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Fractal Analytics Bags $170 Mn Via Secondary Sale At $2.4 Bn Valuation

India, July 15 -- In the run up to its IPO, Fractal Analytics has raised $170 Mn through a secondary share sale, valuing the SaaS unicorn at $2.44 Bn. The deal involved the sale of a 6% stake held by... Read More


[Update] Smartworks IPO: Issue Closes With 13.5X Oversubscription

India, July 14 -- Update | July 14, 08:42 PM The IPO of Smartworks closed with an oversubscription of 13.45X, with investors bidding for 13.9 Cr shares as against 1.04 Cr shares on offer. The portio... Read More


Exclusive: PayU India Bags INR 302 Cr From Prosus To Grow Credit Business

India, July 14 -- Prosus-owned fintech platform PayU India has raised INR 302 Cr (about $35 Mn) from its parent Prosus to shore up its credit business. As per the company's MCA filings accessed by In... Read More


Smartworks IPO: Issue Oversubscribed 13X On Day 3 So Far

India, July 14 -- Coworking company Smartworks' public issue witnessed bumper response from qualified institutional buyers (QIBs) and non-institutional investors (NIIs) on the final day of bidding, wi... Read More


ArisInfra Q4: Loss Declines 97%, Revenue Up 7% YoY To INR 221 Cr

India, July 14 -- ArisInfra saw its consolidated net loss decline by 97% to INR 0.51 Cr in the March quarter of the fiscal year 2024-25 (Q4 FY25) from INR 18.1 Cr in the year-ago quarter. Sequentiall... Read More


ArisInfra Q4 Loss Declines 97%

India, July 14 -- ArisInfra saw its consolidated net loss decline by 97% to INR 0.51 Cr in the March quarter of the fiscal year 2024-25 (Q4 FY25) from INR 18.1 Cr in the year-ago quarter. Sequentiall... Read More


Exclusive: Fractal Bags INR 49 Cr From Cofounder Srikanth Velamakanni

India, July 12 -- IPO-bound SaaS unicorn Fractal Analytics' cofounder and CEO Srikanth Velamakanni has invested INR 48.7 Cr (about $5.6 Mn) in the company. As per the company's regulatory filings, Ve... Read More


[Update] Smartworks IPO: Issue Oversubscribed 1.15X On Day 2

India, July 11 -- Update | July 11, 7:52 PM Coworking major Smartworks' IPO saw a warm response from investors on the second day and was fully subscribed. The issue was oversubscribed 1.15X at the en... Read More


India Should Position Itself As AI Use Case Capital: Vijay Shekhar Sharma

India, July 11 -- Reflecting on India's position in the global AI race, Paytm founder Vijay Shekhar Sharma has said that the country should position itself as the "AI use case capital" rather than foc... Read More


Smartworks IPO: Issue Subscribed 72% On Day 2 So Far

India, July 11 -- After ending the first day of its IPO with an overall subscription of 50%, driven primarily by the enthusiasm of non-institutional investors (NIIs), the second day of Smartworks' bid... Read More