Furniture maker Spacewood snags fresh capital from A91 Partners
Growth-stage alternative investment firm A91 Partners has invested Rs 300 crore (around $33.9 million) in Spacewood Furnishers Pvt. Ltd, valuing the Nagpur-based modular furniture manufacturer at around Rs 1,200 crore (around $135.5 million). With the new funding, Spacewood plans to deepen its presence in Tier 2 cities and strengthen its position ......
A91 Partners leads $28-mn Series D in IntrCity SmartBus
Tech-enabled intercity bus travel platform IntrCity SmartBus has raised Rs 250 crore ($28.3 million) in a Series D round led by A91 Partners. The company plans to use the funds to enhance customer experience, strengthen its fleet management technology, and expand operations across tier II and III cities. "...this investment will be ......
A91 Partners, Spring Marketing mark joint deal in food and beverage space
Growth stage venture-capital firm A91 Partners, which recently concluded fundraising for its third fund securing commitments totalling nearly $665 million, has made an investment in the food and beverage segment, in collaboration with branding and marketing focussed investment firm Spring Marketing Capital. The investment firms have jointly invested in Coimbatore-based south ......
Creador buys into La Renon as Peak XV makes a partial exit
Private equity firm Creador said Monday it has acquired a 7% stake in Ahmedabad-based La Renon Healthcare Pvt Ltd from the pharmaceutical company’s promoter and existing venture capital investor Peak XV Partners. La Renon’s promoter family led by Pankaj Singh continues to hold a controlling stake in the company, according to ......
Grapevine: A91 Partners in talks for new bet; Ghar Mandir, Powerplay eye funding
Growth-stage investment firm A91 Partners is in talks to invest in a snacks maker while Ghar Mandir is in discussions to raise funding from Info Edge and Powerplay has secured fresh funding from Accel and Surge after a three-year gap, according to separate media reports. A91 Partners A91 Partners is in advanced talks to ......
Deals Digest: PE/VC volumes fall; M&As remain muted
The number of private equity and venture capital deals involving Indian companies fell in the holiday-shortened week through Friday but the total amount jumped thanks to a handful of big-ticket transactions, data compiled by VCCircle showed. The number of PE/VC deals fell to 31 this week, which included a religious holiday, ......
Grapevine: Furniture maker Spacewood, EV charging startup Statiq eye fresh funding
Modular furniture maker Spacewood Furnishers is close to raising Rs 300 crore (around $34 million) in funding from A91 Partners, The Economic Times reported, citing people aware of the development. The deal is expected to value the Nagpur-based company at around Rs 1,200 crore (around $136 million) and includes both primary and ......
Grapevine: Creador, ChrysCapital, Fullerton, Bertelsmann, others in news
An investor consortium of WhiteOak Capital, Creador and Siguler Guff has acquired stakes in Ahmedabad-based La Renon Healthcare, while Bengaluru-based SaaS firm MoEngage is finalising its second tranche of $260 million (around Rs 2,305 crore) and Temasek-owned Fullerton’s newly acquired Lendingkart is set to raise fresh funding, according to separate ......
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