Shriram Transport Finance raises Rs 1998cr through QIP

Shriram Transport Finance raises Rs 1998cr through QIP

Shriram Transport Finance Company (STFC) said that it has raised INR 1,998.98 crores through a qualified institutions placement (QIP) of equity shares. The non-​banking finance company, which is part of the Shriram group, had launched the QIP on 7 June 2021 and is said to have received 6.3x oversubscription. The QIP, which saw the participation […]

Cloud9 Technologies secures $17.5m funding for cloud-based communications

Cloud9 Technologies secures $17.5m funding for cloud-based communications

Cloud9 Technologies, a cloud-based communications provider, has raised $17.5 million in a Series B funding round led by Swiss investment bank UBS alongside participation from existing investors such as J.P. Morgan and Barclays. The New York City-based company calls itself to be a voice communication and analytics platform designed to address the unique requirements of […]