Grapevine: JSW Neo, Macquarie in race for Ayana; EDBI may invest in Mohalla Tech
JSW Neo Energy and Sekura Energy, alongside Masdar, Sembcorp, and Macquarie, have made non-binding offers for a controlling stake in Ayana Renewable Power, majority owned by the National Investment and Infrastructure Fund (NIIF), a media report said. NIIF is poised to move forward by shortlisting suitors over the coming weeks. Subsequently, two, or at most ......
Grapevine: Bain, Temasek team up for Haldiram bid; ONGC, NTPC Green Energy eye Ayana
Bain Capital and Singapore's Temasek have joined forces to compete with a Blackstone-led consortium for a controlling stake in Haldiram's Snacks Food Pvt Ltd, a media report said. The Bain-Temasek partnership submitted a non-binding offer last week, valuing the Indian snack giant at $8-8.5 billion, The Economic Times reported, citing people familiar with the matter. Bain had ......
Singapore VC firm Golden Gate Ventures rolls out $100-mn MENA fund
Golden Gate Ventures, a Singapore-based early-stage venture capital firm that manages assets worth $250 million across three continents, has launched a Middle East and North Africa–focused investment vehicle in Qatar. The Southeast Asian VC firm launched the MENA fund with a $100 million target and secured commitments worth $20 million from ......
Jungle Ventures leads $20 mn Series B round in RED.Health
Medical emergency response platform RED.Health, which claims to dispatch ambulances within eight minutes, has raised $20 million (Rs 167 crore) in its Series B funding round led by venture capital firm Jungle Ventures. The funding round also saw participation from existing and new investors including HealthQuad, HealthX, and Alteria Capital. The fresh funds will ......
Dubai's DFDF plans to deploy half corpus by this year across direct, fund-of-fund bets
Dubai Future District Fund (DFDF), the region’s first evergreen venture capital fund-of-fund, aims to hit the halfway mark of its initial corpus in terms of deployment by the end of the current year, three years since its launch, according to a top company executive. Eyeing startups in the generative AI, climatetech ......
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 ......
MENA Digest: WheeKeep, Airwater, Lune raise funding; Beco Capital gets an exit
Funding activity in the Middle East and North Africa region during the week was led by a slew of UAE and Saudi Arabia-based tech-backed startups. While Saudi logistics player Wheekeep secured growth-stage funding, the UAE-based proptech startup Property Finder raised debt financing to provide an exit to its first institutional ......
Matel, three others secure early-stage funding
E-mobility startup Matel, spiritual tech startup InstaAstro, local savoury startup The Betel Leaf Co and co-working startup Stylework secured early-stage funding, the companies said on Wednesday. Matel Matel has raised $4 million (Rs 33.4 crore) in a Series A funding round led by Transition VC. The round also saw participation from Nikhil Kamath’s Gruhas and Haresh ......
Transforming Real Estate: India’s leading proptech program successfully concludes Cohort II with speed scaling 5 incredible startups
After six months of intensive collaboration, innovation, and growth, Gruhas Aspire is proud to announce the successful conclusion of the IInd edition of its Proptech Speed Scaling Program launched by Gruhas, DLF Family Office and Anthill Ventures. This milestone marks the culmination of a transformative journey for this year’s participating ......
Niqo Robotics snags $13 mn in Series B round
Agriculture robotics startup Niqo Robotics Wednesday said it has raised $13 million (Rs 109 crore) in its Series B funding round that was led by Bidra Innovation Ventures. The round also saw investments from new investor Fulcrum Global Capital and existing investor Omnivore. This funding round brings Niqo’s total fundraising to $21 ......
