing bonds
Mahindra & Mahindra Financial Services on Monday said it has raised Rs 275 crore by issuing bonds on a private placement basis. A meeting of the committee of directors was held on October 31, 2022 and it approved the allotment of 2,750 secured redeemable principal protected non-convertible market linked debentures, the company said in a regulatory filing. The face value of the bond is Rs 10 lakh each, aggregating to Rs 275 crore. Mahindra Finance stock was trading at Rs 202.25, down 1.68 per cent on the BSE.
 "Mahindra & Mahindra Financial Services raises Rs 275 crore by issuing bonds")
Indus Towers to raise Rs 2,000 crore via NCDs after weak Q2 result
The fund raise was approved by the company's board of directors following the second quarter FY 2023 result which saw 44 per cent year on year drop in net profit to Rs 872 crore.
 "Indus Towers to raise Rs 2,000 crore via NCDs after weak Q2 result")
Software delivery firm Devtron raises $12 mn funding from Insight Partners
Start-up will use financing to expand team, promote its platform and expand business
 "Software delivery firm Devtron raises $12 mn funding from Insight Partners")
Top Headlines: RBI's liquidity infusion; Google fined Rs 936 crore by CCI
Walmart Inc-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals
 "Top Headlines: RBI's liquidity infusion; Google fined Rs 936 crore by CCI")
Made-in-India VCs continue to grow in numbers despite economic headwinds
145 new companies were set up in India in the past two years - 123 in 2021 and 22 in 2022: Tracxn data
 "Made-in-India VCs continue to grow in numbers despite economic headwinds")
Vodafone Idea gets board of directors' nod to raise Rs 1,600 cr from ATC
Board approves issue of debentures
 "Vodafone Idea gets board of directors' nod to raise Rs 1,600 cr from ATC")
PhonePe in talks to raise $700 million at $12 billion valuation
Digital payments firm seeking investors' support to scale up operations and compete with rivals
 "PhonePe in talks to raise $700 million at $12 billion valuation")
Rights issue: Lull after 3 stormy years, mop-up Rs 2,867 crore in CY22
Mop-up Rs 2,867 cr in CY22, as against Rs 25,335 cr in same period last yr
Ambuja Cements allots 477-million warrants to Adani family firm
Ambuja Cement, now a part of Adani Cement, has issued the warrants at a price band of Rs 418.87
 "Ambuja Cements allots 477-million warrants to Adani family firm")
Shardeum raises $18 mn in seed round from a clutch of 60 investors
WazirX founder Nischal Shetty, also co-founder Shardeum, says crypto world needs to work with regulatory bodies
 "Shardeum raises $18 mn in seed round from a clutch of 60 investors")
Byju's raises $250 mn from existing investors, valuation remains at $22 bn
Regardless of the adverse macroeconomic conditions, Byju's founder Byju Raveendran said 2022-23 is set to be the best year in terms of revenue, growth and profitability
 "Byju's raises $250 mn from existing investors, valuation remains at $22 bn")
India Inc's fundraising from overseas sinks to 76-qtr low in Q2: Data
Fund raise drops by 93.3% year-on-year to $210 mn in the quarter
Fireside Ventures announces final close of third fund at $225 million
Fireside is betting big on market for D2C brands in India which is set to touch $100 billion by 2025
 "Fireside Ventures announces final close of third fund at $225 million")
EV solutions start-up Vecmocon raises $5.2 mn for business expansion
Company assists OEMs and others with the latest technology and components
Health-tech start-up Good Health Company raises $10 mn in funding
Hyderabad-based company will use financing to introduce more product categories and expand team
Oddr raises $2 mn in seed round from Saama Capital and Twin Ventures
Oddr, which is based in Silicon Valley and India, is planning to launch its services in North America, the UK and Australian market along with setting up an R&D centre in India
Flickstree raises $5 mn in pre-series B round led by Venture Catalysts
Flickstree is a content and marketing tech start-up that uses AI to create free branded video content; its data engine promote these videos, which keep churning transactions in auto-pilot mode
 "Flickstree raises $5 mn in pre-series B round led by Venture Catalysts")
Muthoot Finance to raise Rs 300 cr via secured NCDs, issue size at Rs 75 cr
Proposed NCDs have AA+ rating from ICRA denoting 'high degree of safety'
 "Muthoot Finance to raise Rs 300 cr via secured NCDs, issue size at Rs 75 cr")
Start-up LeverageEdu gets RBI approval for financial services unit
Company raised $22 million in funding in March earlier this year at a valuation of $120 million
 "Start-up LeverageEdu gets RBI approval for financial services unit")
Automation Anywhere raises $200 mn from Silicon Valley Bank, others
The firm's cloud customers have run an estimated 50 million automations in 2022, with leading firms deploying thousands of bots across their organisations
 "Automation Anywhere raises $200 mn from Silicon Valley Bank, others")