Digital payments major PhonePe has received another fresh infusion of $100 million from existing backer General Atlantic and its affiliate funds as part of its $1 billion primary funding, according to ET report. The new tranche has been raised at a $12 billion pre-money valuation, just as in the previous tranches. With this, the digital…
Tigo Energy, Inc. (Tigo), a leading provider of intelligent solar and energy storage solutions, has signed a definitive agreement with L1 Energy for the purchase of $50 million of newly issued Convertible Notes to support the Company’s future growth opportunities through the deployment of its intelligent solar and energy storage solutions and repayment of existing debt.…
TruCap Finance Limited (TruCap) has announced a binding agreement to raise up to Rs. 105 Cr (nearly US$13.1 million) in a combination of equity shares, convertible warrants, and nonconvertible debentures from Zeal Global Opportunities Fund. The fund raise would comprise of Rs. 80 Cr of equity and convertible warrants, while up to Rs. 25 Cr.…
Innocus Global Group, the company behind the Fellaz project, a Singapore-Based Web3 entertainment ecosystem, announces investment in Fingerlabs, the blockchain company owned by FSN, a South Korean digital marketing powerhouse. This investment discussion was initiated in October this year during the meeting between the president of FSN, Lee Sang-Seok, and CEO of Fellaz, Bobby Bhatia,…
KKR, a global investment firm, and Serentica Renewables (Serentica), a decarbonization platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive, hard-to-abate industries, today announced the signing of definitive agreements under which KKR will invest $400 million in the Company. Serentica looks to deliver round-the-clock clean energy solutions for large-scale, energy-intensive…
doola announced that they have raised $8M in funding to continue helping entrepreneurs around the globe turn their dream idea into their dream US business. This new funding round was led by Nexus Venture Partners with participation from the Y Combinator Continuity Fund and more. “It’s time for entrepreneurs to shift their attention from admin…
AiDash, a leading provider of satellite and AI-powered operations, maintenance, and sustainability solutions, today announced a strategic investment of $10 million from SE Ventures, a Silicon Valley-based global venture fund backed by Schneider Electric, the leader in digital transformation of energy management and automation. The capital will be used to drive climate resilience for utility assets by…
Cepton, Inc. (Cepton), a Silicon Valley innovator and leader in high performance lidar solutions, announced that it has entered into a binding investment agreement dated October 27, 2022 (Investment Agreement) for a $100 million investment from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. As previously reported, the investment will be…
CreditAccess Grameen Limited (CA Grameen), the largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI) in India, has signed a Loan Agreement on October 17, 2022 at Bangalore, India, with U.S. International Development Finance Corporation (DFC), the U.S. Government’s development finance institution. Under the agreement, CA Grameen will borrow a US$35 million ESG-linked loan for up to…
Global investment firm KKR and Hero Future Energies (HFE), the renewable energy arm of the Hero Group, announced the signing of definitive agreements under which KKR and the Hero Group will invest $450 million in the Company. This investment will position HFE for continued growth and support its efforts to expand its renewable energy capacity and capabilities across technologies such…
Sequoia Capital-backed revenue-based financing platform Klub has marked the final close of its maiden Rs 200 crore revenue-based debt fund to back consumer tech companies ahead of the festive season, according to moneycontrol report. Acceler8, a SEBI (Securities and exchange board of India)-registered Category II Alternative Investment Fund, which was launched in December last year, has invested…
Klarna, the global leader in the generational shift away from credit cards, announced the closing of a new $800m financing at a $6.7bn post-money valuation. The financing attracted strong support from both existing and new investors and will primarily be used to expand Klarna’s leading market position in the United States. Sebastian Siemiatkowski, CEO of…
Enterprise SaaS platform Zvolv has announced that it has raised $ 1.5 million in JSW Ventures led funding round. According to a statement VC fund Riso Capital also participated in the latest round. It added, “Zvolv plans to use the funds to expand its customer base globally, drive rapid adoption in an increasingly work-from-anywhere world,…
Lacework, the data-driven security platform for the cloud, has announced it has raised $1.3 billion in growth funding at a valuation of $8.3 billion. Lacework will continue to invest in rapidly scaling its business globally, building on recent momentum of more than 3x year-over-year revenue growth, a 3.5x year-over-year increase in new customers, including LogicMonitor,…
Suade Labs, a financial and regulatory technology platform, has raised a Series A funding round. The fundraising was led by Glenn Hutchins, as well as other strategic investors. As Chairman of North Island, Co-founder of Silver Lake and former board member of the Federal Reserve Bank of New York, Glenn Hutchins brings a wealth of…