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 ......
GEF Capital strikes fresh bet in electric mobility company
Private equity firm GEF Capital has picked up a stake in a homegrown electric mobility solutions player, which is backed by Renuka Ramnath-led Multiples PE. The impact investor led by Raj Pai, which has been a backer of Indian companies like Prince Pipes, Syrma SGS, Premier Energies and Electra EV, among ......
Spotlight: Is the tide turning for Gopalpur Ports as Adani takes control?
A little over a month ago, India’s biggest port operator got a little bigger. Adani Ports and Special Economic Zone Ltd said in late March that it was buying a 95% stake in Odisha-based Gopalpur Ports Ltd (GPL). Adani Ports, part of the Gautam Adani-led eponymous conglomerate, agreed to acquire a ......
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 ......
Bottomline: Gaja-backed Kinara Capital’s assets under management soar in FY24
Small-business lender Kinara Capital, backed by private equity investors like Gaja Capital, Gawa Capital, the Michael and Susan Dell Foundation, among others, grew its assets under management (AUM) for FY24 by 26% year-on-year, VCCircle has gathered from a top executive at the company. “We are on a growth journey and plan ......
Bottomline: PE-backed SarvaGram breaks even, aims to double AUM in FY25
SarvaGram Fincare Pvt. Ltd, a Maharashtra-based lender serving the credit needs of rural households, has grown its revenue at a rapid pace and achieved breakeven on the back of rising assets under management (AUM) as it expands its operations. The company, which is backed by several venture capital and private equity ......
MENA Digest: Abyan Capital, Bon Plus raise early-stage funds
Dealmaking activity in the Middle East and North Africa decelerated compared to the previous week but saw at least two major funding deals. This included a double-digit fundraising by Saudi Arabian financial robo-advisory company, Abyan Capital and a seed round by an Omani B2B marketplace startup, Bon Plus. The previous week saw ......
Why Indian private hospitals may face growth slowdown in FY25
Private hospitals in India will likely record a slower revenue growth in the fiscal year 2024-25 compared with the previous year as they adjust to the post-pandemic era cooldown, according to credit rating firm CRISIL. Revenue of private hospitals will grow at 11-12% in 2024-25, following an estimated 14% growth in ......
Grapevine: Juniper Green mulls IPO; Tiger Global-backed Innovaccer seeks funding
Delhi-based renewable energy firm Juniper Green Energy is in talks with investment banks to explore the possibility of an initial public offering (IPO), a media report said. The IPO could potentially raise $200-250 million (Rs 1,700-2,100 crore) or more, Moneycontrol reported, citing people familiar with the matter. Funds raised from the IPO, if realized, ......
Exclusive: PE firm to lead majority stake buy of NephroPlus
Nephrocare Health Services Pvt Ltd, India’s biggest nephrology chain operator that runs its business as NephroPlus, is set to see a big-ticket private equity deal resulting in a majority stake buy, two people aware of the development told VCCircle. The deal, which is in the final leg, values the company around ......
