Sahyadri Farms raises $46 mn, adds new investors to cap table
Farmer led-Sahyadri Farms Post Harvest Care ushered in new foreign impact investors to its cap table as it raised Rs 390 crore (approximately $46 million) as part of its second round of funding. Europe-based private equity fund responsAbility and US-based PE fund GEF Capital Partners have invested Rs 390 crore in ......
MENA Digest: UAE startups lead funding activity; CredibleX, Anghami secure $55 mn each
UAE tech startups led funding activity in the Middle East and North Africa region this week, raising growth capital to expand their businesses. While Web3 banking startup Klickl raised double-digit growth funding, fintech CredibleX secured a mix of equity and debt capital to scale its business. Other startups that raised ......
Vishal Mega Mart jumps 41% in trading debut to $5.8 bn valuation
Shares of India's Vishal Mega Mart surged 41% in debut trade on Wednesday, giving the budget retailer a valuation of $5.8 billion as investors bet on the company's growth prospects and resilience to challenges faced by larger rivals. The stock, which listed at 104 rupees on the National Stock Exchange, rose to ......
Blackstone-backed IGI India climbs on trading debut after $498 mn IPO
International Gemmological Institute (India) Ltd, a diamond certification company controlled by private equity firm Blackstone, made a strong stock market debut on Friday with its shares listing at a 21% premium to their issue price before losing some gains. Shares of IGI India began trading on the BSE at Rs 504.85 ......
India brightens IPO prospects for 2025 in Asia Pacific
Dealmakers expect the momentum for new share sales in India, now the world's busiest market for initial public offerings, and Australia in 2025 will cushion the impact of sluggish Chinese deals in the Asia Pacific. The Mumbai-based National Stock Exchange outranked the bigger U.S. exchanges in the amounts raised by IPOs for ......
Italy's FILA sells 4.6% stake in Indian unit DOMS
Italian stationery maker FILA has completed the sale of around 4.57% of the outstanding shares in its Indian unit DOMS, raising the equivalent of 90.9 million euros ($94.6 million), it said on Thursday. Through an accelerated bookbuilding process, FILA sold around 2.7 million shares at 2,879.29 Indian rupees ($33.84) each, equal ......
Sector Scan: Fresh slippages add to asset quality woes of MSME-focused NBFCs
Non-bank lenders enjoyed two years of high growth post COVID-19 as a pent-up demand in the economy led to a ripple effect and balance sheets ballooned unabated. Customers, too, were also disciplined in servicing their loans, leading to a lot of money being pumped into the sector. However, many such ......
Tata to rethink Starbucks' outlet expansion strategy amid lower footfall
India's Tata Consumer Products "will calibrate" its plans to open Starbucks stores in the near term at a time when fewer customers are walking into its cafes in the world's most populous country, its top boss said on Monday. City dwellers in India are cutting spending on everything from cookies and coffee to fast ......
MobiKwik surges 85% in trading debut, valued at $474 mn
India's MobiKwik shares soared 85% in their trading debut on Wednesday, valuing the financial technology firm at about 40 billion rupees ($474 million), as investors bet on its prospects in a booming online payments market. The stock listed at 440 rupees on the National Stock Exchange, compared to its offer price ......
What's the upside for Evolvence, Steadview as Unimech floats IPO?
Alternative investment firms Evolvence India and Steadview Capital as well as a private equity fund managed by ValueQuest are sitting on a neat upside within six months of investing in Unimech Aerospace and Manufacturing Ltd as the company floats its initial public offering. Bengaluru-based Unimech, which makes complex components for the ......
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