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 ......
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 ......
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 ......
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 ......
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 ......
Pepperfry-backer Panthera Growth sets sight on $300 mn fund next year
Singapore-based Panthera Growth Partners (PGP), whose portfolion includes BigBasket, Pepperfry, and Zivame from its first two funds, plans to soon launch its third investment vehicle, at least two people aware of the matter told VCCircle. The growth-stage venture capital firm, which seeks to invest in technology, infrastructure, analytics, and software-as-a-service sectors ......
Former Brand Capital executive Rajesh Sharma floats own fund
Rajesh Sharma, a seasoned leader in private equity and venture capital, has announced the roll out of a new fund aimed at identifying and investing in high-growth sectors. Sharma, who previously served as director at Brand Capital, the private equity and venture capital arm of The Times Group, brings over two ......
Former 360 One exec floats private equity firm for bets on emerging themes
A former senior partner at alternatives asset management fund 360 One (formerly IIFL Wealth & Asset Management) has floated a new private equity firm to invest in companies operating in emerging sectors. The PE firm, which will back companies in sectors across healthcare, enterprise tech, industrials and consumer, has been floated by ......
VC firm MEVP marks second full exit from Fund II, DPI reaches 118%
Gulf-focused venture capital firm Middle East Venture Partners (MEVP), which invests in early and growth-stage tech startups and is currently deploying from its fourth investment vehicle, marked its second full exit from its Fund II, in a cross-border acquisition of its portfolio company. This comes nine months after the first ......
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