Wealth management firm Client Associates marks first close of maiden VC fund
Wealth management firm Client Associates, which manages assets under advisory of around $5.5 billion (Rs 45,900 crore), has marked the first close of its maiden venture capital fund, Client Associates Alternate Fund (CAAF). Client Associates, which has set a target of raising Rs 500 crore for the category-II alternative investment fund ......
Ola gets a breather after sharp valuation cut ahead of planned IPO
An Ola investor that last year slashed the Indian company’s valuation to a level seen nearly a decade ago has now marked up the value of its holding in the private equity-backed cab aggregator, albeit only marginally, VCCircle has gathered. In what comes as a reprieve for the mobility unicorn that is ......
Aramco boasts a $31 bn dividend despite decline in earnings growth
Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold. The Saudi government, which directly holds about 82.2% of Aramco, relies heavily on ......
Confectionary brand Go Desi secures Series B funding
Bengaluru-based confectionary brand Go Desi Thursday said it has raised $4.9 million (Rs 41 crore) in a Series B funding round, led by impact investor Aavishkaar Capital. The round also saw participation from existing investors Rukam Capital, Roots Ventures and DSG Consumer. This marks the seventh investment from Aavishkaar Capital’s sixth India-focused ......
Zephyr Peacock, Arali invest in two startups; Shikhar Dhawan backs eyewear brand
Foodtech startup Poshn, fintech startup 50Fin and eyewear brand Que secured early-stage funding, the companies said on Monday. Poshn Poshn has raised $4 million in equity and $2 million in debt, in a pre-Series A funding round. Existing investors Zephyr Peacock and Prime Venture Partners participated in the round. Founded by Shashank Singh and ......
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 ......
ICICI Venture ropes in IvyCap Venture’s managing partner for growth stage bets
ICICI Venture, the alternative investment arm of private lender ICICI Bank, has roped in a managing partner from venture capital firm IvyCap Venture to serve as director and partner within the investment firm. ICICI Venture, which is an investor in Theobroma Foods, Bharat Biotech, Go Fashions India, Metropolis Health Services, and ......
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 ......
