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Blackstone-backed IARC's chief Anurag Das quits before end of term

Finance

23 May, 2022

Blackstone-backed IARC's chief Anurag Das quits before end of term

Blackstone-backed International Asset Reconstruction Company (IARC)'s top executive Anurag Das has resigned as the chief executive officer (CEO), two people ......

Zilingo fires CEO Ankiti Bose for alleged financial irregularities; Bose calls it "witch hunt"

People

20 May, 2022

Zilingo fires CEO Ankiti Bose for alleged financial irregularities; Bose calls it "witch hunt"

Sequoia Capital-backed Singapore-headquartered Zilingo said on Friday it has fired its chief executive officer Ankiti Bose 'with cause', following an ......

Y Combinator advises founders to ‘plan for the worst', prepare in next 30 days

TMT

20 May, 2022

Y Combinator advises founders to ‘plan for the worst', prepare in next 30 days

Silicon Valley investor, Y Combinator has advised its portfolio founders to “plan for the worst” and plan accordingly amid the ......

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UAE-based Foundation Holdings mulls an evergreen fund

Consumer

19 May, 2022

UAE-based Foundation Holdings mulls an evergreen fund

UAE-based multi-family office investment firm, Foundation Holdings is planning to launch an evergreen fund in the next 1 year, a ......

Avenue Capital hikes stake in Mumbai-based ARC

Finance

19 May, 2022

Avenue Capital hikes stake in Mumbai-based ARC

US-based Avenue Capital has acquired additional stake in Asset Reconstruction Company (India) Ltd (Arcil) from public sector lender IDBI Bank, ......

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Correction in valuations to offer good opportunities: Lightbox's Sandeep Murthy

Finance

18 May, 2022

Correction in valuations to offer good opportunities: Lightbox's Sandeep Murthy

Deal valuations have become more rational and this will provide good opportunities for investors, Sandeep Murthy, Partner at Lightbox Ventures, ......

Kotak Alternate Assets to launch Rs 1,000 crore private credit fund

Finance

18 May, 2022

Kotak Alternate Assets to launch Rs 1,000 crore private credit fund

Kotak Alternate Assets, managed by Kotak Investment Advisors Limited (KIAL) on Wednesday announced its plans to launch a Rs 1,000-crore ......

AION Capital sells 85% stake in BPO firm to Baring PE Asia for $810 mn

TMT

16 May, 2022

AION Capital sells 85% stake in BPO firm to Baring PE Asia for $810 mn

Hong Kong-based private equity major Baring PE Asia (Baring) has acquired 85% stake in specialist backend services firm IGT Solutions, ......

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Kotak's investment arm to raise its new "strategic" fund by October

Finance

11 May, 2022

Kotak's investment arm to raise its new "strategic" fund by October

Kotak Investment Advisors Ltd (KIAL), the alternative investment arm of Kotak Group, is set to mark the first close of ......

PAG consortium to acquire controlling stake in Optimus group firms

Healthcare

11 May, 2022

PAG consortium to acquire controlling stake in Optimus group firms

Asian alternative investment firm PAG has agreed to buy a controlling stake in three group entities of Hyderabad-based drugmaker Optimus ......