Prøve GULL - Gratis
Avanse Financial Set to Raise $250 Million
Mint Kolkata
|July 22, 2025
Company May Postpone Its IPO in Favor of Private Fundraise
Avanse Financial Services Ltd, a non-banking financial company (NBFC) backed by Kedaara Capital and Warburg Pincus, is looking to raise $200-250 million in a private round in which some of its existing investors will sell part of their stakes, three people with knowledge of the development said.
The new round will be largely secondary, and will include a small primary component as the company is well capitalized following a capital infusion by Kedaara Capital (₹200 crore), Mubadala Investment Company (₹900 crore through its affiliate Alpha Investment Company LLC), Avendus PE Investment Advisors Pvt. Ltd (₹100 crore via its Avendus Future Leaders Fund II), and internal accruals in FY24.
Denne historien er fra July 22, 2025-utgaven av Mint Kolkata.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Kolkata
Mint Kolkata
Sugar Cosmetics set to raise ₹150 crore as losses widen
The beauty brand has been grappling with a severe cash crunch over the past six months
3 mins
May 14, 2026
Mint Kolkata
Empathy: the big revival that India requires right now
Ten years ago, only two or three students from a class of 30 would pass the class 10 board exam at this government school. Today, only two or three from a class of 60 do not.
3 mins
May 14, 2026
Mint Kolkata
Billboard has kept humans off its charts before: why not AI?
This tracker of musical hits must show how discerning it really is
3 mins
May 14, 2026
Mint Kolkata
Flex-fuel vehicle plan caught in dilemma
The government's push for flex-fuel vehicle rollout is facing a classic chicken-and-egg stalemate.
2 mins
May 14, 2026
Mint Kolkata
Govt preps higher MSP, coal-gas shift
Amid heightened global volatility and supply chain disruptions due to the West Asia war, the Union cabinet on Wednesday cleared a series of proposals to support India’s food and energy security, including higher minimum support prices (MSPs) for key kharif crops and a coal gasification incentive scheme to reduce dependence on imported fuel.
2 mins
May 14, 2026
Mint Kolkata
Berger up on sector revival cues
Berger Paints India Ltd’s shares soared over 4% on Wednesday as volume growth bounced back to double digits at 11.8% in the March quarter (Q4FY26) after a gap of six quarters.
2 mins
May 14, 2026
Mint Kolkata
In Street chaos, a tiny set of stocks sees big returns
Beneath the gloom gripping Indian equities, a quiet rally is reshaping parts of the market. Even as foreign investors pull money out, crude prices climb and benchmark indices struggle, a narrow band of companies tied to infrastructure, industrials and commodities is emerging as a winner.
2 mins
May 14, 2026
Mint Kolkata
Profit booking limits paper gold rally post duty hike
Bulls holding paper gold booked profits big time after the Centre hiked the gold import duty by 9 percentage points overnight to save on precious foreign exchange amid elevated oil prices induced by the West Asia impasse.
1 mins
May 14, 2026
Mint Kolkata
The cost of convenience for tap-to-book domestic help
Frequent change of helpers, surge pricing and slot shortages remain key pain points for users
3 mins
May 14, 2026
Mint Kolkata
Rupee may slide to 96-98 by December-end amid oil shock
The Indian rupee is sliding from one record low to another, but economists say assigning a precise trajectory to the currency has become increasingly difficult amid the US-Iran war and the resultant crude oil shock.
2 mins
May 14, 2026
Listen
Translate
Change font size