🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
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.
View Source
Related News
Companies News Today Live Updates on February 6, 2025: Sify’s data centre unit hires bankers for a ₹3,000 crore IPO
Livemint
·
6m ago
Medial
Sify's data center unit is planning a ₹3,000 crore IPO and has hired bankers to facilitate this. Meanwhile, live updates on February 6, 2025, cover recent developments in company financial performances, strategic acquisitions, and market dynamics. These updates provide insights into mergers, financial results, and leadership changes impacting various industries, reflecting how businesses are navigating the shifting market landscape. This snapshot helps stakeholders stay informed about key industry movements.
View Source
LG Electronics mulls Indian unit IPO; Bluestone eyes unicorn status
VCCircle
·
1y ago
Medial
LG Electronics is reportedly considering an IPO for its Indian unit, LG Electronics India Pvt Ltd. The IPO, if approved, could potentially raise over $500 million. LG Electronics has enlisted JP Morgan and Morgan Stanley to assess the potential offering. However, discussions are in the early stages, and the plan is subject to change.
View Source
AMD to cut 4% of global workforce as it focuses on AI chip development
Economic Times
·
8m ago
Medial
Advanced Micro Devices (AMD) plans to lay off approximately 1,000 employees, roughly 4% of its global workforce, as it focuses on developing artificial intelligence (AI) chips to compete against Nvidia. The company aims to capture a share of the lucrative market for chips used in data centers for generative AI technology. AMD's data center segment, which includes its AI graphics processors, experienced significant revenue growth in the September quarter, while sales in its gaming unit slumped. Analysts expect the data center unit to grow significantly in 2024. AMD is heavily investing in AI chip development but faces challenges with manufacturing capacity.
View Source
Meta plans first data centre in India to meet growing demand for Reels
Livemint
·
1y ago
Medial
Meta Platforms is reportedly considering setting up its first data center in India to meet the growing demand for its short video feature, Reels. The social media giant is expected to conduct a feasibility study of the project in early 2024. The investment in the data center is estimated to be around ₹500-1,200 crore ($67-161 million), with the aim of delivering an enhanced user experience to Indian consumers. The move comes as India has become a crucial market for Instagram, particularly after the ban on TikTok in 2020.
View Source
Matrix Gas & Renewables aims to raise up to $143 mn in IPO
VCCircle
·
10m ago
Medial
- Matrix Gas & Renewables, a unit of Gensol Group, aims to raise $119-$143 million through an IPO. - The company plans to file for its IPO next year, taking advantage of the booming Indian IPO market. - Matrix Gas & Renewables aims to develop 1,000 megawatts of green hydrogen projects in the next three years. - The company plans to raise capital expenditure of 35 billion rupees through a mix of 70% debt and 30% equity. - Over 250 Indian companies have already raised more than $9 billion through IPOs in 2023, surpassing last year's total.
View Source
Gaja Capital set to become first Indian PE firm to go public with ₹500 cr IPO
Livemint
·
6m ago
Medial
Gaja Capital plans to raise ₹500-600 crore through an IPO, marking it as the first standalone Indian private equity firm to go public. They've appointed JM Financial and IIFL Securities as merchant bankers for the process. Expected by June 2025, the IPO will issue fresh shares. Transitioning to a public limited company, Gaja aims to scale globally, diversify its business, and enhance its brand. Founded in 2004, it manages around $500 million across various sectors.
View Source
Blackstone teams up with Indian developer for third data center asset, largest in country
VCCircle
·
5m ago
Medial
Blackstone, a global private equity firm with significant investments in India, is expanding its presence in the country's data center market. Teaming up with an Indian developer, Blackstone plans to develop the largest data center asset in India. This move aligns with the company's strategy to grow its investments in various asset classes within the country. This new venture marks Blackstone's third data center project in India.
View Source
India's first unicorn InMobi has two IPOs on its menu now
Livemint
·
11m ago
Medial
InMobi's consumer tech unit, Glance, is expected to become profitable in the next fiscal year and may be listed separately thereafter. InMobi, India's first unicorn, plans to move its corporate headquarters from Singapore to India ahead of an IPO for its profitable ad tech business. Glance, which reaches 450 million smartphones, aims to reach one billion in the next three to four years. InMobi also plans to make larger acquisitions worth $500 million and above in the future. The company's core ad tech business has remained profitable, despite fluctuations due to the pandemic.
View Source
Indian startup Yotta Data seeks $500 million private credit to expand
Economic Times
·
7m ago
Medial
Indian startup Yotta Data Services is in talks to raise approximately $500 million to invest in its data center parks. The firm is negotiating with private credit funds like Oaktree Capital Management and has also held discussions with Cerberus Capital Management and Davidson Kempner Capital Management. Yotta's plan highlights the increasing need for capital in India's rapidly growing economy, which prioritizes infrastructure development. The company specializes in high-performance computing and aims to support corporations in developing their own AI services through its data centers. The fundraising is expected to be finalized by early 2025.
View Source
Swiggy, Hyundai, InCred in IPO news; Jupiter eyes SBM India
VCCircle
·
10m ago
Medial
Swiggy has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) of shares. The IPO is expected to be launched in November, with discussions underway with anchor investors. In other IPO news, Hyundai is reportedly considering an IPO for its robotics unit Hyundai Robo, while digital lender InCred is said to be planning a $250 million IPO in 2022. Additionally, digital banking platform Jupiter is eyeing an IPO to acquire the Indian unit of SBM Holdings.
View Source
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...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
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.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
