iNurture Education Solutions, a Bengaluru-based ed-tech startup that provides formal higher education programmes in India, announced that it has raised Rs 10 crore in debt funding from Mumbai-based new-age venture debt platform, BlackSoil. This is in addition to the undisclosed amount of equity capital the company is raising from its existing investors. The Ed-tech startup…
CARS24 Financial Services, the lending arm of Gurugram-based auto-tech-startup CARS24, announced that it has secured Rs 10 crore debt funding from Vivriti Capital. According to a survey conducted by CARS24, 41 percent of the consumer’s intention to purchase a private car post lockdown has increased. However, availability of easy financing options has been a challenge…
Aye Finance, a Gurugram-headquartered new-age finance company providing business loans to small and micro enterprises across India, announced that it has raised about $17 million in debt funding, according to a VCCircle report. Recently, the company raised Rs 210 crore in Series E funding round. Aye Finance said that it had raised the capital from…
Stride Ventures, a Delhi-based investment firm that provides hands on support to startups for their financing requirements complimenting the equity raise, announced that it has led a debt round of about Rs 25 crore in Bulk MRO, a full-stack B2B platform for industrial supplies. The venture fund has also partnered with one of India’s leading…
Alaska Airlines, a major American airline headquartered in Washington, announced that it has secured nearly $1.2 billion in private loans to further secure its financial stability and future during the COVID-19 recovery period, while balancing the appropriate amount of liquidity. The debt financing will be funded on or around July 2. As part of an…
British cinema operator Cineworld recently announced that it has secured a $250mn debt facility from a clutch of private institutional investors. The recent funding is expected to help the cinema operator to prepare for reopening of theatres following the easing of coronavirus-led lockdowns globally. The funding is also significant for the company as it had…
WayCool Foods, a Chennai-based agri-tech startup that processes, distributes, and procures fresh produce, dairy products, and staples, announced that it has raised $5.5 million debt funding from IndusInd Bank. Recently, the company raised $32 million in Series C funding led by Lightbox. The Agri-tech startup plans to use the funds to introduce advanced technology, implement…
International Finance Corporation (IFC), a member of the World Bank Group, focused exclusively on the private sector in developing countries, has plans to invest up to $35 million in paper manufacturer JK Paper Ltd, according to a VCCircle report. IFC said in a statement that it will invest by subscribing to secured non-convertible debentures (NCDs)…
Slice, a Bengaluru-based fintech firm operated by GaragePreneurs Internet Pvt. Ltd, announced it is set to raise debt funding from the investment and consulting arm of Gunosy Inc., a Japan-based news and technology services company. According to regulatory filings by Slice, it will raise $3 million (Rs 22.5 crore) from Gunosy Capital Pte. Ltd. Following…
Clover Ventures Pvt. Ltd, which operates as an agricultural-technology firm focussed on providing greenhouse-grown fresh produce, announced it has raised Rs 7 crore in debt funding from Alteria Capital. Existing investors that took part in the debt funding round include venture capital firm Omnivore, Accel and Mayfield India. “The recently closed Series A round alongside…
SaaSBOOMi, a community for software as a service (SaaS) companies in India, announced that it has launched an initiative to help startups raise unsecured working capital loans to better weather the economic downturn caused by the Covid-19 pandemic. For this initiative, SaaSBOOMi has partnered with Indifi, an NBFC that supports small businesses, to help entrepreneurs…