GVFL invests pre-Series A money in SaaS-based client lifecycle manager
Pivoting Softwares Pvt Ltd, which operates client lifecycle software-as-a-service firm Clientjoy, has raised $800,000 (about Rs 6 crore) in a pre-Series A round. In a statement, Ahmedabad-based Clientjoy said it has raised this capital from GVFL Ltd (formerly Gujarat Venture Finance Ltd), which was set up in 1990. According to its website, ......
Arpwood takes a marginal haircut from financial services portfolio
Arpwood Capital, a private equity investment and boutique investment banking & advisory firm floated by former Carlyle India head Rajeev Gupta, Raj Kataria and Amol Jain, has booked a loss in a seven-year old bet in a financial services company. The private investment firm which has also lined up another exit activity ......
Reliance, Adani among 49 bidders for debt-ridden Future Retail
Companies led by Indian billionaires Gautam Adani and Mukesh Ambani, a British retailer and global asset reconstruction firms are among the 49 entities in the fray to acquire Future Retail Ltd, the debt-laden Indian retailer said on Monday. Reliance Retail, part of Ambani's Reliance Industries Ltd as well as April Moon ......
Adani seals deal with GVK to take control of Mumbai airport
Billionaire Gautam Adani-led Adani Group has signed a deal to acquire a controlling stake in the Mumbai airport from debt-laden GVK Group, the two conglomerates said on Monday. As part of the deal, Adani Airport Holdings Ltd will acquire the debt of GVK Airport Developers Ltd from lenders including a Goldman ......
Udaan lays off about 350 employees in second round of layoffs
Business-to-business unicorn Udaan is firing up to 350 employees in the second round of layoffs since June, as the startup aims to improve its efficiency and achieve profitability. About 10% of the company’s 3,000-permanent workforce will be impacted with the layoff, a person close to the development told VCCircle. Earlier, in ......
Blume Ventures elevates two senior execs to investment partners
Early-stage venture capital firm Blume Ventures, which has backed more than 150 startups including Spinny, Slice, Grey Orange, Turtlemint, Carbon Clean and Servify among others, on Monday said it has elevated two of its senior members Arpit Agarwal and Sajith Pai to investment partners. The announcement comes a little over three ......
E-commerce firm Beyoung raises close to $5 mn in funding round
E-commerce startup Beyoung on Friday said it has secured $4.89 million (Rs 40 crore) in an undisclosed funding round from revenue-based financier Klub. The Udaipur-based startup will use the fresh funds for expanding its offline presence, marketing, scaling up technology stack and logistical development. Founded in 2018 by Shivam Soni, Beyoung offers ......
Elevation Capital charts course for $600 mn India exit
Multi-stage investment firm Elevation Capital (formerly SAIF Partners) has firmly pressed the sell button on one of its legacy bets in the country that will likely help it generate almost $600 million from the exit. Elevation, which is known for its venture capital investment practice but has over the years made multiple bets ......
Udaan raises $120 mn from existing investors; aims to go public in 12-18 months
Business-to-business marketplace Udaan has raised $120 million (around Rs 960 crore) in convertible notes and debt, led by existing shareholders and bondholders, the company's chief financial officer told employees in an internal mail reviewed by VCCircle. With this, the company aims for a public market listing over the next 12-18 ......
Grapevine: PAG eyes Edelweiss units; GVK works to ward off hostile takeover of MIAL
Pacific Alliance Group (PAG), the world’s largest Asia-focused alternative asset management company, is looking to acquire a majority stake in the wealth, investment banking, and capital markets businesses of Edelweiss Financial Services. This was reported by The Economic Times, which cited multiple people aware of the matter. PAG has pipped Blackstone and ......
Most Popular
Google News
Follow VCCircle on Google News for the latest updates on Business and Startup News