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Kissht DRHP: Rs 1,000 crore fresh issue, Vertex and other investors to sell stake - The Economic Times

Economic Times

Economic Times · 1m ago

Kissht DRHP: Rs 1,000 crore fresh issue, Vertex and other investors to sell stake - The Economic Times

Kissht, a fintech lending app, has filed a draft red herring prospectus with Sebi to raise Rs 1,000 crore through a public listing. The company plans to invest Rs 750 crore in its non-banking finance company, Si Creva, with the remainder for corporate purposes. Existing investors like Vertex Ventures will sell 8.8 million shares. Kissht's operating revenue and profit fell in FY25, shifting its focus to longer-tenure loans.

Related News

Digital lending firm Kissht files DRHP with SEBI to raise Rs 1,000 crore through IPO

IndianStartupNews

IndianStartupNews · 1m ago

Digital lending firm Kissht files DRHP with SEBI to raise Rs 1,000 crore through IPO

Digital lending firm Kissht, operating under OnEMI Technology Solutions, has filed draft papers with SEBI to raise approximately Rs 1,000 crore through an IPO, which includes a fresh issue and an offer-for-sale by early investors like Vertex Ventures and Ammar Sdn Bhd. The capital will bolster its non-banking finance subsidiary Si Creva Capital and fund corporate activities. Founded in 2016, Kissht specializes in small consumer loans, boasting 53 million users and substantial assets under management.

ETtech explainer: Decoding Lenskart’s draft prospectus for Rs 8,000 crore IPO - The Economic Times

Economic Times

Economic Times · 2m ago

ETtech explainer: Decoding Lenskart’s draft prospectus for Rs 8,000 crore IPO - The Economic Times

Lenskart, an omnichannel eyewear retailer, is set for a significant IPO, with a draft red herring prospectus (DRHP) filed to raise Rs 2,150 crore. The IPO, including a fresh issue and offer-for-sale from investors like SoftBank, aims for a Rs 7,500-8,000 crore valuation. Lenskart intends to utilize funds for store expansion, technology enhancement, and marketing. Profitable in FY25, the company reported a Rs 297 crore net profit, with significant revenue from international markets.

Swiggy Files Updated DRHP With SEBI For INR 3,750 Cr IPO

Inc42 · 1y ago

Swiggy Files Updated DRHP With SEBI For INR 3,750 Cr IPO

Swiggy plans to raise INR 3,750 Cr through a public issue, with a fresh issuance of shares and an offer for sale (OFS) component. Investors including Accel, Coatue, Alpha Wave, Elevation, Norwest, and Tencent will sell shares as part of the OFS component. The move comes after SEBI approved Swiggy's draft red herring prospectus (DRHP) filed via the confidential route.

Swiggy IPO: Prosus may pocket $500 million; founders cash out $36 million via secondaries

Economic Times

Economic Times · 1y ago

Swiggy IPO: Prosus may pocket $500 million; founders cash out $36 million via secondaries

Swiggy's largest investor Prosus is expected to fetch over $500 million from the upcoming IPO of the food and grocery delivery firm. Prosus plans to sell a 5% stake, with the amount calculated based on Swiggy's estimated valuation of $11-12 billion. Other investors like Elevation Capital, Accel, and Norwest will also sell part of their stake in the IPO. Swiggy's founders Sriharsha Majety, Rahul Jaimini, and Nandan Reddy are also selling their stakes, with the company planning to raise up to $448 million through a fresh issue of shares.

Ola Electric slips to fourth in September E2W sales as Bajaj reclaims second spot - The Economic Times

Economic Times

Economic Times · 4d ago

Ola Electric slips to fourth in September E2W sales as Bajaj reclaims second spot - The Economic Times

The co-founders of Groww's parent company, Billionbrains Garage Ventures, have increased their ownership stake significantly, reaching 29.01% by June. Preparing for an upcoming public listing, Groww’s founders are poised to sell a minimal portion of their shares during the IPO. Groww plans a Rs 6,000–7,000 crore IPO, including a fresh issue and an offer for sale. The company, originating as a mutual fund app, has grown into India's top stockbroker by active clients.

Pine Labs files DRHP; Peak XV emerges as lead seller in OFS

Entrackr

Entrackr · 3m ago

Pine Labs files DRHP; Peak XV emerges as lead seller in OFS

Merchant payments and lending platform Pine Labs has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) on Thursday. The IPO includes a fresh issue of equity shares worth Rs 2,600 crore (approximately $305 million) and an offer for sale (OFS) of 14.78 crore equity shares, according to the DRHP. Peak XV is set to offload around 3.9 crore shares, accounting for approximately 26.3% of the total offer for sale (OFS). Acitis Pine Labs Investment and Temasek will sell 1.49 crore and 1.48 crore shares, respectively. Other participants in the OFS include PayPal, Mastercard Asia, Invesco, Madison India, Sofina, Lightspeed, BlackRock, and individuals such as Amrish Rau, Lokvir Kapoor, Kush Mehra, among others. According to the DRHP, Peak XV is the largest external shareholder with a 20.35% stake, followed by Temasek and PayPal holding 7.1% and 6%, respectively. Actis Pine Labs Investment owns 5.78%, while Mastercard and Alpha Wave hold 5.24% and 3.39%, respectively. Amrish Rau holds a 2.35% stake, followed by Lokvir Kapoor with 1.97%. Pine Labs plans to list its shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The IPO will be managed by Axis Capital, Morgan Stanley, CITI, JP Morgan, and Jefferies, who are acting as the book-running lead managers. According to the DRHP, the net proceeds from the fresh issue will be utilized for repayment of borrowing, investment in subsidiaries, technology, research, and other general corporate purposes. In the first nine months of FY25, the company posted a 23% year-on-year increase in revenue, growing to Rs 1,208 crore from Rs 982 crore. It also reported a net profit of Rs 26.1 crore during the period.

Early-stage VC firm Vertex Ventures' SEA and India arm raises $541 million in Fund V

Money Control

Money Control · 2y ago

Early-stage VC firm Vertex Ventures' SEA and India arm raises $541 million in Fund V

Vertex Ventures Southeast Asia and India has raised $541 million for its fifth fund, backed by sovereign wealth funds, financial institutions, corporates, family offices, and new investors like Japan Investment Corporation, International Finance Corporation, and DEG. The fund includes a co-investment pool of $50 million for startups led by female founders. The fund, 80% larger than its predecessor, will focus on sectors like enterprise tech, fintech, consumer internet, digital health, sustainability, and mobility in India and Southeast Asia. Vertex Ventures has invested in platforms like Licious, KukuFM, and Kissht in India.

Exclusive: Coworking Space Provider IndiQube In Talks With Bankers For INR 1,500 Cr IPO

Inc42 · 1y ago

Exclusive: Coworking Space Provider IndiQube In Talks With Bankers For INR 1,500 Cr IPO

IndiQube plans to file its Draft Red Herring Prospectus (DRHP) in the next three months after finalizing merchant bankers. The coworking space provider aims to raise INR 1,000 Cr – INR 1,500 Cr through its initial public offering (IPO). The IPO will primarily consist of a fresh issue of shares. IndiQube reported a profit of approximately INR 60 Cr in FY24, with an operating revenue of around INR 850 Cr.

Capillary Technologies files DRHP; to raise Rs 430 Cr via fresh issue

Entrackr

Entrackr · 3m ago

Capillary Technologies files DRHP; to raise Rs 430 Cr via fresh issue

Capillary Technologies files DRHP; to raise Rs 430 Cr via fresh issue Loyalty management firm Capillary Technologies has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) on Thursday. The IPO includes a fresh issue of equity shares worth Rs 430 crore (approximately $50 million) and an offer for sale (OFS) of 1.83 crore equity shares, according to the DRHP. Earlier this month, the Bengaluru-based firm received the board nod for its planned Rs 2,250 crore or $265 million Initial Public Offering. Capillary Technologies International Pte. Ltd will offload approximately 77.6%, or 1.43 crore shares, of the total OFS. Other participants in the OFS include Ronal Holdings, Trudy Holdings, Filter Capital, and individual shareholders such as Sripathi Venkata Ramana Reddy, Harminder Sahni, Adarsh Reddy, Sudhakar Reddy, Sripathi Damodar Reddy, and Manjunath Nanjaiah. As per the DRHP, Capillary Technologies International Pte Ltd, the promoter, holds a 65.47% stake in the company. Ronal Holdings and AVP Fund (Avataar Ventures) follow with holdings of 7.53% and 5.51%. Trudy Holdings and Filter Capital India own 4.49% and 3.66%, respectively. Capillary Technologies plans to list its shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The IPO will be managed by JM Financial, IIFL Capital, and Nomura Financial Advisory, who are acting as the book-running lead managers. According to the DRHP, the net proceeds from the fresh issue will be utilized for cloud infrastructure costs, research, design, development, and other general corporate purposes. In the previous fiscal year ended March 2025, the company recorded a 14% year-on-year growth in its revenue to Rs 598 crore, up from Rs 525 crore in FY24. It also posted a net profit of Rs 14.1 crore in FY25, compared to a loss of Rs 68.3 crore in FY24.

Infra.Market raises Rs 731 crore from promoters, existing investors - The Economic Times

Economic Times

Economic Times · 17d ago

Infra.Market raises Rs 731 crore from promoters, existing investors - The Economic Times

Infra.Market has raised Rs 731.5 crore from promoters and existing investors as it prepares for an IPO. Founders Aaditya Sharda and Souvik Sengupta invested Rs 250 crore via Silverline Homes Private Limited, while Nikhil Kamath's NK Squared contributed Rs 200 crore. Other investors include Tiger Global and Accel India. The company, specializing in construction materials, aims to file its draft red herring prospectus (DRHP) with Sebi, despite a recent credit rating downgrade due to financial concerns.

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