In today’s briefing:
- India’s KreditBee Adds US$100m to Its Series D
- Survival Technology Pre-IPO Tearsheet
India’s KreditBee Adds US$100m to Its Series D
India-based KreditBee has added another US$100 million to its series D, with primary funding from equity investor Advent International.
- Founded in 2018 by Madhusudan Ekambaram, Karthikeyan Krishnaswamy, and Wan Hong, the startup offers tech-enabled personal loans to working professionals.
- KreditBee finances the loan through partnerships with banks and non-bank financial companies.
Survival Technology Pre-IPO Tearsheet
- Survival Technologies (1279515D IN) is looking to raise around US$121m in its upcoming India IPO. The deal will be run by JM Financial, and ICICI Securities.
- Survival Technology (ST) is a contract research and manufacturing services (CRAMS) focused speciality chemical manufacturer in India.
- As per CRISIL, the firm is one of the leading CRAMS companies in India in terms of manufacturing of select chemical products as of Mar 22.
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