Eight Roads-backed PlasmaGen Bio snags funding, valuation nears $170 mn
PlasmaGen Biosciences, a biopharmaceutical company which counts investors such as Eight Roads Ventures in its captable, has raised capital from a biopharma company and family offices to scale up its operations and international presence. The Bengaluru-headquartered company, which in October named a former Abbott India executive as the chief executive, has ......
Stonepeak, CPPIB to buy 65% stake in Castrol from BP
BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. investment firm Stonepeak for about $6 billion, a significant step in the oil major’s $20 billion divestment plan aimed at cutting debt and boosting returns. The deal, announced on Wednesday, values Castrol at $10.1 billion, and ......
Startup Advice From Series-B to Scale: A Tech Executive’s Guide to Platform Engineering
Scaling is not just about adding more servers or moving to Kubernetes. The real transition is from “it works” to “it works at scale, reliably, for everyone.” That shift is where many Series-B startups struggle because what was once a product engineering problem becomes a platform engineering problem. It requires ......
Tata Chemicals, Varun Beverages, Park Medi World ink M&As; Waaree invests in Omani firm
Tata Chemicals, Varun Beverages, hospital-chain operator Park Medi World, solar-module maker Waaree Energies, the publicly listed business process management (BPM) company One Point One Solutions and auto-component maker Samvardhana Motherson have announced strategic merger and acquisition deals. Tata Chemicals-Novabay Tata Chemicals International Pte. Ltd., a wholly owned subsidiary of Tata Chemicals Limited, has ......
Prosperr.io, Naxatra Labs secure funding in early-stage rounds
Early-stage startups Prosperr.io and Naxatra Labs have secured funding in separate rounds involving venture capital firms, angel investors and strategic backers, the companies said on Tuesday. Prosperr.io Prosperr.io has raised $4 million (Rs 35.8 crore) in a seed funding round led by Jungle Ventures, with participation from Yatra Angel Network, Sadev Ventures ......
India's growth holds up in November on urban consumption demand: RBI report
The Indian economy continued to hold up its strong growth momentum in November, helped by private and urban consumption demand, the Reserve Bank of India said in its monthly bulletin on Monday. "Demand conditions remained robust, with indicators of urban demand strengthening further," the RBI report said. "High-frequency indicators suggest that ......
Major central banks deliver biggest easing push in over a decade in 2025
Major central banks have delivered interest rate cuts in 2025 at the fastest clip and largest scale since the financial crisis, while easing among policymakers in developing nations also accelerated. Nine of the central banks overseeing the 10 most heavily traded currencies lowered their benchmark lending rates in 2025 - namely ......
Medikabazaar raising fresh funding from PE investor
Medikabazaar, a business-to-business (B2B) marketplace for medical products, is raising fresh capital from at least one private equity firm even as it remains embroiled in court battles and corporate governance issues, VCCircle has gathered. The B2B platform, operated by Mumbai-based Boston Ivy Healthcare Solutions Pvt Ltd, is raising funds from its ......
Grapevine: Bain-Piramal fund, Bessemer, Vixar, Gauri Khan Family Trust in news
Piramal Group and Bain Capital’s JV, India Resurgence Fund (RF), has begun the process of selling part of its stake in Synthimed Labs, while Bengaluru-based biotech startup Pandorum Technologies is raising additional funding in its ongoing Series B round. Meanwhile, Vixar, formerly Arpwood Partners, has acquired a significant minority stake in ......
PE-backed Lohum's strategy head on financial performance, rare earth foray and more
Sustainable battery-raw-materials business Lohum Cleantech Pvt Ltd, backed by homegrown private equity firm Baring Private Equity Partners India, posted an impressive topline growth in FY25 increasing 70% year-on-year. Founded in 2017 by Rajat Verma, Lohum provides an end-to-end ecosystem for battery recycling, repurposing, materials refining, and integrated battery lifecycle management. It ......
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