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TREND | 28 Jun 2024

Private equity major Bain Capital to allocate 20% of Asia fund to India

Business Standard

Bain-owned Tyger Capital targets 4x growth in book to Rs 15,000 cr

Startups

TREND | 28 Jun 2024

Unlocking Maximum Potential: Venture Capital in Indian Tech Start-Ups - A guide from Hedonova

Business Standard

Startups

TREND | 27 Jun 2024

BigBasket and Tata 1mg opt for debt over equity for expansion in FY25

Business Standard

Tata 1mg received board approval for offline expansion, which will be funded through debt, while BigBasket plans to raise $80-100 million through a mix of equity and debt

Startups

TREND | 25 Jun 2024

SaaS start-up Rocketlane raises $24 million in Series B funding

Business Line

Chennai and US-based B2B SaaS start-up is planning to use the funds to execute its AI roadmap

Startups

TREND | 22 Jun 2024

Indian Deeptech Startups Count Surged In 2023 Even As Funding Plummets: Nasscom

NDTV Profit

India's deeptech promise is stunted by a funding gap, according to the report.

Startups

TREND | 21 Jun 2024

WestBridge Capital divests 1.2% stake in Indiamart for Rs 190 crore

Business Standard

Private equity firm WestBridge Capital on Friday offloaded a 1.2 per cent stake in IndiaMART InterMESH for Rs 190 crore through open market transactions. WestBridge Capital, through its affiliate WestBridge Crossover Fund LLC, sold shares of IndiaMART InterMESH, an online B2B marketplace, through two separate block deals on BSE. As per the data available with BSE, WestBridge Crossover Fund LLC disposed of 7.3 lakh shares or a 1.2 per cent stake in IndiaMART InterMESH in two tranches. The shares were offloaded at an average price of Rs 2,601 apiece, taking the deal size to Rs 189.87 crore. These shares were purchased by SBI Mutual Fund and Morgan Stanley Asia (Singapore) at the same price. Shares of IndiaMART InterMESH gained 1.25 per cent to close at Rs 2,648.80 apiece on the BSE. In another block deal on the BSE, Rajat Agrawal, one of the promoters' of Gravita India, pared a 2 per cent stake in the company for Rs 191 crore. As per the block deal data available, Agrawal sold 14

Startups

TREND | 21 Jun 2024

Venture Capital firm Peak XV Partners most active investor in India: Hurun

Business Standard

Venture Capital firm Peak XV is the most active investor in Indian startups with investment in 47 entities, according to ASK Private Wealth Hurun India Future Unicorn Index 2024. According to the index report, Peak XV is followed by Accel which has invested in 25 companies that are poised to become the next generation of unicorns. "With an impressive portfolio of 47 investments, Peak XV Partners emerges as the top investor in the ASK Private Wealth Hurun India Future Unicorn Index 2024, the report said, adding that Peak XV Partners registered successes by investing in Turtlemint, CleverTap and Classplus, among others. The report said that the number of unicorns -- startups valued at over USD 1 billion -- slipped by one to 67 in 2023. Peak XV is an investor in 70 per cent of India's unicorns. "Ranking 2nd on the ASK Private Wealth Hurun India Future Unicorn Index 2024, Accel has made investments in 25 companies that are poised to become the next generation of unicorns. Their portfo