Deals Digest: Momentum slows again after stellar preceding week
The five-day period ended 20 December saw funding activity decline to nearly a third of the previous week’s high base of about $900 million, data collated by VCCircle showed. The week was particularly slow for the mergers and acquisitions deal category as well. Companies backed by private equity and venture capital ......
Creador ropes in North American LP for new fund
Southeast Asia-focused mid-market investor Creador, which is headquartered in Malaysia, has onboarded yet another limited partner (LP) for its sixth fund, VCCircle has gathered. In fact, it will be the first investment of the new LP in the Indo-Pacific region. The private equity investor, led by former ChrysCapital partner Brahmal Vasudevan, ......
Avendus set to hit first close of third late-stage investment fund
Mumbai-based investment banking and asset management firm Avendus Capital is set to hit the first close of its third alternative investment fund for private market deals, a person with direct knowledge of the matter told VCCircle. The firm could announce the first close of the Avendus Future Leaders Fund III, which ......
Proparco has ‘a lot of things cooking’ in India: Diane Jegam
India is a complicated market and climate change can be a tricky subject for investments in such a market. Still, the French government-backed development financial institution Proparco has dug in its heels. “A lot of things are cooking,” says Diane Jegam, regional director for South Asia at Proparco, which is now ......
Grapevine: Smallcase, Peak XV Partners, Carlyle, and Quest Global in news
Smallcase is in talks to raise over $50 million and Carlyle Group Inc. is weighing an initial public offering for one of its engineering services portfolio firm, according to various media reports. Smallcase Smallcase, a Bengaluru-based fintech, is in talks to raise over $50 million (over Rs 420 crore) through a ......
Sector Scan: Fresh slippages add to asset quality woes of MSME-focused NBFCs
Non-bank lenders enjoyed two years of high growth post COVID-19 as a pent-up demand in the economy led to a ripple effect and balance sheets ballooned unabated. Customers, too, were also disciplined in servicing their loans, leading to a lot of money being pumped into the sector. However, many such ......
Welspun One looking to double portfolio in three years, plans new fund
Homegrown warehousing development and asset management platform, Welspun One, is looking to double its portfolio in the next three years, the company said Wednesday. In a bid to pursue this, Welspun One is also set to roll out another fund that could be almost double the size of its last ......
Gulf VC MEVP onboards Saudi LP for $150 mn Fund IV
Middle East Venture Partners (MEVP), a Gulf-focused venture capital firm that backs early and growth-stage tech startups has secured the backing of a Saudi state-owned investor as a limited partner for its $150-million target fourth investment vehicle. The Dubai-headquartered VC firm, which manages assets worth over $300 million has secured an ......
Blue Tokai backer White Whale Ventures plans secondaries fund
Mumbai-based financial services firm White Whale Partners, which has a venture capital arm and also offers portfolio management services, is planning to roll out a secondaries fund within the next few months, a person aware of the development told VCCircle. White Whale, which has invested in companies such as coffee brand ......
Foundation PE set to launch its maiden India-focused fund
Singapore-based Foundation Private Equity is all set to launch its maiden India-focused fund to invest in homegrown companies, two people aware of the development told VCCircle. Foundation PE, which was launched in 2017 by Jason Sambanju and Jeremy Foo and acquired all limited partner (LP) interest in the first fund of early-stage venture ......
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