Ajay Ramanathan - Author at VCCircle
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Ajay Ramanathan

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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 ......

ICICI Venture-backed Indifi's co-founder Mahanot steps down from executive role

People

01 October, 2024

ICICI Venture-backed Indifi's co-founder Mahanot steps down from executive role

Siddharth Mahanot, co-founder of Indifi, which counts private equity firm ICICI Venture and venture capital firm Accel as investors, has stepped ......

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Spotlight: What went wrong with Warburg-backed Fusion Finance as stock slumps

Finance

30 September, 2024

Spotlight: What went wrong with Warburg-backed Fusion Finance as stock slumps

In December 2018, private equity firm Warburg Pincus made its debut investment in India’s microlending sector when it backed Fusion ......

Bertelsmann India leads BASIC Home Loan's Series B funding round

Finance

30 September, 2024

Bertelsmann India leads BASIC Home Loan's Series B funding round

Fintech platform BASIC Home Loan has raised $10.6 million in a Series B funding round, led by Bertelsmann India Investments. The ......

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IIFL Home's CEO Ratra on growth drivers, high cost of funds, IPO plans and more

Finance

27 September, 2024

IIFL Home's CEO Ratra on growth drivers, high cost of funds, IPO plans and more

IIFL Finance’s home loan subsidiary IIFL Home Finance has seen an uptick year-on-year in terms of assets under management to ......

Zaggle on M&A spree, acquires one firm, invests in another

TMT

26 September, 2024

Zaggle on M&A spree, acquires one firm, invests in another

Software as a service firm Zaggle Prepaid Ocean Services Thursday said it has acquired a 98.3% stake in Span Across ......

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Bottomline: InCred Finance's profit zooms as loan book jumps above $1 bn

Finance

26 September, 2024

Bottomline: InCred Finance's profit zooms as loan book jumps above $1 bn

Non-bank lender InCred Financial Services Ltd more than doubled its profit and grew its assets under management at a brisk ......

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Bottomline: Finova Capital's asset quality worsens even as profit rises

Finance

24 September, 2024

Bottomline: Finova Capital's asset quality worsens even as profit rises

Non-bank lender Finova Capital continued to be troubled by asset quality risks in FY24 even as the company sustained an asset ......

MobiKwik gets go-ahead from SEBI for $84 mn IPO in second attempt

Finance

23 September, 2024

MobiKwik gets go-ahead from SEBI for $84 mn IPO in second attempt

One Mobikwik Systems has received the Securities and Exchange Board of India’s (SEBI) approval to raise Rs 700 crore ($84 ......

Former Kotak Bank exec KVS Manian joins Federal Bank as MD, CEO

People

23 September, 2024

Former Kotak Bank exec KVS Manian joins Federal Bank as MD, CEO

Former Kotak Mahindra Bank executive KVS Manian has taken over as the managing director and chief executive officer of Ernakulam-based ......