Singapore VC firm Golden Gate Ventures rolls out $100-mn MENA fund
Golden Gate Ventures, a Singapore-based early-stage venture capital firm that manages assets worth $250 million across three continents, has launched a Middle East and North Africa–focused investment vehicle in Qatar. The Southeast Asian VC firm launched the MENA fund with a $100 million target and secured commitments worth $20 million from ......
Dubai's DFDF plans to deploy half corpus by this year across direct, fund-of-fund bets
Dubai Future District Fund (DFDF), the region’s first evergreen venture capital fund-of-fund, aims to hit the halfway mark of its initial corpus in terms of deployment by the end of the current year, three years since its launch, according to a top company executive. Eyeing startups in the generative AI, climatetech ......
Deals Digest: Funding value surges on back of big-ticket financial services deal
Private equity (PE) and venture capital (VC) investment saw a substantial jump in terms of value, propelled by a large PE investment in the financial services space. Deal volume, however, dipped slightly this week with the overall number reducing by three deals as compared to the week before. Startups this week raised ......
Bottomline: How PlasmaGen Bio plans to break its streak of revenue stagnancy
Bengaluru-based biopharmaceutical company PlasmaGen Biosciences Pvt. Ltd, backed by venture capital firm Eight Roads Ventures, is poised to break out from a stagnant revenue run-rate, as it shifts towards majority in-house manufacturing, top company officials informed VCCircle. While the company’s topline has been stuck in the range of Rs 100-110 crore ......
Grapevine: Reliance Retail mulls entry into diagnostics; TPG, OTPP compete for Altimetrik
Reliance Retail Ventures, owned by Mukesh Ambani, is gearing up for a foray into the lucrative $150 billion (Rs 12.5 trillion) diagnostic healthcare market, a media report said. There are plans for a strategic move involving the acquisition of a majority stake in a specialized diagnostic services firm, with investment ranging ......
MENA Digest: Egyptian startups lead funding activity
Egyptian fintech startups Swypex and MNZL led funding activities in the Middle East and North Africa region,, even as overall deals activity remained bleak this week. The two startups raised seed funding, while the UAE-based Edtech startup SecureMyScholarship raised a bridge round. Startup funding in the MENA region fell sharply in ......
Grapevine: EQT to pare stake in Sagility; Piramal-Bain JV India RF eyes stake in Anthea
Swedish private equity firm EQT is moving forward with plans to reduce its stake in Sagility (erstwhile Hinduja Global Solutions Healthcare), by initiating a initial public offering (IPO) process, a media report said. The IPO is expected to value the healthcare business process management (BPM) firm at approximately $3 billion (25,000 crore), ......
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 ......
How agritech platform Ecozen was valued after its latest funding round
Agritech and agri infra-focussed startup Ecozen raised $30 million (Rs 250 crore) last month in a mix of debt and equity from existing investors, including asset management firm Nuveen. It also raised debt from the InCred Credit Fund and the US International Development Finance Corporation (DFC). Joining the funding round now ......
