RPSG Capital Ventures raises $66 mn for second fund
Early-stage consumer-focused venture capital firm RPSG Capital Ventures said Thursday it has secured commitments for Rs 550 crore (around $66 million) for its second fund, mainly from domestic limited partners. The fund is anchored by RPSG Group and received commitments from family offices, high net-worth individuals (HNIs) and industry executives from the consumer sector. ......
Grapevine: KKR, GIC eye Carlyle’s Nxtra stake; Reliance Retail Ventures to raise funds
Private equity firm Carlyle Group has initiated formal discussions with potential buyers to sell its 24% stake in the data center subsidiary of Bharti Airtel, Nxtra Data, a media report said. Among the potential buyers are sovereign wealth funds such as the Abu Dhabi Investment Authority and Singapore's GIC, as well as global private equity giant KKR, ......
Bottomline: Stride Ventures founders' NBFC StrideOne grows AUM, plans fresh fundraise
Stride One Capital Pvt. Ltd, a non-banking financial company (NBFC) set up by the founding members of venture debt firm Stride Ventures, has recorded strong growth in its assets under management (AUM) even as it plans to raise fresh funding to expand its business, VCCircle has gathered. The NBFC, which operates ......
Zephyr Peacock may monetise stake as portfolio fintech firm mulls IPO
Mid-market private equity firm Zephyr Peacock India plans to partly monetize its seven-year-old investment in a fintech company through a likely initial public offering (IPO), a person familiar with the matter told VCCircle. While the specifics of the IPO are yet to be finalized, it is expected that the portfolio company, MPOWER Financing, will opt ......
MENA Digest: Agritech startups iyris, YoLa Fresh bag big cheques
The Middle East and North Africa (MENA) region saw a slew of growth-stage startup funding deals this week, led by Saudi Arabian agri-climate tech company iyris, formerly Red Sea Farms. Other notable funding deals included foodtech plug-and-play startup GrubTech and Moroccan agritech company YolaFresh. Besides, the UAE-based proptech startup Holo secured follow-on ......
PE firm Capital Square Partners makes another IT bet in India
Private equity firm Capital Square Partners (CSP), which ended its deal hiatus in India last year by investing in IT services company Relevance Lab, has made another bet in the same sector. The Singapore based PE firm, which was set up a decade ago by entrepreneur-turned-investors Sanjay Chakrabarty and Aparup Sengupta and ......
Deals Digest: A91 Partners, UK’s BII make two bets each as PE/VC activity jumps
Private equity and venture capital activity increased this week, both in value and volume terms, with A91 Partners striking two new deals and British International Investment (BII) making two bets in the electric vehicle segment. The total PE/VC investment amount stood at $322 million across 32 deals this week, up from ......
Audacity Ventures changes game plan, expands investment mandate
Mediatech-focused venture capital firm Audacity Ventures, which in July 2022 announced the launch of its maiden fund to back early-stage companies in India, the US, and some other countries in Asia, has now changed its investment strategy. The firm, founded and led by former Anthill Ventures' general partner Kabir Kochhar, ......
See potential in Indian single-specialty healthcare bets: Bain & Company's Arjun Upmanyu
Global consulting firm Bain & Company has stated in a recent report that traditional sectors such as healthcare, advanced manufacturing, among others will emerge as outliers in an otherwise cautious environment in the Indian PE-VC landscape during 2024. The firm, which has a presence across 39 countries, said in its report ......
Xponentia, A91 Partners, 360 One invest in Sedemac as Nexus Venture exits
Mid-market private equity firm Xponentia Capital Partners has invested in deep-tech company Sedemac Mechatronics as part of a $100-million (Rs 833 crore) round. A91 Partners and 360 ONE Asset also participated in the round, Sedemac said in a statement. Sedemac, floated by Professor Shashikanth Suryanarayanan and his students in a lab ......
