Multiples PE-backed Quantiphi, IAN bet on Transcell Biologics
Transcell Biologics, a Hyderabad-based biotech startup, has raised funding from artificial intelligence company Quantiphi Inc and Indian angel investment network IAN Group. The company said in a statement the investment would help it expand its client base and implement the Digital Animal Replacement Technology (DART) for the biotech and pharmaceutical industry. It ......
PE-backed Vastu Housing Finance secures $50 mn from US development financier
Vastu Housing Finance has received a loan of up to $50 million from United States International Development Finance Corporation (USDFC) in the form of external commercial borrowings, for a tenure of 20 years. The company will utilise the loan to enhance credit access for low income borrowers and enable women’s home ownership ......
Former TPG NewQuest exec floats PE fund for growth stage bets
A former senior executive of TPG NewQuest, which has invested in companies such as ShadowFax, Halonix Technologies, and U Gro Capital, among others, has floated a new firm that will make investments across startups, growth stage companies, and public firms, VCCircle has learned. TPG NewQuest is a part of private equity firm TPG. Sachin ......
Grapevine: Aragen Life, Urban Company investors weigh stake sale
Promoters and investors in Aragen Life Sciences, the Goldman Sachs-backed contract research organisation (CRO), plan to sell a 10% stake in a pre-IPO round, valuing the company at Rs 10,000-12,000 crore ($1.5 billion), a media report said. Potential investors, including Quadria Capital and Denmark-based pharmaceutical firm Novo Nordisk, are in early talks for a minority stake, ......
Bluepeak strikes largest bet from inaugural fund
Bluepeak Private Capital, an alternative asset management firm that backs mid-market companies in Africa, has invested in an agro-commodities processor and exporter, marking the eighth commitment from its inaugural fund. The Tunisia-based investor with a presence also in Nairobi and London, has committed a $25 million investment in Robust, a pan-African ......
Xponentia-backed The Souled Store back to profit as product mix, lesser marketing spends pay off
Direct-to-consumer pop-culture apparel brand The Souled Store, which is backed by venture capital firm Elevation Capital and growth-stage investor Xponentia Capital Partners, bounced back into the black for FY24, a senior executive told VCCircle. The Mumbai-based company's net profit likely jumped to Rs 10-15 crore in 2023-24, compared with a loss of ......
PE firms mull buying stake in Apex Hospitals as existing backer seeks exit
Rajasthan-based Apex Hospitals Pvt. Ltd is being evaluated by multiple private equity players for a potential stake buy, as current investor Somerset Indus Capital Partners seeks a full exit from the five-year old investment, it is learnt. According to at least two people aware of the development, mid-market healthcare-focussed PE firms ......
South African PE Metier strikes seventh bet from sustainability-focused fund
Metier, an Africa-based private equity firm that backs growth-stage companies in Sub-Saharan Africa struck its seventh bet from its renewable energy and sustainability-focused investment vehicle in a submarine telecommunications cables recycling firm. The Johannesburg-based investment manager has backed Mertech Marine, a South African recovery and recycling entity for out-of-service submarine telecommunication cables. ......
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