KKR-controlled Avendus buys early-stage tech investor Zodius Capital
Avendus Group has acquired technology-focussed early-stage investor Zodius Capital Advisors, as the financial services firm backed by private equity major Kohlberg Kravis Roberts & Co Ltd (KKR) continues to diversify its businesses.The founding team of Zodius will continue to run two funds that it had previously launched with Avendus and ......
CDC scores a cracker of an exit from India portfolio
UK-based development finance institution CDC Group Plc has fully exited Bengaluru-based small finance bank Ujjivan Financial Services Ltd, making excellent returns on a three-year-old investment.CDC pocketed Rs 92.4 crore on Wednesday by selling a stake of around 1.9% for Rs 405 per share. Cumulatively, the firm has generated around Rs ......
Uber co-founder Kalanick plans to sell 29% of stake
Uber Technologies Inc co-founder Travis Kalanick, who was ousted as chief executive in June, will sell nearly a third of his shares in the ride-services company for about $1.4 billion, a person familiar with the matter said on Thursday.Kalanick’s sale is part of a deal with a group of investors ......
Mahindra & Mahindra, Ford set to invest $50 mn in Zoomcar
Car rental startup Zoomcar is set to raise $50 million (Rs 318 crore) from automobile and farm equipment manufacturer Mahindra & Mahindra and existing investor Ford Smart Mobility, the startup investment arm of global automaker Ford Motor Company. The term sheet has been signed and a deal, which would value ......
KKR ups stake in Avendus Capital, injects fresh capital
Alternative investment giant Kohlberg Kravis Roberts & Co. Ltd (KKR) has increased its stake in Avendus Capital Pvt. Ltd after injecting fresh capital into the homegrown financial services firm.The latest tranche of fundraise by Avendus also saw participation from new private equity investor Gaja Capital and Alliance Tire Group founder ......
Bharti Airtel to sell over 1100 telecom towers in Zambia and Rwanda to IHS
Nigeria-based telecommunications infrastructure group IHS Holding Limited has signed an agreement to acquire India cellular services major Bharti Airtel Ltd's over 1100 telecoms towers Zambia and Rwanda, as per a press release.Financial details of the deal however have not been disclosed.The deal will help Airtel to focus on its core ......
Wadhwani Foundation floats accelerator programme
National Entrepreneurship Network (NEN), an initiative of Wadhwani Foundation, has launched an accelerator programme for growth-stage startups. The three-month programme, christened WF Venture ScaleUp, will be conducted in Pune and Hyderabad.The zero-equity, ‘no-fee’ programme is aimed at startups that apply Ash Maurya’s Scaling Lean approach, NEN said in a statement.US-based ......
VR startup Simulanis raises $500K in pre-Series A round
Delhi-headquartered virtual reality startup Simulanis has raised $500,000 in a pre-Series A round from Education Catalyst Fund, an early-stage education and skilling fund for low-income groups.Founded in 2013, Simulanis initially offered skilling programmes for engineering students via computer-based modules. It went on to offer work environment simulations to train employees ......
B2B logistics startup BlackBuck names former Souq exec Dinesh Ajmera as CTO
Bengaluru-based business-to-business logistics startup BlackBuck, which is run by Zinka Logistics Solutions Pvt. Ltd, has appointed Dinesh Ajmera as chief technology officer.Ajmera previously worked as CTO with Dubai-based online retailer Souq which was acquired by e-commerce giant Amazon in March this year.Ajmera will lead technology-led initiatives at Blackbuck, BlackBuck said ......
Barclays sacks CEO Antony Jenkins
British lender Barclays has fired its CEO Antony Jenkins and said on Wednesday that its recently appointed chairman John McFarlane would take over the executive role till the firm names a new CEO.McFarlane will work closely with Tushar Morzaria, group finance director. The group executive committee members will report to ......
Most Popular
Google News
Follow VCCircle on Google News for the latest updates on Business and Startup News