Coding and recruitment platform HackerRank has raised $30 million in a Series C round led by US-based JMI Equity with participation from existing investors Khosla Ventures, Battery Ventures, Randstad and Chartline Capital Partners. HackerRank will use the new capital to accelerate its growth in the enterprise space, expand its community and also advance its data science research and development.
Bengaluru headquartered Corefactors has raised an undisclosed amount in pre-Series a round of funding from growth catalyst firm ah! Ventures. Corefactors will use the fresh capital for branding, marketing and expanding its services to other geographies.
The Reserve Bank of India’s (RBI) decision to tighten norms for resolution of stressed loans, currently estimated at over Rs10 trillion, will improve recovery prospects from bad loans but keep banks’ provisioning requirement at an elevated level. The central bank withdrew a host of norms such as strategic debt restructuring (SDR) and scheme for sustainable structuring of stressed assets (S4A) among others, and made the process time-bound. The new rules stipulate that starting 1 March, lenders must implement a resolution plan within 180 days for accounts of at least Rs.2,000 cr.
YapStone, a global payments platform for large marketplaces, has raised $71 million at the first close of its Series C funding round led by PremjiInvest. The US-based company is looking to raise up to $100 million for its Series C round. The new funding takes the total amount raised by YapStone to nearly $187 million so far.
Aster DM Healthcare Ltd had raised $45.68 million (Rs.294.04 cr.) from anchor investors including Canada’s second largest pension fund Caisse de dépôt et placement du Québec (CDPQ) and the UK-based First State Investments ahead of its initial public offering (IPO).
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