Fintech lending company Aye Finance has raised $10 Mn (INR 71.32 Cr) in a debt funding round from global impact investment manager, responsAbility and Northern Arc, through the issuance of non-convertible debentures. This is the twelfth debt funding round raised by Aye Finance so far. The company has raised a total of $102.25 Mn (INR 727.5 Cr) as a combination …
A cloud hangs over the UK housing market as the UK government stumbles slowly through its negotiations to leave the European Union. But startups that are bringing innovative twists to housing finance seem to be singing a different tune. Today, LendInvest, a peer-to-peer platform that connects property buyers in the UK with people willing to finance those purchases (bypassing traditional mortgage lending infrastructure …
IIM-Ahmedabad had last year raised the fee for the two-year programme to Rs21 lakh from Rs19.5 lakh. Photo: Mint Ahmedabad: The Indian Institute of Management Ahmedabad (IIM-A) on Saturday raised the fee of its flagship post-graduate program (PGP) in management for 2018-20 to Rs22 lakh from Rs21 lakh. The institute’s director Erol D’Souza gave the information while talking to reporters on …
Delhi-based MSME lending platform Aye Finance has raised Rs 25 crore from Hinduja Leyland Finance and Intellegrow. This is the second securitisation deal for the company. Last year it had raised Rs 10 crore by securitising part of its portfolio. Sanjay Sharma, Founder and Managing Director Aye Finance said, “The loan requirements of these businesses ranges between Rs 50,000 and Rs 5 lakh, …
SoftBank-backed Ola has raised Rs. 670 crores ($104.4 million) in fresh funding from investors including UC-RNT Fund, a venture between the University of California and Ratan Tata. While UC-RNT Fund has pumped in Rs. 267.99 crores, another Rs. 402 crores has been infused by FO Mauritius I Ltd, according to regulatory filing by ANI Technologies – which runs Ola. However, …
Music streaming company Spotify has raised $1 billion (£695 million) in debt financing to take on rivals Apple, Tidal and Google. First reported by the Wall Street Journal, the deal was later confirmed by Spotify according to Techcrunch. Unlike equity, debt financing allows Spotify to add to its resources without potentially accepting a lower valuation in the process. The move is thought to be …