ChrysCapital-backed school financier, Varthana Finance, has raised $10 million debt from a fund managed by global impact investor, BlueOrchard Finance. Varthana provides loans to affordable private schools and students to enhance the affordability of quality education. It aims to make education accessible to over 10 million students by 2025.
Fund mobilisation through privately placed corporate bonds in India reached a record high of Rs9.77 lakh crore in FY24, a 15% increase compared to the previous year. Indian companies preferred this method as it is cost-efficient and cheaper than equities. Fundraising through the equity route totaled Rs 1.26 lakh crore, with QIPs contributing significantly. This article provides insights into the fundraising activities in the Indian market.
Indian airline company, SpiceJet, has raised Rs 744 crore as part of its fundraising plan.
Fundraising through REITs and InvITs has surged 10-fold year-on-year to Rs 11,474 crore in 2023. The increase in fund mobilisation is attributed to efforts by regulator Sebi and the attractive returns offered by these investment options. Further growth is expected in 2024 due to factors such as anticipated rate cuts, tax incentives, and relaxed investment norms
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The Indian National Congress party has introduced bar codes on chairs at a rally in Nagpur as a new method of crowdfunding. Supporters attending the rally can scan the bar codes using their smartphones to donate funds to the party. This innovative approach aims to make fundraising more efficient and transparent.
Shriram Finance is set to raise $500 million through the asset-backed securities (ABS) route overseas.
Alibaba Group Holding Ltd’s cloud division is weighing a private round to raise funds from Chinese state-owned enterprises ahead of the business’ market debut in Hong Kong, Bloomberg News reported. The tech giant could potentially raise about $1.38-$2.75 billion through its Cloud Intelligence Unit fundraising, according to sources.
