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 ......
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 ......
Searchlight: How a bootstrapped tour and travel firm stood its ground as peers struggled
India’s tour and travel services sector has gone through much disruption over the last decade with several companies folding up or merging with bigger competitors despite raising venture capital funding, but a handful of bootstrapped operators have managed to defy the odds. Mumbai-based Akbar Travels of India Pvt. Ltd is ......
Exclusive: Poonawalla's Serum Institute forays into medtech via acquisition
Serum Institute of India (SII), the world's biggest vaccine maker, has picked up a minority stake in a medical technology company, two people aware of the development told VCCircle. Billionaire Adar Poonawalla-led SII, according to the people mentioned above, has invested in IntegriMedical, which is known for making needle-free injection systems (N-FIS). SII has picked ......
How much did Vivriti AMC return to its investors on closure of first fund?
Mid-market private credit firm Vivriti Asset Management, part of the Chennai-based Vivriti Group, has closed its first private credit fund, thereby returning money to investors, it is learnt. The asset manager had launched the Vivriti Samarth Bond Fund (SBF) in 2019, raising Rs 265 crore (nearly $38 million) from its investors, ......
Bottomline: How PlasmaGen Bio plans to break its streak of revenue stagnancy
Bengaluru-based biopharmaceutical company PlasmaGen Biosciences Pvt. Ltd, backed by venture capital firm Eight Roads Ventures, is poised to break out from a stagnant revenue run-rate, as it shifts towards majority in-house manufacturing, top company officials informed VCCircle. While the company’s topline has been stuck in the range of Rs 100-110 crore ......
HDFC Bank to secure big-ticket loan to bolster women lending book
India’s largest private lender HDFC Bank is set to raise fresh debt from a marquee global private equity investor in a bid to support lending to women borrowers, as microloans to self-help groups (SHGs) and joint liability group enrolled under the bank’s sustainable livelihood initiative. The bank is on track to ......
Grapevine: Multiples PE eyes Ebco; GIC, ADIA join PE consortium for Haldiram deal
Indian private equity firm Multiples Asset Management is in advanced discussions to secure a controlling interest in furniture hardware company Ebco, a media report said. Should the negotiations conclude successfully, Multiples is poised to acquire a majority stake in the company, although other investors are also reportedly involved in the process, DealStreetAsia reported, citing ......
Samvardhana Motherson sweetens terms for European acquisition
Indian auto parts manufacturer Samvardhana Motherson International Ltd has acquired a French component maker for aircraft engines and medical devices on more favourable terms than planned before. Samvardhana Motherson, earlier known as Motherson Sumi Systems Ltd, had in October last year announced the acquisition of ADI Group. The deal included the ......
Bottomline: Oxyzo on its way to top $1 bn in AUM as financials soar
Private equity-backed Oxyzo Financial Services Ltd, the non-banking financial arm of B2B marketplace OfBusiness, is inching closer to the $1 billion AUM (assets under management) mark, even as the company continues to improve its other financial metrics in the financial year through March 2024. Oxyzo, which counts the likes of Alpha ......
