Edtech unicorn Vedantu has raised $11 million through convertible notes, led by ABC World Asia, to drive organic and inorganic expansion, technology, and AI advancements. The company is also negotiating a larger funding round and a secondary sale, targeting a public market listing by 2027.
Corporate loan demand outpaces retail credit as firms shift from bonds to banks
Corporate sector borrowing from banks is accelerating past individual loans, driven by companies seeking cost savings as corporate bond yields climb. Recent RBI rate cuts