Moneyview raising $30 Mn debt via private placement Moneyview, a Bengaluru-based lending platform, is set to raise Rs 250 crore ($30 million) through debt via private placements, marking its first significant debt round in three years. The funds will be allocated for growth, working capital, and general corporate purposes. The company is also nearing unicorn status, with plans to raise $50-60 million from new and existing investors, including Apis Partners, Accel Partners, and Evolvence India. To date, Moneyview has raised around $190 million and was valued at $900 million in its last equity round. The firm, which offers various financial services and products, reported a revenue increase to Rs 577 crore and a profit surge to Rs 163 crore for FY23. #Entrackr #Moneyview #DebtFunding #StartupFunding #Fintech #BengaluruStartups #PersonalLoans #FinancialGrowth #StartupNews #IndianStartup #Fintrackr #Startup https://entrackr.com/2024/09/exclusive-moneyview-raising-30-mn-debt-via-private-placement/

Newton School Records 14% Scale Increase in FY23 Edtech startup Newton School grew 14% in FY23, reaching Rs 24.4 crore in revenue, with 69% from operations. The Bengaluru-based online coding platform's expenses soared to Rs 107 crore, driven by employee benefits, advertising, and legal costs. Losses increased over fourfold to Rs 82.6 crore. The firm raised Rs 190 crore in Series B funding, led by Steadview Capital. #thekredible #News #Data #Startup #EdTech #NewtonSchool #CodingTraining #BengaluruStartups #TechEducation #EdTechSuccess #JobOrientedCourses #EducationInnovation #SteadviewCapital #NexusVentures #StartupFunding https://thekredible.com/blogs/newton-school-recorded-14-growth-in-scale-in-fy23