UAE conglomerate Al Nowais’ arm to get another backer for Egypt solar project
AMEA Power, the clean energy arm of the UAE-based conglomerate Al Nowais Investments, is set to secure an investment commitment from a large global financial institution for its Egypt-based solar project. The Dubai-headquartered firm, which has over 1.2GW of clean energy projects either in operation or under construction in Burkina Faso, ......
Sahyadri Farms raises $46 mn, adds new investors to cap table
Farmer led-Sahyadri Farms Post Harvest Care ushered in new foreign impact investors to its cap table as it raised Rs 390 crore (approximately $46 million) as part of its second round of funding. Europe-based private equity fund responsAbility and US-based PE fund GEF Capital Partners have invested Rs 390 crore in ......
Deals Digest: Momentum slows again after stellar preceding week
The five-day period ended 20 December saw funding activity decline to nearly a third of the previous week’s high base of about $900 million, data collated by VCCircle showed. The week was particularly slow for the mergers and acquisitions deal category as well. Companies backed by private equity and venture capital ......
UAE conglomerate’s clean energy arm to get European backer for Egypt solar project
AMEA Power, the renewable energy arm of UAE-based conglomerate Al Nowais Investments, is set to secure an additional investment commitment from a European institutional investor for its Egypt-based solar project. The Dubai-headquartered firm, which has a clean energy pipeline of over 6 GW across 20 countries, is likely to get the ......
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 ......
LightRock-backed WayCool's co-founder steps down from executive role
One of the two co-founders of Chennai-based WayCool will exit executive role at the company after nearly a decade of leading the agritech startup that is backed by the likes of LightRock. WayCool, which recently raised Rs 100 crore in debt funding from Grand Anicut and is also backed by other ......
Jungle Ventures adds new LP for fifth fund, hits first close
Southeast Asia- and India-focused venture capital firm Jungle Ventures has brought on board a new limited partner for its fifth fund and hit the investment vehicle’s first close. The Singapore-based VC firm, which counts unicorn startups such as home interior startup Livspace and business-to-business marketplace Moglix in its India portfolio, has received a ......
African PE Bluepeak strikes eighth bet from inaugural fund
Bluepeak Private Capital, an Africa-focused alternative asset management firm that backs mid-market companies has struck the eighth bet from its inaugural fund, investing in a disposable hygiene products maker. The Tunis-headquartered investor, which also has offices in Nairobi and London, has committed $15 million to Sancella, a manufacturer, importer, and distributor ......
Shell-backed Orb Energy starts Series D fundraising, aims $48 mn
British oil major Shell-backed Orb Energy, which is an integrated solar energy solutions provider, has initiated the process for its Series D round of funding, a top executive told VCCircle. The Bengaluru-based company, which provides end-to-end solar power solutions, including manufacturing, designing, installing, servicing and financing of solar panels for its ......
African PE Mediterrania eyes final close of Fund IV with oversubscription
Mediterrania Capital Partners, a Malta-based private equity firm that manages assets worth $800 million, is aiming to conclude fundraising of its fourth investment vehicle by the end of the current year with an oversubscription, having already raised over three-fourths of the target, according to a top company executive. The Valletta-headquartered PE ......
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