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Bottomline: Oxyzo on its way to top $1 bn in AUM as financials soar

VCCircle

VCCircle · 1y ago

Bottomline: Oxyzo on its way to top $1 bn in AUM as financials soar

Oxyzo Financial Services, the non-banking financial arm of B2B marketplace OfBusiness, is making significant progress towards reaching $1 billion in assets under management (AUM). The company, backed by private equity, is also improving its other financial metrics. Oxyzo has notable investors like Alpha...

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Bottomline: Vastu Housing Finance’s AUM for last fiscal soars past $1 bn mark

VCCircle

VCCircle · 1y ago

Bottomline: Vastu Housing Finance’s AUM for last fiscal soars past $1 bn mark

Vastu Housing Finance, a non-banking finance company controlled by Multiples PE, saw a substantial increase in its assets under management (AUM) for the financial year 2024, surpassing the $1 billion mark. The company's annual report showed strong growth in its AUM, indicating positive financial performance. The lender, led by Sandeep Menon, founder, MD, and CEO, continues to improve its financial metrics steadily.

Bottomline: Gaja-backed Kinara Capital’s assets under management soar in FY24

VCCircle

VCCircle · 1y ago

Bottomline: Gaja-backed Kinara Capital’s assets under management soar in FY24

Small-business lender Kinara Capital, which is supported by investors such as Gaja Capital and the Michael and Susan Dell Foundation, has reported a 26% year-on-year growth in its assets under management (AUM) for nine months of FY24. The company's CEO, Hardika Shah, expressed confidence in Kinara Capital's growth trajectory and its ability to provide support for small businesses.

Bottomline: TPG-backed Grihum Housing's AUM tops $1 bn, asset quality worsens

VCCircle

VCCircle · 7m ago

Bottomline: TPG-backed Grihum Housing's AUM tops $1 bn, asset quality worsens

Grihum Housing Finance, backed by TPG, has achieved an assets under management (AUM) milestone of over $1 billion in the first half of the financial year starting April 2024. This growth positively influenced net profits for FY24 and the first half of FY25. However, there are concerns over the company's deteriorating asset quality, despite its financial advancements. The management, led by MD & CEO Manish Jaiswal, navigates these dual fronts of growth and challenges.

Bottomline: PE-backed lender Aviom aims to double AUM as profit, margin improve

VCCircle

VCCircle · 1y ago

Bottomline: PE-backed lender Aviom aims to double AUM as profit, margin improve

PE-backed lender Aviom India Housing Finance plans to double its assets under management (AUM) during the current fiscal year. The company recorded a 70% increase in AUM for the previous fiscal year and is also aiming to improve its profit and net interest margin. Aviom focuses on providing small-ticket home loans to individuals in rural and underserved areas.

Blume Ventures aims at nearly $1 bn AUM with fifth VC fund

VCCircle

VCCircle · 11m ago

Blume Ventures aims at nearly $1 bn AUM with fifth VC fund

Blume Ventures, an early-stage venture capital firm, is planning to raise its fifth fund with the aim of reaching around $1 billion in assets under management (AUM). The firm has invested in successful startups like Unacademy and Purplle. Founded in 2010 by Karthik Reddy and Sanjay Nath, Blume Ventures is known for its focus on early-stage investments.

Bottomline: PremjiInvest-backed TVS Credit sustains healthy AUM growth in FY24

VCCircle

VCCircle · 1y ago

Bottomline: PremjiInvest-backed TVS Credit sustains healthy AUM growth in FY24

TVS Credit Services, the non-banking finance subsidiary of TVS Motor Company, achieved a 24% increase in assets under management (AUM) for FY24. With support from PremjiInvest, the company's AUM reached Rs 25,900 crore as of March 31st, up from Rs 20,900 crore the previous year. This growth can be attributed to expansion across various product categories.

Bottomline: Varthana's FY24 AUM grows as pandemic tremors begin to recede

VCCircle

VCCircle · 12m ago

Bottomline: Varthana's FY24 AUM grows as pandemic tremors begin to recede

Varthana Finance, supported by private equity firms including ChrysCapital and Kaizen Private Equity, is witnessing growth in its assets under management (AUM) as the effects of the COVID-19 pandemic begin to fade. The company, led by CEO Steve Hardgrave, is recovering from the disruptions caused by the pandemic and has shown positive signs in its financial performance. With investors such as Bahram Vakil and Pramod Bhasin, Varthana Finance is on a path to recovery and success.

Nuveen-backed FlexiLoans plans pre-IPO round, aims for $1 bn AUM

VCCircle

VCCircle · 9m ago

Nuveen-backed FlexiLoans plans pre-IPO round, aims for $1 bn AUM

Nuveen-backed FlexiLoans is preparing for a pre-IPO funding round as it aims to reach $1 billion in assets under management (AUM). The MSME-focused lender previously raised $34.5 million in a series C funding round. The company plans to launch an initial public offering (IPO) in the fiscal year ending March 2028.

Lenskart Pitches to Bankers for $1 Bn IPO, Seeks $7 Bn Valuation

OutlookIndia

OutlookIndia · 7m ago

Lenskart Pitches to Bankers for $1 Bn IPO, Seeks $7 Bn Valuation

Lenskart, an eyewear start-up, is planning an Initial Public Offering (IPO) to raise between $750 million to $1 billion, targeting a valuation of $7 to $8 billion. This move aligns with the trend of tech companies in India planning IPOs, with around 25 start-ups expected to go public in 2025. Lenskart aims to join the likes of Swiggy and Paytm. Its recent financials reflect significant revenue growth and a reduction in losses.

Nisus Finance targets $1 bn AUM in three years with IPO push

VCCircle

VCCircle · 8m ago

Nisus Finance targets $1 bn AUM in three years with IPO push

Mumbai-based investment management firm Nisus Finance aims to raise its assets under management (AUM) to $1 billion in the next three years. The company, led by former Essel Group and Knight Frank executive Amit Goenka, plans to achieve this growth through an initial public offering (IPO) push. Nisus Finance is gearing up to expand its base and diversify its offerings in order to attract more investors.

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