Medikabazaar raising fresh funding from PE investor
Medikabazaar, a business-to-business (B2B) marketplace for medical products, is raising fresh capital from at least one private equity firm even as it remains embroiled in court battles and corporate governance issues, VCCircle has gathered. The B2B platform, operated by Mumbai-based Boston Ivy Healthcare Solutions Pvt Ltd, is raising funds from its ......
Grapevine: Bain-Piramal fund, Bessemer, Vixar, Gauri Khan Family Trust in news
Piramal Group and Bain Capital’s JV, India Resurgence Fund (RF), has begun the process of selling part of its stake in Synthimed Labs, while Bengaluru-based biotech startup Pandorum Technologies is raising additional funding in its ongoing Series B round. Meanwhile, Vixar, formerly Arpwood Partners, has acquired a significant minority stake in ......
PE-backed Lohum's strategy head on financial performance, rare earth foray and more
Sustainable battery-raw-materials business Lohum Cleantech Pvt Ltd, backed by homegrown private equity firm Baring Private Equity Partners India, posted an impressive topline growth in FY25 increasing 70% year-on-year. Founded in 2017 by Rajat Verma, Lohum provides an end-to-end ecosystem for battery recycling, repurposing, materials refining, and integrated battery lifecycle management. It ......
Deals Digest: PE, VC funding value cools despite steady deal flow
Private equity and venture capital activity slowed in terms of overall value, even though the deal volume remained healthy in the five-day period ended December 19, according to data compiled by VCCircle. Companies raised over $600 million (around Rs 5,378 crore) across 26 deals, compared with $1.44 billion (around Rs 12,908 ......
Spinny set to onboard new offshore investor in ongoing fundraise
Used car retailing platform Spinny, which is currently raising $160 million (around Rs 1,447 crore) in its Series G funding round as it expands its business with the impending buyout of car-servicing and repair startup GoMechanic, is likely to welcome a new investor in the ongoing fundraise, VCCircle has learnt. The ......
Edelweiss' alternative investment arm revives IPO plan
EAAA India Alternatives’ plan to list on bourses is now back on track, after its earlier attempt stalled after the market regulator made observations about financial disclosures. The company is planning to refile its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) soon, two people familiar ......
Grapevine: Kolkata Knight Riders, General Catalyst, Bain Capital, WestBridge others in news
Three-time IPL winner Kolkata Knight Riders (KKR) is exploring a minority-stake sale, while home services startup Pronto, medical diagnostic chain House of Diagnostics and Bengaluru-based fintech startup Jar are in advanced stages to rake in fresh funding. Meanwhile, electric commercial-vehicle startup Qucev has secured growth capital in Series B round, according ......
Indian family offices going global, favouring AIFs: Deloitte's Parthiv Kamdar
Indian family offices have been changing their operating models over the past decade, rapidly adapting to alternative asset classes in recent years. In an interview with VCCircle, Parthiv Kamdar, partner at Deloitte India, talks about the changing attitudes among wealthy Indian families towards various asset classes, the limit they set on ......
VC firm VenturEast exits seven-year-old SaaS bet with stellar returns
VenturEast, one of India’s oldest venture capital firms that has been investing in the country since 1997, has entirely exited its bet in a software-as-a-service (SaaS) company that it first invested in nearly seven years ago. The Bengaluru-based VC firm, which has clocked multiple exits in the last few months including ......
Gulf investors seek more transparency from GPs: Panellists at VCCircle LP Summit
The Gulf's private equity and venture capital ecosystem is at an inflection point, with local limited partners (LPs) increasingly open to backing alternative investments but demanding greater transparency and longer investment horizons from fund managers in a market that is still at a nascent stage. "When we look at the Middle ......
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