Fund News
The Insurance Regulatory and Development Authority of India (IRDAI), besides enabling direct entry of private equity funds into insurers, has also made exits smoother for PE/VC Funds that are 'promoters' of unlisted…
Fund News
Old venture capital funds (VCFs), floated during the boom days before the 2008 meltdown and in the next few years after the crash amid a sea of easy money, have drawn the attention of the capital markets regulator the…
Fund News
Capital markets regulator Securities and Exchange Board of India (Sebi) plans to increase the minimum ticket size for Alternative Investment Funds (AIFs) to INR 5 crore. Currently, it is INR 1 crore.
Liquidity Events
The initial public offering (IPO) of premium automobile retailer Landmark Cars has garnered bids for 2.46 crore shares against the IPO size of 80.41 lakh shares, a subscription of 3.06 times. The public issue comprises…
VC Fund Investments
Bengaluru-based GalaxEye Space, a spacetech start-up focused on earth observation, has raised USD 3.5 million in a seed round of funding led by Speciale Invest, a venture capital firm focused on deep-tech. The funding…
PE Fund Investments
Chennai-based automobile aftermarket company myTVS has raised INR 203 crore from European investor Exor (managed by Lingotto), as part of Series C funding. The total Series C fundraising of INR 690 crore also included…
PE Fund Investments
NeoGrowth, a Mumbai-based digital lender focused on Micro, Small and Medium Enterprises (MSMEs), has raised INR 300 crore in fresh funding led by a INR 160 crore investment from FMO, the Dutch development financial…
Liquidity Events
Goldman Sachs has sold a 4.50% stake in publicly listed QSR restaurants operator Sapphire Foods India Ltd. Also, Sapphire Foods Mauritius Ltd (an entity controlled by Samara Capital, Creador Capital, TR Capital…
Other Private Equity/Strategic Investments
Publicly listed HDFC Bank acquired a 7.75 % stake in Mintoak Innovations Pvt Ltd for INR 31.1 crore. The bank would subscribe to 21,471 fully paid up Compulsory Convertible Preference Shares (CCPS) of face value of INR…
Incubation/Acceleration
Seed-stage accelerator Startup Stairs has invested INR 9.6 crore in five startups. Gurugram-based Kart4U, a tech-driven startup that aims to empower street cart vendors, has raised INR 5 crore. This was followed by INR…
