🚀 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
Spotlight: Slowdown in deals, shrinking loan book hits Avendus as I-banking remains backbone
VCCircle
·
1y ago
Medial
Avendus Capital, backed by KKR, is facing a slowdown in deals and a shrinking loan book, impacting its performance. Despite its diversification into wealth, asset management, and lending, the company is still heavily reliant on investment banking. Pro Ranu Vohra, co-founder and executive vice chairman of Avendus, had previously expressed the company's ambition to reduce this dependence. However, it appears that Avendus has yet to achieve its desired level of consistency in performance across its various verticals.
View Source
Related News
Dealmaking to jump in 2024 but don’t expect irrationality: Avendus’ Neeraj Shrimali
VCCircle
·
1y ago
Medial
According to Neeraj Shrimali, the Managing Director and Co-head of Digital and Technology Investment Banking at Avendus, dealmaking in India is expected to pick up in 2024 after a slowdown caused by global geopolitical concerns and weak macroeconomic conditions in 2023. However, he cautions against expecting irrationality in deals. Avendus was the leading investment bank in India in 2023.
View Source
Spotlight: How Actis-owned Profectus plans to revive growth after hitting a bump
VCCircle
·
7m ago
Medial
Profectus Capital Pvt. Ltd, an Indian non-banking finance company owned by British private equity firm Actis, is experiencing a significant slowdown in profit growth due to halted loan growth and rising bad debts. Despite these challenges, the company is recalibrating its business strategy to revive growth. CEO KV Srinivasan is steering efforts to stabilize the company’s financial health and ensure sustainable development in response to the current fiscal pressure.
View Source
Avendus set to hit first close of third late-stage investment fund
VCCircle
·
7m ago
Medial
Avendus Capital, a Mumbai-based investment banking and asset management firm, is expected to achieve the first close of its third alternative investment fund, the Avendus Future Leaders Fund III. The firm is focused on private market deals and is set to make an announcement soon about the fund's progress.
View Source
Bottomline: NIIF-backed Aseem Infra's profit jumps on growth in loan book, strong asset quality
VCCircle
·
8m ago
Medial
Aseem Infrastructure Finance, backed by NIIF, has reported a significant increase in profit due to its growing loan book and strong asset quality. Starting with a loan book of Rs 1,588 crore in 2020-21, the company now manages assets worth over Rs 14,500 crore. The non-banking finance company has shown impressive growth in just four years of its lending operations. CEO Virender Pankaj reflects on the company's success.
View Source
Equirus Group receives RBI approval to launch NBFC; targets Rs 3,000 crore loan book
IndianStartupNews
·
1d ago
Medial
Equirus Group has received approval from the Reserve Bank of India to launch its non-deposit-taking Non-Banking Financial Company, Equirus Finance. This expansion aims to integrate its wealth management, investment banking, and equities businesses, offering lending products such as Loan Against Securities and ESOP financing tailored for high-net-worth individuals and corporates. The NBFC seeks to establish a diversified loan book of Rs 3,000 crore, emphasizing a client-centric approach with seamless advisory and funding solutions.
View Source
Credit growth takes a beating in first quarter
Economic Times
·
1m ago
Medial
In the June quarter, Indian banks experienced slow credit growth, with private lenders growing at less than half of the previous year's rate. HDFC Bank, for instance, saw a loan book expansion of just 6.7%, a decrease from 14.9% the previous year. Public sector banks fared slightly better due to aggressive loan pricing. The slowdown is attributed to corporations accessing capital markets for cheaper funds, resulting in a surge in resource mobilization and reduced reliance on bank credit.
View Source
Banks are stepping up partnerships with startups: Axis Bank’s New Economy Group head Sanjiv Bhatia
Livemint
·
8m ago
Medial
Private banks in India, such as Axis Bank, are actively working to establish strong relationships with startups by offering various services including credit, technology assistance, and networking. Axis Bank's New Economy Group (NEG) focuses on meeting the banking needs of startups and has become a crucial player in India's startup ecosystem. The bank holds relationships with 67% of Indian unicorns and has a loan book of ₹2,000 crore from startups. While banks are becoming more supportive of startups, their risk appetite remains lower compared to venture debt providers.
View Source
Avanti Finance secures $14.2 million in equity funding from Dia Vikas Capital and existing investors
Economic Times
·
8m ago
Medial
Avanti Finance, a non-banking finance company focused on financial inclusion, has secured $14.2 million in equity funding. The funding comes from social investor Dia Vikas Capital and existing investors. Avanti Finance provides small-ticket income generation loans to micro enterprises and urban gig workers. The company aims to use the funding to increase its loan book, enhance its technology capabilities, and expand its customer channels. Despite facing an increase in gross bad loans, Avanti Finance remains hopeful for improvements in the microfinance sector in the coming quarters.
View Source
Satya Nadella-backed Groww NBFC expands loan book to $115 million
Inshorts
·
10m ago
Medial
Groww Creditserv, the non-banking financial company owned by investment platform Groww, had built a proprietary loan book of ₹965 crore ($115 million) as of June 2024, as per a report by credit rating agency ICRA. This is a notable bump from ₹731 crore ($87 million) as of March 2024.
View Source
Bottomline: PE-backed Kogta Financial’s loan book soars past $500 mn mark
VCCircle
·
12m ago
Medial
Non-banking financial company Kogta Financial, supported by private equity firms such as Morgan Stanley PE Asia and Multiples PE, has achieved a significant milestone by surpassing the $500 million mark in its loan book. The company reported positive growth for all its financial metrics in the fiscal year 2024. With its primary focus on lending, Kogta Financial continues to expand its presence in the financial sector.
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
/indianstartupnews/media/agency_attachments/s1FnhAYONODoxNkoC8xA.png)
