A91-backed Exotel's growth skids sharply; hits EBITDA breakeven
Customer engagement platform Exotel, which counts A91 Partners and Blume Ventures among its investors, saw its consolidated operating revenue rise by just 6% to Rs 444.49 crore in the financial year ended March 2024, compared with a growth of 32% in FY23 and 167% in FY22. To be sure, Exotel's revenue ......
Grapevine: A91, MO Alts join race for stake in HealthKart; Dashtoon eyes fresh funds
Private equity firms A91 Partners and Motilal Oswal Alternates have joined ChrysCapital in the bid to acquire a stake in HealthKart, as Peak XV Partners looks to exit the Temasek-backed startup, a media report said. Talks are progressing, with A91 Partners aiming to increase its existing stake. The investment round will be mainly secondary, but may include some primary components, ......
Deals Digest: A91 Partners, UK’s BII make two bets each as PE/VC activity jumps
Private equity and venture capital activity increased this week, both in value and volume terms, with A91 Partners striking two new deals and British International Investment (BII) making two bets in the electric vehicle segment. The total PE/VC investment amount stood at $322 million across 32 deals this week, up from ......
Xponentia, A91 Partners, 360 One invest in Sedemac as Nexus Venture exits
Mid-market private equity firm Xponentia Capital Partners has invested in deep-tech company Sedemac Mechatronics as part of a $100-million (Rs 833 crore) round. A91 Partners and 360 ONE Asset also participated in the round, Sedemac said in a statement. Sedemac, floated by Professor Shashikanth Suryanarayanan and his students in a lab ......
Belgium’s Verlinvest invests $35 mn in coffee retailer Blue Tokai
Verlinvest, the consumer-theme-centric Belgian investment firm, has invested $35 million (about Rs 293 crore) in Indian speciality coffee retailer Blue Tokai Coffee Roasters. Existing investors Anicut Capital and growth-stage fund A91 Partners also participated in the Series C funding round, Verlinvest said in a statement. It didn’t disclose the amount Anicut ......
Grapevine: I Squared-backed gas firms to merge; A91 Partners to raise $750-mn fund
I Squared Capital-backed Indian city gas distribution firms AG&P Pratham and Think Gas Distribution are set to merge in a stock-for-stock deal valued at over $1.1 billion (Rs 9,096 crore) , a media report said. I Squared currently holds a 100% stake in Think Gas Distribution and a 73% stake in ......
A91 Partners-backed VideoVerse buys Optikka in second purchase of the year
A91 Partners-backed VideoVerse, a video editing platform, has bought AI-based design system Optikka for an undisclosed amount, marking its second acquisition this year. The deal will help VideoVerse to expand its media, design, and publishing capabilities for sports, news, and entertainment within its real-time content automation platform, Magnifi.ai, it said in ......
Aye Finance pockets Series G cheque from Temasek-backed impact investor
Aye Finance, a non-bank lender to micro, small and medium-sized enterprises (MSMEs), has raised Rs 250 crore (about $30 million) in a Series G funding round led by Singapore’s ABC Impact, the pan-Asia impact investor backed by Temasek and Temasek Trust. The UK’s development finance institution and impact investor British International Investment ......
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