WickedGud, Decode Age, Cellarim Labs, Underneat raise funding
Consumer food brand WickedGud, longevity-focused startup Decode Age, biotech firm Cellarim Labs, and shapewear brand Underneat have raised funding. WickedGud WickedGud, which positions itself as a "better-for-you" indulgent food brand, has raised Rs 20 crore ($2.2 million) in its latest funding round from existing investors Orios Venture Partners, Asiana Fund, and actor ......
GTM Unbound Brings Together 250+ Founders at the US–India AI Summit in Bangalore, in Partnership with CorridorX & The Drafting Room
Aditi Aggarwal (GTM Unbound), in collaboration with Shivam Desai (CorridorX) and Phalgun Chidanand (The Drafting Room), hosted over 250 founders and investors at the US–India AI Summit: Bangalore, held on 21 November at Workhome. The gathering marked one of the largest community-led AI events in the city this year, creating ......
India govt weighs greater phone-location surveillance; Apple, Google, Samsung protest
India's government is reviewing a telecom industry proposal to force smartphone firms to enable satellite location tracking that is always activated for better surveillance, a move opposed by Apple, Google and Samsung due to privacy concerns, according to documents, emails and five sources. A fierce privacy debate erupted in India this ......
Grapevine: Torrent Gas hires IPO bankers; Ambak, Chhota Bheem creator seek funding
Torrent Gas, the city gas distribution arm of Torrent Group, has appointed Axis Bank, Kotak Mahindra Capital, and Citigroup’s local unit to manage its planned initial public offering, a media report said. The IPO could raise up to $450 million, Bloomberg reported, citing people aware of the matter. Discussions are ongoing, and ......
API maker SCL Lifesciences eyes maiden PE cheque, hires banker
Hyderabad-based pharmaceutical manufacturer SCL Lifesciences Ltd (formerly Saurav Chemicals) is eyeing its maiden round of external funding, at least two people aware of the development told VCCircle. The company, which manufactures drugs, active pharmaceutical ingredients and intermediates, is considering diluting a majority stake, one of the persons said. The planned transaction is likely ......
In Charts: How InvITs are faring in India a decade after debut
The first infrastructure investment trust (InvIT) in India was registered around a decade back, in 2015-16. Since then, the asset class has come a long way. From just three InvITs in the first three years, and nine in the first five, India now has 26 listed and unlisted InvITs that hold ......
Grapevine: Creador, ChrysCapital, Fullerton, Bertelsmann, others in news
An investor consortium of WhiteOak Capital, Creador and Siguler Guff has acquired stakes in Ahmedabad-based La Renon Healthcare, while Bengaluru-based SaaS firm MoEngage is finalising its second tranche of $260 million (around Rs 2,305 crore) and Temasek-owned Fullerton’s newly acquired Lendingkart is set to raise fresh funding, according to separate ......
PE-backed Fractal Analytics bets heavily on R&D in AI race ahead of IPO
Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development spending ahead of its market debut for which a date has not yet been set, a top executive said. Fractal, which specializes in AI-driven decision-making for large businesses, will continue to invest 'significantly', and possibly increase its research ......
Deals Digest: PE/VC volume stays strong but total value falls
Private equity (PE) and venture capital (VC) dealmaking activity remained high in terms of volume, but total transaction value slipped sharply to under $400 million (Rs 3,547 crore), a steep fall from the year-high of over $1.8 billion recorded in the previous week, according to data compiled by VCCircle. Companies raised ......
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