News – Page 7 – MediaCatalyst : News – Opinion

04 Feb

TRUSTMF Banking & PSU Debt Fund NFO Raises Rs. 582.68 Crore

MediaCatalyst0 CommentsBanking, Finance, Insurance, NewsTRUST Mutual Fund, TRUSTMF Banking & PSU Debt Fund

TRUST Mutual Fund’s maiden new fund offer (NFO) - TRUSTMF Banking & PSU Debt Fund has successfully raised Rs. 582.68 Crore. This is one of the recent NFOs with an extremely positive response. The first day AUM after the closure of NFO is Rs. 580.24 Crore. The NFO proceeds have been garnered from over 500 investors spread across 44 locations# through both digital & offline modes. The NFO has seen wide participation from both Institutional, Corporate, Family Offices, HNI, and Retail Investors, which is an indication of the faith posed by them in a well- structured & transparent investment process…

04 Feb

Union Budget 2021: Evoked Reactions from Industry Leaders

MediaCatalyst0 CommentsNewsUnion Budget 2021

The Union Budget 2021 presented by Finance Minister Nirmala Sitharaman on Monday, February 01, 2021, evoked mixed reactions from businesses, academicians, analysts, public and other stakeholders. While some are disappointed with the budget as there has been very little for them, the majority of industry leaders hail the budget. The Government has been focused on ensuring the development of MSMEs, ease of doing business, promoting startups, manufacturing in India, and quality education. Union Budget 2021 has restated the same. While the country is still struggling to tackle the ongoing pandemic and its impact on the economy and the people, it…

02 Feb

MediBuddy Closes $40 Mn in Series B Round

MediaCatalyst0 CommentsInvestment, NewsMediBuddy

MediBuddy, a digital healthcare platform, announced the closure of its $40 million Series B round. This follows the recent infusion of $20 million led by India Life Sciences Fund III, LLC, with participation from other investors. The digital healthcare platform had earlier announced an initial funding of $20 million (INR 150 crores) in June 2020 under this round. MediBuddy is led by co-founders Mr. Satish Kannan & Mr. Enbasekar as the CEO and the CTO respectively. In June 2020, to create market leadership in the digital healthcare industry, DocsApp (India’s leading online doctor consultation platform) merged with MediBuddy and has…

11 Jan

Sterlite Power Raises INR 200 Cr from Allianz Global Investors

MediaCatalyst0 CommentsInvestment, NewsAllianz Global investors, Sterlite Power

Sterlite Power, a leading global power transmission player, announced today that it has raised INR 200 crore in debt financing from Allianz Global Investors (Allianz GI) - one of the world’s leading investment managers with focus on sustainable investments. This transaction is one of the first infrastructure sector financing deals for Allianz GI in India. The INR 200 crore facility from Allianz GI has been raised as a non-convertible debenture with a three-year tenure and is part of the larger refinancing exercise undertaken by Sterlite Power to reduce its holding company borrowings. Sterlite Power is increasingly focused on integrating renewable energy (RE) to the grid.…

09 Jan

Jumbotail Raises $14.2 Mn in Series B3 Round Led by VII Ventures

MediaCatalyst0 CommentsInvestment, NewsDiscovery Ventures, Jumbofund, Jumbotail, Klinkert Investment Trust, Nexus Venture Partners, Nutresa, Peter Crosby Trust, Veronorte, VII Ventures

Jumbotail, a new retail platform and B2B marketplace for food and grocery products, has raised $14.2 million Series B3 round of funding led by VII Ventures with participation from Nutresa, Veronorte, Jumbofund, Klinkert Investment Trust, Peter Crosby Trust, Nexus Venture Partners, Discovery Ventures, and a group of HNIs and industry leaders. This round comes in quick succession after a $11M Series B2 round raised in October 2020, bringing the total funds raised by the company to $54mn. Ashish Jhina, Co-founder, Jumbotail, said, “Jumbotail is at an inflection point in its growth trajectory. We are seeing tremendous interest from investors across the globe who…

05 Jan

Legalwiz.in Raises Rs 3.8 CR Funding from ContCentric

MediaCatalyst0 CommentsInvestment, NewsContCentric, Legalwiz.in

Ahmedabad, Jan. 05, 2021: Legalwiz.in, Gujarat-based LegalTech firm, today announced that it has raised Rs 3.8 crores of funding from ContCentric IT Services Private Limited, an enterprise content management company. Started in April 2016 to cater to StartUps & SMEs, Legalwiz.in enables legal, financial, corporate & taxation compliances. Speaking on the occasion, Mr Shrijay Sheth, Founder – Legalwiz.in, said, “We are excited about the funding from ContCentric because it will help to optimize Legalwiz.in performance and create new avenues for delivering greater value. It is a strategic funding against Technology roadmap for Legalwiz.in. This dovetails with our founding credo of Simple – Affordable…

23 Dec

Microsoft’s Latest Film on #BuildingResilience Celebrates India’s Spirit of Being Unstoppable

MediaCatalyst0 CommentsNewsHum Rukna Nahi Jaante, Microsoft

New Delhi, December 23, 2020: Microsoft India today released its first ever holiday ad film, Hum Rukna Nahi Jaante, celebrating the resilience of the human spirit. The film is a fitting adieu to 2020, putting a spotlight on how people across the country have shown everyday resilience in meeting the challenges that this year has brought, and how technology has played a role in enabling diverse experiences. The film is part of Microsoft India’s #BuildingResilience campaign, launched in September this year to share inspirational stories of transformation across industries, organizations and individuals, driving a conversation around what it takes to thrive in this environment.…

22 Dec

CoinDCX Raises $13.9 Mn in Series B Funding Round

MediaCatalyst0 CommentsInvestment, NewsCoinDCX, cryptocurrency exchange

New Delhi, Dec. 22, 2020: CoinDCX, an Indian cryptocurrency exchange, raised Rs 100 crore ($13.9 million) from eminent investors, including returning investors from previous rounds. The series B round was led by Block.one and included DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital, Mehta Ventures and Alex Pack. This makes for the third round of funding for CoinDCX in 2020. In March 2020, CoinDCX raised Series A funding worth $3 million from companies such as Polychain Capital, Bain Ventures and Bitmex. In May 2020, the exchange raised $2.5 million in a strategic round from the above companies as well as…

18 Dec

KFC India Pledges to Help 500 Restaurants with Business Revival by 2022

MediaCatalyst0 CommentsCSR, NewsKFC India, KFC's India Sahyog Program

New Delhi, Dec. 18, 2020: The ongoing pandemic has had far-reaching effects on the foodservice industry and even more on small restaurants & local food businesses; with many fighting a grim battle for basic survival. With an aim to give back to the community it operates in and support local food businesses in the country, KFC India today announced KFC’s India Sahyog program. Designed to help local and small food joints to revive their business as they work to overcome the impact of Covid-19, the program will be executed in association with Food Safety and Standards Authority of India (FSSAI) and National Restaurant Association of India (NRAI).…

18 Dec

Razorpay Announces Plans to Achieve $50 Billion TPV by 2021

MediaCatalyst0 CommentsBanking, Finance, Insurance, NewsRazorpay

New Delhi, Dec. 18, 2020: Razorpay today announced its plans to achieve $50 Billion TPV (Total Payment Volume) by the end of 2021 and further solidify its position as one of the largest full-stack fintech company in the country. The company launched a string of products, aimed at empowering the next phase of digital growth for Small Businesses in India. These products were launched today at the Third edition of FTX, its flagship fintech conference that brought together 50+ thought-provoking speakers and was virtually attended by 10,000+ fintech enthusiasts from across the globe. With most of the country slowly reeling…