Dr. Manivannan (left) Founder and Managing Director and Dr. Chandrakumar, (right) Founder and Chairman of Kauvery Hospitals Group. Photo: Special Arrangement Chennai-based Kauvery Hospitals has raised equity funding of $70 million from private equity (PE) fund managed by IIFL Asset Management Limited for a minority stake. The investment holds significance in Kauvery Hospitals’ next phase … Read more
Electric Vehicles (EV) continues to attract investors’ attention. Now Tube Investments of India (TII) has announced fund raising in it’s wholly owned subsidiary, TI Clean Mobility Private Limited (TICMPL). TICMPL, a recent initiative of TII, is focused into manufacture and marketing of Electric Three Wheelers and through it’s subsidiaries into Electric Tractors and Electric Heavy … Read more
Apax Partners is rumoured to sell its entire stake in Shriram Finance through block deal in secondary market on January 13, 2023. Apax currently holds 4.63% stake in the Company. This is in lieu of the 16.73% that it held in Shriram City Union Finance (SCUF) as on September 30, 2022. Subsequently, SCUF had merged … Read more
For years, becoming a unicorn was the main goal of startups. Now, with venture funding drying up and many young firms’ survival in doubt, another creature is the talk of the town: the cockroach. Venture capitalists and technology chieftains converged in Singapore in recent weeks to hobnob over a number of high-profile annual conferences, … Read more
Blackstone will sell a stake worth up to $400 million in Embassy Office Parks REIT, the country’s biggest real estate investment trust, via stock exchange block deals, three sources familiar with the matter told Reuters. Abu Dhabi’s sovereign wealth fund, one of the world’s largest, is likely to pick up at least half of the … Read more
Ronnie Screwvala-led edtech unicorn upGrad said it has raised a funding of $210 million from marquee investors and Family Offices who join the company cap-table. This round has witnessed participation from ETS Global (world’s largest TOEFL & GRE Test Leader), Bodhi Tree (a JV of James Murdoch & Uday Shankar), Singapore’s Kaizen Management Advisors Pvt. … Read more
Venture capital firm Sequoia India and Southeast Asia has raised USD 2.85 billion – the highest ever in one tranche by any venture capital fund – to fund startups and other ventures in the region, the company said in a statement. Of the funds raised, USD 2 billion is dedicated to India across two funds, … Read more
The plunge in startup valuations could last years, say VCs at the firm Redpoint Ventures. The situation is similar to the dot-com bust after the 1999’s tech boom, they say. But one big difference from two decades ago is the record piles of cash VCs are sitting on now. Venture capitalists were partying like it … Read more
India’s private equity market has turned so competitive that simply ‘buying low’ and ‘selling high’ is no longer a sustainable strategy for an investment company, said Amit Dixit, head of Asia, private equity, Blackstone. “(Instead) what’s really sustainable is you buy what you can build or rather, do not buy what you cannot build, and … Read more