VCCircle.com: Latest Indian Financial News, Investments, Corporate & Startup Deals, Exits | VCCircle
Advertisement

Showing results for: budget 2023

Premium
Grapevine: Kitchens@ raises PE funding; Ola to enter grocery delivery business
28 June

Grapevine: Kitchens@ raises PE funding; Ola to enter grocery delivery business

Cloud kitchen startup Kitchens@, operated and owned by Loyal Hospitality, has raised funds from London-based private equity firm Finnest as part of its Series C funding round, a media report said.    Finnest bought a majority stake in cloud kitchens-focused startup Kitchens@ by investing Rs 1,335 crore ($160 million) in the company, The Economic Times reported, ......

Premium
Searchlight: MSN Labs gunning for growth in FY25 with diversification plans
27 June

Searchlight: MSN Labs gunning for growth in FY25 with diversification plans

MSN Laboratories Pvt. Ltd, a Hyderabad-based drugmaker focused on active pharmaceutical ingredients (APIs) and finished dosages, is aiming to foray into new segments and bolstering its product portfolio to boost revenue and customer base over the next three years.  The company, which claims to have over 470 APIs and more than ......

Premium
Ethos PE-controlled logistics major RTT sells non-core business
28 June

Ethos PE-controlled logistics major RTT sells non-core business

South African transportation and logistics services company RTT Group, controlled by a private equity consortium led by Ethos Private Equity, is selling a part of its non-core business to a local supply chain services provider, it is learnt. Ethos, owned by US-based asset management firm The Rohatyn Group (TRG), had invested ......

Premium
MBD Group aiming to merge two verticals ahead of planned maiden fundraising
27 June

MBD Group aiming to merge two verticals ahead of planned maiden fundraising

Delhi-based MBD Group, a diversified company owning businesses in publishing, hospitality, education and real estate, is planning to merge two key verticals in the education space, as it gears up to hit the road for its maiden fundraising. The Group, established in 1956 by Ashok Malhotra and claims to produce five ......

Premium
Singapore wealth fund GIC doubles down on India tech firm
27 June

Singapore wealth fund GIC doubles down on India tech firm

Singapore sovereign wealth fund GIC, a key institutional investor making private equity-style bets on listed and unlisted companies in India, has doubled down on a local company that it first backed less than eight months ago.  The wealth fund, which was one of the most active PE-style investors in India in ......

Premium
Barring Byju's write-off, how Prosus' India portfolio fared in FY24
27 June

Barring Byju's write-off, how Prosus' India portfolio fared in FY24

Global technology investor Prosus recently wrote off one of its largest bets ever in beleaguered education company Byju’s, marking a loss of nearly $493 million. But beyond Byju’s, Prosus, which is also an investor in companies like Swiggy, PharmEasy and Meesho, among others had other hits and misses in India, which it ......

Premium
Spotlight: CPPIB-backed NHAI InvIT on a smooth ride but faces a few bumps
27 June

Spotlight: CPPIB-backed NHAI InvIT on a smooth ride but faces a few bumps

Earlier this month, the National Highways Authority of India (NHAI), the government-owned highway developer, unveiled a new corporate strategy for its infrastructure investment trust (InvIT), National Highways Infra Trust (NHIT).  Now, a new corporate identity is not a significant event in and of itself, especially as it may not have a ......

Premium
How Morgan Stanley PE, Creador scored from Kogta as new investor joins cap table
27 June

How Morgan Stanley PE, Creador scored from Kogta as new investor joins cap table

Morgan Stanley Private Equity Asia and South & Southeast Asia focused private equity firm Creador, have monetised an India investment they made six and five years ago respectively, with a neat profit. The two PE firms have made a partial exit from Kogta Financial (India) Limited, a retail-focused NBFC specialising in secured vehicle and ......

Premium
InvAscent crosses halfway mark for new healthcare fund, eyes final close
26 June

InvAscent crosses halfway mark for new healthcare fund, eyes final close

Healthcare-focused private equity firm InvAscent, which has already struck three bets so far this year, is set to mark the final close of its latest domestic vehicle with a slightly larger corpus than its last outing, two people aware of the development told VCCircle.  The PE firm is on its way to ......

Premium
Searchlight: Unimed Health’s margins set to rebound as new hospital boosts revenue
25 June

Searchlight: Unimed Health’s margins set to rebound as new hospital boosts revenue

Hyderabad-based Star Hospitals, run by Unimed Health Care Pvt. Ltd, is likely to record double-digit expansion in revenue and improve its profit margins during the current financial year as it ramps up a new hospital and maintains steady growth at its existing facility.  Unimed opened a new multi-speciality hospital in March 2023 ......