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Peak XV Partners makes modest exit from legacy tech bet

TMT

29 September, 2023

Peak XV Partners makes modest exit from legacy tech bet

Venture capital firm Peak XV Partners, formerly known as Sequoia Capital India and Southeast Asia, has completely exited one legacy ......

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Grapevine: Tiger Global-backed Dream11 gets $3 bn tax notice; Akums plans IPO

General

26 September, 2023

Grapevine: Tiger Global-backed Dream11 gets $3 bn tax notice; Akums plans IPO

The Directorate General of GST Intelligence has issued pre-show cause notices to several online real money gaming companies, including fantasy ......

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Grapevine: Azure plans to raise $700 mn; Antler sets sight on debut fund's final close

General

22 September, 2023

Grapevine: Azure plans to raise $700 mn; Antler sets sight on debut fund's final close

Solar power developer Azure Power Global is weighing multiple options for a fundraise of up to $700 million to finance ......

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Grapevine: TotalEnergies looks at JV with Adani; Peak XV may invest in luggage brand

General

20 September, 2023

Grapevine: TotalEnergies looks at JV with Adani; Peak XV may invest in luggage brand

French energy giant TotalEnergies is nearing an investment in a joint venture with billionaire Gautam Adani-controlled firm, a media report ......

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VC-backed Pristyn Care's ‘uberisation' of surgeries faces multiple questions on biz practices

Healthcare

31 August, 2023

VC-backed Pristyn Care's ‘uberisation' of surgeries faces multiple questions on biz practices

Amita Panchal, a 47-year old Mumbai-based bank employee and a single mother, navigated life with the aid of crutches. Childhood ......

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How Covid-19 pushed Warburg-backed Capillary to change tack in growth drive

TMT

23 August, 2023

How Covid-19 pushed Warburg-backed Capillary to change tack in growth drive

When Covid-19 first hit businesses worldwide three years ago, software-as-a-service company Capillary Technologies India Ltd counted Asia as its main ......

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Grapevine: SoftBank sells stake in IPO-bound firm; Byju's fires more staff

General

21 August, 2023

Grapevine: SoftBank sells stake in IPO-bound firm; Byju's fires more staff

Japan’s SoftBank Group has sold its stake in an IPO-bound e-commerce firm, a media report said. Three Indian family investment offices ......

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Grapevine: JSW eyes Teck's coal business; Peak XV may back asset manager

General

17 August, 2023

Grapevine: JSW eyes Teck's coal business; Peak XV may back asset manager

Billionaire Sajjan Jindal-led JSW Steel Ltd is considering buying a 75% interest in Elk Valley Resources, the steelmaking coal business ......

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TPG, KKR-backed Five-Star Business' CEO on growth areas, fintech competition and more

Finance

21 July, 2023

TPG, KKR-backed Five-Star Business' CEO on growth areas, fintech competition and more

Non-banking financial company (NBFC) Five-Star Business Finance Ltd counts private equity firms KKR and TPG as well as venture capital ......

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Spotlight: Practo may be solving its monetisation problem despite e-pharmacy setback

TMT

05 July, 2023

Spotlight: Practo may be solving its monetisation problem despite e-pharmacy setback

Practo, one of the earliest entrants in the health-tech sector, may have fallen behind its peers in the race to ......