BluSmart backer Green Frontier Capital launches maiden VC fund
Climate-focussed venture capital firm Green Frontier Capital, which has backed companies such as BluSmart, Battery Smart, KisanKonnect, Nutrifresh, and ElectricPe, has launched its maiden SEBI-approved alternative investment fund. The Green Frontier Capital India Climate Opportunities Fund, which has a targeted corpus of Rs 1,500 crore, will focus on investing in “transformative” climate ......
Grapevine: Jubilant Group, Goldman Sachs, HDFC, Zetwerk, and LG Electronics in news
The Bhartia family is in talks with a marquee investment bank to jointly acquire stake in Hindustan Coca-Cola Beverages, while HDFC Bank plans to sell several commercial properties inherited from its merger with mortgage lender HDFC, according to media reports. Also in news, Peak XV-backed Zetwerk is exploring fundraising options, ......
Ennoventure, BiteSpeed, Zeplyn, two others raise early-stage funding
Ennoventure, BiteSpeed, Zeplyn, Pikndel and LegalKart secured early-stage cheques from various venture capital firms and investors, the companies said Wednesday. Ennoventure Ennoventure, a SaaS company providing brand protection and authentication services, has closed its Series A funding, bagging $8.9 million (Rs 75 crore) in a round led by Singapore-based Tanglin Venture Partners. The ......
Kunal Shah-backed Blox buys into real estate advisory firm Guardians
Kunal Shah-backed proptech platform Blox, which provides tech-enabled homebuying experience, said Wednesday it is buying an 11% stake in Guardians, a Mumbai-based real estate advisory firm, for about $12 million (Rs 101 crore). The company plans to increase its stake in Guardians to 50% over the next three years, it said ......
Tiger Global-backed Dealshare’s revenue slumps 75% in FY24
Tiger Global-backed ecommerce startup Dealshare, which shut its business-to-business vertical and laid off several employees in the process last year, saw its net sales in the financial year through March 2024 shrink to about a fourth of the previous year’s level. The startup, which moved its headquarters to Gurugram from Jaipur during ......
Realty investor Build Capital wraps up fundraising for maiden vehicle
Mumbai-based Build Capital, a real estate-focused asset manager investing in the city’s market, has wrapped up fundraising for its maiden investment vehicle, the company said on Wednesday. The asset management firm has raised about Rs 40 crore for the maiden vehicle, Build Nivesh LLP, in line with its target corpus. The fund, ......
Swiggy delivers 17% surge in trading debut as investors bet on quick commerce
SoftBank-backed Swiggy's shares ended nearly 17% higher in their trading debut in India on Wednesday, signalling growing investor confidence in food and grocery delivery firms as shoppers increasingly go online and want fast deliveries. Swiggy's shares bucked a sharp selloff in the broader Indian markets and recorded a better first-day performance than some analysts ......
Bottomline: How CleanMax fared in first year under Brookfield’s control
In April last year, Canadian alternative asset manager Brookfield signed a deal to ramp up its India renewable energy portfolio. The deal, announced in June last year, involved Brookfield investing $360 million (about Rs 3,000 crore) via a primary infusion of capital and a secondary share purchase to acquire a ......
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