Financing

Ather Energy Rides $71 Million Funding Into Unicorn Land
|The company has been on a fundraising spree since the end of 2023. In May this year, Ather raised ₹286 crore through a combination of debt and equity, primarily through venture debt and contributions from its co-founders.
Ashish Kacholia Invests In India's First Quant AI Wealth Management Fund
|The funding round saw participation from several prominent figures in the financial services sector, including notable family offices.
Zepto Is Raising Funds Again — This Time At $5B Valuation: Report
|Zepto, a rapidly growing startup, is set to receive $310 million in funding from Mars Growth and General Catalyst, boosting its operations and customer base.
Namma Yatri Bags Around ₹92 Cr In Pre-Series A Funding Round From Google, Bloom Ventures
|Moving Tech Innovations Ltd secured $11M (₹91.94 crore) in funding, led by Blume Ventures & Antler. The company aims to enhance tech & product innovation for better user experience.
Blusmart Bags $24 Million In Funding From MS Dhoni Family Office And Renew Power CEO
|EV ride-hailing firm BluSmart raised $24M in pre-Series B funding. New investors include MS Dhoni Family Office and Sumant Sinha of ReNew Power.
Namita Thapar's Investment Grows 38,200% As Emcure Pharma Lists At 31% Premium On NSE
|Emcure Pharmaceuticals' stock listing on NSE at 31% premium has resulted in a huge growth of Namita Thapar's investment from ₹ 2.19 crore to ₹ 653 crore.
Social Media Startup Koo To Cease Operations After Failed Acquisition Talks
|Indian social media startup Koo is going to shut down after unsuccessful acquisition discussions.
India Ranks 10th In Private Investment In AI Globally, Attracting $1.4 Billion: Report
|India ranks tenth in private investment in AI, with $1.4 billion. US leads at $67 billion.
Tata Sons Puts New Investments On Hold Until E-Commerce, Electronics Businesses Find Their Ground: Report
|Tata Sons reportedly has paused new investments until its e-commerce and electronics businesses stabilize, prioritizing the consolidation of existing ventures.
IREDA, HUDCO Shares Shoot Up As Govt Said To Be Planning To Boost Bonds Via Tax Exemption
|The government plans to include IREDA and HUDCO under Section 54EC of the Income Tax Act. This move will exempt investors buying their bonds from capital gains tax, leading to lower interest rates than the current bond market, the official stated.
Zepto Raises $665M In Funding, Now Valued At $3.6B: Report
|Zepto raised $665 million in a funding round, catapulting its valuation to $3.6 billion, reported Moneycontrol. It plans to expand its reach, workforce, and ad income in new and existing markets, with a goal to transform the latter into a Rs 1,000 crore business.
Indian Tech Startups Beat Chinese Counterparts In Funding Rounds In First 6 Months Of 2024, Says Tracxn
|Indian tech startups surpassed Chinese counterparts in funding rounds in H1 2024, despite lower total funding.
WeWork Gets CCI Nod To Exit India Unit, Venture Fund To Acquire Stake
|CCI approves acquisition of WeWork India by Real Trustee & Volrado funds after it approved the exit of the global firm from the India unit.
IPL Now Valued At ₹1.37 Lakh Cr, CSK Remains Most Valuable Franchise Says Houlihan Lokey Report
|IPL's business value reaches $16.4 billion, with Chennai Super Kings continued to be the most valued franchise.
Zomato To Invest ₹300 Cr In Quick Commerce Arm Blinkit Amidst Rising Competition
|Zomato invests ₹300 crore into quick commerce division Blinkit as competition in quick commerce space intensifies with Swiggy's Instamart and Zepto.
The Leela Hotels To Go Public In 9 Months, Looks To Raise ₹3,150 Cr: Report
|Leela Hotels, a luxury chain, aims for $2.5B valuation in upcoming IPO led by Brookfield.
Power Finance Corp Secures Legal Approval For SP Groups' ₹15,000 Cr Loan Against Tata Sons Shares: Report
|PFC received legal support to provide a ₹15,000 crore loan to SP Group secured by Tata Sons shares.
Lenskart Secures Around ₹1,663 Cr Funding From Temasek And Fidelity
|Lenskart raised $200 million (₹1,663 crore) from Temasek and Fidelity, bringing its total capital raised in 18 months to nearly $1 billion. Avendus Capital advised the funding round.
GMR's Smart Meter Subsidiary Aims To Secure $100-150 Million For Expansion: Report
|GMR's smart meter division seeks $100-150 million funding to roll out smart meters and bid for new tenders.
Vedanta Share Price Climbs As Anil Agarwal-Owned Firm Said To Be Weighing Stake Sale
|Vedanta is reportedly contemplating launching the deal soon to capitalise on the rally in Indian equities, though the timeline remains flexible.
Tata Power To Secure $1B Loan For Renewable Energy Initiatives: Report
| Tata Power's move to secure this substantial loan is aimed at bolstering its green energy initiatives. This comes as India is making significant progress towards its ambitious renewable energy targets.
Adani Energy Solutions Completes Essar Transco Acquisition for ₹1900 Cr
|Adani Energy Solutions through its subsidiary acquired Essar Transco for ₹1,900 crores. The acquistion will add 673 ckt kms, 400 kV inter-state transmission line to the company's network
Amazon Pumps ₹830 Cr Into Its Indian Seller Services Amidst Rising Competition
|In a move to strengthen its foothold in the Indian market, Amazon has invested ₹830 crore in its Seller Services, as per an ET report. This investment comes at a time when the e-commerce giant is facing fierce competition from local players like Flipkart and Reliance JioMart.
Tata Consumer To Raise Funds Through ₹3,500 Cr Rights Issue After Mega Acquisitions
|On January 19, the TCPL board will convene to discuss various fundraising strategies, including the possibility of issuing commercial papers, debentures, and equity issues.
Nikhil Kamath Backs New ₹150 Cr Fund To Boost Consumer-Focused Ventures In India
|Targeting an average deal size of about ₹8 crore, GCCF aims to catalyze growth in diverse sectors such as wellness, beverages, fashion, lifestyle, hospitality, and mothercare.
After SpiceJet's Distastrous Q2 Report Card, Board Approves Lifeline ₹2,250 Cr Fundraising
|Despite operational difficulties, SpiceJet's stock has rallied by about 70% in the past six months. The airline's market capitalization stands at ₹4,000 crore, with Chairman Ajay Singh and other promoters holding a 56.5% stake, of which 37.9% is pledged.
This Microcap Stock Is Crashing After Cyclone Michuang Flooded Its Unit
|KCP Ltd, a cement-to-hospitality diversified firm, has said operations at its heavy engineering unit at Chennai have been disrupted due to the ongoing severe cyclone Michaung, sending shares plunging.
© 2024 Benzinga | All Rights Reserved