New Delhi: MobiKwik, one of India’s leading mobile-wallet companies, is in advanced talks with about half a dozen lenders and mutual funds to raise as much as Rs 1,000 crore to finance its expansion plans that include the likely acquisition of a rival, three people familiar with the development. …
Companies, Finance & Markets
Infobeans Tech IPO subscribed 31 times; mops up Rs 1,100 cr
The initial public offer of Indore-based Infobeans Technologies has garnered a whopping subscription of Rs 1,100 crore, making it one of the highest mop-ups in share sale by a small and medium enterprise (SME). The company received bids for 19 crore scrips against the total issue size of 63.48 la…
InCred disburses Rs 100 cr loans to SME, housing segments
InCred, a non-banking finance company which began operations in February 2017, has disbursed Rs 100 crore loans to about 1000 customers in less than 100 days. “Bulk of the disbursements have happened in the housing and small business segment which is very encouraging since InCred was set up to pr…
With technology as its key enabler, fintech start-up Rubique disburses loans worth over Rs 1250 cr
Mumbai: With technology as a key enabler to make finance simpler and minimize the gaps in the lending sector, Rubique has witnessed over 400% of growth in business with the same number of team members. The leading fintech company empowering individuals & SMEs by providing easy & smooth ac…
SoftBank pumps in Rs 1,675 cr in Ola
Japanese investor SoftBank has pumped in about Rs 1,675 crore in fresh funding in Indian transportation startup Ola to give it more muscle to take American rival Uber head-on. SoftBank subsidiary SIMI Pacific Pte picked 12,97,945 shares valued at Rs 10 at a premium of Rs 12,895 in ANI Technologie…
BigBasket eyes Rs 500 cr revenues from HoReCa segment
From the modest kitchens of middle-class homes to the pantries of India’s 5-star hotels, bigbasket has now established itself as the preferred grocery partner for all. In what can be called another milestone, bigbasket clocked Rs 100 crore annualized turnover by Mar 2017 from its B2B food s…
Intex Technologies to invest Rs 150-200 cr in start-ups
Delhi-based Intex Technologies has launched a Rs 150-200-crore fund to invest in startups with a strategic fit, the latest mobile phone maker to do so after Micromax and Xiaomi announced plans to back early-stage startups. The first investment from the corpus has gone into Rooter, a startup creat…
PharmEasy raises Rs 111 cr in Series-B round
New Delhi: Mumbai-based pharmacy aggregator PharmEasy has closed a $17-million deal (around Rs 111 crore) in a series-B round by three of its existing venture capital investors, said a person aware of the deal. The funding indicates continued interest in the online pharmacy segment despite a repo…
Logistics start-up Delhivery grabs a hefty $100mn investment
Logistics start-up Delhivery has raised $100 million capital in a latest round, led by Carlyle Asia Partners Fund IV. Along with Carlyle, Tiger Global Management has also participated in this round. As per the reports, US-based investment fund Carlyle Asia Partners IV has picked up a significant …
Stellaris brings $100 mn booster shot for Indian tech start-ups
Venture Partners, Stellaris have announced that they will be boosting Indian Tech Startups with $100 Million from its maiden closing. Contributions for the Indian tech startups came from corporate companies like Infosys, Entrepreneurs family offices from the US, Europe, Asia and from other financ…