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PE-backed Ugro elevates senior exec as CEO

New Delhi, June 24 -- Ugro Capital, fresh off its acquisition of private equity-backed Profectus Capital, has appointed Anuj Pandey as its new chief executive officer. Pandey, a founding team member ... Read More


Ace investors Prashant Jain, Madhu Kela's firms bet on Capri Global

New Delhi, June 13 -- Prashant Jain, former chief investment officer of HDFC Mutual Fund, and well-known stock market investor Madhusudan Kela have bet on a financial services company through their re... Read More


Bajaj Finserv appoints former Kotak executive Lakshmi Iyer to lead investments

New Delhi, June 10 -- Bajaj Finserv has appointed Lakshmi Iyer as group president for investments, effective August 1, the company announced in an exchange filing. Iyer previously served as CEO of in... Read More


Zaggle to buy VC-backed spend management platform Dice Enterprises

New Delhi, June 5 -- Software-as-a-services firm Zaggle Prepaid Ocean Services Ltd said Thursday it has agreed to acquire spend management startup Dice Enterprises for Rs 123 crore ($14.3 million). "... Read More


Apollo Global, ChrysCap-backed Hero Fincorp gets SEBI nod for IPO

New Delhi, May 28 -- Hero FinCorp, backed by US-based Apollo Global Management, India's ChrysCapital, and London-headquartered Apis Partners, has received approval from the Securities and Exchange Boa... Read More


PE-backed Hero FinCorp secures SEBI approval for $428-mn IPO

New Delhi, May 28 -- Hero FinCorp, backed by US-based Apollo Global Management, India's ChrysCapital, and London-headquartered Apis Partners, has received approval from the Securities and Exchange Boa... Read More


VC-backed Samunnati raises another $5 mn in pre-Series E round

New Delhi, May 27 -- Agri-focused non-banking financial company Samunnati Financial Intermediation Services has raised Rs 42.5 crore ($5 million) from an existing investor as part of its pre-Series E ... Read More


IDFC First Bank shareholders reject proposal to offer board seat to Warburg Pincus

New Delhi, May 19 -- Private equity firm Warburg Pincus has suffered a setback in its attempt to nominate a representative to the board of IDFC First Bank, a month after agreeing to invest Rs 4,876 cr... Read More


IIFL Fintech Fundexitsanalytics platform, generates two-fold return on investment

New Delhi, May 13 -- IIFL Fintech Fund, the early-stage fintech investment vehicle of the diversified financial services group IIFL, has exited Finarkein Analytics Pvt Ltd and generated a two-fold ret... Read More


IIFL Fintech Fundexitsanalytics platform, doubles its investment

New Delhi, May 13 -- IIFL Fintech Fund, the early-stage fintech investment vehicle of the diversified financial services group IIFL, has exited Finarkein Analytics Pvt Ltd and doubled its investment i... Read More