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Reliance Industries Raises $ 800 Million Via 10 Year Bonds

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Reliance Industries Raises Via 10 Year Bonds,Startup Stories,2017 Business Updates,Reliance Industries Shares Raises,RIL Raises $800 Million Via 10 Year Bonds,Reliance Industries Share Price Live Updates,Reliance Industries Latest Breaking News,India Sovereign Ratings,Chief Financial Officer at Reliance Industries

Reliance Industries Ltd., (RIL) raised $ 800 million by selling 10 year bonds priced at 3.66%. This was the first offering by an Indian corporate since Moody’s Investor Services raised India’s sovereign rating. Currently, Reliance Industries is also rated on par with the sovereign rating.  

In an official statement, the company said the price of the bonds was the lowest coupon ever achieved by a corporate for a 10 year issuance. “The notes have been priced at 130 basis points over the 10 year US Treasury Note, at a price of 100 to yield at 3.667%,” the statement further added. RIL will use the capital to refinance existing debt.

Post this announcement, the company advanced over 2% in trade, followed by a 1.96% gain in stock to Rs. 936.90 on the Bombay Stock Exchange on Tuesday. Investment firm Goldman Sachs also hiked the company’s target price from Rs. 960 to Rs. 1,205. RIL reported a total revenue of Rs. 71,761 crores and a net profit of Rs. 8,265 crores for the last quarter. According to sources, the company expects its operating income to double to $ 14 billion by March 2020. However, the company’s debt also increased Rs. 2.14 trillion at the end of September as compared to Rs. 1.96 trillion as on 31 March 2017. Meanwhile, the company claims Jio will start contributing from the next financial year and can reach operating income of over $ 5 billion by March 2025.

Speaking about the bonds, V. Srikanth, the Joint Chief Financial Officer of RIL, said, “This refinancing transaction was well received by high quality investors across asset managers, insurance companies and banks and helped us achieve substantial savings in interest cost over the life of the notes. We are delighted to have issued 10 year bonds at the lowest coupon ever for an Indian corporate.” RIL  believes volume led growth with capex cycle completion, refining margins to outperform peers and telecom business will start contributing positively which lead to a stable growth of the company. 
 

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Funding

Flam Secures $14M Series A to Revolutionize Mixed Reality Marketing with AI

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AI infrastructure startup Flam has raised $14 million in a Series A round led by RTP Global, with participation from Dovetail and existing investors, bringing its total funding to $22 million. Founded in 2021, Flam enables brands to create and deliver high-fidelity mixed reality (MR) and generative AI experiences without the need for app downloads, allowing consumers to access immersive content via QR codes or links in under 300 milliseconds.

Flam’s platform is already used by over 100 global brands-including Google, Samsung, and Netflix-reaching more than 380 million users. The new funding will accelerate product innovation, expand operations in North America, Europe, and Asia, and launch a full-stack enterprise suite for MR and GenAI-driven marketing. The company currently has over 120 employees and plans to grow to 180 by the end of 2025, aiming to transform every brand touchpoint into an interactive digital experience.

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Info Edge Delivers 36% Returns on Startup Investments

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Info Edge, the parent of Naukri.com, has achieved a 36% gross internal rate of return (IRR) on its startup investments since 2007, turning a total investment of INR 3,959 crore across 111 startups into a portfolio now valued at INR 36,855 crore-a nearly 9X gain. Early bets on Zomato and Policybazaar have been especially lucrative, with holdings in these two companies alone worth INR 31,500 crore as of March 2025.

The company’s investment strategy spans multiple vehicles, including the SEBI-registered Info Edge Venture Fund (IEVF), Info Edge Capital, and Capital 2B, with a combined fund corpus of INR 3,423 crore and Info Edge committing INR 1,614 crore. Early-stage investments now contribute 30-40% of the company’s overall value.

Info Edge’s Alternative Investment Fund (AIF) investments have yielded an IRR of 18.7%. Many portfolio companies, such as TrueMeds, Geniemode, Attentive.ai, and InPrime, have attracted follow-on funding from major investors like Accel, Peak XV Partners, and Tiger Global. Notably, BlueStone, the largest investment of Info Edge Capital, has filed for an IPO after securing investments from Prosus, Peak XV, and Steadview Capital.

Founder Sanjeev Bikhchandani emphasized the company’s focus on strong governance and financial controls, with a preference for value realization through public listings or strategic exits.

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Phab Raises $2M Seed Funding to Expand Healthy Snacking Brand

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Phab, the D2C healthy snacking brand co-founded by Ankit Chona of ice cream brand Hocco and his wife Gayatri Chona, has raised $2 million (around ₹17 crore) in a seed funding round led by OTP Ventures, with participation from Capri Global, Sim&San law firm, and angel investors.

Founded in 2018, phab offers protein bars and healthy milkshakes, leveraging Ankit’s decade-long food industry experience and Gayatri’s expertise as a certified nutritionist. The brand has sold over 2 million units and sells through e-commerce and quick commerce platforms like Amazon, Flipkart, Zepto, and Blinkit.

Despite a 12% dip in operating revenue to ₹5 crore in FY24, phab trimmed its net loss by nearly 3% to ₹6.8 crore, showing improved efficiency.

The new funds will be used to expand the team, invest in production capacity, and grow phab’s presence across digital, quick commerce, and offline channels. The brand competes with Yoga Bar, Beyond Snack, and The Whole Truth in India’s growing $68 billion healthy snacking market. OTP Ventures’ founding partner Suhail Sameer praised phab’s bold, differentiated approach and the founders’ vision, signaling strong investor confidence in the brand’s growth potential.

 

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