Grapevine: Warburg Pincus eyes stake sale in insurer; Fortum's once-stalled deal nears closing
Private equity firm Warburg Pincus is exploring a sale of its stake in a Mumbai-based insurer and drawing interest from multiple investors, and Gurugram-based JBM Group is looking to acquire a majority stake in an Indian arm of Finnish state-run utility Fortum Oyj, according to separate media reports. IndiaFirst Life, Warburg ......
Flashback 2025: Blackstone's hirings, Peak XV’s exits and other PE/VC people moves
Global funds operating in the country, including Blackstone, Brookfield Asset Management, Carlyle Group, Warburg Pincus and Temasek Holdings, made key management changes over the past year while Indian private equity (PE) and venture capital (VC) firms added to their leadership ranks. Meanwhile, one of India's most active VCs, Peak XV Partners ......
Temasek's Fullerton hikes stake in Lendingkart even as legal woes loom
Temasek-operated Fullerton Financial Holdings(FIH) has infused additional capital in Lendingkart Technologies, hiking its stake in the company, VCCircle has learnt. The fund infusion comes amid an ongoing legal tussle between Lendingkart founder Harshvardhan Lunia, and the Fullerton-led management among other parties. Fullerton Financial, which is a subsidiary of FIH, has infused Rs ......
Bottomline: InvAscent-backed Malladi Drugs' FY25 revenue, profit fall amid IPO plans
InvAscent-backed bulk drugs maker Malladi Drugs and Pharmaceuticals Ltd reported a decline in both revenue and net profit in the financial year ended March 2025, even as it explores an initial public offering. The Chennai-headquartered manufacturer of salts, used in medicines to treat symptoms such as nasal congestion, saw its operating ......
Arise Ventures founder Ankita Vashistha on third fund, AI focus and more
Early-stage venture capital firm Arise Ventures is in the middle of scaling up after more than a decade of investing across India, the US, and Singapore. Having backed companies such as software company Uniphore, meat and seafood delivery platform Licious, cosmetics marketplace Luxola, and HR technology provider Phenom across its ......
Flashback 2025: Key trends that shaped real estate sector this year
India’s real estate market continued its stellar run in calendar year 2025, with total institutional capital inflows touching about $10.4 billion across 77 transactions, a 17% increase from 2024, which saw investments of roughly $8.9 billion, according to a report by real estate consultancy JLL. Capital inflows have steadily risen since ......
Africa-focused PE firm DPI exits an eight-year-old bet
Development Partners International (DPI), an Africa-focused private equity firm that manages assets and co-investments worth over $3 billion across three funds, has exited a company that it backed eight years ago. The London-headquartered PE firm, which is currently in the process of raising the largest PE fund for the continent in ......
Was Flipkart’s investment in Flying Machine brand owner a value destroyer?
Walmart-owned ecommerce giant Flipkart, which has been liquidating its investments in local retail brand operators, has made another exit from a fashion retail firm in which it invested more than five years ago. The online shopping platform, which earlier this year sold its stake in Aditya Birla Fashion and Retail Ltd ......
Coforge inks $2.35 bn deal to acquire Encora; contrasting outcomes for Advent, Warburg Pincus
Indian IT services provider Coforge said Friday it has signed a definitive agreement to acquire Encora, a United States-based firm that provides artificial intelligence (AI)-driven engineering services, from private equity groups Advent International and Warburg Pincus at an enterprise value of $2.35 billion. Under the deal structure, Coforge will fund the acquisition ......
Deals Digest: Year-end holiday pause shrinks PE, VC funding
With the final full week of 2025 coinciding with the Christmas holiday, private equity and venture capital activity slowed to a seasonal lull, as investors and founders stepped back toward year-end, according to data compiled by VCCircle. A total of 13 deals worth $205.6 million (around Rs 1,846 crore) were announced ......
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