Page 32 - Fundraising
Razorpay raises $100 million from GIC, Sequoia Capital India and others
Payments solution provider Razorpay said it has raised $100 million (about Rs 731 crore) in a funding round co-led by Singapore's sovereign wealth fund GIC and Sequoia Capital India.
 "Razorpay raises $100 million from GIC, Sequoia Capital India and others")
Chargebee, start-up that helps companies in billing, raises $55 mn
Insight Partners led the financing round, with existing investors Steadview Capital and Tiger Global joining in. The nine-year-old start-up has raised $105 million to date
 "Chargebee, start-up that helps companies in billing, raises $55 mn")
Lightspeed, Accel lead $18.5 mn seed round in fintech start-up Uni
Founded by Nitin Gupta, former CEO of PayU India and Ola Financial Services, Uni aims to bridge the gap for credit cards and make them become more accessible for consumers across different regions.
 "Lightspeed, Accel lead $18.5 mn seed round in fintech start-up Uni")
Public App raises $35 mn from Lee Fixel's Addition, SIG Global and Tanglin
Investment also marks the return of Lee Fixel for backing Indian startups. He has gained a reputation as a top tech investor and is helping Tiger Global back firms such as Facebook, Spotify and Uber
 "Public App raises $35 mn from Lee Fixel's Addition, SIG Global and Tanglin")
Sebi eases norms for REITs, InvITs to raise fund in institutional placement
The units allotted on a preferential basis using the pricing method set out by the regulator shall be locked-in for a period of three years, as per the circulars.
 "Sebi eases norms for REITs, InvITs to raise fund in institutional placement")
PGCIL gets shareholders' nod to raise up to Rs 10,000 cr via bonds in FY22
The company had proposed a special resolution in the AGM to raise up to Rs 10,000 crore from domestic market in financial year 2021-22
 "PGCIL gets shareholders' nod to raise up to Rs 10,000 cr via bonds in FY22")
ACKO raises $60 million from Munich Re and other existing investors
The digital insurance company had raised around $36 million last year from Binny Bansal and Ascent Capital
 "ACKO raises $60 million from Munich Re and other existing investors")
Shapoorji Pallonji group may sell S&W stake as Tatas nix Brookfield plan
Group may seek debt moratorium at real estate project level or even sell land parcels across India, say analysts
 "Shapoorji Pallonji group may sell S&W stake as Tatas nix Brookfield plan")
SBI board approves proposal to raise Rs 8,931 crore via Basel III bonds
The bonds in the nature of debentures qualifying as tier 2 capital of the bank have face value of Rs 10 lakh
 "SBI board approves proposal to raise Rs 8,931 crore via Basel III bonds")
Robust foreign inflows, fundraising by banks help rupee fight August curse
ICICI Bank Ltd., Axis Bank Ltd. and mortgage lender HDFC Ltd. have raised a combined Rs 350 billion ($4.7 billion) this month
 "Robust foreign inflows, fundraising by banks help rupee fight August curse")
NLC India says it has raised Rs 1,000 crore by issuing commercial paper
NLC India on Friday said it has raised Rs 1,000 crore by issuing commercial paper.
 "NLC India says it has raised Rs 1,000 crore by issuing commercial paper")
Turbostart announces Rs 50-crore Series-II funding round for startups
Business accelerator firm Turbostart on Thursday announced a second series of funding round, 'Cohort II', with a Rs 50-crore corpus for start-ups.
 "Turbostart announces Rs 50-crore Series-II funding round for startups")
Phoenix Mills to raise Rs 1,200 cr via qualified institutional placement
The company's board has already taken an enabling resolution from shareholders to raise as much as Rs 1,200 crore
Fitness startup Fitternity looking to raise $12-15 million by January
Fitness startup Fitternity, which claims to be the largest platform for wellness equipment and services in the country, is planning to raise $12-15 million (around Rs 90-112 crore) from overseas inves
UCO Bank approves raising Rs 3,000 cr in FY21, awaits shareholders nod
In a regulatory filing, the bank said that it will now seek shareholders' approval in its annual general meeting on August 7
 "UCO Bank approves raising Rs 3,000 cr in FY21, awaits shareholders nod")
City Union Bank board approves raising Rs 1,100 cr through equity, debt
The lender will seek shareholders' approval for the fundraise plan at its upcoming AGM next month
 "City Union Bank board approves raising Rs 1,100 cr through equity, debt")
Adani Ports fund-raising plan of $1.25 bn draws negative rating outlook
Agencies see strong fundamentals for Adani despite lowered ratings outlook
 "Adani Ports fund-raising plan of $1.25 bn draws negative rating outlook")
YES Bank shares jump 5% as Rs 15,000 crore FPO to open on July 15
Moreover, SBI's board has given approval for a maximum investment of up to Rs 1,760 crore in YES Bank's FPO
 "YES Bank shares jump 5% as Rs 15,000 crore FPO to open on July 15")
YES Bank FPO to open on July 15, raise up to Rs 15,000 crore
Earlier this week, YES Bank had received approval from the capital-raising committee (CRC) of its board of directors to raise funds through the offering
 "YES Bank FPO to open on July 15, raise up to Rs 15,000 crore")
Closed-end AIFs extend fundraising cycles as pandemic hits sentiment
Some players approach Sebi to seek-industry wide relief
 "Closed-end AIFs extend fundraising cycles as pandemic hits sentiment")