Housing finance company HomeFirst has further diversified its borrowing sources with the latest fund raise from IFC, through the issuance of INR denominated, senior secured, rated, unlisted, redeemable Non-Convertible Debentures with a tenor of up to seven years. The proceeds will be utilized to provide financing for retail buyers of affordable housing and green affordable…
IIFL Finance, a Systemically Important Non-deposit taking Non-Banking Financial Company, announced it will open a public issue of Secured NCDs on September 27, 2021, to raise up to Rs. 1,000 crore, for the purpose of onward lending, financing, refinancing the existing indebtedness of the Company (payment of interest and/or repayment/prepayment of principal of borrowings) and…
Amazon Pay, the payments entity of the e-commerce giant, has raised Rs 225 crore, marking its first fundraise of the year. Amazon Pay India raised the capital from parent entities Amazon Corporate Holdings in Singapore, which invested the majority share at Rs 224.9 crore, while Mauritius headquartered Amazon.com.incs Limited offered the rest, according to regulatory…
Venture debt fund Trifecta Capital has raised $140 million towards the final close of its second fund, higher than targeted on sustained interest from domestic institutional investors, family offices and large fund of funds such as Small Industries Development Bank of India (Sidbi), according to ET report. “We had announced our first close at Rs…
Treebo Hotels, the Bengaluru-headquartered budget hospitality chain, announced that it has raised ₹10 crore from a group of angel investors. The list includes Vijay Shekhar Sharma, founder and CEO of Paytm; Jaydeep Barman, co-founder and CEO of Rebel Foods (Faasos); and Deepak Parayanken, Managing Director of Mozambique Holdings. Shantanu Deshpande, co-founder and CEO of Bombay…
Aditya Birla Fashion and Retail Limited (ABFRL) has announced that it has approved the raising of Rs. 1500 crore by way of preferential issue to Flipkart Group, according to the company’s exchange filings. With this infusion, Flipkart Group will own 7.8% equity stake in ABFRL on a fully diluted basis. The promoter and promoter group…
Investment banker JM Financial announced the successful closure of its Qualified Institutions Placement. The Company said that it has issued and allotted 11 crore equity shares of the face value of Rs 1 each to qualified institutional buyers at an issue price of Rs.70.0 each, aggregating to Rs. 770 crore. “The committee of the board…
Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced that it has completed the public offering of non-convertible series B debenture and the listing thereof on the Tel-Aviv Stock Exchange, for a sum of approximately $60 million bearing an annual interest rate of 3.37%. Both institutional and private investors participated…
Bengaluru-based Arkam Ventures, formerly known as Unitary Helion, recently announced the first close of ₹325Cr of its maiden ₹700Cr startup fund. The company says it will focus on early-to-growth-stage startups in Series A, Series B stages across financial services, healthcare, food, agriculture, and mobility space. The new fund is backed by investors like Small Industries…
Blue like an Orange Sustainable Capital has closed its first fund, raising just over $200 million for its Latin America Fund I (“the Fund”). The Fund focuses on mobilizing private, primarily institutional, capital for Latin America, and counts over 25 investors as Limited Partners – including AXA, HSBC, CNP Assurances, BNP Paribas Cardif, SG Insurance,…
Blue Star Limited, India’s air conditioning and commercial refrigeration player, announced that it has successfully completed raising Rs 350 crores through private placement of Non-Convertible Debentures (NCDs). The NCDs will be listed on the Wholesale Debt Market of National Stock Exchange of India Limited. The NCDs are unsecured and carry a coupon rate of 7.65%…
IndoStar Capital Finance, a Mumbai-based non-banking finance company registered with the Reserve Bank of India as a systemically important non-deposit taking company, announced that it has raised Rs 1,225 crore equity capital from Brookfield, according to an ET report. The investment by Brookfield in the retail-focussed NBFC is a combination of primary investment in equity…
Tring, a Mumbai-based celebrity engagement platform, announced it has raised funds from top entrepreneurs and startup investors including Kalyan Krishnamurthy of Flipkart, Sujeet Kumar of Udaan, Gaurav Munjal of Unacademy, Keshav Sanghi of VentureWorks India, Roman Saini of Unacademy, Hemesh Singh of Unacademy, and Sumit Jain of Opentalk amongst others. Earlier, the startup had raised…
EIG Global Energy Partners (EIG), a US-based leading institutional investor in the global energy sector, announced the successful final close of EIG Global Project Fund V(GPF V) with total commitments of $1.1 billion, nearly 50% higher than the Fund’s $750 million target. EIG also raised an additional $1.5 billion of commitments in the form of…
Bangkok-based fintech startup Digio recently announced it has raised $4million in a Series B round. The funding round saw participation from Thai interbank payments provider PCC, Beacon Venture Capital, and Private Equity Trust for SME Growing Together 2. The company plans to use these new funds to accelerate product and services development. The company said…