Nexus Venture Partners backs online lending platform Namaste Credit
Bangalore-based Namaste Credit, an online lending platform for small and medium enterprises, has raised $3.8 million (Rs 24.7 crore) in a Series A round of funding from Nexus Venture Partners.Namaste Credit, operated by Opendoors Fintech Pvt. Ltd, will use the funds for geographical expansion, and to ramp up its technology ......
PE firm locked in legal tussle with Axiss Dental co-founder
The co-founder of dental clinics chain Axiss Dental Pvt. Ltd has taken one of the firm’s private equity investors to court.Axiss’ Amit Sachdeva has filed a case against India Equity Partners (IEP) at the National Company Law Tribunal (NCLT), two people aware of the development told VCCircle on the condition ......
Blackstone to acquire Coffee Day’s Bengaluru tech park
Private equity giant Blackstone has agreed to acquire a technology park in Bengaluru from Coffee Day Enterprises Ltd, the operator...
Why private credit funds are growing in India and drawing in more LPs
In recent years, private credit funds have emerged as an alternative source of debt for Indian companies. This is more so in recent...
Blume Ventures leads angel funding in ed-tech startup Unacademy
Education technology startup Unacademy, run by Sorting Hat Technologies Pvt. Ltd, has raised $500,000 (about Rs 3.3 crore) in funding led by Blume Ventures along with a clutch of angel investors.Google's Rajan Anandan, CommonFloor founder Sumit Jain, redBus founder Phanindra Sama, TaxiForSure founder Aprameya Radhakrishna and former Flipkart executive Sujeet ......
Top executive of realty PE firm Rising Straits quits
One of the two managing directors of Rising Straits has moved out just two years after the New Delhi-based real estate-focused private equity firm separated from Red Fort Capital, two people familiar with the development told VCCircle.According to the people, Kalyan Chakrabarti, a long-term associate of the founder, Subhash Bedi, and ......
Rabobank, Caspian set up agri-tech focussed debt financing fund
Dutch banking giant Rabobank and impact investor Caspian have launched the agriculture technology-focused Rabo-Caspian Agtech...
India Inc grows impatient as economy dips and Modi is distracted
When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs...
Venture Catalysts backs lingerie brand Inner Sense
Funding and incubation platform Venture Catalysts has invested Rs 2.5 crore ($385,000) in lingerie brand Inner Sense in the startup's pre-Series A round.The investors who participated in the funding round included Dharmesh Dalal, Vijay Lakhani and Matulya Shah, Venture Catalysts said in a statement.Inner Sense was set up in 2014 ......
Workspace aggregator Qdesq raises angel funding for expansion
Branded workspace aggregator Qdesq Realtech Pvt Ltd has raised an undisclosed amount of funding from a clutch of investors, including Jai Drinks Pvt. Ltd director Anuraag Jaipuria, Jaipuria Beverage and Food Pvt. Ltd director Ruchirans Jaipuria and Kajaria Ceremics joint managing director Rishi Kajaria. Existing investors Dheeraj Jain of Redcliffe Capital, ......
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