Page 7 - Fundraising

Oddr raises $2 mn in seed round from Saama Capital and Twin Ventures

Oddr, which is based in Silicon Valley and India, is planning to launch its services in North America, the UK and Australian market along with setting up an R&D centre in India

Flickstree raises $5 mn in pre-series B round led by Venture Catalysts

Flickstree is a content and marketing tech start-up that uses AI to create free branded video content; its data engine promote these videos, which keep churning transactions in auto-pilot mode

Muthoot Finance to raise Rs 300 cr via secured NCDs, issue size at Rs 75 cr

Proposed NCDs have AA+ rating from ICRA denoting 'high degree of safety'

Start-up LeverageEdu gets RBI approval for financial services unit

Company raised $22 million in funding in March earlier this year at a valuation of $120 million

Automation Anywhere raises $200 mn from Silicon Valley Bank, others

The firm's cloud customers have run an estimated 50 million automations in 2022, with leading firms deploying thousands of bots across their organisations

Suzlon Energy to raise Rs 1,200 crore via rights issue of 2.4 bn shares

Suzlon Energy on Sunday said its board has approved raising Rs 1,200 crore via a rights issue of 240 crore shares. The Securities Issue Committee of the Board, at its meeting held on Sunday, approved the rights issue, the company said in a regulatory filing. The company will raise Rs 1,200 crore through issuance of 240 crore shares with face value of Rs 2 each at an issue price of Rs 5 per share. The number of outstanding equity shares will increase from 1007,30,87,083 to 1247,30,87,083 after the issue (assuming full subscription). Five rights equity shares will issued for every 21 fully paid-up equity shares held by the eligible shareholders of the company. If the shareholding of any of the eligible equity shareholder is five or more, such shareholders will be entitled to at least one one equity share, it added.

LML plans to raise up to Rs 500 cr; first product in 2nd half of 2023

LML Electric plans to raise up to Rs 500 crore to fund setting up of its own manufacturing plant and scale up business, according to company MD and CEO Yogesh Bhatia. The company is gearing up to launch its first product in the Indian market in the second half of 2023 to mark the return of one of the popular two-wheeler brands of yesteryears, LML in an electric reincarnation. LML Electric has already entered into a partnership with Saera Electric Auto Pvt Ltd, which had acquired American cult bike maker Harley Davidson's manufacturing plant at Bawal in Haryana, to roll out its products in the initial phase. "We are planning to launch three products and all are in different categories. Our first product, an electric bike (bicycle), is coming in the first half of 2023 for the European and the US market. Our second and third products will be launched in the second half of 2023 for India and other markets," Bhatia told PTI. The second product will be a "hyper bike" -- a crossover betwe

SBI raises Rs 4,000 crore via tier-2 bonds at cutoff rate of 7.57%

Lender claims overwhelming response from investors, with bids of Rs 9,647 crore; issue oversubscribed 5x against base size of Rs 2,000 crore

Insurtech start-up Zopper raises $75 million in series C funding

Currently, there are 57 insurance companies in India- 24 in the life insurance sector and the others in non-life insurance businesses

Ambuja seeks shareholders' nod for Rs 20k-cr warrants, Adani's appintment

Ambuja Cements, which has been acquired by the Adani family, has called for an extraordinary general meeting with its shareholders on October 8. In the EGM (Extraordinary General Meeting), Ambuja Cements will seek shareholders' approval for the appointment of Gautam Adani and others on the board and a Rs 20,000 cash infusion in the company through preferential allotment of warrants. Ambuja Cements has sought approval for allotment of preferential allotment of 47.74 crore warrants at a price band of Rs 418.87 to Harmonia Trade and Investment Ltd, a promoter group entity, totalling Rs 20,001 crore in one or more tranches. The warrant holder would pay a minimum amount of Rs 104.72, around 25 per cent of the issue price at the time of subscription, and a further payment of Rs 314.15 at the time of exercise of the rights to convert in equity shares. Ambuja Cements, which also owns 50.05 per cent in ACC Ltd, has called for an EGM of the shareholders "scheduled to be held on Saturday, ...

New Leaf raises Rs 6.15 cr pre-series A funding from Good Ventures

The firm claims to support around 15,000 farmers currently and aims to reach more than 2 lakh small and marginal farmers over the next 3 years

Veranda Learning Solutions to raise Rs 300 crore in preferential issue

This raise includes an investment of Rs 61.4 crore to be subscribed by the promoters in the form of convertible warrants

SoftBank's Masayoshi Son discusses setting up third Vision Fund: Report

The 65-year-old entrepreneur has raised billions of dollars in cash recently and sees another startup fund as one of several possible priorities for the money

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

Trump's Save America fundraising group under US govt investigation: Report

A US federal grand jury is investigating former President Donald Trump's Save America fundraising group, a media report said, citing subpoenas

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

HDFC Bank's Rs 3,000-crore AT1 bonds get FY23's best rate at 7.84%

Canara Bank plans Rs 1,500-2,000 cr AT1 sale; Axis Bank, too, mulls fundraise

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

ICICI Bank to raise Rs 10,000 cr via infra bonds in one or more tranches

Proceeds to be used for project financing, affordable housing