IntelleGrow offers venture debt to growth-stage companies, SMEs
By Sayan Chakraborty
ShopClues said it raised debt primarily for day-to-day business activities.
The startup plans to use the latest capital raised to increase its reach from 5,000 locked-in beds to over 12,000 beds and expand to Chennai and NCR by the end of this year.
Education technology start-up Byju’s, owned by Think and Learn Pvt. Ltd, has raised an undisclosed amount from World Bank arm International Finance Corp. (IFC), the company said in a statement on Tuesday. The latest round came close on the heels of Byju’s raising $50 million from the Chan Zuckerberg Initiative,… Read more »
“Singapore has more affinity to the Indian market – its a hop skip and jump. We are looking at Singapore companies and will invest in them and the reverse is also happening, where there are Singapore-based investors in IAN who are investing there,” says Ruparel
“If you look at a billion dollars worth of deals done in SEA last year…you then say 10% of that should be venture debt, you get around $80m to $100m per year in potential venture debt transactions. It is a $100m opportunity per year,” said Chin Chao.