Grapevine: Usha International eyes IPO; Stellaris, Orios bet bigger on proptech firm
Consumer-durables maker Usha International's promoters are exploring a public listing, The Economic Times reported, citing a company executive. The move is aimed at fueling its next phase of growth, per the report, which did not give any more details on the size or the timeline of the issue. Truva, Stellaris Venture Partners, ......
Flashback 2025: SEBI’s AI-only push, IPO norms, Jane Street action
In 2025, the most significant regulatory shift affecting private equity and venture capital funds, and their limited partners (LPs), was the Securities and Exchange Board of India’s (SEBI’s) move towards accredited investor-only (AI-only) funds. Accredited investors (AIs) are those who meet specified income or asset thresholds, and are therefore deemed financially ......
Flashback 2025: PE-VC dealmaking slows for third year but M&As surge
Private equity and venture capital dealmaking momentum slowed in 2025 but the number of mergers and acquisitions jumped this year, according to data compiled by VCCircle and research platform VCCEdge. The number of PE and VC transactions fell about 14.8% to just over 2,000, matching pre-pandemic levels seen in 2019. This ......
Flashback 2025: Blackstone's hirings, Peak XV’s exits and other PE/VC people moves
Global funds operating in the country, including Blackstone, Brookfield Asset Management, Carlyle Group, Warburg Pincus and Temasek Holdings, made key management changes over the past year while Indian private equity (PE) and venture capital (VC) firms added to their leadership ranks. Meanwhile, one of India's most active VCs, Peak XV Partners ......
Arise Ventures founder Ankita Vashistha on third fund, AI focus and more
Early-stage venture capital firm Arise Ventures is in the middle of scaling up after more than a decade of investing across India, the US, and Singapore. Having backed companies such as software company Uniphore, meat and seafood delivery platform Licious, cosmetics marketplace Luxola, and HR technology provider Phenom across its ......
Nippon Life India AIF raising new venture capital fund for direct startup bets
Japanese financial services conglomerate Nippon Life Group’s alternative investments arm in India is raising a venture capital fund to bet on startups directly as it seeks to increase its exposure to high-performing companies that it currently backs through third-party VC funds, a top executive told VCCircle. “We were [so far] a ......
Kedaara Capital strengthens bench with firm-wide promotions
Homegrown investment firm Kedaara Capital, which primarily makes private equity bets but has also recently begun investing through its public markets vehicle, has carried out a broad round of internal promotions as it strengthens its leadership bench across investment and portfolio support functions. Founded in 2012 by Manish Kejriwal, Sunish Sharma, ......
Temasek's Fullerton hikes stake in Lendingkart even as legal woes loom
Temasek-operated Fullerton Financial Holdings(FIH) has infused additional capital in Lendingkart Technologies, hiking its stake in the company, VCCircle has learnt. The fund infusion comes amid an ongoing legal tussle between Lendingkart founder Harshvardhan Lunia, and the Fullerton-led management among other parties. Fullerton Financial, which is a subsidiary of FIH, has infused Rs ......
Flashback 2025: Key trends that shaped real estate sector this year
India’s real estate market continued its stellar run in calendar year 2025, with total institutional capital inflows touching about $10.4 billion across 77 transactions, a 17% increase from 2024, which saw investments of roughly $8.9 billion, according to a report by real estate consultancy JLL. Capital inflows have steadily risen since ......
Grapevine: Warburg Pincus eyes stake sale in insurer; Fortum's once-stalled deal nears closing
Private equity firm Warburg Pincus is exploring a sale of its stake in a Mumbai-based insurer and drawing interest from multiple investors, and Gurugram-based JBM Group is looking to acquire a majority stake in an Indian arm of Finnish state-run utility Fortum Oyj, according to separate media reports. IndiaFirst Life, Warburg ......















