Equirus Capital buys into insurance broking firm
Financial services firm Equirus Capital has received regulatory approval to acquire a stake in an insurance broking firm, as it looks to increase its exposure to the segment it entered three years ago. Equirus said Friday it will buy the stake in Mumbai-based Raghnall Insurance Brokers. It didn’t disclose any financial terms ......
Blume-backed Optimo Loan may tap new international investor in fresh fundraise
Small business-focused lending startup Optimo Loan, which was launched by Easemytrip’s co-founder Prashant Pitti and is backed by venture capital firms Blume Ventures and Omnivore, is planning a second round of fundraising with a new investor also set to join its cap table, a person familiar with the matter said. The ......
MENA Digest: UAE’s SaaS startup Seez leads funding activity this week
UAE-based automotive SaaS startup Seez led fundraising activity in the Middle East and North Africa (MENA) region this week, as it secured growth capital funding from several international investors to expedite its geographical expansion plans. Besides, Algerian ed-tech startup LabLabee and Saudi vacation property rental startup Darent secured seed funding, ......
VC-backed Astrotalk doubles FY24 revenue, eyes repeat performance
Astrotalk, backed by New York-based venture capital firm Left Lane Capital and domestic growth-stage investor Elev8 Venture Partners, is aiming to double its revenue in the current financial year ending March 2025, after a similar topline performace last fiscal, a top executive told VCCircle. The Delhi-based startup reported a 2.3x jump in ......
Exclusive: FIFA likely to acquire stake in partner host broadcast company
The Fédération Internationale de Football Association (FIFA), the global football governing body, is set to acquire a 50% stake in its Switzerland-based specialist host broadcast organization, VCCircle has gathered. Zurich-headquartered FIFA, which organizes international football tournaments including the FIFA World Cup and the FIFA Women's World Cup, will acquire the stake ......
Oorja Energy, Jiraaf backer Capital A floats second VC fund
Capital A, a venture capital firm led by Ankit Kedia, who was previously the promoter and director at plastic packaging solutions Manjushree Technopack Ltd, has floated its second fund. The firm, which focuses on early-stage investments, has filed its papers with Securities and Exchange Board of India (SEBI) for a category ......
Cipla Health weighs controlling stake in PE-backed nutrition brand
Cipla Health Ltd, the wholly-owned subsidiary and consumer healthcare arm of Cipla, is evaluating a majority stake purchase in a private equity-backed nutrition brand as part of the parent company's focus on expanding its presence in the wellness sphere, at least two people aware of the development told VCCircle. The company, ......
Deals Digest: PE-VC investment value doubles as EQT, Warburg sign big cheques
Private equity and venture capital firms signed several big cheques this week, pushing their total investments in Indian companies to the highest level in three months, according to data collated by VCCircle. Three deals were valued above $100 million this week while the amount invested by PE and VC firms touched ......
Bottomline: NIIF-controlled Ayana loses momentum as revenue growth slows, profit slumps
The financial year 2023-24 was not a particularly fruitful one for green energy company Ayana Renewable Power Pvt Ltd as it recorded a decline in its net profit and a slowdown in revenue growth. Ayana, which is 51% owned by the Indian government-backed National Investment and Infrastructure Fund (NIIF) and counts ......
Grapevine: Temasek eyes hospital chain; Thyrocare weighs radiology ops divestment
Temasek Holdings is nearing a deal to acquire Peak XV's 18-20% stake in Bengaluru-based Cloudnine Hospitals for around $125 million (Rs 1,046 crore), a media report said. The transaction, which has been under negotiation for over 18 months, values the hospital chain at approximately $600 million, Mint reported, citing people aware of the matter. Peak XV, ......
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