InCred Holdings, one of India’s fastest-growing fintech firms, is gearing up for a blockbuster IPO with plans to raise ₹1,500 crore (around $172 million) via a fresh issue of shares. The company’s total IPO size is expected to fall between $460 million and $560 million, marking one of the most significant listings in the financial services sector this year.
According to internal documents…
In a groundbreaking move, The 1% Club, a financial advisory startup founded by social media sensation Sharan Hegde, has earned the prestigious SEBI Registered Investment Adviser (RIA) license. This makes the 1% Club the first finfluencer-led company in India to be officially recognized by the Securities and Exchange Board of India (SEBI) and allowed to offer regulated financial advisory…
In a bold move to expand its services and reach high-net-worth individuals (HNIs), wealthtech startup Nivesh has acquired Wealthzi, a wealth management platform. While the financial terms of the deal remain undisclosed, this acquisition is set to enhance Nivesh’s product offerings and solidify its position in India’s rapidly growing wealth management sector.
What This Acquisition Means for…
Nomura Holdings Inc. and Mizuho Financial Group Inc. are emerging as the top bidders for a majority stake in Avendus Capital Pvt., one of India’s largest investment banks. This stake, currently held by KKR & Co., represents 63% of Avendus and is valued at a minimum of $400 million.
Sources indicate that both Japanese firms have submitted the highest preliminary bids, while several other…
Gautam Adani to Revamp Family Offices with New Leadership and Global Auditors
Billionaire Gautam Adani is set to implement significant changes to his family offices, including the appointment of auditors from a top global accounting firm and the hiring of a chief executive officer. This strategic overhaul is aimed at enhancing transparency and financial disclosure, aligning his family offices with…
In a historic move, Singapore’s DBS Group has named Tan Su Shan as its new Chief Executive Officer, effective March. This appointment is particularly significant as Tan will be the first female to lead DBS and the first to rise from within the ranks of the bank. She will succeed Piyush Gupta, who has been at the helm of Southeast Asia’s largest bank for the past 14 years, guiding it through a…
Angel One, a prominent Mumbai-based stock broking firm, has announced a substantial investment of Rs 250 crore into its wealth management division, Angel One Wealth. This strategic move is aimed at expanding its services to cater to the growing population of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) in India.
Investment Details:
Investment Amount: Rs 250…
In the fast-paced world of financial technology (fintech), Ant Financial has emerged as a trailblazer, transforming the landscape with its innovative services and platforms. Headquartered in Hangzhou, China, Ant Financial operates primarily through its renowned Alipay platform, offering a diverse array of financial services that include payments, wealth management, and credit scoring.
The Rise of…
