Adani Group stocks plunge after US indictments
Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme. Gautam Adani's flagship company Adani Enterprises tumbled 23%, while Adani Ports, Adani Total Gas, Adani Green, ......
Doodhvale Farms Raises $3M in Atomic Capital-Led Round to redefine India's Premium Dairy Sector
Doodhvale Farms, a leading innovator in India's premium dairy sector, today announced the successful closure of a $3 million funding round. The round was led by Atomic Capital, with Singularity Early Opportunities Fund joining as a major co-investor. The round also saw participation from Bharat Founders Fund and Indigram Labs ......
Zepto mops up another $350 mn in an entirely domestic funding round
Quick commerce startup Zepto Friday said it has raised $350 million (around Rs 3,000 crore) in its latest fundraise from domestic investors, including HNIs, family offices, and leading financial institutions. The fundraise brings the total capital raised by the company to more than $1.35 billion. The fundraiser was led by Motilal Oswal ......
Ethos PE spinout Infinite Partners set to acquire fibre infra firms
Infinite Partners, a South Africa-based mid-market private equity firm spun out from Ethos PE, is set to acquire a slew of fibre infrastructure and connectivity-providing companies, deploying from its tech-focused investment vehicle launched last year. The Sandton-headquartered PE firm, which was established in 2022 after its parent company Ethos Private Equity ......
'The corrupt solar project': US findings related to the $265 mn bribery charges on Adani
Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for conspiring with executives of a formerly New York listed company to devise a $265 million scheme to bribe Indian officials to boost their solar energy business. Adani Group denied the allegations as "baseless", while Indian government officials haven't commented so ......
Cricstudio Inc: Driving Differentiation in Cricket Retail with Trust, Technology, and Accessibility
In a fragmented, highly unorganized cricket retail market, Cricstudio Inc. has emerged as India’s fastest-growing cricket brand, bridging the trust gap between customers and businesses. With 13 stores worldwide, Cricstudio has redefined the cricket shopping experience, gaining the loyalty of both amateur and professional cricketers alike. The brand's commitment to ......
Grapevine: Warburg Pincus, Micro Life Sciences, Ola Electric, and KPMG in news
Micro Life Sciences is in talks to raise about funds, Ola Electric is cutting nearly jobs across teams as part of a restructuring and KPMG India's deal advisory unit is set for another leadership shakeup, according to various media reports. Micro Life Sciences Micro Life Sciences, India’s largest medical devices company, ......
Inflexor's Mazumdar on the firm's second and third funds, thesis and more
Inflexor Ventures, technology-focussed venture capital firm, earlier this month announced the first close of Inflexor Opportunities Fund, which it will use to partly fund the acquisition of the entire portfolio of its earlier vehicle. The firm is targeting to raise a corpus of Rs 350 crore by this month. A major ......
Venture capital firm RPSG Capital to rope in top Orios executive
Early-stage venture capital firm Orios Venture Partners, which is an investor in companies like Country Delight, ixigo, BeatO and Pharmeasy, suffered another top management exit, a year after partners Anup Jain and Rajeev Suri quit to float their own firm. Currently deploying capital from its $120-million fund, Orios’ chief financial and ......
Exclusive: Manipal family office Claypond strikes control-oriented deal in healthcare
Ranjan Pai-led Manipal Group, which gave up control in its flagship enterprise Manipal Hospitals to Singapore’s state investment firm Temasek a year ago, has now inked a control-oriented deal in the healthcare space via its family investment office Claypond Capital, VCCircle has gathered. The family office - active in dealmaking after ......
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