'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 ......
Bottomline: How a multi-crop strategy boosted Sahyadri Farms’ growth
Sahyadri Farms Post Harvest Care Ltd managed to almost double its revenue and triple its operating profit over the three years through March 2024 as it expanded beyond grape exports, although topline growth could moderate in the current year. The operator of farms for fruits and vegetables recorded high growth ......
Deal activity slow, but Indian wine sector may see more JVs: Report
By Prithvi Durai Deal activity in the Indian wine industry may seem to have stagnated, but several international wine brands are likely to forge joint ventures and partnerships with Indian players with evolution of India’s wine culture, Prowess Advisors said in its latest report, pegging the sector as “moderately attractive”. There ......
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 ......
Sector Scan: How India’s diagnostics players plan to recover after COVID boom
After witnessing some of its best years during the COVID-19 pandemic, India’s diagnostics companies landed in a soup during the financial year-ended 2023. As the country’s concerned populace was prompted to take tests during the ranging pandemic through FY21-22, these companies witnessed record high revenues in those years, only to have ......
After Swiggy, another portfolio firm of Prosus draws up plan for mega IPO
Global technology investor Prosus had recently monetised its investment in Swiggy when the food delivery and quick commerce company went for a public listing. Now, Prosus is readying another of its portfolio firm, for yet another mega IPO. Homegrown ecommerce player Meesho, which competes with the likes of Amazon and ......
How much upside KKR is sitting on in its two-year old bet as new investor comes in
Global private equity giant KKR seems to be sitting on a decent upside, two years after it bet on hybrid seeds company Advanta Enterprises Ltd, also a subsidiary of farm solutions company UPL Ltd, even as the private seed company attracted another investor on its cap table. Now, US-based Alpha Wave ......
KKR-backed Advanta Enterprises adds Alpha Wave to its cap table
US-based private equity firm Alpha Wave Global will pick up a 12.5% stake in hybrid seeds company Advanta Enterprises Ltd for $350 million (Rs 2,950 crore), joining global investor KKR on the cap table. Alpha Wave’s investment, which will be made from Alpha Wave Ventures II fund, will be done through a ......
Grapevine: Gaja Capital, Lightspeed, SolarSquare, Omnivore VC, and Farmley in news
Gaja Capital has set in motion its plan for a public listing while Lightspeed Venture Partners and Omnivore are likely to invest in a renewables company and a dry fruit brand, respectively, according to various media reports. Gaja Capital Domestic private equity firm Gaja Capital plans to go public and aims ......
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