17,000 new credit cards issued by ICICI linked to wrong users

Fundraising for Q2 stood at USD 684.49 million compared to USD 1.62 billion in Q1.

Private equity investment inflows to domestic firms soared two-fold in the first half (H1) of 2021 to $11.82 billion over the year-ago period when the whole world was under lockdowns due to the first wave of the killer virus, show industry data. Fund inflows jumped over 77% in the second quarter of 2021 to $7.55 billion compared to $4.26 billion in the first quarter, according to the data collated by Refinitiv, the London Stock Exchange Group’s financial markets data and insights arm. However, volume growth was a tepid 8.8% in Q2 at 296 transactions up from 272 in Q1, totalling the counts in the first half to 568, against 365 transactions in the year-ago period. Total inflows in the first half of 2020 were $5.43 billion across 365 deals, while in the first quarter these were $3.92 billion across 183 deals and the second quarter at $1.51 billion across 182 deals, according to Refinitiv.

The whole of 2020 saw a whopping $34.96 billion flowing into 708 domestic companies which was the highest on record, while it was only $15.31 billion in 2019. The top ten deals of the first half of 2021 are: Think & Learn ($1.32 billion), Bundl Technologies ($800 million), Mohalla Tech $502 million), Sporta Technologies ($355.6 million), Axelia Solutions ($350 million), Brainbees Solutions ($315 million), Zomato ($302 million), Meesho Payments ($300 million), Pine Labs ($285 million), and Dreamplug Technologies ($272.11 million), according to Refinitiv. Over 40% of the total inflows were into the online space worth $4.52 billion in H1, up over 73%  y-o-y, across 210 deals (vs 149 y-o-y), followed by financials. Investments into the online sector have increased 73.2%, with the number of deals rising from 149 in H1 of 2020 to 201 in H1 of 2021. Fund flows into software companies rose 261%, financial services rose 44%, medical health and consumer related companies by 64% each. However, there was a steep decline in fundraising in the country during the reporting period.