mergers & acquisitions
Mizuho Securities, a consolidated subsidiary of Mizuho Financial Group, has entered into an agreement with the majority shareholder of Avendus Capital Private Limited to acquire over 60% of the shares of Avendus, subject to regulatory approvals. After completion of the acquisition, Avendus will become a consolidated subsidiary of Mizuho Securities.
mergers & acquisitions
Ambit Global Private Client, the wealth management arm of the Ambit Group - one of India’s premier financial services conglomerates, announced a landmark strategic development. Daiwa Securities Group has entered into a definitive agreement to acquire a minority stake in Ambit Wealth Private Limited. This all-primary capital infusion of
lending
Credit Saison's financial results for the first half of fiscal year 2025 (H1 FY25) present a dual narrative that is crucial for investors to understand. On one hand, the company's core domestic operations demonstrated remarkable strength, driving business profit well beyond internal targets. On the other
debt financing
Nippon Export and Investment Insurance (NEXI) has provided loan insurance for back financing related to a loan extended by a venture debt fund to Hella Infra Market Singapore, a Singapore-based subsidiary of an Indian start-up company. This marks the first individual transaction under the framework agreement entered into by NEXI,
cross-border payments
NTT Data has signed a Memorandum of Understanding (MoU) with NPCI International Payments Limited, a subsidiary of the National Payments Corporation of India (NPCI). The MoU establishes the foundation to enable acceptance of Unified Payments Interface (UPI), India's leading real-time payment system for Indian tourists in Japan. This
corporate venture capital
Raise Financial Services, the innovative fintech company behind the popular stock trading and investing platform Dhan, has successfully concluded a significant Series B funding round, raising an impressive $120 million. This latest investment propels the Mumbai-based company into the coveted unicorn club, with a post-money valuation of $1.2 billion.
fintech
UNLEASH Capital Partners, a venture capital fund management company dedicated to driving financial inclusion, has announced the final close of its first fund at INR 300 crores (approximately USD 33 million), which was oversubscribed against the initial target. The fund, co-general partnered by Natsuki Sugai and Gojo & Company, is
banking
Sumitomo Mitsui Financial Group (SMBC Group) and Sumitomo Mitsui Banking Corporation (SMBC) have announced that, with regards to the agreement to acquire a 20% equity stake in YES BANK from State Bank of India and other financial institutions, all conditions precedent including regulatory approvals have been satisfied and this initial
venture capital
TransBnk has raised $25 million in its Series B funding round led by Bessemer Venture Partners, with participation from Arkam Ventures, Fundamentum Partnership, 8i Ventures, Accion Venture Lab, and GMO Venture Partners. This milestone marks a significant step in TransBnk’s journey to reshape the foundations of digital transaction banking.
lending
Mumbai-based digital lending startup Zype has raised Rs 90 crore ($10.2 million) in a fresh funding round led by Japanese venture capital firm Unleash Capital Partners. Existing investor Xponentia Capital also participated in the round. This round comes after the 2022-founded startup raised its first major institutional round of
lending
Debt collections is the backbone of lending, however collections today are run by collection agencies who care very little about the borrower and mostly care about their commissions. With a vision to build India’s best collections company, DPDzero has announced raising $7million in Series-A funding led by GMO VenturePartners
lending
Techfino, a FinTech non-banking financial company (NBFC), has announced that it has successfully secured INR 65 crore in equity funding. The investment comes from Stellaris Venture Partners and Saison Capital, the investment arm of Japan-listed Credit Saison. This capital infusion will enable the company to significantly enhance its secured lending