Private Equity Fund Investments
Fintech firm Dhani Services to raise Rs.1,200-Cr from General Catalyst, Ribbit, others
New Delhi-based, publicly listed Dhani Services Ltd, a transactional finance and primary healthcare platform, is to raise INR 1,200 crore from investors including General Catalyst, Ribbit Capital and Zelkova Builders Pvt Ltd (an entity owned by Dhani promoter Sameer Gehlaut) in return for a 9% stake. General Catalyst, a Silicon Valley based investor, and Gehlaut are putting in INR 375 crore each. Ribbit will invest INR 150 crore, Think Investments INR 225 crore and First Royalty Ventures INR 75 crore. Dhani is planning a preferential issue of up to 6.12 crore fully paid up equity shares of face value of INR 2 each at an issue price of INR 196 apiece, constituting approximately 9.12% of the post preferential issue share capital.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
