🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

UGRO Capital Raises INR 1,265 Cr Via CCDs & Warrants; 5% Lower Than Intended

Inc42 · 1y ago

UGRO Capital Raises INR 1,265 Cr Via CCDs & Warrants; 5% Lower Than Intended

UGRO Capital has allocated Compulsorily Convertible Debentures (CCDs) worth INR 258 crore and warrants worth INR 1,007 crore to investors. Previously, the company's board had approved a capital raise of INR 1,333 crore. UGRO Capital attributed the deficit in the capital raise to the uncertainty surrounding the election results and resulting market fluctuations.

Related News

UGRO Capital To Raise INR 1,332 Cr Via CCDs & Warrants

Inc42 · 1y ago

UGRO Capital To Raise INR 1,332 Cr Via CCDs & Warrants

Non-banking finance company, UGRO Capital, has announced plans to raise INR 1,332.66 Cr through the issuance of compulsorily convertible debentures (CCDs) and warrants. The fundraise has received approval from the board and is subject to shareholders' approval. Samena Capital has committed to invest INR 500 Cr through warrants, while UGRO's founder, Shachindra Nath, and other stakeholders have earmarked INR 16.25 Cr. The capital raise will support the company's growth for the current year and next year. UGRO Capital has also recently acquired embedded finance startup MyShubhLife.

Info Edge Gets Nod To Invest INR 30 Cr In Its Subsidiary Redstart Labs

Inc42 · 9m ago

Info Edge Gets Nod To Invest INR 30 Cr In Its Subsidiary Redstart Labs

Info Edge, an online classifieds company, plans to invest in CCDs worth INR 30 lakh. The investment will be utilized to meet capital requirements, explore new opportunities, and finance general purposes. The company's shares on the BSE ended 3.6% lower at INR 7654.75.

Moneyboxx To Raise INR 176 Cr To Expand Its Lending Play

Inc42 · 10m ago

Moneyboxx To Raise INR 176 Cr To Expand Its Lending Play

A startup has received INR 91 Cr as part of a deal, with INR 63 Cr from preferential equity issue and INR 28 Cr from warrants. The startup expects to receive the remaining INR 85 Cr under warrants within 18 months. Moneyboxx plans to use these funds to invest in technology and improve its operations, aiming to become a reliable financial partner for micro-entrepreneurs in underserved regions.

China raises stakes in cyberscam crackdown in Myanmar, though loopholes remain

Economic Times

Economic Times · 1y ago

China raises stakes in cyberscam crackdown in Myanmar, though loopholes remain

China is intensifying its crackdown on online scams in border areas of Myanmar, aiming to tackle criminal syndicates and their illicit activities. Despite joint operations with neighboring countries that have led to the return of thousands of victims, the crackdown primarily targets lower-level scammers rather than the masterminds behind these operations. Chinese authorities have made arrests and issued arrest warrants for individuals associated with powerful families in Kokang and Wa, which share the border with China. However, it remains unclear to what extent China's efforts will root out these scams and prevent future ones.

BYJU’S owned Aakash’s mints INR 80 Cr in FY22 profits, sales cross INR 1,400 Cr mark

Inc42 · 1y ago

BYJU’S owned Aakash’s mints INR 80 Cr in FY22 profits, sales cross INR 1,400 Cr mark

In FY22, Aakash Educational Services Ltd (Aakash), acquired by BYJU'S, reported a profit of INR 79.5 Cr, which is an 82% increase from the previous financial year. The revenue for FY22 also rose by 45% to INR 1,421.2 Cr. However, this profit is still lower than what Aakash earned in FY20. Aakash saw an increase in employee benefits and advertising expenses. BYJU'S has been facing various challenges, including financial concerns and legal issues with the BCCI.

UPI Transactions See Marginal Dip To 1,330 Cr In April

Inc42 · 1y ago

UPI Transactions See Marginal Dip To 1,330 Cr In April

In April, the transaction volume for Unified Payments Interface (UPI) in India reached INR 19.64 Lakh Cr, slightly lower than the previous month's INR 19.78 Lakh Cr. However, it increased by 40% compared to April of the previous year. UPI transactions decreased by 1% MoM to 13.30 Bn in April. On a YoY basis, the transaction count surged 50%. The Indian payment infrastructure has expanded globally, entering markets such as Nepal, France, and New Zealand. Efforts are being made by the National Payments Corporation of India (NPCI) to boost UPI adoption through new features and services. The NPCI is also considering lower interchange fees for UPI transactions and revising its decision on the market share cap for payment players.

SpiceJet founder Ajay Singh to infuse Rs 294 Cr in airline through promoter group entity

YourStory

YourStory · 4m ago

SpiceJet founder Ajay Singh to infuse Rs 294 Cr in airline through promoter group entity

Ajay Singh, founder of SpiceJet, plans to inject Rs 294 crore into the airline by converting warrants into equity shares via Spice Healthcare Pvt Ltd. This move will increase the promoter group's stake to over 33% from 29.11%. Singh will sell up to 3.15 crore shares to fund the conversion. The investment aims to bolster SpiceJet's financial position and support its turnaround strategy. Shares of SpiceJet rose by over 4% after this announcement.

28% GST on online gaming to yield extra ₹20,000 cr yearly: Govt

Money Control

Money Control · 2y ago

28% GST on online gaming to yield extra ₹20,000 cr yearly: Govt

According to Revenue Secretary Sanjay Malhotra, the GST Council's move to impose a 28% tax on the full bet value in online gaming would generate approximately ₹20,000 crore in additional annual revenue for the government. Malhotra noted that the online gaming industry currently pays only 2-3% GST, which is lower than the 5% tax applied to food items commonly consumed by individuals.

Caspian Debt and BlackSoil Capital announce merger, creating NBFC with Rs 2,000 Cr AUM

YourStory

YourStory · 11m ago

Caspian Debt and BlackSoil Capital announce merger, creating NBFC with Rs 2,000 Cr AUM

Indian NBFCs Caspian Impact Investments (Caspian Debt) and BlackSoil Capital have announced their merger via a share swap. Following board approval, the combined entity will operate under the BlackSoil name, managing assets exceeding INR 2,000 crore ($270 million). With a collective financing track record of over INR 10,000 crore across more than 450 startups, MSMEs, and companies, the merger aims to enhance market presence and operational efficiency in the alternative credit space. The deal is being advised by Haitong Securities India and BOB Capital Markets.

Moneyboxx To Raise INR 271 Cr To Fuel MSME Lending

Inc42 · 1y ago

Moneyboxx To Raise INR 271 Cr To Fuel MSME Lending

Moneyboxx, a small business lender, is aiming to raise around INR 271 Cr ($36.5 million) through a combination of preferential issue and warrants. The company plans to utilize the funds to support its growth and expand its operations in rural areas of India. Moneyboxx specializes in providing small ticket business loans to micro and small enterprises (MSMEs) in Tier III cities and below. It was co-founded by Mayur Modi and Deepak Aggarwal.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.