Latest news with #KedaaraCapital
Economic Times
18-06-2025
- Business
- Economic Times
Spandana Sphoorty Financial plans Rs 750-crore capital raise with Kedaara Capital's equity infusion
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Kolkata: Microfinance lender Spandana Sphoorty Financial is exploring possibilities of equity infusion from principal shareholder Kedaara Capital through a rights issue of shares within the proposed Rs 750-crore capital raise Equity infusion from the promoter may boost the sagging confidence of other investors in the ailing microfinance company. Fusion Finance , for instance, saw more than a 50% jump in market capitalisation after its principal shareholder, Warburg Pincus, led a Rs 800-crore infusion via a rights suffered a Rs 1035 crore annual net loss in FY25 while its gross bad loan ratio jumped to 5.63% of the total portfolio, reflecting the overall stress in the microfinance sector The company has formed a capital raising committee which is exploring the rights issue option, a person familiar with the matter company didn't respond to ET's queries until the publication of this interim chief executive Ashish Damani told analysts in a post-earning call last month that the rights issue would be done with the promoter participation."What we presently understand is, you know, they have confirmed their participation," he Capital holds 48.13% in Spandana through funds named Kedaara Capital Fund III LLP and Kangchenjunga Ltd. However, questions have been raised by a few analysts on its participation since it has a scheduled exit by September 2026. It has already received a one-year extension."Our equity raise plans are pretty much on track. We have received shareholder approval for capital raise during March for up to Rs 750 crore. The board committee has been formed to oversee this capital raise, including a possible rights issue in Q2 FY '26," Damani said during the share price plunged 65% in the past one year to Rs 267 from Rs 795, as investors lost interest in Finance, another NBFC-MFI under immense stress, saw its share price falling to a one-year low of Rs 124 but it recovered to Rs 195.95 at the end of Wednesday after equity infusion through the rights issue, people tracking the sector said. Its one-year high was Rs entire microfinance ecosystem has been reeling under stress over the past one year due to high customer overleveraging, collapsing of the joint liability model and rising staff attrition. The sector was sitting on a heap of Rs 61000 crore of gross non-performing assets (including the written-off loans) at the end of March.
Time of India
18-06-2025
- Business
- Time of India
Spandana Sphoorty Financial plans Rs 750-crore capital raise with Kedaara Capital's equity infusion
Kolkata: Microfinance lender Spandana Sphoorty Financial is exploring possibilities of equity infusion from principal shareholder Kedaara Capital through a rights issue of shares within the proposed Rs 750-crore capital raise . Equity infusion from the promoter may boost the sagging confidence of other investors in the ailing microfinance company. Fusion Finance , for instance, saw more than a 50% jump in market capitalisation after its principal shareholder, Warburg Pincus, led a Rs 800-crore infusion via a rights issue. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top Internet Deals for Your Home – 2025 Edition Search7 Learn More Undo Spandana suffered a Rs 1035 crore annual net loss in FY25 while its gross bad loan ratio jumped to 5.63% of the total portfolio, reflecting the overall stress in the microfinance sector . The company has formed a capital raising committee which is exploring the rights issue option, a person familiar with the matter said. The company didn't respond to ET's queries until the publication of this report. Live Events However, interim chief executive Ashish Damani told analysts in a post-earning call last month that the rights issue would be done with the promoter participation. "What we presently understand is, you know, they have confirmed their participation," he said. Kedaara Capital holds 48.13% in Spandana through funds named Kedaara Capital Fund III LLP and Kangchenjunga Ltd. However, questions have been raised by a few analysts on its participation since it has a scheduled exit by September 2026. It has already received a one-year extension. "Our equity raise plans are pretty much on track. We have received shareholder approval for capital raise during March for up to Rs 750 crore. The board committee has been formed to oversee this capital raise, including a possible rights issue in Q2 FY '26," Damani said during the call. Spandana's share price plunged 65% in the past one year to Rs 267 from Rs 795, as investors lost interest in it. Fusion Finance, another NBFC-MFI under immense stress, saw its share price falling to a one-year low of Rs 124 but it recovered to Rs 195.95 at the end of Wednesday after equity infusion through the rights issue, people tracking the sector said. Its one-year high was Rs 483. The entire microfinance ecosystem has been reeling under stress over the past one year due to high customer overleveraging, collapsing of the joint liability model and rising staff attrition. The sector was sitting on a heap of Rs 61000 crore of gross non-performing assets (including the written-off loans) at the end of March.
Entrepreneur
10-06-2025
- Business
- Entrepreneur
American Capital to Continue Flowing into India: Reports
American VC continues to be a key contributor to this trend, with US-based private equity giants like Blackstone planning a USD 25 billion India PE portfolio over five years, citing the country's stable regulations and immense growth in digital infrastructure. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. According to a Bain & Company – IVCA report, India's private equity and venture capital (PE‑VC) ecosystem rebounded in 2024, crossing USD 43 billion across 1,600 deals, a solid 9 per cent year‑on‑year increase after two years of decline. The report attributed the rebound to being largely driven by robust investments in the digital space, fintech, and healthtech sectors. American VC continues to be a key contributor to this trend, with US-based private equity giants like Blackstone planning a USD 25 billion India PE portfolio over five years, citing the country's stable regulations and immense growth in digital infrastructure. At an earlier IVCA Summit held in Mumbai, Mukesh Mehta, Senior Director, Blackstone, said that valuations in the IPO market were double what the PE market offered. Manish Kejriwal, founder and managing partner at Kedaara Capital, predicted that the second half of 2025 will be a buyer's market and deal flow should accelerate, as reported by Reuters. The remarks underscore US-backed capital's belief in India's growth potential, even if public exit routes slow down. VC and growth investments surged by approximately 40 per cent, clocking 14 billion, driven by a sharp increase in deal volumes. The number of VC deals rose from 880 in 2023 to 1,270 in 2024, with a 2x jump in consumer tech funding to approximately USD 6 billion. In contrast, PE investments remained steady at USD 29 billion, as funds contended with higher valuations driven by buoyant public markets. Furthermore, India became the Asia-Pacific region's second-largest PE-VC destination with a 20 per cent share of total investment, displaying growing investor confidence in the country's macroeconomic stability. Karan Agarwal, Director, Wilson & Hughes, said that India's IPO landscape in 2025 reflects a more measured and mature ecosystem. "We're seeing founders treat the public markets as a long-term partnership, not just an exit. There's a clear shift from chasing sky-high valuations to prioritising governance, profitability, and market fit. For investors, this signals a healthier pipeline of companies that are built to last, not just list. It's a positive sign for India's capital markets and the broader entrepreneurial economy," said Agarwal. In 2024, U.S.-backed funds fueled a rebound, contributing to the overall USD 43-56 billion flow. While Q1 2025 brought a slight dip, seasoned US. Investors remain bullish on opportunities across fintech, deeptech, healthcare, and digital infrastructure.
Time of India
11-05-2025
- Business
- Time of India
Indian startups secure $585.71 million in funding this week
New Delhi: In a significant surge, Indian startups collectively raised approximately USD 585.71 million this week, marking a substantial increase from the USD 102.93 million secured the previous week. This uptick reflects a growing investor confidence and interest in India's burgeoning startup ecosystem. The majority of this funding was directed towards growth-stage companies, with notable investments including Porter, an on-demand goods transport agency, which secured USD 200 million in its Series F funding round. This round was led by Kedaara Capital and Wellington Management, propelling Porter into the unicorn club. Other significant growth-stage investments encompassed automotive company Routemotic, which raised USD 40 million in its Series C round, and interior design startup Flipspaces, which secured USD 35 million led by Iron Pillar. Additionally, logistics firm Celcius Logistics, foodtech company The Good Bug, and e-commerce startup Blissclub also attracted substantial investments this week. On the early-stage front, 20 startups collectively raised USD 263.41 million. Healthcare company PB Healthcare led this segment with an impressive USD 218 million seed round, backed by General Catalyst. Other early-stage startups that garnered funding include robotics company Posha, edtech firm Footprints, spacetech startup InspeCity, commercial vehicle platform 91Trucks, and proptech company Alt DRX. Geographically, Delhi-NCR-based startups led the funding race with 11 deals, closely followed by Bengaluru with 10 deals. Startups from Mumbai and Chennai also secured investments, indicating a diverse and widespread entrepreneurial activity across the country. Sector-wise, healthtech startups emerged as the most attractive to investors, securing four deals. Logistics and foodtech sectors followed with three deals each, while artificial intelligence, automotive, decor, and robotics sectors also saw investor interest. Meanwhile, in the previous week, the Indian startups had raised approximately USD 102.93 million across 25 deals, with strong contributions from early-stage and growth-stage companies. Bengaluru and Delhi-NCR-based startups led the funding race last week, with seven deals each, followed by Mumbai and Chennai.
Entrepreneur
10-05-2025
- Business
- Entrepreneur
Investor Favorites This Week: Meet the Startups Making Headlines
The below startups secured the highest funding this week, leading the charts from May 03 to May 09. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's startup landscape buzzed with fresh activity this week as innovative ventures secured significant funding across logistics, mobility, wellness, femtech, and AI-driven consumer technology. The deals underscore a robust investor appetite for scalable, tech-forward solutions aimed at modern-day urban challenges and lifestyle transformation. Porter Funding Amount: USD 200 Million Investors: Kedaara Capital, Wellington Management, Vitruvian Partners Founded in 2014 by Pranav Goel, Uttam Digga, and Vikas Choudhary—all IIT alumni—Porter is a Bengaluru-based logistics platform that streamlines intra-city freight and delivery. The company offers a wide range of services, including on-demand mini-trucks, enterprise logistics, and household packers and movers. Porter serves both B2B and B2C segments, making city logistics faster, affordable, and tech-driven. Routematic Funding Amount: USD 40 Million Investors: Fullerton Carbon Action Fund, Shift4Good Bengaluru-based Routematic, founded in 2013, delivers AI-powered corporate mobility solutions. The platform integrates SaaS-based commute management with Transport-as-a-Service (TaaS), enabling real-time dispatch, automated routing, and effective demand-supply matching. Its solutions have proven to reduce operational costs and improve commuter safety for large organisations. The Good Bug Funding Amount: USD 12 Million Investors: Susquehanna Asia Venture Capital, Fireside Ventures Launched in 2022 by Keshav Biyani and Prabhu Karthikeyan, The Good Bug is a Mumbai-based gut health startup. Its offerings include synbiotics, probiotics, prebiotic fibers, and detox supplements, targeting common issues like bloating, constipation, and weight management. The brand taps into the growing demand for holistic wellness through science-backed nutrition. Posha Funding Amount: USD 8 Million Investors: Accel, Xeed Ventures, Waterbridge Ventures, Binny Bansal, Asha Jadeja Motwani, Samay Kohli, Akash Gupta Formerly known as Nymble, Bengaluru-based Posha was founded in 2016 by Raghav Gupta and Rohin Malhotra. The company offers an AI-enabled kitchen robot that automates home cooking. With camera and thermal sensors, it personalises recipes and prepares over 500 dishes across 10+ cuisines, giving busy families an effortless way to eat healthy and delicious meals. BlissClub Funding Amount: USD 5.3 Million Investors: Elevation Capital, Eight Roads Ventures, Alteria Capital Founded in 2020 by Minu Margeret, BlissClub is a Bengaluru-based D2C femtech brand. It focuses on "movewear" for women—an activewear-meets-lifestyle line that includes leggings, tops, outerwear, and travel wear. With performance and style at its core, the brand is building a loyal community of health-conscious women. As these startups gear up for their next phase of growth, this week's funding surge reflects the resilience and adaptability of India's innovation ecosystem, where bold ideas backed by capital continue to reshape the way we live, move, and consume.
