Stay updated with breaking news from Elevar Equity. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 firm's 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