Prosus offers to put $100 mn in Mintifi at unicorn value
Mint Mumbai|November 14, 2024
Mintifi saw its revenue more than double to ₹319.1 crore in FY24 from ₹150 crore in FY23
Sneha Shah & Ranjani Raghavan
Prosus offers to put $100 mn in Mintifi at unicorn value

Global alternatives investor Prosus has joined the race to pick up a minority stake in supply-chain financing startup Mintifi Finserve, offering to invest up to $100 million in the company, two people with knowledge of the development said. The round will value the seven-year-old startup at a billion dollars, making it the latest entrant to the coveted unicorn club, they added, requesting not to be named.

"The firm has given a term sheet and is currently carrying out due diligence," said the first person cited earlier, adding, "The company has shown tremendous growth, hence the heightened investor interest."

هذه القصة مأخوذة من طبعة November 14, 2024 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 14, 2024 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MINT MUMBAI مشاهدة الكل
Buying Online? Beware Of these deceptive patterns
Mint Mumbai

Buying Online? Beware Of these deceptive patterns

Deceptive prompts in apps—ways to coerce people into spending more time or money—are on the rise. Here's how to identify them

time-read
4 mins  |
November 27, 2024
As AI gets real, slow and steady wins the race
Mint Mumbai

As AI gets real, slow and steady wins the race

Companies head into 2025 with careful deliberation when it comes to using AI

time-read
2 mins  |
November 27, 2024
Why the Earth Is Not a Type 1 Technological Civilization
Mint Mumbai

Why the Earth Is Not a Type 1 Technological Civilization

According to one theory about how we harness energy, Type 1s have total control over planetary energy resources

time-read
4 mins  |
November 27, 2024
Mint Mumbai

Our legislative frameworks must adapt to the rise of AI

Probabilistic digital systems complicate guilt assignment but we'll need tight controls against major harms

time-read
4 mins  |
November 27, 2024
Take tax action for Viksit Bharat in the Union budget for 2025-26
Mint Mumbai

Take tax action for Viksit Bharat in the Union budget for 2025-26

The government could take major steps towards its worthy goal of a tax regime that's simple, predictable and competitive

time-read
4 mins  |
November 27, 2024
Trump's US mustn't repeat its profiling of Chinese scientists
Mint Mumbai

Trump's US mustn't repeat its profiling of Chinese scientists

Espionage suspicions could lead the US to lose its war for talent

time-read
3 mins  |
November 27, 2024
Mint Mumbai

The rise of Trump poses a paradox of higher education

An elitist college system seems to have deepened divisions in the US and this may hold lessons for India too

time-read
3 mins  |
November 27, 2024
There's a case for heavy taxes on MNC royalties
Mint Mumbai

There's a case for heavy taxes on MNC royalties

Royalty payments to MNCs by their local units have been rising-even going above dividend payouts in some cases. India needs shareholder vigilance and fiscal action to curb excesses

time-read
2 mins  |
November 27, 2024
Mint Mumbai

Financial frauds evolve fast but we can still safeguard ourselves

While technology has transformed how scamsters operate, reliable ways exist to dodge their traps

time-read
3 mins  |
November 27, 2024
Smart-beta funds: A guide to balancing your portfolio
Mint Mumbai

Smart-beta funds: A guide to balancing your portfolio

Tailor-made strategies will help you navigate the market cycles better and optimize returns

time-read
3 mins  |
November 27, 2024