Page 4 - Fund Raising

Ambuja Cements hits new high, up 10% on Adani's Rs 20,000-cr funding plan

The company's new board approved an infusion of Rs 20,000 crore by way of preferential allotment of 477 million convertible warrants at a price of Rs 419 to Harmonia Trade and Investment

Ujjivan Small Finance Bank closes QIP issue; raises Rs 475 crore

Ujjivan Small Finance Bank on Thursday closed the qualified institutional placement through which it raised Rs 475 crore by issuing over 22.6 crore shares. The Small Finance Bank (SFB) issued a total of 22,61,90,476 equity shares at an issue price of Rs 21 per piece. The Qualified Institutions Placement (QIP) issue had opened on September 12. The meeting of the Merger and Placement Committee of the board of directors approved the closure of the issue period for the issue on September 15, it said in a regulatory filing. Shares of Ujjivan SFB settled 0.59 per cent down at Rs 25.25 apiece on the BSE.

How a startup in Pakistan folded just a year after raising $85 million

Airlift started by operating vans and small buses used by office workers and students. When that business slowed during the pandemic, the company pivoted to quick commerce

Peer Robotics raises $2.3 million in seed funding from Kalaari Capital

The company's robots learn from humans in real-time, allowing people on the shop floor to easily integrate and deploy solutions, stated Peer Robotics

HDFC Bank raises Rs 3,000 crore from bonds to fund business growth

Private sector lender HDFC Bank on Thursday said it has mobilised Rs 3,000 crore from bonds to fund business growth. The bank issued and allotted bonds to investors on a private placement basis on Thursday, HDFC Bank said in a regulatory filing. These unsecured, subordinated, fully paid-up, non-convertible, Basel III compliant perpetual debt would carry a coupon rate of 7.84 per cent, it added.

Construction management start-up Powerplay raises $7.14 mn in funding

The company will use the funds to expand its business in India and abroad. Powerplay said the value of construction managed on its platform from January to June 2022 is worth Rs 7,500 crore

Online pharmacy platform Tata 1mg turns unicorn after raising $40 mn

Funding round was led by Tata Digital; Tata 1mg has become 105th unicorn in India

Reliance Power, subsidiary to raise up to Rs 1,200 cr from Varde Partners

Debt will be used for settlement and discharge, acquisition and restructuring of financial instruments, says company

GMR Infra to raise Rs 6,000 crore for cities around three airports

Group power company to raise Rs 3,000 cr separately

Olectra Greentech plans to raise Rs 800 crore via issuance of securities

Electric mobility firm Olectra Greentech on Thursday said its board has approved a plan to raise up to Rs 800 crore through issuance of securities. The company is looking to raise the amount through issuance of equity shares and /or through sale of securities convertible into equity shares. These could include issuance of warrants through one or more private offerings, it said in a statement. However, Olectra Greentech did not specify the purpose for raising the funds. Established in 2000, the company is part of the Hyderabad-based Megha Engineering and Infrastructures Limited. Driven by higher revenue, the company saw its net profit rise to Rs 18.8 crore in the June quarter.

HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group

HealthAssure is targeting the massive $ 40 billion OPD and Insurance market in India by 'productizing' the largest HMO ecosystem of primary care

Gig work platform Awign raises $15 mn in funding round for expansion

Start-up assists enterprises in hiring high-skill talent on contract and manage such employees

Alteria Capital in talks to raise up to Rs 3,500 cr for third fund

Alteria, counted among the top three venture debt firms in India, boasts of Rs 2,800 cr in AUM and a portfolio that includes at least eight startups valued at $1 bn or above

SaaS company CleverTap Raises $105 mn in funding round led by CDPQ

It runs a cloud service that helps digital brands to increase customer retention

SaaS start-up SquadStack raises Rs 140 cr in Series B funding for expansion

The SaaS-enabled talent marketplace will use the Series B round fund to strengthen its team, increase its sales experts base and expand into new verticals

Engineering company Fabrication Bazar raises Rs 7 cr in seed round

Fabrication Bazar, which was founded in 2016 by Dwaipayan Dutta and Mohit Garg, has developed a cloud fabrication and tracking platform for manufacturing

PriceLabs raises $30 mn from Summit Partners, plans to accelerate hiring

PriceLabs was founded in 2014 to bring Artificial intelligence (AI) and analytical tools to owners and managers of vacation homes and short-term rentals

Kesoram Industries to raise high-cost funds via FDs; to offer 12.25% rate

To offer 12.25% rate; plans to use proceeds for working capital, pare debt

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

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

Home-builder BuildNext raises $3.5 mn in funding round led by Pidilite

BuildNext, a Kochi based tech-enabled home builder has raised 3.5 million dollars in a 'pre-series A' funding led by Pidilite Industries'. BuildNext has also secured funding from existing investors Konglo Ventures and FatEngine among others. The company, in a release said, it aims to use the capital from the latest round of funding to further expand its R&D capabilities and upgrade its Virtual Reality technology experience centres. It also plans to expand into new markets Bengaluru, Chennai and Coimbatore while strengthening its foothold in its existing ones. "We are excited to have Pidilite as one of our key investors. Our aim is to use our custom technology platform to drive transparency and overcome inefficiencies in the entire process of constructing and designing a house. We have made significant progress in research about designing and building better homes," Gopi Krishnan, Co-founder and CEO,of BuildNext said. Krishnan said the company has developed objective parameters to