Playbook Partners marks first close of maiden fund
Playbook Partners, a growth-stage focused investment firm set up by founding partner of Pivot ventures Vikas Choudhury, has marked the first close of its maiden fund launched earlier this year. The alternative investment fund had received approval from market regulator Securities and Exchange Board of India in December last year. It ......
Harshila Gujar's Guide in Building Strong Relationships with Diverse Suppliers
In today’s competitive business landscape, optimizing supplier diversity processes has become essential for organizations aiming to enhance inclusivity and drive sustainable growth. Embracing diverse suppliers not only fosters a more equitable supply chain but also opens avenues for innovation and community engagement. The implementation of effective supplier diversity strategies ensures ......
Flexiloans snags $35 mn in Series C round from three new backers
Lending startup Flexiloans has raised Rs 290 crore ($34.5 million) in a Series C round from global impact investors Accion and Nuveen, along with Nandan Nilekani’s venture capital firm Fundamentum, a top executive told VCCircle. Dane private equity firm Maj Invest, an existing backer, also participated. The equity capital will allow Flexiloans ......
PE firm Recognize picks up majority stake in Blue Mantis
Recognize, a private equity firm that backs businesses in the digital services industry, Tuesday said it has picked up a majority stake in information technology service provider Blue Mantis. Meanwhile, American PE firm Abry Partners that had backed the company in 2020, will continue as a minority investor. Financial details of ......
MENA Digest: Deal activity picks up with two big Series A funding
Fintech startups in the Middle East and North Africa region accelerated the dealmaking activity this week led by UAE’s Ziina and Saudi startup Malaa. The two raised double-digit Series A funding. Other startups that secured funding include Saudi SaaS provider Reachware, Tunisian cleantech player WattNow, HRtech startup Cercli, Also, Saudi-based unicorn ......
How Wipro Ventures’ startup, LP journey shaped up in FY24
Wipro Ventures, the corporate investment arm of software services giant Wipro Ltd, saw only a marginal increase in the value of its portfolio in the financial year 2023-24, even though it continued to invest in tech startups, as well as in other venture capital funds as a limited partner. Wipro’s VC arm saw its ......
TPG-backed Fractal Analytics brings back AI firm Eugenie into its fold
Fractal Analytics, an analytics unicorn that counts private equity firms TPG and Apax Partners as its investors, said Wednesday it has merged artificial intelligence company Eugenie AI with itself. Fractal plans to use the expertise of Eugenie, which provides products for climate change and industrial sustainability, to expand its portfolio, the ......
Jhunjhunwala family-backed IKS Health may trim IPO size
IKS Health, a Mumbai-based healthtech platform majority owned by the late stock market investor Rakesh Jhunjhunwala’s Rare Enterprises, is contemplating a reduction in the size of its initial public offering (IPO), a person familiar with the matter told VCCircle. IKS Health, operated by Inventurus Knowledge Solutions Ltd, filed a draft red ......
Grapevine: Amazon nears Axio acquisition; PEs in race for Eye Foundation
Amazon is close to its second acquisition in the Indian fintech space, after Emvantage, a media report said. The company is in advanced talks to acquire online lending platform Axio (formerly Capital Float) for $150-175 million (Rs 1,256-1,465 crore) in an all-cash deal, Entrackr reported, citing people familiar with the matter. This would ......
HCL Tech to acquire French software firm at €24 mn valuation
HCL Technologies Friday said it will acquire France-based software firm Zeenea SAS at a valuation of €24 million (about Rs 220 crore) to help expand its data and analytics business offerings. The acquisition will be made through HCL Technologies UK, a wholly-owned subsidiary of the Indian IT major. The all-cash deal ......
Recommended for you
Google News
Follow VCCircle on Google News for the latest updates on Business and Startup News