Nisus Finance sets up Mauritius vehicle for second stressed assets fund
Mumbai-based real estate investor Nisus Finance and Investment Managers LLP, part of Nisus Finance Group, has established another international vehicle, this time in Mauritius, to channel foreign capital to the second fund set up under its real estate stressed assets strategy, a top executive told VCCircle. Amit Goenka-led Nisus Finance, which is ......
KKR-backed Five-Star Business Finance set to raise fresh capital
Small business and mortgage loan provider Five-Star Business Finance, which is backed by marquee investors, including KKR, Abu Dhabi Investment Authority (ADIA), Fidelity Investments, Falcon Edge, Bay Capital and Malabar Investments, is set to raise fresh capital from another offshore investor. The Chennai-based non-banking financial company (NBFC), which went public in November ......
Bottomline: PE-backed SarvaGram breaks even, aims to double AUM in FY25
SarvaGram Fincare Pvt. Ltd, a Maharashtra-based lender serving the credit needs of rural households, has grown its revenue at a rapid pace and achieved breakeven on the back of rising assets under management (AUM) as it expands its operations. The company, which is backed by several venture capital and private equity ......
True North-backed domestic NBFC adds new investor to cap table
A non-banking financial company, backed by homegrown private equity firm True North, has bagged an additional amount in an extended funding round from a Singapore-based venture capital firm. True North, which raised Rs 1,000 crore (about $120 million then) for its maiden private credit fund in November last year, has been ......
Prowess Advisors’ Bahadur on floating equity, debt funds under new platform and more
Investment banking and consulting firm Prowess Advisors, which acquired early-stage venture capital fund Kalpavriksh from Centrum Alternatives last year, intends to use the platform to float an equity and a debt fund. With Centrum continuing to be a co-general partner in Kalpavriskh along with Prowess, the new fund will focus on ......
Grapevine: Mubadala may join hands with Warburg for Shriram Housing; Brookfield eyes Leela Palaces Listing
UAE sovereign fund Mubadala Investment Company is in discussions to team up with Warburg Pincus as a potential co-investor in acquiring a controlling stake in Shriram Housing Finance, a subsidiary of Shriram Finance, a media report said. Warburg Pincus is currently the leading contender for the deal, with Bain Capital also in race. Avendus Capital, Barclays Bank, ......
Bharti Airtel’s Africa unit set to bag a big cheque from offshore investor
Airtel Africa Plc, which is listed on the London Stock Exchange and is a subsidiary of India’s Bharti Airtel, is set to secure fresh capital from an existing offshore investor, VCCircle has learnt. Africa’s second-largest telecom operator is likely to raise $200 million, primarily through debt, from the private sector investment ......
NIIF-controlled iBus may rope in new investor as revenue takes flight
iBus Network and Infrastructure Pvt Ltd is set to add another investor to its cap table, weeks after the National Investment and Infrastructure Fund (NIIF) picked up a controlling stake in the digital infrastructure provider. The development comes at a time when iBus is working on an aggressive growth strategy that ......
The Souled Store, Traya backer Xponentia Capital promotes executives to MD
Homegrown mid-market private equity firm Xponentia Capital, which is an investor in companies including Barbeque Nation, The Souled Store and Easy Home Finance, among others, has elevated two of its executives to the role of managing directors. Xponentia Capital, which has recently made the final close of its second investment vehicle ......
Check out the top Indian law firms by capital markets practice
Law firms in India recorded a slowdown in private market dealmaking during 2023-24 but had a robust year when it came to their public markets practice as many Indian companies listed their shares on stock exchanges. Consequently, some of the leading law firms in the private equity, venture capital and M&A ......
