Ethos PE spinout Infinite Partners set to acquire fibre infra firms
Infinite Partners, a South Africa-based mid-market private equity firm spun out from Ethos PE, is set to acquire a slew of fibre infrastructure and connectivity-providing companies, deploying from its tech-focused investment vehicle launched last year. The Sandton-headquartered PE firm, which was established in 2022 after its parent company Ethos Private Equity ......
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 ......
Deals Digest: Funding momentum picks up this week due to two large deals
Capital raised by startups in the week ended 22 November edged up, propelled by two big-ticket deals including another large cheque bagged by quick commerce unicorn Zepto. In the week’s largest transaction, the unicorn founded by Aadit Palicha and Kaivalya Vohra, bagged a fat $350-million cheque in a round led by ......
IIT Bombay's tech incubator platform mulls raising $12 mn foor deeptech bets
Society for Innovation & Entrepreneurship (SINE), a technology business incubator of the Indian Institute of Technology Bombay (IIT Bombay), is planning to set up a Rs 100 crore (nearly $12 million) fund to support deeptech startups and those in areas of national importance. The department will approach IIT Bombay alumni to ......
Stashfin appoints Aparna Bihany as senior VP for lending
Neo-banking startup Stashfin has appointed Aparna Bihany as senior vice president of lending. Bihany comes with over 20 years of experience in the banking, financial services, and insurance sector in India, and will play a key role in accelerating growth. She has earlier held positions at Clix Capital, IndusInd Bank, and ......
Adani Group could find funding harder after $265 mn bribery indictment
Gautam Adani's conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme. Some global banks are considering temporarily halting fresh credit to the Adani Group ......
MENA Digest: Fintech platform EdfaPay, e-commerce startup Ariika lead funding this week
Saudi Arabian fintech startup EdfaPay led fundraising activity in the Middle East and North Africa region this week as it raised growth capital to expand its business geographically. It was followed by Egypt-based furniture e-commerce platform Ariika, which raised an additional Series A funding. Other startups that concluded funding rounds include ......
Deal activity slow, but Indian wine sector may see more JVs: Report
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 is growing demand, ......
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