Monday, November 18

Tag: D.light

Top 5 Funding of the Week (17th Dec – 22nd Dec)
22Dec By Gauri SinghNo Comments
FUNDING

Top 5 Funding of the Week (17th Dec – 22nd Dec)

Funding is a very important part of a business and when an entrepreneur starts a business, the major source of expenditure for him is the funding he receives. This week, we saw the food delivery giant raising a huge amount of funds. So, let's dig into the details and have a look on the top five funding activities of the week. Swiggy India’s largest food delivery company Swiggy has reportedly raised an amount of $1 billion in a fresh funding round. The round was led by existing backer, South African media giant Naspers. Along with this, the new investors that participated in the round included China’s Tencent and hedge funds Hillhouse Capital and Wellington Management.  With this new round...
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D.light Raises $41 million from an Africa-focused Investment Advisory Firm
18Dec By Gauri SinghNo Comments
FUNDING

D.light Raises $41 million from an Africa-focused Investment Advisory Firm

D.light, a distributed solar provider has reportedly raised $41 million in equity financing. This round was led by an Africa-focused investment advisory firm that specializes in the energy sector known as Consortium Inspired Evolution. Consortium partners include the Dutch Development Bank FMO, and also the government-sponsored investment funds Swedfund and Norfund.  This latest funding which enables expansion of the company’s solar and Pay-Go consumer finance business in Africa has brought the total amount of equity and debt that the company has raised in the past two years to over $100 million. The funding round also enabled some of the company’s earliest investors to achieve an exit. “We are thrilled to have Inspired Evolution as the newest fun...
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