Sunday, November 17

Tag: Indiabulls Ventures

Top 5 Funding of The Week (22nd Oct – 27th Oct)
27Oct By Gauri SinghNo Comments
FUNDING

Top 5 Funding of The Week (22nd Oct – 27th Oct)

Funding activities have been growing a lot for a long time and with more and more startups coming in operation, the investors are also getting a boost. The last week saw a good number as well as the amount of fundraising activities in which various important companies took part. The company that raised the maximum amount of funds this week was Epic Games, the company that created video game sensation “Fortnite”. It raised $1.25 billion in funding from investors including KKR & Co, Iconiq Capital and Smash Ventures. This funding round has been one of the highest valued ones in a long time. Let us now have a look on the top five funding activities of the week.       1) VideoKen   Artificial intelligence-powered video-learning platform VideoKen ...
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Indiabulls Ventures Secures $210 Million From Foreign Funds
25Oct By Gauri SinghNo Comments
FUNDING

Indiabulls Ventures Secures $210 Million From Foreign Funds

Indiabulls Ventures Ltd, a financial services company has secured an amount of Rs 1,539.20 crore ($210 million) in a funding round. The particular round was led by four foreign institutional investors, including a private equity firm. The basic purpose of the funding round is to infuse long-term capital into two of its subsidiaries. Indiabulls Ventures will make a preferential allotment of compulsorily convertible debentures to Tamarind Capital Pte, Hong Kong-based hedge fund Steadview Capital, US-based venture capital fund ABG Capital and DF International Partners. The company is planning to use these funds to capitalize on lending arm Indiabulls Consumer Finance Ltd and Indiabulls Asset Reconstruction Co Ltd. The debentures have been allotted at a 35% premium to the company's share...
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