Deals Digest: A91 Partners, UK’s BII make two bets each as PE/VC activity jumps
Private equity and venture capital activity increased this week, both in value and volume terms, with A91 Partners striking two new deals and British International Investment (BII) making two bets in the electric vehicle segment. The total PE/VC investment amount stood at $322 million across 32 deals this week, up from ......
Why is Swiss DFI SIFEM bullish on private credit in India?
The Swiss Investment Fund for Emerging Markets (SIFEM), Switzerland's development finance institute, which has been investing in India as a limited partner since 2006, is exploring investment opportunities for private credit funds in India, a top executive told VCCircle. SIFEM’s strategy for portfolio allocation is split 80-20 between private equity and ......
Zephyr Peacock may monetise stake as portfolio fintech firm mulls IPO
Mid-market private equity firm Zephyr Peacock India plans to partly monetize its seven-year-old investment in a fintech company through a likely initial public offering (IPO), a person familiar with the matter told VCCircle. While the specifics of the IPO are yet to be finalized, it is expected that the portfolio company, MPOWER Financing, will opt ......
Former Mahindra Partners, Omidyar execs' PE firm Amara makes manufacturing bet
Amara Partners, a private equity firm floated by Parag Shah, a former executive of Mahindra Partners, and Piyush Soone, a former executive of Omidyar Network, has invested in an automotive component manufacturing company. The Mumbai-based investor, focused on mid-market companies as well as Series A and B startups, has backed publicly ......
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 ......
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 ......
Peak XV Partners trims stake in IPO-bound company
Venture capital firm Peak XV Partners, previously known as Sequoia Capital India and Southeast Asia, has trimmed its stake in an IPO-bound company that it first backed about seven years ago. The firm, which separated from American VC firm of the same name and was rebranded, has sold shares worth Rs 38.3 crore ......
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 ......
Deals Digest: Funding value surges on back of big-ticket financial services deal
Private equity (PE) and venture capital (VC) investment saw a substantial jump in terms of value, propelled by a large PE investment in the financial services space. Deal volume, however, dipped slightly this week with the overall number reducing by three deals as compared to the week before. Startups this week raised ......
