Corporate Fundraising

pi Ventures raises $8 mn for 2nd fund from British International Investment

The second fund was launched in March 2021 with a base target corpus of $75 million and including a green shoe target of $100 million

Gujarat and Rajasthan are Corporate India's investment lodestone

Gujarat tops with Rs 4 tn in fresh investments, Rajasthan is second with Rs 2.37 tn investments in FY22

Vedanta Resources' near-term liquidity risk as it seeks funds: S&P

Anil Agarwal-controlled unit looks to raise $700 mn from Indian lenders

Ola Electric raises $100-million long-term debt to build mega factory

The Ola Futurefactory is coming up on a 500-acre site in Tamil Nadu. At full capacity of 10 million vehicles annually, it will be the world's largest two-wheeler factory

UK-based Tide raises $100 mn funding from Apax Digital Fund, others

UK-based digital business financial platform Tide on Monday said it has raised over USD 100 million (about Rs 745 crore) in funding

3one4 Capital leads early-stage round in healthtech firm Breathe Well-being

The enterprise, which helps people prevent and manage Type-2 Diabetes has raised $1 million

Corporate card provider Kodo raises $8.75 mn seed from slew of investors

Card spends on Kodo have grown 45 per cent month-on-month for the past 12 months, the company claims

IvyCap leads $6 million funding round in mobility platform Get My Parking

Existing investor IAN Fund also participates. With this Series-A round, startup has raised $10.5 million in all so far

Elevation Capital leads seed round in women's activewear brand BlissClub

India is the world's fastest growing activewear market with women's segment contributing to most of the growth

ANSR raises $15 mn from Sistema Asia Fund and Evolvence in Series B round

ANSR had earlier raised Series 'A' from Accel Partners, who will remain invested as the firm's largest shareholder

Qube Health raises undisclosed sum in Inflection Point-led pre-series A

Other investors in this round are Mohit Burman (Dabur Group), Keiretsu Forum (NCR, Bengaluru & Chennai Chapters) and a group of other marquee Indian and International HNIs

Meesho becomes unicorn after SoftBank-led $300-million fundraise

Social commerce opportunity in India is pegged at $16-20 billion by 2025

SME-focused startup Flobiz raises $10 million from Elevation, others

Flobiz said it has raised $10 million (about Rs 72.5 crore) in a series-A round from Elevation Capital and existing investors Greenoaks Capital and Beenext

Aqua Security raises $135 mn to hit $1 bn-valuation, to focus on India R&D

With about 50 employees in the country, India is Aqua's strategic centre and it is going to double its investment here in 2021

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

Adani Ports raises $750 mn via issue of fixed rate senior unsecured notes

Adani Ports and Special Economic Zone (APSEZ) on Tuesday said it has raised $750 million (about Rs 5,600 crore) by issuing fixed rate senior unsecured notes.

Sharechat in talks with Sequoia Capital to raise around Rs 1,500 cr

Indian social media app Sharechat is in talks with US-based venture capital firm Sequoia Capital to raise around Rs 1,500 crore, according to a source.

App-based consumer credit provider MoneyTap aims at Rs 5,000 cr loan book

Firm has raised Rs 500 cr in equity and debt. It was launched in Sept 2016 as India's first app-based consumer credit line three serial entrepreneurs

Curbs on CICs could limit fundraising abilities of big corporate groups

The proposed curbs on core investment companies will make it tough for large corporate groups to funnel capital as they did in the past

Freshworks valuation hits $3.5 bn after $150-mn Series-H fundraising

The financing, subject to customary closing conditions, including US antitrust regulatory clearance, is expected to close by year-end