Total amount raised
$7.1 Billion
Latest funding date
10/1/2024
Location
Airtel has successfully raised funding over 9 rounds, with the latest being a Post-IPO Debt round. The company is backed by 14 investors, including Bharti Enterprises and Google.
Keep reading to explore the intricacies of Airtel's fundraising journey and the investors backing this global telecommunications giant.
What Is Airtel?
Airtel, headquartered in New Delhi, India, is a global telecommunications company involved in industries such as Mobile, Public Relations, and Telecommunications. The company offers a variety of services including Wi-Fi, Postpaid and Prepaid mobile services, DTH television services, banking, and business solutions.
Founded by Sunil Bharti Mittal, Airtel has grown to employ over 10,001 people. The company is publicly traded under the ticker NSE:BHARTIARTL and has raised funding through various rounds, including Post-IPO Debt.
How Much Funding Has Airtel Raised?
- Post-IPO Debt
- Amount Raised: USD 40,780,000
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing business operations and expansion.
- Post-IPO Equity
- Amount Raised: USD 659,000,000
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance network infrastructure and expand service offerings.
- Post-IPO Equity
- Amount Raised: USD 350,000,000
- Date: December 2017
- Lead Investors: Warburg Pincus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial position and invest in new technologies.
- Post-IPO Equity
- Amount Raised: INR 26,490,000,000 (approx. USD 400,000,000)
- Date: February 2018
- Lead Investors: Singtel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To reduce debt and fund strategic initiatives.
- Post-IPO Debt
- Amount Raised: USD 750,000,000
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt and support capital expenditures.
- Post-IPO Debt
- Amount Raised: USD 1,250,000,000
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support participation in a spectrum auction valued at Rs 3.92 lakh crore.
- Post-IPO Equity
- Amount Raised: USD 700,000,000
- Date: January 2022
- Lead Investors: Google
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate digital transformation and expand 4G and 5G networks.
- Post-IPO Secondary
- Amount Raised: SGD 2,250,000,000 (approx. USD 1,650,000,000)
- Date: August 2022
- Lead Investors: Bharti Enterprises
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders and support strategic growth.
- Post-IPO Debt
- Amount Raised: INR 111,500,000,000 (approx. USD 1,500,000,000)
- Date: October 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund network expansion and enhance service quality.
Airtel has raised a total of USD 6,799,780,000. The current valuation is Not publicly disclosed.
Key Investors
- Bharti Enterprises
- Details: Bharti Enterprises is a leading Indian business conglomerate with interests in telecom, insurance, real estate, and more. Founded by Sunil Bharti Mittal, it is the parent company of Bharti Airtel.
- Investment Focus Areas: Telecommunications, Insurance, Real Estate, Agri-business, Food.
- Notable Investments: Bharti Airtel, Bharti AXA Life Insurance, Bharti Realty.
- Google
- Details: Google is a global technology company specializing in internet-related services and products. It is a subsidiary of Alphabet Inc. and is known for its search engine, advertising services, and various online tools.
- Investment Focus Areas: Technology, Artificial Intelligence, Cloud Computing, Digital Advertising, Consumer Electronics.
- Notable Investments: Waymo, YouTube, DeepMind.
- Singtel
- Details: Singtel is a major telecommunications company based in Singapore. It provides a wide range of services including mobile, broadband, and digital solutions across Asia, Australia, and Africa.
- Investment Focus Areas: Telecommunications, Digital Marketing, Cyber Security, Data Analytics, Cloud Services.
- Notable Investments: Bharti Airtel, Optus, Amobee.
- Warburg Pincus
- Details: Warburg Pincus is a global private equity firm focused on growth investing. It has a diverse portfolio across various sectors and regions.
- Investment Focus Areas: Technology, Healthcare, Financial Services, Energy, Consumer Products.
- Notable Investments: Bharti Airtel, CrowdStrike, Grubhub.
What's Next for Airtel?
As Airtel looks to the future, the company is poised to capitalize on significant opportunities in the telecommunications sector. With a recent $1.25 billion raised through debt instruments, Airtel is well-positioned to leverage this capital for expansion and operational needs. The strong investor interest, evidenced by the oversubscription of their bond issuance, indicates a favorable environment for future fundraising efforts.
However, navigating the complexities of managing substantial debt and ensuring timely interest payments will be crucial. Additionally, Airtel must stay ahead of market conditions and interest rate fluctuations while facing stiff competition in upcoming spectrum auctions. Despite these challenges, the company's strategic debt management and robust financial position provide a solid foundation for continued growth and expansion.
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