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Beena Parmar

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Axis AMC to roll out second alternative fund focused on real estate sector

Infrastructure

16 September, 2021

Axis AMC to roll out second alternative fund focused on real estate sector

Axis Asset Management Company (AMC), an arm of private-sector lender Axis Bank, is in the process of setting up its ......

Insurtech startup BimaPe shuts down, founder announces new venture

TMT

15 September, 2021

Insurtech startup BimaPe shuts down, founder announces new venture

BimaPe, a Mumbai-based insurtech startup, has shut down within a year of its formation and will be reborn as Verak, ......

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ARCs backed by Apollo, Avenue Capital, Kotak snap up road debt

Finance

15 September, 2021

ARCs backed by Apollo, Avenue Capital, Kotak snap up road debt

Three asset reconstruction firms -- Phoenix ARC, Arcion, and Asset Reconstruction Company India Ltd (Arcil) -- have bought more debt ......

Zomato co-founder Gaurav Gupta quits six weeks after food delivery app's market debut

People

14 September, 2021

Zomato co-founder Gaurav Gupta quits six weeks after food delivery app's market debut

Gaurav Gupta, co-founder and top executive of Ant Group-backed Zomato Ltd, has resigned from the food delivery company about one ......

World Bank's International Finance Corporation to invest in A91 Partners' second fund

Finance

14 September, 2021

World Bank's International Finance Corporation to invest in A91 Partners' second fund

International Finance Corporation (IFC), the World Bank’s private-sector investment arm, has proposed an investment in the second fund of A91 ......

IndiaRF invests $75 mn in Sequoia-backed KMC's road asset

Finance

13 September, 2021

IndiaRF invests $75 mn in Sequoia-backed KMC's road asset

India Resurgence Fund (IndiaRF), a joint venture between Piramal Enterprises and Bain Capital Credit, announced a $75 million (Rs 555 ......

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ICICI Venture in talks to raise multiple funds, focus on new-age firms

Finance

13 September, 2021

ICICI Venture in talks to raise multiple funds, focus on new-age firms

ICICI Venture, the alternative investment arm of ICICI Bank, is in talks to raise multiple funds in a bid to ......

Kotak fund invests $130 mn in TVS Supply Chain Solutions

Finance

13 September, 2021

Kotak fund invests $130 mn in TVS Supply Chain Solutions

Kotak Special Situations Fund (KSSF), alternative investment arm of Kotak Investment Advisors Ltd (KIAL), has invested Rs 1,000 crore ($130 ......

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PE backed Five Star Business Finance prepares for $400mn IPO; appoints bankers

Finance

08 September, 2021

PE backed Five Star Business Finance prepares for $400mn IPO; appoints bankers

Private equity majors Sequoia Capital and KKR-backed non-banking finance company (NBFC) Five Star Business Finance Ltd is set to file ......

PAG-controlled Edelweiss Wealth gets new managing director and CEO

Finance

08 September, 2021

PAG-controlled Edelweiss Wealth gets new managing director and CEO

Diversified financial services firm Edelweiss Group has announced promotion of Ashish Kehair as the new managing director (MD) and Chief ......