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Aye Finance Secures INR 110 Cr in Debt Ahead of IPO Delhi, India- IPO-bound lending tech startup Aye Finance has successfully secured INR 110 Cr (approximately $12.8 Mn) in debt from a group of investors, including Northern Arc, ASK Financial Holdings, MAS Financial Services, and CredAvenue. In an exchange filing dated December 31, the non-banking financial company (NBFC) announced that its board had approved the issuance of 1,000 non-convertible debentures (NCDs) with a face value of INR 1 Lakh each in two tranches to raise the funds. Earlier, in a separate filing with the Bombay Stock Exchange (BSE) on December 20, Aye Finance had stated its intention to use the funds to expand its NBFC operations. This latest round of debt financing comes just days after the lending tech startup filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a INR 1,450 Cr initial public offering (IPO).
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Ahead of filing its draft red herring prospectus (DRHP), consumer services unicorn Urban Companyโs founders cumulatively sold shares worth nearly INR 779.08 Cr through secondary transactions. According to the DRHP filed with SEBI on April 28 for a p
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Amazon Injects INR 350 Cr Into Amazon Pay India To Boost UPI Presence Ecommerce giant Amazon has infused INR 350 Cr into its digital payments arm, Amazon Pay India, as part of its efforts to strengthen its footprint in the countryโs competitive UPI
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This is about the HDB Financial Services IPO, which is HDFC Bankโs NBFC arm. The โน12,500 crore IPO opens June 25โ27, 2025, with shares priced between โน700โ740 each, and itโs Indiaโs biggest NBFC IPO ever. HDFC Bank will reduce its stake from 94% to 7
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Airtel Payments Bankโs consolidated net profit jumped 82.6% to INR 63 Cr in the financial year ended March 31, 2025 (FY25) from INR 34.5 Cr in the previous fiscal year, driven by strong adoption of digital banking solutions. In Q4 FY25, its profit i
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Electric cab-hailing startup BluSmart Mobility is reportedly grappling with a cash crunch, which caused the Delhi NCR-based company to default on INR 30 Cr of debt in early February. ๐ฐ BluSmart, which is in the middle of raising about INR 434 Cr in
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Indore-based Shuru, a hyperlocal community app launched by Roposo cofounder Mayank Bhangadia, has raised INR 29 Cr (around $3.37 Mn) in a funding round led by South Korean gaming major KRAFTONโs India arm, with participation from Omidyar Network Indi
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Dronetech company IdeaForge reported its third consecutive loss-making quarter in FY25. The company reported a consolidated net loss of INR 25.7 Cr in Q4 FY25, up 7% from INR 24 Cr loss it reported in the previous quarter. ideaForge had posted a net
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Ecommerce SaaS company Unicommerce reported a 17% uptick in its consolidated net profit at INR 3.4 Cr in Q4 FY25 from INR 2.9 Cr in the same period last year. However, the companyโs profit slumped 46% quarter-on-quarter (QoQ) from INR 6.3 Cr. The to
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