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Warburg-backed Perfios weighing $500 million IPO

Economic Times

Economic Times · 1y ago

Warburg-backed Perfios weighing $500 million IPO

Perfios, a fintech startup backed by Warburg Pincus, is reportedly considering an initial public offering (IPO) worth $500 million. The company, which provides digital financial analysis solutions to banks and other financial institutions, is said to be in talks with potential advisors for the IPO. Perfios aims to leverage the growing demand for digital financial services in India and expand its product offerings.

Related News

Warburg Pincus-backed Fortegra Group aims to raise $324 million in US IPO

Reuters · 1y ago

Warburg Pincus-backed Fortegra Group aims to raise $324 million in US IPO

Fortegra Group, backed by private equity firm Warburg Pincus, plans to raise up to $324 million through an initial public offering (IPO) in New York. The specialty insurance company aims to sell 18 million shares priced between $15 and $18 each. The IPO will be led by Goldman Sachs, JPMorgan, Jefferies, and Barclays.

Bengaluru's Perfios becomes India's newest unicorn after raising $80 million

IndianStartupNews

IndianStartupNews · 1y ago

Bengaluru's Perfios becomes India's newest unicorn after raising $80 million

Bengaluru-based fintech SaaS startup Perfios has raised $80 million in a funding round led by Teachers’ Venture Growth, making the company a unicorn with a valuation of over $1 billion. The funds will be used for international expansion and technological advancements, with the aim of supporting end-to-end customer journeys across banking, insurance, and embedded commerce. Perfios is also considering inorganic growth opportunities and potentially planning a $500 million IPO on Indian bourses. The company offers software solutions to the banking, financial services, and insurance sectors, helping to streamline processes and provide data for faster decision-making.

Bottomline: PE-owned Vistaar’s AUM crosses $500 mn, NPAs stay under control

VCCircle

VCCircle · 5m ago

Bottomline: PE-owned Vistaar’s AUM crosses $500 mn, NPAs stay under control

Vistaar Financial Services Pvt. Ltd, backed by private equity firm Warburg Pincus, successfully grew its assets under management (AUM) to over $500 million while maintaining controlled non-performing assets (NPAs). This growth highlights the company's effective strategy in expanding its portfolio without compromising asset quality. Under the leadership of MD and CEO Avijit Saha, Vistaar Finance continues to demonstrate robust financial management and operational efficiency, marking a significant achievement in the non-bank lending sector.

Warburg, True North-backed Home First Finance raises $146 mn

VCCircle

VCCircle · 3m ago

Warburg, True North-backed Home First Finance raises $146 mn

Home First Finance, backed by Warburg Pincus and True North, raised Rs 1,250 crore ($146 million) through an equity shares qualified institutional placement. Issuing 13 million shares, this marks its first equity fundraising since its 2021 IPO. The renowned foreign and domestic investors participating included International Finance Corporation and HDFC Asset Management Company. CEO Manoj Viswanathan stated this capital will bolster Home First’s capital base, enhancing expansion and customer engagement in affordable housing finance.

How Warburg, Kedaara, IFC's bet played out as Avanse seeks over $1.2-bn valuation

VCCircle

VCCircle · 1y ago

How Warburg, Kedaara, IFC's bet played out as Avanse seeks over $1.2-bn valuation

Avanse Financial Services, a company backed by private equity firms Warburg Pincus, Kedaara Capital, and IFC, is preparing for its initial public offering (IPO). With a valuation target of over $1.2 billion, the IPO will offer an opportunity for the investors to exit. Avanse Financial Services is a non-banking financial company that specializes in providing education loans.

Warburg Pincus-backed boAt revives IPO plan, taps bankers

VCCircle

VCCircle · 6m ago

Warburg Pincus-backed boAt revives IPO plan, taps bankers

boAt, an audio products and wearables brand backed by Warburg Pincus, is preparing to revive its initial public offering (IPO) plans after more than two years. The company has engaged bankers to facilitate the process. Previously, boAt had shelved its IPO plans but is now looking to go public, highlighting a strategic move towards expanding its financial and market reach.

Ecom Express sets the ball rolling for Rs 3,000-crore IPO

Economic Times

Economic Times · 1y ago

Ecom Express sets the ball rolling for Rs 3,000-crore IPO

Indian logistics company Ecom Express is reportedly planning to raise Rs 3,000 crore ($402 million) through an initial public offering (IPO). The Warburg Pincus-backed firm has appointed Kotak Capital, IIFL, Axis Capital, and UBS as its bankers for the IPO. Ecom Express is expected to file its draft red herring prospectus soon. The company had previously postponed its planned public listing in 2022 due to market conditions. In FY2023, Ecom Express reported a 20% increase in revenue, reaching Rs 2,548 crore, but also a loss of Rs 375 crore.

Avanse Financial looks to raise $250 million in private round after shelving IPO

Livemint

Livemint · 18d ago

Avanse Financial looks to raise $250 million in private round after shelving IPO

Avanse Financial Services, an NBFC backed by Kedaara Capital and Warburg Pincus, is planning to raise $200-250 million through a private funding round after shelving its IPO plans due to market volatility. Known for dominating the overseas education loan sector in India with HDFC Credila Financial Services, Avanse's funding round will be primarily secondary, facilitated by recent capital infusions from existing investors such as Kedaara Capital, Mubadala Investment Company, and Avendus PE Investment Advisors.

Avanse Financial shortlists bankers ahead of IPO; GMR Airports raises debt

VCCircle

VCCircle · 1y ago

Avanse Financial shortlists bankers ahead of IPO; GMR Airports raises debt

Avanse Financial Services, backed by Warburg Pincus, Kedaara Capital, and the International Finance Corporation, has shortlisted six bankers for its upcoming IPO. The Mumbai-based education loan non-banking company plans to raise Rs 4,000 crore through the IPO. Kotak Mahindra has been chosen as one of the shortlisted bankers. In another news, GMR Airports has raised debt for its ongoing airport expansion projects.

Capillary Tech to file IPO documents by October; Warburg, others to trim stake

Livemint

Livemint · 1m ago

Capillary Tech to file IPO documents by October; Warburg, others to trim stake

Capillary Technologies plans to file for an IPO by October, aiming for a public listing this fiscal year. Key investors Warburg Pincus and Avataar Ventures will partially sell their stakes to comply with public shareholding norms. The IPO involves ₹2,250 crore, comprising a ₹500 crore fresh issue and a ₹1,750 crore offer for sale by current investors. This move marks Capillary's second attempt at going public, enhancing its loyalty management and customer engagement solutions.

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