All In Capital unveils second early-stage VC fund, marks first close
Early-stage venture capital firm All In Capital, which has backed startups such as PierSight Space, MasterChow, and Wint Wealth, has launched its second fund and marked its first close, nearly three years after it closed its debut vehicle. The firm, set up by former upGrad executive Kushal Bhagia and former Stride ......
Grapevine: KKR, PhysicsWallah, Drishti IAS, Bain Capital, Emcure, Prosus in news
Private equity firm KKR is in talks to acquire Leixir Dental Laboratory, which operates six dental laboratories in the US and a digital design and manufacturing facility in Gurugram, a media report said. KKR is looking to buy Leixir from US-based Comvest Investment Partners at a valuation of $200-$250 million, The ......
Inside Adenia Partners’ game plan for new PE fund to back small, mid-size firms
Adenia Partners, an Africa-based private equity firm that marked the final close of its $470 million fifth fund with an oversubscription last year, is raising a new investment vehicle to back small- and mid-cap opportunities across the continent, a top executive told VCCircle. The new fund will run concurrent to its flagship vehicles that back ......
Grapevine: PhysicsWallah, Apax Partners, Supertails, 10Club, Deep Rooted in news
Edtech unicorn PhysicsWallah has filed draft papers through the confidential pre-filing route to raise Rs 4,600 crore via an initial public offering, a media report said. The IPO will primarily consist of a fresh issue of shares and will also have an offer for sale by existing investors, Moneycontrol reported, citing people aware ......
Grapevine: Uber, BluSmart, Statkraft, Farallon Capital in news
Ride-hailing company Uber Technologies is in early talks to acquire Gurugram-based electric cab service provider BluSmart Mobility, a media report said. The potential deal could strengthen Uber’s presence in India’s EV cab segment, The Economic Times reported, citing people aware of the development. The discussions come as BluSmart co-founder Anmol Singh Jaggi’s ......
Why PhysicsWallah backer WestBridge is still keen on edtech despite Byju’s downfall
Private equity firm WestBridge Capital will continue to look for investment opportunities in India’s edtech sector, a top executive told VCCircle, as the backer of PhysicsWallah and Adda247 remains convinced about the segment’s growth potential despite the downfall of Byju’s. Indian edtech startups bloomed during the pandemic years thanks to a ......
DIFC to launch 'plug-and-play' Funds Centre to boost hedge fund growth
Dubai’s financial hub, the Dubai International Financial Centre (DIFC), home to over 6,900 active companies and 75 hedge funds, is preparing to launch a first-of-its-kind ‘plug and play’ Funds Centre for investment managers this quarter. The move, which aims to reduce their ‘time to market’ by up to six months, ......
How Fireside, Strides-backed Sweet Karam Coffee was valued as it gets new VC backer
Sweet Karam Coffee India Pvt. Ltd, a Chennai-based snacking brand backed by early-stage consumer-focused venture capital firm Fireside Ventures and venture debt investor Stride Ventures, has raised funding from a new VC firm. Sweet Karam Coffee, which offers South Indian sweets and snacks as well as filter coffee, has secured $8 ......
Proparco bets on microlender Pahal Financial
Proparco, the private-sector financing subsidiary of France’s public financial institution Agence Française de Développement (AFD), has injected capital into an Ahmedabad-based microfinance company. The funding comes at a time when the broader microfinance industry in India is facing challenges due to asset quality stress and rising delinquencies across various loan sizes. Pahal ......
Grapevine: Brookfield, KKR, Kotak Alts, Weikfield Foods in news
Canadian alternative investment firm Brookfield Asset Management Inc is in talks to acquire a majority stake in Indian waste and environmental management firm Re Sustainability from private equity firm KKR, a media report said. KKR had invested $530 million in Re Sustainability, then known as Ramky Enviro Engineers Ltd, in August ......
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