Page 2 - Fund Raising

Tredence raises $175 million in funding from Advent International

Private equity firm Chicago Pacific Founders (CPF), an existing investor, will continue to be "a meaningful shareholder", said Tredence. CPF invested in Tredence in December 2020

Tiger Global-backed Battery Smart raises Rs 75 cr in funding from Stride

Company will use the financing to add more batteries to its network and expand services

Legal tech start-ups have raised $57 mn in funding since 2013: Report

Indian sector has more than 650 firms and is valued at $1.3 bn to be second biggest in the world

Jungle Ventures-backed BetterPlace raises $40 mn in series C funding

The firm is a SaaS platform for frontline workforce management, with a user base of 1,100 large enterprises

State Bank's board to take call on raising capital via tier I bonds

State Bank of India (SBI) said its board will meet on December 14 to decide on raising capital through Tier I bonds. As per a regulatory filing, SBI said it will seek "approval for raising of Additional Tier 1 (AT 1) capital by way of issuance of Basel III compliant debt instruments in INR and / or any other convertible currency through a public offer or private placement to Indian and / or overseas investors up to March 31, 2024." The fundraise would help the bank grow its loan book. Earlier this week, SBI announced that its personal banking advances, excluding high value home loans, have crossed the Rs 5 lakh crore-mark. The country's largest lender took a year to book the last Rs 1 lakh crore of advances, as against over 15 months for the previous Rs 1 lakh crore and over 30 months for the Rs 1 lakh crore before that. SBI has 22,309 branches, over 65,000 automated teller machines and 66,757 business correspondent outlets, which drive its entire retail banking franchise. Earlie

Walmart's payments startup PhonePe seeks to raise $1 billion: Report

The company is in talks with SoftBank Group Corp.'s Vision Fund, an investor in PhonePe's parent entity Flipkart, although Walmart will remain top investor, the people said

Uniqus Consultech raises $12.5 mn, eyes $100 mn revenues in next 5 years

The company plans to invest the funds raised in technology and scaling up business across India, US and Middle East

Indian startups see huge 35% drop in funding, edtech among worst performers

As the funding winter deepens amid growing layoffs, India saw a massive 35 per cent drop in funding this year, from $37.2 billion in 2021 to $24.7 billion (till November in 2022)

Vodafone Idea's fundraising put on hold as govt delays equity call

The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion including hefty dues to the government

HealthKart raises $135 million in funding from Temasek, A91 Partners

Company will use money to promote brands, increase offline distribution, and expand internationally

Foodtech platform HealthKart raises $135 mn from Temasek, A91 Partners

Foodtech platform HealthKart on Monday said it has raised $135 million in a funding round led by Temasek, with participation from A91 Partners and Kae Capital

RBI conditional approval to Carlyle, Advent's stake buy in YES Bank

The fund-raising would be conducted through a combination of $640 million (Rs 5,100 crore) in equity shares and $475 million (Rs 3,800 crore) through equity share warrants, YES Bank had said

Adani Enterprises outlier as equity raising by India Inc declines

The listed non-financial companies raised fresh equity capital worth Rs 1.6 trillion in FY22 down 57 per cent from FY21

Bengaluru-based tech firms raised record $7.5 bn in 2022, says report

Bengaluru-based tech companies raised record levels in the first three quarters of this year with $7.5 billion in VC funding -- up from $5.2 billion in 2021, a report showed on Wednesday

Adani Enterprises falls 3% as board to mull fund-raise on November 25

According to a Bloomberg report, the share sale for the fund raise could raise as much as $2.4 billion for the company

ProcMart raises $10 mn in funding round led by Sixth Sense Ventures

B2B e-commerce firm ProcMart on Monday said it has raised USD 10 million, about Rs 82 crore in a funding round led by Sixth Sense Ventures. The latest Series A funding round will be deployed towards international expansion, strengthening vendor partnerships and upgrading technological and warehousing capabilities, the company said in a statement. Noida-based ProcMart plans to achieve Rs 1,000 crore revenue in next three years and is planning to expand in Vietnam, Australia and Dubai in the coming months. "This financing will be crucial to increasing our geographic reach, forming effective vendor alliances, and improving our technological and warehousing capabilities. "Sixth Sense has a strong track record of partnering with Business-to-business (B2B) enablers and helping them scale leveraging their ecosystem connect. We are excited to have them partner with us as we embark upon the next leg of growth," ProcMart Founder and CEO, Anish Popli said. Founded in 2015, ProcMart is an ..

Blackstone-backed Nexus files for $500 mn IPO in 1st retail REIT offer

Global investment firm Blackstone-sponsored Nexus Select Trust filed the draft paper with market regulator SEBI on Thursday to launch India's first public issue of retail REIT to raise around USD 500 million, sources said. Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering about 10 million square feet area valued around USD 3 billion. As per the sources, Nexus Select Trust has filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) and is looking to hit the capital market with India's first retail REIT (Real Estate Investment Trust) public issue in the first half of 2023 calendar year. The size of the initial public offer (IPO) of Nexus Select Trust REIT will be around USD 500 million, they added. This will be the third REIT sponsored by the Blackstone. It had earlier launched India's first REIT -- Embassy Office Parks REIT-- and then Mindspace Business Parks REIT. The REIT, a popular ..

Fifth year of zero SME rights issues likely after Rs 100 cr mop up in 2014

Year 2017 first with nil funds raised; experts say easier routes of raising capital such as QIP driving down popularity of rights

Healthtech start-up BeatO raises $33 mn in Series B from Lightrock

Firm provides affordable diabetes care with a focus on people who don't have access to specialists

Simplilearn raises $45mn in new funding round led by GSV Ventures

Start-up added more than more than 120,000 paid learners in the past year