Grapevine: JSW Energy, Lite Bite, BluPine, Table Space, and HDB Financial in news
JSW Neo Energy has emerged as the frontrunner to acquire O2 Power and shareholders of Lite Bite Foods is in talks to sell a minority stake, according to various media reports. Also in news, investment bankers have approached Actis with potential offers for BluPine Energy, Table Space has started work ......
Grapevine: Avendus Capital, Imperial Blue, KKR, OTPP, Akzo Nobel, InCred, and Enel Group in news
The sale process of Pernod Ricard’s Imperial Blue whiskey, Akzo Nobel India Ltd, Enel Group’s renewable energy assets in India and KKR’s stake in Avendus Capital has gathered momentum, according to various media reports. Also in news, KKR and OTPP are set to invest in Highways Infrastructure Trust and InCred ......
Pi Ventures bets on Quanfluence; Kirana Pro raises early-stage funding
Photonic quantum technology startup Quanfluence and quick commerce startup KiranaPro have raised early-stage funding, companies said on Wednesday. Quanfluence Quanfluence has raised $2 million in a seed funding round led by pi Ventures, with participation from Golden Sparrow, Quantum Ecosystems Founder and CEO Reena Dayal, and others. The company plans to utilise the ......
Prorata Secures Undisclosed Strategic Investment from Hindustan Media Ventures Limited, Propelling India’s First Fractional Car Ownership Platform to New Heights
Prorata, a Bangalore-based start-up, has announced a strategic investment from Hindustan Media Ventures Limited (HMVL), further accelerating the growth of India’s first fractional car ownership platform. The funding underscores the company’s innovative approach to revolutionizing how Indians experience premium, luxury, and off-road vehicles. Revolutionizing Car Ownership in India Founded by visionary entrepreneur ......
Sorenson Capital, PayPal Ventures back Bureau in Series B round
Bureau, a business-to-business (B2B)-focused identity verification and fraud protection platform, said Tuesday it has raised $30 million (about Rs 250 crore) in Series B funding led by American venture capital firm Sorenson Capital, a top executive told VCCircle. PayPal Ventures, the global corporate venture arm of PayPal, also joined as a new ......
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 ......
MENA Digest: UAE startups lead funding activity; CredibleX, Anghami secure $55 mn each
UAE tech startups led funding activity in the Middle East and North Africa region this week, raising growth capital to expand their businesses. While Web3 banking startup Klickl raised double-digit growth funding, fintech CredibleX secured a mix of equity and debt capital to scale its business. Other startups that raised ......
Micro VC firm Warmup Ventures floats second fund with $35 mn target
Jaipur-based micro venture capital firm Warmup Ventures Tuesday said it has launched its second investment vehicle, Warmup Fund II, with a target corpus of Rs 300 crore ($35.3 million). The fund, which will primarily invest in seed and pre-seed stage companies, has a sector-agnostic approach but will prioritise investments in areas such ......
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 ......