Page 23 - Funding

Weaker fintechs face crisis to mature as Covid-19 casts shadow over funding

Signs of stress among even relatively well established fintechs are starting to emerge, say analysts

Ed-Tech firm uFony raises funds from Chennai Angels for School Diary

School Diary is a user-friendly platform that caters to K12 schools, helping them engage students and conduct classes virtually without compromising on privacy

VC fund HealthQuad gets Rs 514 crore from investors for second fund

HealthQuad has positioned itself as an Indian healthcare transformation fund, says company

Co-living start-up Zolostays raises $56 mn in latest funding round

The start-up will deploy the new funds to invest in technology, locking in more inventory and strengthening AI-driven operating platforms

Online used car seller Vroom raises $467.5 million in upsized US IPO

Vroom priced its IPO at $22, above the initially marketed range of $18 to $20

HealthPlix raises $6 million through Series-B funding led by JSW Ventures

"Today, HealthPlix assists in more than 50,000 consultations on a daily basis across 12 medical specialties and in more than 180 cities across India, the statement said

Yolobus raises $3.3 mn in Series A funding; to focus on hygiene, safety

The investment brings Yolobus' total funding since launching its smart intercity bus services in India to $4.1 million

Bharti Airtel promoter raises Rs 8,433 cr by offloading 2.75% stake

According to BSE data, Societe Generale picked up 35.3 million shares at Rs 561.1 apiece

Oyo's revenue surges 4 times to $951 million in FY19, but loss widens too

The SoftBank-backed firm has been reported to have been in the process of laying off close to 2,000 employees as it shifts focus towards profitability

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

Personal care startup Mamaearth raises Rs 130 cr led by Sequoia

The funds will also be used to launch more brands under the Honasa Consumer Pvt Ltd

NIT Trichy alumni commit $3 mn for alma mater's research work, scholarships

The effort is to create several PhD scholars from the institute, in areas like Artificial Intelligence, Machine Learning and Internet of Things

Only 18% fresh capital raised in IPOs used to fund company's needs

Companies looked to give shareholders an exit rather than fund their business needs

IBA to set up framework to address consortium, multiple lending issues

And to address these issues, there are two things which are happening, one is at the IBA level and another by RBI to develop secondary market for loan to corporates.

Dr Agarwal's Group of Eye Hospitals raises Rs 215 crore from CDC Group

The 63-year-old Chennai-based chain currently has around 90 hospitals, including 14 in Africa

Avaada Energy gets $15 mn funding from French finance institution Proparco

In April, Avaada received a total investment of over Rs 1,000 crore from Asian Development Bank, DEG, Dutch finance development company FMO and company's promoter

Furniture firm CasaOne raises Rs 114 cr in series B funding led by Accel

CasaOne, a furniture rental company, on Friday said it has raised USD 16 million (about Rs 114 crore) in funding led by Accel. The series B round also saw participation from existing investors JLL Spark, Freestyle Capital, NextWorld Capital and Array Ventures, a statement said. New investors include Quiet Capital, HNI and WeWork and a few prominent angel investors including Lydia Jett from Softbank's Vision Fund, it added. "This round of financing will help CasaOne expand to new geographies, further invest in hiring technology and engineering talent and expand into adjacent product categories," it said. CasaOne launched its furniture rental solution in 2017. With increased demand from businesses, BureauOne was launched in May 2019 to cater to fast-growing companies, mid-market firms and enterprises to convert their FF&E (furniture, fixtures and equipment) into a utility. CasaOne operates out of six markets - Chicago, New York, Los Angeles, Seattle, the San Francisco Bay Area and .

SBI raises Rs 3,814 crore from perpetual bonds to fund business growth

Under the Basel-III norms, AT-1 bonds come with loss absorbency features, meaning that in case of stress, banks can write off such investments

Non-alcoholic beverage maker Svami raises Rs 7.5 cr from Rukam, others

The startup will use the funds to penetrate deeper into existing geographies and grow into newer cities of India, besides expanding the current product line

Blackstone invests Rs 1,750 cr in Kishore Biyani's Future Lifestyle Fashion

With this transaction, Blackstone will be the only financial partner in Ryka