Deals Digest: PE-VC investment value doubles as EQT, Warburg sign big cheques
Private equity and venture capital firms signed several big cheques this week, pushing their total investments in Indian companies to the highest level in three months, according to data collated by VCCircle. Three deals were valued above $100 million this week while the amount invested by PE and VC firms touched ......
Blume-backed Optimo Loan may tap new international investor in fresh fundraise
Small business-focused lending startup Optimo Loan, which was launched by Easemytrip’s co-founder Prashant Pitti and is backed by venture capital firms Blume Ventures and Omnivore, is planning a second round of fundraising with a new investor also set to join its cap table, a person familiar with the matter said. The ......
Equirus Capital buys into insurance broking firm
Financial services firm Equirus Capital has received regulatory approval to acquire a stake in an insurance broking firm, as it looks to increase its exposure to the segment it entered three years ago. Equirus said Friday it will buy the stake in Mumbai-based Raghnall Insurance Brokers. It didn’t disclose any financial terms ......
Korys’ Subramanian on raising India exposure, investment strategy and more
Korys Investments, the family office of the Belgium-based Colruyt Group, had committed $50 million (nearly Rs 418 crore) for investments in India. It has exhuasted most of this corpus, and is now looking to raise the bet. The firm, which invests in private equities and also makes direct investments in ......
Oorja Energy, Jiraaf backer Capital A floats second VC fund
Capital A, a venture capital firm led by Ankit Kedia, who was previously the promoter and director at plastic packaging solutions Manjushree Technopack Ltd, has floated its second fund. The firm, which focuses on early-stage investments, has filed its papers with Securities and Exchange Board of India (SEBI) for a category ......
Women-focused AWE gets new LP for maiden India fund
Achieving Women Equity (AWE) Funds, a gender-centric investment firm that backs early growth-stage companies, has added a new limited partner (LP) for its maiden fund that it launched in 2022. The fund, which primarily targets investments in companies that promote the participation of women in the market, has received capital commitment from ......
Bluepeak strikes largest bet from inaugural fund
Bluepeak Private Capital, an alternative asset management firm that backs mid-market companies in Africa, has invested in an agro-commodities processor and exporter, marking the eighth commitment from its inaugural fund. The Tunisia-based investor with a presence also in Nairobi and London, has committed a $25 million investment in Robust, a pan-African ......
Former TPG NewQuest exec floats PE fund for growth-stage bets
A former senior executive of TPG NewQuest, which has invested in companies such as ShadowFax, Halonix Technologies, and U Gro Capital, among others, has floated a new firm that will make investments across startups, growth stage companies, and public firms, VCCircle has learned. TPG NewQuest is a part of private equity firm TPG. Sachin ......
Equirus’ I-banking unit bounces back but institutional broking retains edge
Financial services firm Equirus Capital’s revenue jumped and profit doubled for the year through March 2024, as a stock market rally and a boom in initial public offerings helped its investment banking and institutional broking businesses. Mumbai-based Equirus, which counts Rekha Jhunjhunwala — wife of the late stock market investor Rakesh ......
SPE Capital allies with three others to acquire Egyptian PSU microfinance firm
SPE Capital, an Africa and Middle East-focused private equity firm that backs mid-sized companies, is set to fully acquire Egypt’s state-owned microfinance company, in a partnership with three co-investors, including an Egyptian PE firm and two development finance institutions. SPE Capital will deploy from its latest investment vehicle for the ......
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