Pocket FM rings up global investment funds for Series E cheque
Audio entertainment platform Pocket FM has initiated talks with global private equity investors to raise a fresh round of equity funding, two people aware of the development told VCCircle. Pocket FM, which counts Lightspeed India Partners, Tencent and Tanglin Venture Partners among its existing backers, is planning to raise between $100 ......
Accel-backed Onsitego mulls M&As for growth, plans e-waste entry
Onsitego Electro Services Ltd, an after-sales service provider for consumer electronics that counts venture capital firm Accel as an investor, is actively exploring mergers and acquisitions (M&As) to fuel its next phase of growth, a top company executive told VCCircle. The company, which handles nearly 3 million service requests annually, also plans ......
Endiya Partners closes third fund, generates 4x returns from debut vehicle
Early-stage venture capital firm Endiya Partners, which has backed companies such as Darwinbox and Kissht, has wrapped up the fundraising exercise for its third investment vehicle and generated high returns from its maiden fund. The Hyderabad-based VC firm said Wednesday it has generated four times the multiple on invested capital (MOIC) ......
All In Capital unveils second early-stage VC fund, marks first close
Early-stage venture capital firm All In Capital, which has backed startups such as PierSight Space, MasterChow, and Wint Wealth, has launched its second fund and marked its first close, nearly three years after it closed its debut vehicle. The firm, set up by former upGrad executive Kushal Bhagia and former Stride ......
Bottomline: A91-backed Akshayakalpa Farms looks to turn the corner on sales boost
Akshayakalpa Farms and Foods Pvt Ltd, an organic dairy and farming venture that’s backed by growth-stage venture capital firm A91 Partners, is moving toward profitability as its fast-growing revenue helps offset its expenditures. After five years of losses, the company expects to break even at the operating level and post positive ......
Grapevine: PhysicsWallah, Apax Partners, Supertails, 10Club, Deep Rooted in news
Edtech unicorn PhysicsWallah has filed draft papers through the confidential pre-filing route to raise Rs 4,600 crore via an initial public offering, a media report said. The IPO will primarily consist of a fresh issue of shares and will also have an offer for sale by existing investors, Moneycontrol reported, citing people aware ......
Venturi Partners rolls out second fund to invest in India, Southeast Asia
Venturi Partners, a Singapore-based investment firm that backs consumer-focused startups in India and Southeast Asia, has floated its second flagship fund targeting a bigger corpus than its maiden vehicle, a top executive told VCCircle. The firm, which mopped up nearly $180 million for its first fund that hit its final close ......
Temasek-controlled Manipal Hospitals adds more bankers for stock exchange debut
Manipal Hospitals, the Indian hospital chain majority-owned by Singapore’s state investment firm Temasek, has brought in additional bankers for its planned initial public offering (IPO), a person familiar with the matter told VCCircle. The Ranjan Pai-led hospital chain, which is operated by Manipal Health Enterprises Pvt Ltd, has enlisted Axis Capital and ......
Zevo in talks to raise Series A funding to expand EV fleet, fulfillment centres
Electric vehicle mobility platform Zevo, which counts Pegasus India Fund and early-stage investment platform JIIF among its backers, is in talks to raise its Series A round of funding, a top executive told VCCircle. The New Delhi-based startup, which operates as an EV supply chain-as-a-service platform for various sectors, is in ......
Insurtech startup Ensuredit initiates talks for Series A round
Insurance-tech startup Ensuredit Technologies, backed by investors such as 100 Unicorns, Venture Catalysts and Inflection Point Ventures, is in talks to raise fresh capital in a Series A funding round, a top executive told VCCircle. The Gurugram-based startup, which provides technology solutions to banks, corporate agencies, licensed brokers, and fintech firms, ......
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