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.…
Tag: Rakesh Sethi
MSME lender Dhanvarsha Finvest raises Rs 622 Mn
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•Dhanvarsha Finvest Limited, a tech-enabled MSME lender has raised a total of INR 622 million, in a mix of equity and warrants led by Aviator Emerging Market Fund, and conversion of warrants by the Promoter Group and Management. INR 348 million of equity and warrants is infused already, and the company will further benefit from…