funding Archives

Unacademy Co-founder Hemesh Singh Steps Down as CTO to Transition into Advisory Role

Hemesh Singh, the co-founder and Chief Technology Officer (CTO) of the prominent edtech company Unacademy, has announced his departure from his executive role. Singh, who played a pivotal part in shaping the

June 8, 2024

Asian Development Bank Ready to Invest in India’s Space Sector, Emphasizes VP Bhargav Dasgupta

The Asian Development Bank (ADB) is poised to extend its funding to India’s burgeoning space sector, announced Vice President Bhargav Dasgupta on Friday. Alongside its focus on climate finance to mitigate risks,

May 3, 2024

Business

IEG Applies Anew for License Renewal after Procedural Lapse Results in FCRA Cancellation

The Institute of Economic Growth (IEG) has recently found itself in the midst of administrative hurdles, as its license under the Foreign Contribution (Regulation) Act (FCRA) was canceled due to procedural lapses.

April 30, 2024

India·Latest News

AdaniConneX Secures $1.4 Billion Investment to Fuel Green Data Center Expansion

AdaniConneX, a joint venture equally owned by Adani Enterprises and EdgeConneX of the US, has secured a substantial investment of up to $1.44 billion (~11,520 crore) to propel its ambitious plans for

April 28, 2024

Business

Indian NBFC Trio Eyes Dollar Bond Issuance to Boost Funds, Amid Tight Liquidity

Amid tightening liquidity conditions and rising funding costs, three prominent Indian non-banking finance companies (NBFCs) – Manappuram Finance, Muthoot Finance, and state-run REC – are gearing up to raise funds through dollar

April 27, 2024

Business

Indian NBFCs Eye Dollar Bonds to Raise Funds Amid Tight Liquidity Conditions

Amid tight liquidity conditions and increasing funding costs in the Indian financial sector, three major non-banking finance companies (NBFCs) are gearing up to tap into the international market with dollar bond issues,

April 26, 2024

Business

Private Credit Surges as India Inc Seeks Funding for New Ventures, PwC Reports

Private Credit Surges as India Inc Seeks Funding for New Ventures, PwC Reports Private credit is swiftly becoming the go-to financing option for projects in India, as highlighted by top officials at

April 24, 2024

Business

ArcelorMittal Nippon Steel India Pursues $1 Billion Loan for Expansion Drive

ArcelorMittal Nippon Steel India, a prominent joint venture between global steel giants, is currently in discussions with several banks to secure a loan of approximately Rs 8,500 crore ($1 billion). This move

April 23, 2024

Business

Accel’s Atoms 3.0 Unveils 8 Promising Startups in AI and Industry 5.0 Domains

Accel’s Atoms 3.0 accelerator program has recently introduced eight dynamic startups, marking the launch of its third cohort. Specializing in the realms of AI and Industry 5.0, Atoms 3.0, a sector-focused initiative,

March 29, 2024

Business·India

AdOnMo Secures INR 58 Cr Funding Boost, Set to Expand Business Horizons

In a significant stride towards its expansion plans, adtech startup AdOnMo has successfully raised a substantial sum of INR 58.21 Cr ($6.99 Mn) in its latest Series B1 funding round. Backed by

March 27, 2024

Business