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 ......
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 ......
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 ......
Peak XV-backed Zetwerk closes Series F round, prepares for public listing
Zetwerk, a business-to-business (B2B) manufacturing services marketplace backed by marquee investors such as Peak XV, Accel and Avenir Growth Fund, has closed its Series F funding round that values the unicorn 15% higher than its last valuation, a senior executive told VCCircle. The Bengaluru-based startup, which entered the coveted unicorn club in 2021, ......
Former Indian cricketer set to start new innings with VC fund for sports ventures
A former Indian cricketer, who played all formats of the game in an international career spanning more than a decade, will soon roll out a venture capital fund, VCCircle has learnt. The fund will be headquartered in Abu Dhabi and has received approval from the regulator of the Abu Dhabi Global Market, ......
Belgium's KOIS to set up fund for bets in assistive medtech sector
Belgian impact investor KOIS Invest is partnering with Washington-based incubator for transformational social impact ventures, Global Development Incubator (GDI) to launch a healthcare-focussed fund targetting the assistive technology sector, a person familiar with the matter told VCCircle. The Brussels-headquartered firm, along with the Disability Impact Project (DIP), an initiative incubated by ......
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 ......
Former Indian cricketer sets up sports-focused VC fund in Abu Dhabi
A former Indian cricketer, who played all formats of the game in an international career spanning more than a decade, will soon roll out a venture capital fund headquartered in Abu Dhabi, VCCircle has learnt. The fund has received approval from the regulator of the Abu Dhabi Global Market, a person close ......
Bottomline: Multiples PE-backed Shubham Housing sustains loan growth, profitability
Shubham Housing Development Finance Company, a darling of private equity firms, has clocked a steady growth in its assets under management and profitability for the financial year ended March 2024. Further, early data from the current financial year indicate that company’s financial metrics have remained steady. The company’s net profit rose ......
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