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, ......
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 ......
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 ......
UAE’s Key Capital eyes first close of debut secondaries fund, builds deal pipeline
Key Capital, a UAE-based investment firm focused on secondaries transactions, is raising its debut fund and is aiming to hit the first close as early as next month, a top executive told VCCircle. The fund was floated earlier this year and is targeting a corpus $50 million. It will be one ......
Gulf VC MEVP onboards Saudi LP for $150 mn Fund IV
Middle East Venture Partners (MEVP), a Gulf-focused venture capital firm that backs early and growth-stage tech startups has secured the backing of a Saudi state-owned investor as a limited partner for its $150-million target fourth investment vehicle. The Dubai-headquartered VC firm, which manages assets worth over $300 million has secured an ......
Grapevine: Smallcase, Peak XV Partners, Carlyle, and Quest Global in news
Smallcase is in talks to raise over $50 million and Carlyle Group Inc. is weighing an initial public offering for one of its engineering services portfolio firm, according to various media reports. Smallcase Smallcase, a Bengaluru-based fintech, is in talks to raise over $50 million (over Rs 420 crore) through a ......
8i Ventures, Antler top-up bets on local telematics player
Venture capital firms 8i Ventures and Antler have invested in a telematics startup in its ongoing seed round, roughly six months after they bet on the company in its pre-seed round, it is learnt. 8i - a backer of companies like Blue Tokai, Slice, M2P, Creditail, Triple-A, amongst others - along with ......
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