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 ......
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 ......
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 ......
Milky Mist plans IPO after failed PE funding talks
South India-based dairy brand Milky Mist is planning to make a stock market debut by early next year after its talks to raise funding from one of the oldest private equity firms in the country fell apart, two people privy to the development told VCCircle. Milky Mist had been engaged in discussions ......
Elevation-backed Aye Finance aims to more than double AUM, triple profit by FY27
Aye Finance, a non-banking finance company which lends to micro, small and medium sector enterprises (MSME) in India, aims to more than double its assets under management (AUM) and triple its profit by the financial year 2026-27, the company’s chief executive told VCCircle. Sanjay Sharma, who is also Aye Finance’s ......
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 ......