Smartworks secures Rs 168 crore in funding round led by Keppel
Fri, Jun 28, 2024 9:42 AM

Smartworks secures Rs 168 crore in funding round led by Keppel

A Flip by Shubhangi Gupta
Get it on Google Play
Smartworks has raised Rs 168 crore (USD 20.24 Mn) in funding from a consortium of investors, including Keppel Ltd., Ananta Capital Ventures Fund I, and high-net-worth individuals. The promoters retain a majority shareholding in the company. The funds will be used for growth, expansion, and general corporate expenses.

More great flips

Promoter Buys Rs 141 Shares at Rs 10: Inox Wind Ltd Company Issues 50 Crore

Promoter Buys Rs 141 Shares at Rs 10: Inox Wind Ltd Company Issues 50 Crore

Inox Wind Ltd (IWL) has a robust order book of 2.7 GW, ensuring revenue visibility of over Rs 18,000 crore over the medium term. This healthy revenue outlook is supported by the upcoming commercial production of 3.3-MW turbines in the second half, positioning the company for strong financial growth.

Open Flip
Biggest blockbuster: Brands pour love for team India, some add more to menu

Biggest blockbuster: Brands pour love for team India, some add more to menu

Here is the summarized text: Brands capitalized on India's T20 World Cup win by launching themed products and congratulatory messages, seizing the moment to connect with the nation's pride and joy. The win led to a 40% jump in consumer spending around the final match, with highest daily spends between 8 pm-11 pm, and a 35% rise in orders under Rs 100 via quick commerce platforms like Simpl, Zepto.

Open Flip
Check Out Anand Mahindra's Salary As Tech Mahindra's Chairman

Check Out Anand Mahindra's Salary As Tech Mahindra's Chairman

Anand Mahindra, chairman of Tech Mahindra, received a 1.5% salary increase to ₹1.41 crore for the year ended March 2024, 21 times the company's median salary of ₹6.63 lakh. He owns 1.88 lakh shares of the company. In contrast, outgoing CEO CP Gurnani earned ₹92 crore in his last year, while CEO Anish Shah's salary was ₹24.22 crore in FY24.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon