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Grapevine: KKR explores exit from Avendus; Flipkart eyes Dunzo

General

21 February, 2024

Grapevine: KKR explores exit from Avendus; Flipkart eyes Dunzo

US private equity firm KKR is considering an exit from Avendus Capital, a leading Indian financial services firm, more than ......

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Grapevine: Tata Sons looks to sell stake in super app arm; Binny Bansal floats new venture

General

03 January, 2024

Grapevine: Tata Sons looks to sell stake in super app arm; Binny Bansal floats new venture

Tata Sons has kickstarted the process to sell a minority stake in Tata Digital Pvt. Ltd, which operates the group’s ......

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Flashback 2023: Private investments and M&As take a hit as investors show caution

General

29 December, 2023

Flashback 2023: Private investments and M&As take a hit as investors show caution

India’s private investment scenario was more or less grim through 2023 as investors shifted stances, tweaked criteria and took more ......

Micro VC firm Eximius Ventures brings former Flipkart exec as general partner

Finance

01 November, 2023

Micro VC firm Eximius Ventures brings former Flipkart exec as general partner

Eximius Ventures, a micro venture capital firm which counts startups like Jar, Eka.care and Stan in its portfolio, said Wednesday it has ......

PhonePe's FY23 revenue jumps 77%, turns Ebitda positive on adjusted basis

TMT

18 October, 2023

PhonePe's FY23 revenue jumps 77%, turns Ebitda positive on adjusted basis

Walmart-owned Indian digital payments unicorn PhonePe's revenue surged 77% during the year ended March 2023, on the back of rapid ......

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Mirae Asset set to double down on India startup

Infrastructure

09 October, 2023

Mirae Asset set to double down on India startup

South Korean asset manager Mirae Asset Global Investments, which invests via multiple private and public equity-focused vehicles, is all set ......

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Lenskart backer TR Capital opens second office in India

Finance

06 October, 2023

Lenskart backer TR Capital opens second office in India

Secondaries-focused private equity firm TR Capital has opened its second office in India, as it expands its operations in the ......

Flipkart backs four early-stage startups via $100 mn fund

TMT

26 September, 2023

Flipkart backs four early-stage startups via $100 mn fund

Walmart-owned Flipkart has invested in four early-stage startups through its $100 million venture fund, Flipkart Ventures.    Fintech startup Castler, healthtech ......

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Grapevine: TotalEnergies looks at JV with Adani; Peak XV may invest in luggage brand

General

20 September, 2023

Grapevine: TotalEnergies looks at JV with Adani; Peak XV may invest in luggage brand

French energy giant TotalEnergies is nearing an investment in a joint venture with billionaire Gautam Adani-controlled firm, a media report ......

Former Flipkart executive's startup snags $6.7 mn from Blume, others

TMT

19 September, 2023

Former Flipkart executive's startup snags $6.7 mn from Blume, others

E-commerce startup Flash, floated by Flipkart’s former senior vice-president Ranjith Boyanapalli, on Tuesday said it has raised pre-Series A funding ......