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Zaggle to acquire majority stake in enterprise software firm EffiaSoft

New Delhi, March 28 -- Software-as-a-service company Zaggle Prepaid Ocean Services Ltd has agreed to acquire a majority stake in Hyderabad-based enterprise software company EffiaSoft Pvt Ltd. As part... Read More


CDPQ-backed Edelweiss ARC appoints insider as interim MD and CEO

New Delhi, March 19 -- Edelweiss Asset Reconstruction Company said Wednesday it has received the Reserve Bank of India's (RBI) approval to appoint Mythili Balasubramanian as interim managing director ... Read More


Allianz to exit insurance JVs with Bajaj Finserv, explore new opportunities

New Delhi, March 18 -- Germany financial services giant Allianz SE has agreed to sell its entire stakes in two insurance joint ventures with Bajaj Finserv Ltd and will explore new new opportunities to... Read More


True North leads Series B funding in Nivara Home Finance

New Delhi, March 17 -- Nivara Home Finance Ltd said Monday it has raised Rs 220 crore ($25.3 million) in a Series B funding round led by private equity firm True North. True North, via its seventh fu... Read More


Patanjali, DS Group to buy Magma General for over $500 mn to enter insurance sector

New Delhi, March 13 -- Patanjali Ayurved Ltd and DS Group have teamed up to enter India's insurance sector with the acquisition of Magma General Insurance Ltd from Adar Poonawalla-owned Sanoti Propert... Read More


Flipkart-backed super.money buys BharatX to integrate BNPL into UPI

New Delhi, Feb. 25 -- UPI payments platform super.money, which is backed by Flipkart, has acquired checkout financing platform BharatX, with the aim to integrate buy now, pay later (BNPL) and installm... Read More


VC-backed Credit Fair gets fresh capital from impact investor

New Delhi, Feb. 19 -- Non-bank lender Credit Fair has received $5 million (about Rs 43.4 crore) in debt capital from a British International Investment-backed firm, the company said. The company rais... Read More


360 ONE Asset to acquire 15% stake in Bharti AXA Life Insurance

New Delhi, Feb. 18 -- Asset management firm 360 ONE Asset has agreed to acquire a 15% stake in Bharti AXA Life Insurance. The fresh investment will help the life insurer grow its operations, enhance ... Read More


NIIF plans maiden private credit fund, targets $2-bn corpus

New Delhi, Feb. 12 -- The government-backed National Investment and Infrastructure Fund (NIIF) is planning to raise $2 billion under its maiden private credit fund that would make it India's largest s... Read More


SBFC Finance taps offshore investor to raise capital

New Delhi, Feb. 11 -- SBFC Finance Ltd, a non-bank lender focussed on micro, small, and medium-sized enterprises, has tapped an offshore investor to help expand its operations. The Mumbai-based lende... Read More