Foxhog Ventures Reports Record Profit, Announces IPO, ESOPs, and Bonuses
US-based venture capital firm Foxhog Ventures has reported a robust profit of ₹124.69 crore for the financial year 2024-25. With this major milestone, the firm has also announced plans for an Initial Public Offering (IPO), a new Employee Stock Option Plan (ESOP), and a three-month salary bonus for its employees.
But the…
Small businesses across India have often struggled with access to formal credit, especially in smaller towns and rural areas. But BizLoan, a non-banking financial company (NBFC), is on a mission to change that. The company has successfully raised Rs 35 crore (around $4 million) in a Series A funding round to expand its reach and provide much-needed capital to micro and nano enterprises.
In this…
In a significant move towards empowering underserved communities in India, Annapurna Finance Private Limited (AFPL), a leading Micro & SME Finance institution, has secured a whopping $109.5 million through a multilateral syndicated social loan. This financing, arranged by Standard Chartered Bank (SCB), will fuel the company’s efforts to expand financial inclusion, particularly for rural…
CreditAccess India BV, a Netherlands-based firm with a 66.56% stake in CreditAccess Grameen, is aiming for a $2.7 billion valuation for the microfinance company, according to a report by Mint. If successful, this deal would become the largest transaction in India’s $51 billion microfinance sector.
To facilitate the sale, CreditAccess India has enlisted investment banks Jefferies, Barclays…
