Bottomline: Stride Ventures founders' NBFC StrideOne grows AUM, plans fresh fundraise
Stride One Capital Pvt. Ltd, a non-banking financial company (NBFC) set up by the founding members of venture debt firm Stride Ventures, has recorded strong growth in its assets under management (AUM) even as it plans to raise fresh funding to expand its business, VCCircle has gathered. The NBFC, which operates ......
Beams Fintech Fund changes timeline for final close of maiden vehicle, ropes in two LPs
Beams Fintech Fund, a private equity firm focused on investments in growth-stage financial services and software companies, has revised the timeline for making the final close of the maiden investment vehicle, a top executive told VCCircle. The Mumbai-based firm, which was earlier looking to make the final close of the fund ......
Belgium’s Verlinvest ups stake in Indian consumer products firm
Belgian investment firm Verlinvest, which focuses on consumer as a theme for both its direct venture capital and private equity-style transactions as also its commitments to third-party managed funds, has increased its exposure to one of its portfolio companies in India, two people aware of the development told VCCircle. Verlinvest, which ......
Ola backer Matrix Partners sees partner-level exit
A partner-level executive is leaving venture capital firm Matrix Partners India, which is one of the most active investors in homegrown startups, two people aware of the development told VCCircle. Matrix Partners, which is an investor in Indian unicorns such as Ola, Dailyhunt, OneCard, Razorpay and Ofbusiness, has seen the departure ......
General Atlantic kicks off exit plan from India healthcare portfolio firm
Private equity firm General Atlantic, which makes both late-stage venture capital and growth equity transactions in India, has started the process to monetise its investment in a local healthcare company that it backed five years ago. The move comes after General Atlantic in January exited its first control transaction in India by ......
Shrem InvIT moves forward with over $450 mn highway deal
Highways infrastructure investment trust Shrem InvIT is moving forward with a deal worth more than $450 million that will see it acquire five operational road projects across Uttar Pradesh, Bihar, Haryana, Maharashtra, Andhra Pradesh, Tamil Nadu, Jharkhand and Delhi-National Capital Region, VCCircle has gathered. These acquisitions will add more heft to Shrem ......
Bottomline: PE-backed lender Aviom aims to double AUM as profit, margin improve
Aviom India Housing Finance Pvt. Ltd aims to double its assets under management during the current fiscal year after recording a 70% uptick in AUM for FY24 and improving its profit as well as net interest margin. The social impact-focused lender, which provides small-ticket home loans to people in rural and ......
Admaius Capital backs education player in region, its third bet this month
Pan African private equity investor Admaius Capital Partners has struck another deal in the region, making its sixth bet so far from its first fund and third one this month. The Rwanda-based PE firm, with offices in Nairobi, Johannesburg, Tunis, and London, fully acquired a leading private higher medical institution in ......
Spotlight: Quikr remains in quicksand after failing to monetise its string of acquisitions
Online classifieds platform Quikr, one of the earliest tech unicorns in the country once used to boast a larger-than-life scale of its total addressable market. In November 2018, while talking about how the company grew in 2017-18, Pranay Chulet, founder and chief executive of the firm said: “Quikr is built for ......
Gulf VC Nuwa Capital explores growth-stage investment opportunities
Gulf-focused venture capital firm Nuwa Capital, which is currently deploying from its early-stage $100-million maiden fund, is now exploring growth-stage investment opportunities in the Middle East and North Africa (MENA) region to plug the funding gap for mature startups raising late-stage capital, according to a top company executive. The move ......
