Whatfix raises $125 million in Series E from Warburg Pincus, SoftBank
Bengaluru-based co's funding boost makes it the largest SaaS deal of the year so far; plans expansion across the U.S., EMEA, APAC regions
Bengaluru-based co's funding boost makes it the largest SaaS deal of the year so far; plans expansion across the U.S., EMEA, APAC regions
Post the transaction, the ‘promoter’ and ‘promoter group’ shareholding in the company will increase from 60.59% to 62.95%
SFL will receive ₹3,900 cr from the sale of its investment in the subsidiary, resulting in an increase in CRAR by around 80 bps
The Shriram group flagship will sell its entire 85% stake in Shriram Housing Finance (SHFL) to Warburg Pincus for ₹4,630 crore.
Shriram Finance holds a controlling stake in SHFL while private equity firm Valiant Partners L.P., Mauritius, holds the remaining ownership.
The Rajiv Jain-led investment firm picked up 2.58% shares in IDFC First Bank at ₹89 apiece via bulk deals, amounting to ₹1,527 crore.
Fortune India’s The Next 500 event showed how emerging companies are scaling new levels.
“This year the company will focus on India and going all out is next year’s vision,” says Aman Gupta, Founder and CMO, boAt, at Fortune India’s TheNext500 event.
Warburg Pincus, which holds 26.36% stake in Kalyan Jewellers through its subsidiary, Highdell, looks to sell 2.5% equity stake in the company.
After raising $100 million from Warburg Pincus, boAt is now one of the most successful electronics hardware startups in India, proving that attractive prices and nifty design can always be a winner.