The startup, which was struggling through much of 2019, claims to have retained Rs 200 crore in cash balances and improved asset quality
Banks like RBL Bank, Federal Bank and DCB Bank are now likely to join the their bigger peers such as ICICI Bank and Axis Bank in planning a share sale some time this year
“Anthem Biosciences is looking to tap investors, primarily private equity funds & sell a 10 percent stake in the firm and raise around $100 million. If plans fructify, this would value the firm at a billion dollars," a source said.
Unacademy has seen a particular spurt in revenue and growth in the past year after it started monetising Unacademy Plus.
The Board of Directors will also consider the approval of the audited financial results for the quarter and year ended March 31, 2020 at its meeting to be held on May 9.
The base size of the issue was Rs 500 crore, with an option of retaining oversubscription of up to Rs 4500 crore.
Post the latest fundraising round, the company is expected to achieve $2.7 billion (Rs 270 crore) in valuation
The company that started as a bootstrapped company, Nysaa Retail raised its first external funding of $7 million from Carpediem Advisors in 2018 after completing five years of operations
In May, IOB had obtained board approval to raise up to Rs 1500 crore through issuance of Basel-III compliant bonds in the current financial year to shore up its Tier-II capital.
The MCA said promoters of Zen Shaving had siphoned out the money they had received through an IPO issue.
NCDs are loan-linked bonds that cannot be converted into stocks and usually offer higher interest rates than convertible.
The company would have liked to raise the money shortly but investor nervousness thanks to the market making record highs has pushed the issue to the year end, an official said.
The salient features of the app are videos, games and audio which are designed to help users relieve stress and keep calm. The app company is valued at $250m is already a profitable venture.
The fund will target startups across early and growth stages with cheque sizes of up to Rs 100 crore.
Of the total, Rs 8,500 crore will be raised through a preferential issue of shares with a face value of Rs 2 each to parent HDFC.
Indian companies raised Rs 1,835 crore in April this year.The funds were mobilised for business expansion, refinancing of debt, working capital requirements and other general corporate purposes.
The said bond having face value of Rs 10 lakh each for cash aggregating to Rs 1000 crore.
The aviation company is in talks with investors to raise funds via minority stake sale, sources say.
Sources privy to the development have told the news media outlet that the e-commerce website secured its latest funding on Friday at a valuation of about $10 billion.
Nakshatra World filed its DRHP with the Securities and Exchange Board of India (SEBI) and the exchanges on Wednesday. The company had announced intentions to raise Rs 650 crore in an exchange notification in December 2016.
Startups in India face numerous challenges at different stages in terms of incorporation, fund raising and hiring and they need adequate support to tide over these difficulties and minimise failures, says a report.
Stampede Capital, a non-bank liquidity solution provider, has approved fund raising via various options. It intends to raise capital up to USD 40 million and will issue 5 crore equity share warrants in the company. This will take the total authorised share capital of the company from Rs 34 crore to Rs 45 crore.
Granting industry status to affordable housing will help developers in accessing funds.
The e-tailer and its investor are discussing valuations close to USD 3-4 billion but the former is trying to bag new investors at a better valuation.