Elevar Equity News Today

SarvaGram Fincare Pvt. Ltd, a Maharashtra-based lender serving the credit needs of rural households, has grown its revenue at a rapid pace and achieved breakeven ......

Indias entrepreneurial households conducted transactions with a core value of $8.8 trillion in 2022-23. And this is projected to grow to $95.2 trillion by 2042-43, according to a study

Bengaluru-based consumer fintech startup Niro, which is backed by Elevar Equity and GMO Ventures, among others, is in advanced talks to secure pre-Series B funding ......

Fintech unicorn InCred on Wednesday reported 132 per cent growth in profit before tax to Rs 298 crore in the third quarter of the current fiscal year (FY24), from Rs 129 crore in the corresponding period last year.InCred Finance's core loan ...

InCred Finance's core loan book witnessed 55 per cent growth (on-year), crossing Rs 8,000 crore in Q3 FY24. The cost-to-income ratio saw a healthy decline from 56 per cent to 44 per cent. �� Fintech Unicorn InCred Profit Rises to 132% Growth in Q3 FY24, Says Report.

The debt fund will be raised at 12.85% all-embedded cost including hedging cost, Varthana co-founder and executive director Steve Hardgrave told ET. The fund is raised for 48 months. The firms average cost of borrowing was a little over 13%.

Bringing you the latest news briefs on fundraising activities in the Asia Pacific.

Cites shifting economic dynamics and evolved investment landscape as reason for its exit from India

In a release issued on Thursday, the lending company said that it has already received the full commitment and post the closure of the round, will achieve a valuation of a billion dollars, thereby entering the unicorn club. The release, however, did not name any of the investors.

The first quarter accounted for as much as 84 per cent of the $1.4 billion raised in the first half