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News on Medial
Around 3-4 MENA portfolio firms set for IPO in 2-3 years: 500 Global MENA’s Ahmad
VCCircle
·
5m ago
Medial
500 Global MENA's managing partner, Amjad Ahmad, reveals that around 3-4 of their portfolio companies in the MENA region are on track for an initial public offering (IPO) within the next two to three years. Since 2012, the US-based venture capital firm has invested in over 275 startups in the region. Ahmad shared this insight during an interview with VCCircle, highlighting the ongoing growth and development of their investment portfolio.
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SoftBank-backed FirstCry to file IPO papers soon, targets raising $500-600 million
Economic Times
·
1y ago
Medial
Omnichannel retailer FirstCry is set to file its draft IPO papers in the coming days, aiming to raise $500-600 million at a valuation of $4-5 billion. The company specializes in selling products for kids and mothers online and offline. Three Indian family investment offices recently invested around Rs 435 crore in FirstCry. SoftBank, the largest investor, is looking to dilute its stake to under 26% to comply with FDI laws. Ola Electric, another SoftBank portfolio company, is also expected to file its IPO papers soon.
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Investment Firm Singularity Growth Raises Rs 500 Crore
OutlookIndia
·
1y ago
Medial
Singularity Growth has raised Rs 500 crore in the first tranche of the Singularity Growth Opportunities Fund II, with a total planned corpus of Rs 1,500 crore and a greenshoe option of Rs 500 crore. The full fund closure is expected in the next two to four quarters. They plan to make investments of around Rs 75-175 crore per deal across 14-18 transactions, targeting startups in various sectors. The firm aims to start exiting from 3-4 portfolio companies annually starting in 2024.
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Hyundai, Swiggy, NTPC Green-India's biggest IPOs of 2024
Money Control
·
10m ago
Medial
1. Hyundai Motor India's $3 billion IPO opens for subscription next week with the aim of achieving a valuation of around $19 billion. 2. Swiggy, backed by SoftBank, is planning an IPO worth $1.25 billion. 3. NTPC's green energy arm has filed for a $1.2 billion IPO. 4. Bajaj Housing Finance's shares have more than doubled after a successful $782 million IPO. 5. Ola Electric's $734 million IPO in August garnered interest from investors like Fidelity and Nomura. 6. Schloss Bangalore, backed by Brookfield, has filed for a $599 million IPO. 7. Bharti Hexacom's $511 million IPO in April received bids exceeding $8 billion. 8. Aadhar Housing Finance raised $358 million through its IPO in May.
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Fintech to remain key investment theme in MENA: Panellists at LP Summit Dubai 2024
VCCircle
·
10m ago
Medial
1. Fintech is expected to remain a key investment theme in the MENA region. 2. The sector has witnessed significant funding and will continue to grow in the coming years. 3. Digital transformation and improved regulatory frameworks are driving the growth of fintech in the region. 4. The VCCircle Limited Partners Summit in Dubai discussed the potential of fintech in MENA. 5. Industry executives highlighted the opportunities and future prospects in the fintech sector. 6. The event emphasized the role of fintech in driving innovation and financial inclusion in the region.
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Sify’s Indian data-center unit plans $500 million IPO
Economic Times
·
2d ago
Medial
Sify Technologies Ltd.’s data-center unit, backed by Kotak Private Equity Group, plans to raise $500 million through an initial public offering (IPO) in India. The offering will include new and existing shares, potentially valuing the unit at around $3 billion. Sify, a pioneer in India's data-center sector, operates 14 data centers nationwide. The IPO will capitalize on the growing demand for data centers, spurred by artificial intelligence expansion, with India’s capacity set to increase significantly.
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Investors rush to find anchor in Ola Electric IPO; local, foreign cos sign up for likely $350m book
Economic Times
·
1y ago
Medial
The upcoming IPO of Ola Electric Mobility has attracted interest from both domestic and international investors, as the company's valuation approaches $4 billion. The IPO is set to open on August 2, with anchor investors such as SBI AMC, HDFC AMC, and international institutions like Fidelity and Nomura bidding around $200-100 million each. This IPO marks the first fundraising initiative by an automaker in over 20 years. Ola Electric's CEO, Bhavish Aggarwal, will participate in the offer for sale, reducing his stake in the company. The anchor book is expected to open on August 1, with listing anticipated on August 9.
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After Wakefit, Verlinvest lines up Purplle and Veeba for IPOs
Livemint
·
1m ago
Medial
Verlinvest, a Belgian investment firm, plans to list Indian consumer startups Purplle and Veeba on the public markets following Wakefit's IPO filing. The firm expects at least two more consumer startups from its India portfolio to go public in the next two years. Verlinvest's investment strategy involves adding 2-3 domestic brands annually while supporting existing portfolio companies in their growth and public listing endeavors.
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Workplace solutions firm IndiQube to file draft papers for ₹800 cr IPO next week | Company Business News
Livemint
·
7m ago
Medial
IndiQube, a workplace solutions company based in Bengaluru, is set to file for an IPO to raise ₹800 crore. The IPO will consist of a fresh issue and an offer for sale by the promoters, with the fresh issue component expected to be around ₹700 crore. The majority of the funds raised will be used for capital expenditure on new centers, while some will go towards debt repayment. IndiQube's portfolio includes 7.7 million sq ft across 14 cities, and its clients range from Indian conglomerates to startups and Fortune 500 companies. Its competitors in the flexible workspace sector include WeWork India, Smartworks, Awfis Space Solutions, and Table Space.
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OfBusiness In Talks With Bankers For $500 Mn IPO Next Year: Report
Inc42
·
11m ago
Medial
B2B marketplace OfBusiness is in talks with bankers, including Kotak Investment Banking, as it plans to go public through an IPO by August 2022. The IPO is set to include both primary and secondary share offerings totaling around $500 million. Although discussions are still in their early stages, the details of the deal may be subject to change.
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Will TPG, Temasek top the benchmark in partial exit from Indian healthcare firm?
VCCircle
·
6m ago
Medial
TPG and Temasek, major investment firms, are set to achieve significant returns by partially exiting an Indian healthcare company as it launches its initial public offering (IPO) next week. These firms were among the many private equity-style investors who collectively invested at least $500 million in the company. The move highlights the potential of the Indian healthcare sector and the strategic timing of their partial divestment through the public market offering.
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