Tag Archives: fund raising

CreditAccess Asia Planning IPO ?

Netherlands-based Asian microfinance holding company CreditAccess Asia is reportedly planning to invest Rs.1000 crore in Asia, including India where its subisdiary Grameen Koota is fourth largest in the country. CreditAccess Asia (CAA) has recently raised about Rs 671 crore via equity capital, including Rs 212 crore from Asian Development Bank (ADB), funding from existing investor Olympus Capital Asia and another ...

Read More »

Ujjivan May Get Rs.260 Cr ($40 Mln) from IFC in 2 Days

Bangalore-based Ujjivan Financial Services may get a debt investment from the World Bank arm International Finance Corporation (IFC) to the tune of US$40 million (Rs.260 Crore) that may be announced after its Board meeting on Thursday. IFC’ debt support was an on-going infusion of funds into the microfinance company with which Ujjivan is expected to stabilize growth and manage liability ...

Read More »

GGF Partners with Ohridska Banka of Societe Generale Group, Provides EUR 4 Million

The Green for Growth Fund, Southeast Europe (GGF) is providing EUR 4 million in funding to Ohridska Banka, Société Générale Group for green funding. Macedonia imports over 40 percent of its primary energy; almost 80 percent of the electricity generated domestically stems from fossil sources, mainly coal. As one of the pioneers in the market, OBSG has recognized the importance ...

Read More »

Simplilearn portal raises $15 million

Leading technology education provider Simplilearn has raised $15 million (Rs.9.5 crore) in a fresh round of funding from three venture partners to fuel its growth plans and reach out to more customers worldwide. “Mayfield, Kalaari Capital and Helion Venture Partners participated in the third round of funding (series C), raising our cumulative paid-up capital to $27 million, including funds raised ...

Read More »

Bangalore’s Furniture Portal CapriCoast.com Gets Rs.8 Crore in Funding

Bangalore-based online modular furniture solutions provider CapriCoast.com on Monday announced raising of $1.25-million (Rs.8 crore) seed fund from venture capital firm Accel Partners India to expand its operations. “The seed fund will be used to expand our presence beyond Bengaluru to other metros like Ahmedabad, Chennai, Delhi, Hyderabad, Kolkata and Mumbai by this year-end,” CapriCoast founder chief executive Jawad Ayaz ...

Read More »

I Fund Honest Party: AAP Raises Rs 2 Crore, Kejriwal Says No one Can Influence AAP

The Aam Aadmi Party has generated Rs 2 crore within days after it launched the fund raising campaign, “#IFundHonestParty” challenge ahead of the Delhi Assembly poll. While the party has a target of Rs 30 crore, Rs 2 crore has been raised from 4,500 people through the fund raising challenge. National Secretary of AAP, Pankaj Gupta reportedly said, “The #IFundHonestParty ...

Read More »

Xiaomi Registers 135 % More Revenue in 2014, Reveals CEO Lei Jun

Now that the figures are out, Chinese mobile maker Xiaomi Technology Ltd Co. said its pre-sales revenue stands $11.97 billion, an increase of 135% compared to its revenues in 2013, confirmed its CEO Lei Jun. Just three months ago Xiaomi was declared the third largest mobile maker in the world after Apple and Samsung, surpassing the Huawei, another Chinese firm ...

Read More »

AAP Launches Fund Party Challenge, Kejriwal Names 11 Nominees

After the social media driven challenge campaigns, Aam Aadmi Party chief Arvind Kejriwal came up with another challenge campaign by launching “I Fund Honest Party Challenge” on Saturday. Kejriwal kicked off the campaign by donating Rs 10,000 to the fund and nominating 11 others including his family members to donate party’s poll campaign. Kejriwal said, “I am kickstarting this campaign ...

Read More »

Kim Kardashian’s app to aid AIDS research

Reality TV star Kim Kardashian is “thrilled” to help in the fight against AIDS by raising money through exclusive content on her “Kim Kardashian: Hollywood” application. The 34-year-old is working with multinational corporations Apple and (RED) in honour of World AIDS Day Dec 1. Through her app, she’s offering exclusive new content and funds of all the in-app purchases will ...

Read More »