Page 30 - Fundraising

South Indian Bank to raise Rs 240 cr from life and general insurers

Lender plans to raise another Rs 510 crore to supports its Vision 2024

Web Werks raises $150 mn from Iron Mountain to fuel India expansion

Iron Mountain will be majority stakeholder in the venture, deal will allow Web Werks to speed up expansion across Indian cities and build capacity

Goal-setting co Ally.io raises $50 mn from Greenoaks, Tiger Global, others

At a time when the pandemic has accelerated the adoption of technology among enterprises, Ally.io grew revenues by 3.3x.

India's biggest fundraising event helps NGOs raise crores in funds

The event brings together hundreds of NGOs and their donors competing for rewards and recognition

Alphabet's VC arm backs OnePlus co-Founder Carl Pe's 'Nothing' Company

The funding would help 'Nothing' release its first smart devices in the next few months

Unicorn VerSe Innovation raises another $100 mn from global investors

The DailyHunt and Josh parent is now valued at $1.1 billion

Meat brand TenderCuts raises $15 mn from Paragon Partners, Nabard VC

TenderCuts claims it is the only branded company to offer fresh meat to consumers either at the store or at the doorstep, within two hours of the first cut

Edelweiss Wealth Management to raise Rs 1,000 cr for equity-focused AIF

Edelweiss Wealth Management is targeting to raise Rs 1,000 crore from domestic investors for its maiden equity-focused alternate investment fund (AIF)

Gaming startup MPL set to become next unicorn after $95 mn fundraise

The coronavirus pandemic-induced lockdown in 2020 has provided a fillip to an already-booming esports industry in India and the world.

PFC raises $500 million in India's longest-tenure issue of USD bonds

Fixed coupon of 3.35%, maturing May 16, 2031

Adani Ports raises $500 mn via dollar bonds from marquee investors

This was the second issuance for APSEZ, third for the port vertical company of Adani Group this financial year with total issuance amounting to over $1.5 billion

Agritech start-up Ergos receives Rs 22.5 crore from UK's CDC Group

Agritech start-up Ergos on Wednesday said it has received Rs 22.5 crore (USD 3 million) from the UK's CDC Group as the closure to its Series-A round, which constituted Rs 81 crore (USD 11 million).

Private equity firm Stakeboat Capital floats fund for raising Rs 1,000 cr

Fund-II will remain focused on investing in growth equity in SMEs in the form of control and buyout transactions, the Bengaluru-based company said in a statement

SJVN board approves plan to raise up to Rs 2,000 cr via bonds, debentures

The funds will actually be raised from time to time with the approval of a competent authority as per the powers delegated in this regard by the company's board

HDB Financial Services plans to raise Rs 7,500 crore through NCDs

The finance company has seen business growing at a good pace over the past few years

VHP to reach out to 130 mn families for fundraising of Ram temple

The Vishwa Hindu Parishad (VHP) is planning to reach out to 13 crore families across 5.25 lakh villages in the country to collect funds for the construction of a grand Ram temple in Ayodhya

Shriram Transport Finance plans to raise funds via debt securities

Shriram Transport Finance Company on Tuesday said its board will meet next month to consider raising funds through the issuance of debt securities

In search of Covid capital, companies raised Rs 1.7 trillion in 2020

Of this, Rs 1.44 trillion was raised through QIPs and rights issues

Azim Premji, SBI MF invest Rs 350 cr in Tube Investments preferential issue

The money will be used to fund TII's organic and inorganic growth, including acquisition of CG Power and Industrial Solutions and TII's proposed capex

Apollo Hospitals plans to raise Rs 1,500 crore in next two months

The pharmacy business is one the main segments that helped Apollo cushion from any big shocks due to the pandemic