Saudi VC firm RAED Ventures gets another LP for third fund
RAED Ventures, a Saudi Arabia-based venture capital firm that backs early-stage startups and manages a portfolio of over 40 companies, has got on board another Saudi limited partner for its third investment vehicle launched last year. The VC firm has secured an investment commitment from state-owned Saudi Venture Capital (SVC) for ......
BlueGreen Ventures’ Suri and Jain on focus areas, fundraising timelines and more
BlueGreen Ventures, a new venture capital firm co-founded by Rajeev Suri and Anup Jain, former managing partners at Orios Venture Partners, rolled out its maiden fund last month with an aim to raise $75 million. The VC firm expects the fund’s first close by February 2025 and the final close ......
Grapevine: Tata Capital, Hisense, Epack Durable, Coforge in news
Tata Group has begun preparations for the initial public offering of its financial services arm, Tata Capital Ltd, a media report said. The IPO, expected to exceed Rs 15,000 crore, could include both primary and secondary share issuances, Moneycontrol reported, citing people familiar with the development. Cyril Amarchand Mangaldas and Kotak ......
Sofina in talks to invest in Peak XV-backed healthy food brand
European investment firm Sofina, which has invested in several Indian companies including juice brand Paper Boat, fintech app Cred and agritech company DeHaat, is in talks to invest in a homegrown healthy food brand, two people aware of the development told VCCircle. The Brussels-based firm, which primarily invests in areas such ......
PE inflows into real estate rise in 2024 as warehousing’s share balloons
Private equity capital inflows into India’s real estate sector increased about 10% in 2024, with warehousing and logistics assets taking home the largest share of the pie, a new report shows. The cumulative inflow of PE money into India’s property segment rose to $4.3 billion in the calendar year so far, ......
Blue Tokai backer White Whale Ventures plans secondaries fund
Mumbai-based financial services firm White Whale Partners, which has a venture capital arm and also offers portfolio management services, is planning to roll out a secondaries fund within the next few months, a person aware of the development told VCCircle. White Whale, which has invested in companies such as coffee brand ......
Grapevine: Accel India, Aakash Chaudhry, and Nithin Kamath in news
Accel India has raised $650 million for its eighth fund, and Aakash Chaudhry, co-founder of Aakash Educational Services Ltd, has secured $4 million in seed funding for his new edtech venture, according to various media reports. Accel India Accel India has raised $650 million (about Rs 5,500 crore) for its eighth ......
Why KKR’s Henry McVey remains optimistic about 2025 despite headwinds
Heightened geopolitical tensions, uneven global growth and rising inequality between the ‘haves’ and ‘have-nots’ cloud the prospects for 2025 but the investment outlook remains positive, according to a senior executive at private equity firm KKR. Henry H. McVey, partner and head of global macro, balance sheet and risk and CIO of ......
Everstone clocks another exit as Canada’s OTPP takes control of healthcare BPO firm
Singapore-headquartered and India-focussed private equity firm Everstone Capital, which has clocked partial or full exits from a number of companies over the past year and a half, has added to its harvest from five-years-old bet. The PE firm has now completely exited from business process outsourcing (BPO) services company Omega Healthcare ......
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 ......
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