Former Five-Star Business Finance CEO Krishnan takes over MSME lender as Accion exits
Rangarajan Krishnan, a former CEO of Mumbai-listed lender Five-Star Business Finance Ltd, has acquired a controlling stake in a non-bank finance company in a transaction that led to the exit of impact investor Accion. The deal comes barely six months after Krishnan left Five-Star Business Finance, which counts private equity firm ......
360 ONE Asset invests $70 mn in Iscon Balaji Foods
360 ONE Asset, a wholly owned subsidiary of 360 ONE WAM Ltd, will invest about $70 million (Rs 635 crore) in Iscon Balaji Foods Ltd (IBF), a potato processor and exporter of value-added potato products. This is 360 ONE Asset’s largest investment in the consumer sector, the alternative asset manager said ......
Grapevine: ASG Hospital, Standard Chartered, Saama Capital, Gully Labs in news
ASG Hospital has mandated investment banks to steer a planned $500-million (Rs 4,537 crore) initial public offering (IPO) in the second half of the year, while Standard Chartered is reviewing its retail credit card business in India. Separately, sneaker brand Gully Labs has raised fresh funding, according to media reports. ASG ......
LKP Finance firms up game plan in new avatar as Gyftr, scouts for acquisitions
LKP Finance Ltd, which has given up its non-banking finance company licence and is renaming itself to Gyftr Ltd as it transitions to a digital gift card and loyalty rewards platform, is looking for acquisitions to grow its new business, its top executive told VCCircle. The company is in talks with ......
Why SEBI’s new advisory panel to review regulations has raised concerns and divided opinions
The formation of a new committee that will review the Securities and Exchange Board of India’s regulations has raised concerns among market observers and left regulatory experts divided. The External Experts Advisory Committee (EEAC) on Thematic Review of Regulations will be chaired by V Anantha Nageswaran, Chief Economic Adviser in the ......
Emversity, Truva, others raise early-stage funding
Training platform Emversity, home resale startup Truva, data platform GrowthPal, and three other startups have raised funding in separate early-stage rounds from venture capital firms, angel and other strategic investors, the companies said on Thursday. Emversity Beyond Odds Technologies Pvt Ltd, which operates higher-education embedded training and employability platform Emversity, has raised ......
The Wealth Company, 360 One, others hire new hands; Jungle Ventures elevates execs
The Wealth Company, part of the Pantomath Group, has appointed Balram Bhagat as managing partner of products and pension, strengthening its leadership as it expands its investment and retirement offerings. Bhagat brings over three decades of experience across pensions, mutual funds, product strategy, and financial inclusion. He previously served as the ......
EQT may rebrand Zelestra’s India arm, beefs up top deck
The Indian arm of Zelestra, the green energy company owned by Swedish private equity firm EQT, may soon be rebranded as a new team headed by its recently appointed chief executive officer Parag Sharma has taken charge, VCCircle has learnt. This comes even as a restructuring exercise is in the works ......
BillionE, Atomgrid, Liquidnitro Games, others raise funding
Mobility platform BillionE, specialty chemicals startup Atomgrid, game production firm Liquidnitro Games, and six other startups have raised capital in various early-stage funding rounds. BillionE BillionElectric Mobility (BillionE), a platform for electric truck transportation, has raised $25 million (Rs 225 crore) in a pre-Series A round comprising a mix of equity and ......
Sukino mops up $31 mn in Bessemer Ventures-led round
Sukino Healthcare Solutions, the Bengaluru-based out-of-hospital healthcare chain operator, has secured $31 million (around Rs 280 crore) in a Series B round of funding led by Bessemer Venture Partners, as it eyes geographical expansion. The round saw participation from Rainmatter, Zerodha's investment arm. Veda Corporate Advisors was the exclusive financial advisor ......
Most Popular
Google News
Follow VCCircle on Google News for the latest updates on Business and Startup News