Pavestone VC ropes in pi Ventures’ backer as LP for its maiden fund
Hyderabad-based venture capital firm Pavestone VC, which is raising Rs 900 crore for its maiden investment vehicle launched in July 2021, has tapped an offshore limited partner (LP). Pavestone, which invests in early- and growth-stage companies and hands out a first cheque of $3-5 million (Rs 25-42 crore), has received Rs ......
Arkam Ventures’ Rahul Chandra on new interest areas for second fund and more
Early-stage venture capital firm Arkam Ventures, led by managing directors Rahul Chandra and Bala Srinivasa, raised $106 million for its first fund and invested in 19 startups such as Kreditbee, Jar, Smallcase, Signzy, Karkhana.io, and SpotDraft. The Bengaluru-based VC firm is now set to start deploying capital from its second ......
Nykaa scouts for buyers to exit two-year-old bet on beauty care brand
FSN E-Commerce Ventures, which runs cosmetics-to-fashion retailer Nykaa, plans to exit one its portfolio companies in the beauty and personal care category due to scalability issue, among other reasons ailing the brand, at least three people aware of the development told VCCircle. FSN E-Commerce Ventures is looking to exit its over two-year-old investment in Gurugram-based beauty care ......
Deals Digest: Momentum falls marginally this week; M&A volume also lacklustre
Private Equity (PE) and venture capital (VC) dealmaking activity this week saw a slight dip in terms of value, while volume nearly doubled on a week-on-week basis. PE/VC investment slipped below the $300 million mark, after witnessing two consecutive weeks wherein startups raised more than the amount. Indian startups this week raised ......
How VC-backed Vilcart plans to become the ITC and HUL of rural areas
Vilcart Solutions Pvt. Ltd plans to ramp up its private label vertical and tie up with more contract manufacturers, as it looks to nearly double its revenue in the current financial year and generate operating profits, a top executive at business-to-business rural e-commerce startup told VCCircle. “We want to be the ......
Facebook's first female engineer to launch India VC fund via South Park Commons
South Park Commons (SPC), founded by Aditya Agarwal and Ruchi Sanghvi, Facebook’s first female engineer, has teamed up with Flipkart’s co-founder Binny Bansal to enter India, expanding in its first international location. The husband-wife duo founded community, which derived its name from a Californian city neighbourhood, will aim to provide an ......
Lotus Herbals plans fund to bet on beauty care startups
Indian personal care major Lotus Herbals plans to launch a fund to invest mainly in early-stage startups in the beauty and personal care category, a top company executive told VCCircle. Nitin Passi, chairman and managing director of Lotus Herbals, told VCCircle in an exclusive interaction that the company is looking to ......
Orios Venture Partners reaps multibagger returns in partial exit
Orios Venture Partners, an early-stage venture capital firm with investments in companies such as Country Delight, BeatO, ixigo, and PharmEasy, has made a partial exit from a four-year-old investment. Orios, which is currently investing from its third fund with a target corpus of $120 million and is planning to raise a ......
How VC-backed fintech startup LoanTap stabilised its AUM in FY24
Digital lending startup LoanTap, which counts venture capital firms 3one4 Capital, Kae Capital, India Quotient, Avaana Capital and Tuscan Ventures as its investors, saw a recovery in its assets under management as of nine months of the last fiscal year. The company’s consolidated AUM contracted in the financial year (FY) ended ......
Grapevine: IL&FS, Enel get bids for infra assets; Brookfield plans Leela Hotels IPO
Adani Enterprises, Edelweiss Fund, Oriental Structural Engineers, GR Infrastructure, and Kalyan Toll are among 20 entities that have expressed interest in acquiring three road assets from IL&FS-- Jharkhand Infrastructure Implementation (JIICL), Jharkhand Road Projects Implementation (JRPICL), and Baleshwar Kharagpur Expressway (BKEL), a media report said. The interested parties include corporate houses, infrastructure ......
