your password has been reset successfully, Please login again.

TPG leads $100 mn funding round in Five Star Business Finance

The announcement comes a month after Five Star had received investment offers from two PE firms including TPG.
BY BEx Bureau
BusinessEx
Jul 31, 2018

Global alternative asset firm TPG has ivested $100 million (Rs 685 crore in non-bank lender Five Star Business Finance Ltd.

Alongside TPG Capital Asia, existing investors Norwest Venture Partners, an investment fund managed by Morgan Stanley and Sequoia Capital are also investing in the firm.

Five Stars first investor, Matrix Partners have showed consistency in the investment interests in the company, TPG said in a statement.

The announcement comes a month after Five Star had received investment offers from two PE firms including TPG.

Please add your Comment
SIMILAR News
June 18, 2019
Kredily helps to digitise businesses and automate HR as well as payroll-related duties. ...More
By Jaspreet Kaur
June 17, 2019
The tech giant, Amazon is in talks with the Indian supply chain firm, NinjaCart to make a huge inves ...More
By Jaspreet Kaur
June 13, 2019
After the funding round, the valuation of Sarva Chain has reached nearly $20 million. ...More
By Jaspreet Kaur
June 13, 2019
The Bahrain-based firm, Investcorp is raising money through its real-estate fund, which it had start ...More
By Jaspreet Kaur
June 11, 2019
The multinational conglomerate company, Softbank Group has more than 46 per cent shareholding in OYO ...More
By Jaspreet Kaur
June 11, 2019
By attaining a second close, the micro venture capital fund can begin investing in the companies and ...More
By Jaspreet Kaur
June 10, 2019
The platform helps to ascertain real-time locations to masses of people and other vital niches such ...More
By Jaspreet Kaur
June 07, 2019
Advent International can escalate the amount it may invest in India as it currently acquires control ...More
By Jaspreet Kaur
June 07, 2019
Noida-based company, Biz2Credit has raised INR 360.25 Crore in Series B round of funding, led by Wes ...More
By Jaspreet Kaur
June 05, 2019
Abu Dhabi Investment Authority (ADIA) and Singapore-based Sovereign Wealth Fund, GIC are carrying ou ...More
By Jaspreet Kaur
June 04, 2019
National Company Law Appellate Tribunal (NCLAT) has approved Maruti Ferrous proposal to procure debt ...More
By Jaspreet Kaur
May 30, 2019
Awfis will deploy proceeds to increase its growth rate as the competitors have doubled down in the c ...More
By Jaspreet Kaur