Grapevine: Haldiram, Alpha Wave Global, Jar, Prosus, GIC, and BharatPe in news
Alpha Wave Global has joined the race for a minority stake in Haldiram Snacks Food, while Prosus is in advanced talks to lead a funding round for fintech startup Jar, according to various media reports. Also in news, Singapore’s GIC is exploring the options for its stake in Greenko Energy ......
First Bridge nears halfway mark for second PE fund, gets new LP
Indian private equity firm First Bridge has brought on board a new limited partner for its second fund as it reaches closer to touching the investment vehicle’s halfway mark, VCCircle has gathered. The Mumbai-based PE firm, led by former Future Group executive KK Rathi and former India Resurgence Fund executive Vishal ......
Rayzon Solar plans to go public as IPO boom draws renewable energy firms
Surat, Gujarat-based solar panel manufacturer Rayzon Solar could soon move to float an initial public offering (IPO), joining a growing number of renewable energy companies tapping the capital markets. The company is looking to file its draft papers with the capital markets regulator Securities and Exchange Board of India in coming ......
Deals Digest: Funding momentum rises again propelled by Fairfax, Prosus deals
The funding momentum from private equity and venture capital was on an uptick this week, as per data collated by VCCircle. Larger deals pulled up this week's funding value. Private equity and venture capital investments jumped by 4.6x to $541 million against previous week’s low base of about $117 million. Two ......
Asha Ventures sets timeline for final close of $100 mn debut fund
Impact-focused fund Asha Ventures, which is currently raising capital for its debut fund, has set a timeline for the final close of the investment vehicle, a top executive told VCCircle. The firm is targeting a corpus of about $100 million (Over Rs 840 crore) for Asha Ventures Fund-1 and had marked the ......
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 ......
Grapevine: Prosus, Mintifi, Wilson & Hughes, Cox & Kings, Orkla, NARCL in news
Prosus may buy a minority stake in a Indian supply-chain financing startup, while Wilson & Hughes PTE has acquired the Cox & Kings brand through the insolvency process, according to various media reports. Also in news, the Indian arm of Norwegian conglomerate Orkla ASA has selected bookrunning managers for its listing ......
Grapevine: Boat, Zomato, Brookfield, Porter, Piramal-Bain ARC, Oyo, MPL in news
Gentari Sdn Bhd has agreed to acquire a renewables portfolio from Brookfield Asset Management, while Zomato has enlisted Morgan Stanley, and Boat has appointed bankers for their QIP and IPO, respectively, according to various media reports. Additionally, private equity (PE) firms are in talks to invest in Porter, Mobile Premier ......
Grapevine: Jubilant Group, Goldman Sachs, HDFC, Zetwerk, and LG Electronics in news
The Bhartia family is in talks with a marquee investment bank to jointly acquire stake in Hindustan Coca-Cola Beverages, while HDFC Bank plans to sell several commercial properties inherited from its merger with mortgage lender HDFC, according to media reports. Also in news, Peak XV-backed Zetwerk is exploring fundraising options, ......
Grapevine: Temasek nears VFS stake deal; LG Electronics taps banks for India IPO
Temasek Holdings Pte is nearing a deal to acquire a significant minority stake in VFS Global, valuing the visa outsourcing firm at around $7 billion, including debt, a media report said. The Singapore state-owned investor is expected to purchase about 20% of the company, which is majority-owned by Blackstone Inc., Bloomberg reported, citing people ......
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