Grapevine: JSW Neo, Macquarie in race for Ayana; EDBI may invest in Mohalla Tech
JSW Neo Energy and Sekura Energy, alongside Masdar, Sembcorp, and Macquarie, have made non-binding offers for a controlling stake in Ayana Renewable Power, majority owned by the National Investment and Infrastructure Fund (NIIF), a media report said. NIIF is poised to move forward by shortlisting suitors over the coming weeks. Subsequently, two, or at most ......
JSW, Amara Raja, Reliance submit bids to make batteries
Reliance Industries, JSW Neo Energy and Amara Raja Advanced Cell Technologies are among seven companies who have submitted bids to set up battery manufacturing gigafactory in India, the government said on Tuesday. The companies have submitted bids to set up units to manufacture advanced chemistry cells with a total capacity of ......
Valar Ventures-backed Simpl lays off 100 employees, sets timeline to turn profitable
Valar Ventures-backed buy-now-pay-later platform Simpl has laid off nearly 100 employees across verticals as part of cost-cutting measures, people aware of the development told VCCircle. Simpl, which had nearly 650 employees before the layoffs, said that the efforts will enable it to accelerate its journey towards profitability and build a ......
Grapevine: CX Partners starts Veeda Clinical sale process; Ola CEO departs amid job cuts
CX Partners, a mid-market private equity firm, has started the process to divest its majority stake in Veeda Clinical Research, an independent clinical research organization based in Ahmedabad, a media report said. The anticipated valuation of Veeda Clinical Research is between $600 million (Rs 5,000 crore) to $650 million, Moneycontrol reported, citing ......
Myelin Foundry, Atomgrid secure early-stage funding
Deeptech startup Myelin Foundry and chemical manufacturing firm Atomgrid secured early-stage funding, the companies said on Wednesday. Myelin Foundry Myelin Foundry has raised $4 million (Rs 33 crore) in a funding round led by SIDBI Venture Capital Ltd and saw participation from existing investors Endiya Partners, Pratithi Investment Trust and Subh Labh. The fresh ......
Medu Capital’s managing partner on exits, new fund, IRR and more
Johannesburg-based private equity firm Medu Capital aims to exit its third investment vehicle by the end of 2025, 11 years after the fund’s close, according to a top executive of the company. South Africa’s most active PE firm deployed its $60 million third fund in eight companies, including security technologies services ......
Verlinvest's venture capital arm V3 eyes stake in local kitchenware startup
V3 Ventures, the venture capital arm of Belgian investment company Verlinvest and a backer of several homegrown direct-to-consumer brands, is in advanced stages of talks to invest in an Indian cookware brand, two people aware of the development told VCCircle. V3 Ventures, an investor in companies like audio content platform Kuku ......
Peak XV Partners-backed AI startup Atlan raises $105 mn
Atlan said on Wednesday it had raised $105 million in a funding round led by Singapore's sovereign wealth fund GIC and tech investor Meritech Capital that valued the artificial intelligence startup at $750 million. WHY IT'S IMPORTANT Top technology companies are racing to build AI into their products and services. Startups catering ......
Parseable, four others raise early-stage funding
Analytics platform Parseable, luggage maker Icon, software-as-a-service (SaaS) startup Knit, gourmet grocer Landcraft Retail and fleet management startup trackNOW secured early-stage funding, the companies said on Tuesday. Parseable Bengaluru-based Parseable has raised $2.75 million (Rs 23 crore) in a seed funding round, led by Peak XV Partners’ early-stage-stage accelerator program Surge. The round ......
Quadria Capital to invest $102 mn in India’s leading dialysis chain
Healthcare-focused private equity firm Quadria Capital Monday announced an investment of Rs 850 crore ($102 million) in India’s largest dialysis services provider, NephroPlus, securing a “significant” minority stake through a mix of primary and secondary transactions. VCCircle first reported that Nephrocare Health Services Pvt Ltd, operating as NephroPlus, is in line to receive substantial funding from Quadria ......
