The fund infusion comes at a time when investors are tightening their purse strings and funds flow into Indian startups has fallen at a record low in 2023, falling over 80 percent quarter on quarter in Q1CY23.
Read more about Convergent Finance LLP announces upto USD 9.6 Mn investment in Onward Technologies Limited on Business Standard. Mumbai (Maharashtra) [India], May 27 (ANI/NewsVoir): Convergent Finance LLP, an investment advisor to Infinity Investment Management ( Infinity ), announced an investment of upto INR 702 million (USD 9.6 million) in Onward Technologies Limited
Read more about Onward Technologies raises Rs 70 crore from funds advised by Convergent Finance on Business Standard. Structured as a subscription to equity shares and warrants priced in accordance with applicable SEBI regulations, the investment will aggregate up to Rs 70.2 crore will result in an approximately 24.78% ownership stake on a fully diluted basis.