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Lightspeed-backed Udaan raises $75 mn in internal round

New Delhi, Feb. 17 -- B2B e-commerce platform Udaan has closed its Series G equity funding round after raising $75 million (about Rs 650 crore), people aware of the development told VCCircle. The fun... Read More


Jashvik Capital acquires majority stake in Laxmanrekhaa insecticide maker

New Delhi, Feb. 11 -- Homegrown private equity firm Jashvik Capital has acquired a majority stake in Midas Hygiene Industries Pvt. Ltd, which sells branded consumer products for pest control and home ... Read More


Two MDs quit Peak XV Partners after long tenures

New Delhi, Feb. 11 -- Two managing directors at Peak XV Partners, one of India's most active venture capital investors, are stepping down after spending more than a decade each at the firm previously ... Read More


IDBI Capital-managed VC fund exits Cyronics, JSR Dynamics

New Delhi, Feb. 10 -- The Maharashtra Defence and Aerospace Venture Fund (MDAVF), an alternative investment fund managed by IDBI Capital Markets and Securities Ltd, said Monday it has exited two compa... Read More


Infosys co-founder's family office Mirabilis bets on women's wellness brand Nua

New Delhi, Feb. 6 -- Women's wellness and hygiene brand Nua has raised Rs 35 crore ($4 million) in a pre-Series C round led by Mirabilis Investment Trust, the family office of Infosys Ltd co-founder K... Read More


South Korea's Krafton leads $53 mn funding in Cashfree Payments

New Delhi, Feb. 5 -- Cashfree Payments said Wednesday it has raised Rs 450 crore (around $53 million) in a funding round led by South Korean digital entertainment firm Krafton. Existing investor Apis... Read More


Good Glamm Group co-founder Priyanka Gill quits Kalaari to start new venture

New Delhi, Feb. 4 -- Priyanka Gill, the co-founder of the Good Glamm Group who had joined early-stage venture capital firm Kalaari Capital as a venture partner in February last year, has now left the ... Read More


Tiger Global-backed Upstox's FY24 adjusted profit jumps 8x, revenue grows 25%

New Delhi, Jan. 31 -- Wealth management platform Upstox said Friday its revenue rose almost 25% to Rs 1,311 crore in the financial year ended March 2024 and adjusted net profit increased nearly eight-... Read More