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, ......
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 ......
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 ......
Bluepeak strikes largest bet from inaugural fund
Bluepeak Private Capital, an alternative asset management firm that backs mid-market companies in Africa, has invested in an agro-commodities processor and exporter, marking the eighth commitment from its inaugural fund. The Tunisia-based investor with a presence also in Nairobi and London, has committed a $25 million investment in Robust, a pan-African ......
Elevation-backed Aye Finance aims to more than double AUM, triple profit by FY27
Aye Finance, a non-banking finance company which lends to micro, small and medium sector enterprises (MSME) in India, aims to more than double its assets under management (AUM) and triple its profit by the financial year 2026-27, the company’s chief executive told VCCircle. Sanjay Sharma, who is also Aye Finance’s ......
Most Popular
Google News
Follow VCCircle on Google News for the latest updates on Business and Startup News