Software-as-a-service (SaaS) fintech Zaggle Prepaid Ocean Services has raised a total of ₹98 crore ahead of its initial public offer (IPO). The fintech has undertaken a pre-IPO placement of 5,975,609 equity shares for Rs. 164 per equity share (including a share premium of Rs. 163 per equity share) aggregating to
NephroPlus is a dialysis care provider based in Hyderabad, Telangana. Started by Vikram Vuppala and Kamal D Shah in 2009, the company runs 308 dialysis centres across India, Nepal, Uzbekistan, and the Philippines. Earlier this month, NephroPlus signed a Rs 69.5 Crores financing package with Asian Development Bank (ADB) for
Logistics unicorn Delhivery raises $125 Mn from Lee Fixel’s Addition on September 24th. This round comes right after the $100 Mn from FedEx Express, and $275 Mn from Fidelity Management. This round concludes as the final one before filing a DRHP with the market regulator. Background What began in 2011
Freshworks an Indian SaaS company files its IPO listing on Nasdaq Exchange. Becomes the first to list on the US stock exchange. The proceeds from the IPO will go towards working capital, capital ex, acquisitions, and expenses. The Debut On 22nd Sept 2021, Freshworks made its debut in the US
Where the economy has been majorly affected by the pandemic, few sectors have found their silver lining. The online services sector has been thriving for the past financial year, and companies such as Swiggy, Zomato, Amazon, and Flipkart have seen immense growth in their revenues as more and more people
Every start-up might start small but always have big dreams to grow. Growth and business expansion require capital and promoters, as they have limited ability to raise capital on their own. Promoters might have limited capabilities of raising funds from their own savings or family and friends, and raising funds