South Africa's Ascension Capital Partners strikes second bet from $83 mn fund
Ascension Capital Partners, a South Africa-based private equity firm that backs mid-sized high-growth businesses in the country has struck a second bet from its $83 million (1.5 billion South African Rand)-target fund, acquiring a payment profile hosting credit bureau. The Pretoria-headquartered PE firm acquired Consumer Profile Bureau (CPB), known for its ......
Venture capital firm RPSG Capital to rope in top Orios executive
Early-stage venture capital firm Orios Venture Partners, which is an investor in companies like Country Delight, ixigo, BeatO and Pharmeasy, suffered another top management exit, a year after partners Anup Jain and Rajeev Suri quit to float their own firm. Currently deploying capital from its $120-million fund, Orios’ chief financial and ......
Deal activity slow, but Indian wine sector may see more JVs: Report
By Prithvi Durai Deal activity in the Indian wine industry may seem to have stagnated, but several international wine brands are likely to forge joint ventures and partnerships with Indian players with evolution of India’s wine culture, Prowess Advisors said in its latest report, pegging the sector as “moderately attractive”. There ......
Consumer electronics firm Indkal eyes fat PE cheque as revenue accelerates
Indkal Technologies Pvt Ltd, one of the country's fastest-growing consumer electronics companies, is in talks with a clutch of private equity investors within five months of its first external round of funding, at least two people aware of the development told VCCircle. The Bengaluru-based Indkal had raised around Rs 300 crore ......
Zopper onboards Elevation, Dharana Capital on its cap table in $25 mn round
Insurtech platform Zopper said on Thursday that it has raised $25 million in a Series D funding round, co-led by Elevation Capital and Dharana Capital, along with the participation from existing investor Blume Ventures. Zopper will use this fresh funding to ramp up its digital technology infrastructure by strengthening its insurance ......
Grapevine: Gaja Capital, Lightspeed, SolarSquare, Omnivore VC, and Farmley in news
Gaja Capital has set in motion its plan for a public listing while Lightspeed Venture Partners and Omnivore are likely to invest in a renewables company and a dry fruit brand, respectively, according to various media reports. Gaja Capital Domestic private equity firm Gaja Capital plans to go public and aims ......
OneCell Diagnostics, Abyom SpaceTech, two others bag early-stage fundings
OneCell Diagnostics, Abyom SpaceTech & Defence, CredFlow, and Order For Health secured early-stage funding, the companies said Thursday. OneCell Diagnostics Genomics-based precision oncology firm OneCell Diagnostics has raised $16 million (Rs 135 crore) in a Series A round, led by venture capital firm Celesta Capital. The round was oversubscribed, it said. The diagnostics ......
Sector Scan: How India’s diagnostics players plan to recover after COVID boom
After witnessing some of its best years during the COVID-19 pandemic, India’s diagnostics companies landed in a soup during the financial year-ended 2023. As the country’s concerned populace was prompted to take tests during the ranging pandemic through FY21-22, these companies witnessed record high revenues in those years, only to have ......
Adani Group stocks plunge after US indictments
Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme. Gautam Adani's flagship company Adani Enterprises tumbled 23%, while Adani Ports, Adani Total Gas, Adani Green, ......
Saudi VC SEEDRA onboards sovereign investor as LP for second fund
SEEDRA Ventures, a Saudi Arabia-based venture capital firm that backs early-stage companies and currently manages a portfolio of 26 startups, has secured a commitment from a local sovereign investor for its second outing. The Riyadh-based VC firm has onboarded Saudi Arabia’s Public Investment Fund (PIF)-owned Jada Fund-of-Funds as a limited partner ......
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