Page 18 - Funding

App-based consumer credit provider MoneyTap aims at Rs 5,000 cr loan book

Firm has raised Rs 500 cr in equity and debt. It was launched in Sept 2016 as India's first app-based consumer credit line three serial entrepreneurs

Personal care startup Mamaearth raises Rs 130 cr led by Sequoia

The funds will also be used to launch more brands under the Honasa Consumer Pvt Ltd

NIT Trichy alumni commit $3 mn for alma mater's research work, scholarships

The effort is to create several PhD scholars from the institute, in areas like Artificial Intelligence, Machine Learning and Internet of Things

Only 18% fresh capital raised in IPOs used to fund company's needs

Companies looked to give shareholders an exit rather than fund their business needs

IBA to set up framework to address consortium, multiple lending issues

And to address these issues, there are two things which are happening, one is at the IBA level and another by RBI to develop secondary market for loan to corporates.

Dr Agarwal's Group of Eye Hospitals raises Rs 215 crore from CDC Group

The 63-year-old Chennai-based chain currently has around 90 hospitals, including 14 in Africa

Avaada Energy gets $15 mn funding from French finance institution Proparco

In April, Avaada received a total investment of over Rs 1,000 crore from Asian Development Bank, DEG, Dutch finance development company FMO and company's promoter

Furniture firm CasaOne raises Rs 114 cr in series B funding led by Accel

CasaOne, a furniture rental company, on Friday said it has raised USD 16 million (about Rs 114 crore) in funding led by Accel. The series B round also saw participation from existing investors JLL Spark, Freestyle Capital, NextWorld Capital and Array Ventures, a statement said. New investors include Quiet Capital, HNI and WeWork and a few prominent angel investors including Lydia Jett from Softbank's Vision Fund, it added. "This round of financing will help CasaOne expand to new geographies, further invest in hiring technology and engineering talent and expand into adjacent product categories," it said. CasaOne launched its furniture rental solution in 2017. With increased demand from businesses, BureauOne was launched in May 2019 to cater to fast-growing companies, mid-market firms and enterprises to convert their FF&E (furniture, fixtures and equipment) into a utility. CasaOne operates out of six markets - Chicago, New York, Los Angeles, Seattle, the San Francisco Bay Area and .

SBI raises Rs 3,814 crore from perpetual bonds to fund business growth

Under the Basel-III norms, AT-1 bonds come with loss absorbency features, meaning that in case of stress, banks can write off such investments

Non-alcoholic beverage maker Svami raises Rs 7.5 cr from Rukam, others

The startup will use the funds to penetrate deeper into existing geographies and grow into newer cities of India, besides expanding the current product line

Blackstone invests Rs 1,750 cr in Kishore Biyani's Future Lifestyle Fashion

With this transaction, Blackstone will be the only financial partner in Ryka

Ola in talks with Microsoft to raise $200 million in funding: Report

The discussions are at an advanced stage and likely to be closed in the next 10-15 days, the sources privy to the development said

Goal-setting startup Ally raises $15 mn in Tiger Global-led funding round

Ally's product is based on the objectives and key results framework, an operating model for running agile businesses

AI firm CleverTap raises $35 mn in funding round led by Tiger Global

Funds will be used to fuel team growth across engineering, sales, and marketing across the US, Latin America, Europe, and Asia

Social commerce startup Meesho gets $125 mn funding from Facebook, Nasper

Meesho is part of a crop of new e-commerce companies that are trying to take advantage of social connections to facilitate sales

Musk's Boring Co raises $117 mn in latest funding round from 20 investors

In the past, Musk has sold Boring Co's hats and flamethrowers to raise funds

Avanti Learning Centres raises Rs 33 cr

Investment to help firm expand to 400 centres over five years