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IPO-bound NBFC Northern Arc raises $80 mn from IFC

Finance

24 April, 2024

IPO-bound NBFC Northern Arc raises $80 mn from IFC

Non-banking lender Northern Arc, which recently refiled its preliminary papers for a public listing, has raised $40 million (Rs 333 crore) in ......

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Adenia expands LP base beyond legacy regions for oversubscribed fifth fund

Finance

24 April, 2024

Adenia expands LP base beyond legacy regions for oversubscribed fifth fund

Adenia Partners, a Mauritius-based private equity firm that focuses on mid-sized businesses across Africa, geographically diversified its investor base for ......

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Dutch impact investor Bix Capital taps returning LP for Africa, Southeast Asia fund

Finance

23 April, 2024

Dutch impact investor Bix Capital taps returning LP for Africa, Southeast Asia fund

Bix Capital, a Dutch impact investment firm that offers debt financing to small and medium enterprises mainly in sub-Saharan Africa, ......

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Spotlight: Can KKR-backed Hero Future catch up with green energy giants?

Infrastructure

19 April, 2024

Spotlight: Can KKR-backed Hero Future catch up with green energy giants?

Back in 2012, when it was founded, Hero Future Energies (HFE) was one of a handful of renewable energy companies ......

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Hong Kong clothing firm Epic Group taps overseas investor for India expansion

Manufacturing

16 April, 2024

Hong Kong clothing firm Epic Group taps overseas investor for India expansion

Hong Kong-based apparel manufacturer Epic Group Holdings Ltd, which is planning to set up its first garment factory in India, ......

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Early-stage VC Endiya Partners taps domestic LP for third fund

Finance

10 April, 2024

Early-stage VC Endiya Partners taps domestic LP for third fund

Early-stage venture capital firm Endiya Partners, which counts startups such as Darwinbox, Cult.fit, Kissht and Ekincare among its portfolio companies, ......

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Former IFC exec teams up with Sangam Ventures cofounder to float VC fund

Finance

09 April, 2024

Former IFC exec teams up with Sangam Ventures cofounder to float VC fund

Ruchira Shukla, a former senior executive at International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, ......

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Eversource to get a cheque from existing LP for smart metering platform

Infrastructure

09 April, 2024

Eversource to get a cheque from existing LP for smart metering platform

Climate-focused alternative investment firm Eversource Capital is set to receive funding from one of its existing limited partners for its ......

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Francophone Africa-focused Janngo Capital set to get LP for startup fund

Finance

05 April, 2024

Francophone Africa-focused Janngo Capital set to get LP for startup fund

Janngo Capital, a Francophone Africa-focused multi-stage venture capital firm that backs tech-based small and medium enterprises, is set to rope ......

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Apple's Chinese supplier Lingyi taps foreign investor for India expansion

Manufacturing

04 April, 2024

Apple's Chinese supplier Lingyi taps foreign investor for India expansion

An Indian step-down subsidiary of Chinese consumer electronics component maker Lingyi iTech (Guangdong) Co Ltd is set to raise as much as ......