GIC
TMT
Fintech unicorn Cred spent almost Rs 2 to generate one rupee in revenue in FY23
Serial entrepreneur Kunal Shah’s Cred grew its revenue rapidly in the financial year ended March 2023 as the fintech startup sought to improve monetisation by offering more products, but it spent almost twice as ......
General
Grapevine: ADIA may invest more in Reliance Retail; GIC plans agritech bet
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is looking to pick up an additional stake in billionaire Mukesh Ambani-led Reliance Industries Ltd’s retail arm, a media report said. ADIA, which is already an ......
Healthcare
TPG-backed firm to absorb Indian drugmaker's contract development biz, go public
An Indian biopharmaceutical company that counts private equity firm TPG as an investor will absorb a local drugmaker’s contract development ......
Healthcare
TPG-backed Asia Healthcare Holdings acquires nephrology hospital chain
Asia Healthcare Holdings (AHH), which operates Motherhood Hospitals and Nova Fertility Clinics, has struck a deal to pick up a majority stake in a urology and ......
Infrastructure
What is clouding GIC-controlled Greenko's outlook as it diversifies into new areas?
In March, Hyderabad-based renewable energy company Greenko raised $700 million (around Rs 5,700 crore) via a rights issue from its existing backers—GIC of Singapore, Abu Dhabi ......
Manufacturing
GIC-backed Ather gears up to test export markets after subsidy cuts
Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive ......
TMT
Deals Digest: Funding value doubles this week on two big-ticket transactions
The total value of private equity and venture capital deals in India nearly doubled this week from the previous five-day ......
Infrastructure
GIC, Hero MotoCorp invest $108 mn more in Ather Energy
Hero MotoCorp, India biggest two-wheeler maker by volume, and Singapore sovereign wealth fund GIC have invested Rs 900 crore ($108 ......
TMT
GIC-backed Skyroot to raise funding, double rocket launches amid Chandrayaan-3's success
Skyroot Aerospace, which launched India's first private rocket in 2022, aims to double its planned launches starting next year on ......
Manufacturing
GIC adds PE-backed manufacturing company to India portfolio
Singapore sovereign wealth fund GIC, one of the most active private equity-style investors in India, has added a manufacturing company ......
