Admaius Capital backs education player in region, its third bet this month
Pan African private equity investor Admaius Capital Partners has struck another deal in the region, making its sixth bet so far from its first fund and third one this month. The Rwanda-based PE firm, with offices in Nairobi, Johannesburg, Tunis, and London, fully acquired a leading private higher medical institution in ......
Spotlight: Quikr remains in quicksand after failing to monetise its string of acquisitions
Online classifieds platform Quikr, one of the earliest tech unicorns in the country once used to boast a larger-than-life scale of its total addressable market. In November 2018, while talking about how the company grew in 2017-18, Pranay Chulet, founder and chief executive of the firm said: “Quikr is built for ......
Gulf VC Nuwa Capital explores growth-stage investment opportunities
Gulf-focused venture capital firm Nuwa Capital, which is currently deploying from its early-stage $100-million maiden fund, is now exploring growth-stage investment opportunities in the Middle East and North Africa (MENA) region to plug the funding gap for mature startups raising late-stage capital, according to a top company executive. The move ......
PE investors of Fortis-controlled Agilus may finally get an exit
International Finance Corporation and two other private equity investors of Agilus Diagnostics Ltd may finally be able to exit the Gurugram-based company controlled by the hospital chain Fortis Healthcare Ltd, VCCircle has gathered. IFC, Jacob Ballas and Resurgence PE Investments have been trying to exit Agilus, earlier known as SRL Diagnostics, ......
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 ......
Grapevine: Bain, Temasek team up for Haldiram bid; ONGC, NTPC Green Energy eye Ayana
Bain Capital and Singapore's Temasek have joined forces to compete with a Blackstone-led consortium for a controlling stake in Haldiram's Snacks Food Pvt Ltd, a media report said. The Bain-Temasek partnership submitted a non-binding offer last week, valuing the Indian snack giant at $8-8.5 billion, The Economic Times reported, citing people familiar with the matter. Bain had ......
Searchlight: How a bootstrapped tour and travel firm stood its ground as peers struggled
India’s tour and travel services sector has gone through much disruption over the last decade with several companies folding up or merging with bigger competitors despite raising venture capital funding, but a handful of bootstrapped operators have managed to defy the odds. Mumbai-based Akbar Travels of India Pvt. Ltd is ......
Exclusive: Poonawalla's Serum Institute forays into medtech via acquisition
Serum Institute of India (SII), the world's biggest vaccine maker, has picked up a minority stake in a medical technology company, two people aware of the development told VCCircle. Billionaire Adar Poonawalla-led SII, according to the people mentioned above, has invested in IntegriMedical, which is known for making needle-free injection systems (N-FIS). SII has picked ......
How much did Vivriti AMC return to its investors on closure of first fund?
Mid-market private credit firm Vivriti Asset Management, part of the Chennai-based Vivriti Group, has closed its first private credit fund, thereby returning money to investors, it is learnt. The asset manager had launched the Vivriti Samarth Bond Fund (SBF) in 2019, raising Rs 265 crore (nearly $38 million) from its investors, ......
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 ......
