Also, the bank will seek shareholders' approval for amendments to the Employees Stock Option Scheme (YBL Employee Stock Option Scheme 2020).
Also, the company has initiated plans to move its registered holding entity from Singapore to India, underlining its 'made in India' credentials.
The 2016-founded company will use the funds to focus on merchant growth, product enhancements and scaling of its distribution network, it said.
The valuation of the edtech startup has doubled to USD 407 million (about Rs 3,155 crore), post the fresh fundraising, the company said.
Sources say that the proceeds of the sale will be utilized to bid for the upcoming 5G spectrum auction and roll-out of services by end of the year.
L Catterton has significant experience investing globally in the beauty and personal care space
The edtech major has raised about $4.5 billion since it was founded 10 years ago
Dr Agarwal's Group of Eye Hospitals has added more than 60 units to its network in the past five years alone
According to a recent survey by Iron Pillar Funds, India is set to have 250 unicorns by 2025
The firm, which was launched 9 months back by two 19-year-old Stanford dropouts, has raised $200 million Series D fundraise, valuing the quick commerce company at around $900 million
The latest funding round has valued Turtlemint at more than $900 million.
The company plans to utilise the funds to accelerate growth in the untapped domestic market and expand its coverage across the country
IRB Infrastructure Developers in a statement said that post fundraise, IRB and GIC affiliates will continue to hold 51 per cent and 49 per cent, respectively, in the InvIT
Investors, including Mubadala, to get 10.53% stake
Udaan co-founder Sujeet Kumar also participated in the round; funding amount not revealed
Funds can be raised via NCDs on one or more tranches as private placement
Physis Capital will build a portfolio of 15-20 startups with an average ticket size of $2.5 million.
An online platform for trading officially-licensed digital cricket collectibles, is raising about $100 million in a new funding round with backers including Cristiano Ronaldo
Aims to scale business to Rs 2,000 crore in revenue over the next 4 years
Valuation not disclosed, though one report put the figure at $5 bn