Advertisements New-age, sector-agnostic, alternative credit platform, BlackSoil has raised ₹70 Crore through non-convertible debentures (NCDs) for its NBFC. These NCDs are longer tenure products raised from UHNIs, HNIs & Family Offices, of which 65% were repeat investors. The capital raised through… Read More ›
Specialized Funds
Grip Invest Invests USD 2 Mn Lease Financing Deal With Big Spoon
Advertisements Grip Invest, a digital platform for facilitating new-age investments, and Big Spoon, one of India’s leading cloud kitchens, have announced that they’ve entered into a $2 million lease financing deal. Grip plans to enable Big Spoon in capitalizing on… Read More ›
Winvesta Launches UPI Based Remittance For Foreign Investments
Advertisements In a first-of-its-kind in India, leading cross-border fintech – Winvesta – has launched a pioneering feature that enables clients based in India to remit funds via UPI and net banking to fund their global investment accounts. One of the… Read More ›
India’s Escorts hits record high as Japan’s Kubota plans to raise stake
Advertisements Japan’s Kubota Corp will raise its stake in tractor maker Escorts Ltd to as much as 44.8%, the companies said on Thursday, sending shares of the Indian firm to a record high. Kubota, which currently holds a 9.09% stake in Escorts,… Read More ›
Indo-US trade on track to surpass USD 145 bn in 2021: US Consul General
Advertisements The U.S remains India’s biggest trading partner and largest export market with trade exploding from approximately $20 billion in 2001 to over $145 billion in 2019 notwithstanding the pandemic taking a toll on trade,” US Consul General Judith Ravin… Read More ›
Indian Fintech Lending Has Been Resilient During Pandemic in FY20-21: Equifax – SIDBI Report
Advertisements SIDBI and Equifax India launched the third edition of “Fintech Pulse,” a quarterly publication introduced in 2021 that highlights key trends of the fast-growing NBFC (Non-Banking Financial Company) fintech segment. “Fintech Pulse” aims to provide insights on trends within… Read More ›
Slice Launches ₹2,000 Credit Limit Cards To Go After 200mn Eligible Indians
Advertisements Slice, India’s credit card challenger, today launched ₹2,000 onwards credit limit cards, making this the most diverse range of credit limits in any card till date. Currently, the credit card penetration in India is under 3%, with around 30… Read More ›
Stanza Living sets up Rs 35-crore ESOP pool for eligible employees
Advertisements Stanza Living, which provides fully-managed shared accommodation for students and working professionals, has set up an employee stock option pool worth Rs 35 crore for all eligible employees. So far, ESOPs were available only to the senior management. Now,… Read More ›
Edumpus announces INR One Crore Scholarship Programme
Advertisements Edumpus, the premier educational social platform, has announced the launch of an INR One Crore Scholarship Programme, one of India’s largest study abroad scholarships till date. The scholarship is available to Indian students who are planning to study overseas… Read More ›
Distressed Assets Deal Space Remains Active in the Shadow of the Pandemic & NCLT Slowdown.
Private equity, distressed funds & foreign funds including Farallon, Bain-Piramal, Oaktree, Ares SSG, Kotak Special Situation Fund, Varde Partners, PAG have been keenly participating in asset deals at highly attractive valuations despite the challenges posed by the pandemic as well as the delays in the resolution process which are quite common.