Analysis
DealStreetAsia had reported in Feb that the two fintechs are looking to deepen ties.
1
China's Nexchip Semiconductor targets $890m Hong Kong share sale
2
Zhipu AI looks to raise $4b from HK share sale as stock surges
3
Flip announces strategic partnership with India's Paytm
4
India: Elevate Education raises $18m from PE firm WestBridge Capital
5
S Korea's Rebellions eyes IPO next year, followed by potential US listing
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Deals
Elevate ties up with higher education institutions to offer undergraduate and postgraduate programmes.
The fresh capital will be utilised to expand market presence.
InCred Growth Partners Fund contributed Rs 180 crore as the lead investor.
People
Dream Sports CTO Amit Sharma indicated that he is moving on to build his next venture.
Private Credit
External investors are split evenly between institutional investors and HNIs/family offices, said Karthik Athreya.
The investment will be made through a subscription of convertible perpetual bonds.
The venture focuses on sectors like agriculture, rural supply chains, financial inclusion, healthcare, rural mobility, and AI.
IPOs & Markets
SBI and Amundi will sell a collective 10% of their shares in the JV.
It is looking to raise up to $99.6 million in a fresh issue.
