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Sector scan: Why microfinance firms are bracing for growth slowdown

Finance

03 October, 2024

Sector scan: Why microfinance firms are bracing for growth slowdown

In March, India’s microfinance sector recorded its biggest private equity transaction. That month, US-based Advent International and India’s Multiples PE ......

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Bottomline: Piramal-backed Annapurna posts stellar FY24 figures, buries ghost of Covid-19

Finance

21 June, 2024

Bottomline: Piramal-backed Annapurna posts stellar FY24 figures, buries ghost of Covid-19

Annapurna Finance Pvt Ltd, a microfinance institution with a strong foothold in eastern India, can boast of a breakout year ......

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Deals Digest: A91 Partners, UK's BII make two bets each as PE/VC activity jumps

TMT

31 May, 2024

Deals Digest: A91 Partners, UK's BII make two bets each as PE/VC activity jumps

Private equity and venture capital activity increased this week, both in value and volume terms, with A91 Partners striking two ......

EV maker Euler Motors raises additional $24 mn, closes Series C round

Infrastructure

29 May, 2024

EV maker Euler Motors raises additional $24 mn, closes Series C round

Commercial electric-vehicle maker Euler Motors, which raised nearly $60 million in fresh capital in October 2022 and about $14.5 million ......

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Deals Digest: Funding activity jumps as NIIF, Warburg sign big cheques

Finance

12 April, 2024

Deals Digest: Funding activity jumps as NIIF, Warburg sign big cheques

The amount of capital raised by local companies from private equity and venture capital firms picked up this week thanks ......

Piramal Alternatives invests $13.2 mn in contract drugmaker Biodeal

Healthcare

08 April, 2024

Piramal Alternatives invests $13.2 mn in contract drugmaker Biodeal

Piramal Alternatives, the fund management arm of the Piramal Group, has announced a Rs 110-crore ($13.2 million) investment in Noida-based ......

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Nihilent founder taps private credit funds for leveraged buyout deal

TMT

10 January, 2024

Nihilent founder taps private credit funds for leveraged buyout deal

LC Singh, founder of Pune-based consulting and services company Nihilent Ltd, has secured financing from a couple of private credit ......

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Private credit fund backs ATM operator Transaction Solutions

Finance

04 December, 2023

Private credit fund backs ATM operator Transaction Solutions

Piramal Alternatives and CDPQ-backed performing credit fund have agreed to extend a ₹200 crore ($23.9 million) sum to ATM (automated ......

Piramal Alternatives backs electric mobility company PMI Electro

Infrastructure

25 October, 2023

Piramal Alternatives backs electric mobility company PMI Electro

E-bus maker PMI Electro Mobility Solutions Pvt. Ltd, on Wednesday said that it has raised Rs 250 crore ($30 million ......

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Grapevine: FirstCry co-founder faces tax probe; Piramal to invest in PE, VC funds

General

29 August, 2023

Grapevine: FirstCry co-founder faces tax probe; Piramal to invest in PE, VC funds

The income tax department is investigating an alleged tax evasion by FirstCry co-founder Supam Maheshwari, a media report said.  The department has sent notices ......