Fund News
Money managers of PE-VC funds in India are rattled by a tax tribunal ruling, which if upheld by higher courts, could more than double the tax on the fund manager. The Customs, Excise & Service Tax Appellate Tribunal…
Fund News
Eight Roads Ventures India has promoted Ashish Venkataramani to Partner. He focuses on investments in pharmaceuticals, consumer health, healthcare technology and healthcare services. Venkataramani joined Eight Roads'…
Fund News
Pontaq, a cross border innovation fund investing in early-stage technology businesses across UK and India, will serve as a cornerstone investor for Software Technology Parks of India's (STPI) India debut "Next…
VC Fund Investments
Bengaluru-based logistics tech startup Vahak has raised USD 5 million in pre-series A funding led by RTP Global with participation from Luxor Capital and Leo Capital. Angel investors who also participated in the round…
VC Fund Investments
Bengaluru-based construction management app Powerplay has raised USD 5.2 million from Accel Partners and Surge. India Quotient and Snapdeal founders also participated in the round. Powerplay is a free mobile app that…
Private Equity Fund Investments
New Delhi-based electric two-wheeler maker Hero Electric has raised INR 220 crore in series B funding led by Gulf Islamic Investments (GII) and existing investor Oaks Asset Management. Avendus Capital is the advisor…
Private Equity Fund Investments
Spinny, a Gurugram-based used car retailing platform, has raised about USD 105 million in its Series D round led by Tiger Global. Spinny will allot 83,754 Series D preference shares and 20 equity shares at an issue…
Private Equity Fund Investments
IDP Education Ltd, an Australian listed entity, has acquired the British Council's International English Language Testing System ( IELTS) business in India for GBP 130 million (approx USD 181 million). Under the deal…
Other Private Equity/Strategic Investments
Jaipur-based insurtech startup InsuranceDekho is planning to raise Series A capital of USD 40-50 million. InsuranceDekho had, in 2020-21, clocked INR 1,200 crore in premium and sourced 1 million policies, and plans to…
Other Private Equity/Strategic Investments
Canada-based pension fund Omers and the Norwegian government's PE arm Norfund are in talks to invest USD 200 million in Avaada Energy that could peg the company's value at USD 1 billion. Avaada Energy was founded by…
