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Next Retail investors’ bond rush; Rapido’s angels exit Want this newsletter delivered to your inbox? Also in the letter Fintechs bet big on corporate bonds
Next Retail investors’ bond rush; Rapido’s angels exit Want this newsletter delivered to your inbox? Also in the letter Fintechs bet big on corporate bonds as retail participation surges What's happening? Retail investors are now putting Rs 1,500-2,000 crore into corporate bonds every month, up from about Rs 300 crore a year ago. Around 3-4 lakh investors have participated in the segment so far. More than 100,000 are active investors. Growth drivers New entrants Fintech major Groww has obtained an OBPP licence and has started offering corporate bond products.
and has started offering corporate bond products. Oxyzo Financial Services recently acquired Rainmatter-backed online bond platform GoldenPi. Rapido's early backers look to sell shares worth Rs 100 crore Round details Shares are being marketed to high net-worth individuals through private wealth platforms. This is part of a larger $730 million funding exercise that includes both primary and secondary components, which ET had reported in September. In May, the startup raised $240 million from Prosus, Accel and WestBridge Capital at a $3 billion valuation.
from Prosus, Accel and WestBridge Capital at a $3 billion valuation. More than 90% of the secondary portion of the wider transaction was offloaded by food and grocery delivery firm Swiggy, which had invested in Rapido in 2022. Quote, unquote Also Read Rapido FY25 revenue jumps 44% to Rs 934 crore, loss narrows 30% to Rs 258 crore Pet care firm Vetic raises $40 million led by Bessemer
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