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Africa-focused PE firm Salt Capital strikes control deal as PAPE Fund gets an exit

New Delhi, July 16 -- Salt Capital, an independent private equity fund manager that invests in Sub-Saharan Africa, is buying a controlling stake in a Johannesburg-based company that specialises in pro... Read More


L&T non-banking lending arm taps offshore investor

New Delhi, July 16 -- L&T Finance, the non-banking financial services arm of Indian conglomerate Larsen & Toubro Group, has roped in an international institutional investor for a $100 million (Rs 962 ... Read More


Agentic AI startup Emergent enters unicorn club with Series C round

New Delhi, July 15 -- Emergent, an agentic AI platform that enables founders and businesses to build full-stack, production-ready web and mobile applications, has raised $130 million (Rs 1,251 crore) ... Read More


Did Temasek beat the benchmark in its $200-mn India exit move?

New Delhi, July 15 -- Temasek, one of the two Singapore government sovereign wealth funds active in India alongside larger peer GIC, has sold close to a third of its stake in a five-year-old investmen... Read More


I Squared Capital to deploy up to $2 bn in Saudi wealth fund PIF's portfolio

New Delhi, July 14 -- I Squared Capital, an infrastructure-focused global private equity firm, intends to deploy up to $2 billion in capital in the infrastructure and real estate assets owned by the P... Read More


Elevation Capital collects $500 mn for ninth fund to back early-stage startups

New Delhi, July 14 -- Homegrown venture capital firm Elevation Capital has closed its ninth flagship fund that will invest in early-stage AI-focused startups in India. The VC firm said it has collect... Read More


BII ropes in EAAIF to co-fund Macquarie-backed Blueleaf Energy

New Delhi, July 14 -- British International Investment (BII), the UK government's development finance arm, has roped in the Emerging Africa & Asia Infrastructure Fund (EAAIF) to co-invest in its mezza... Read More


Dubai Future District Fund joins as LP in another US-based, realty-related fund

New Delhi, July 10 -- The Dubai Future District Fund (DFDF), the region's first evergreen venture capital fund-of-funds, has made a limited partner (LP)-style investment in a proptech fund, only a few... Read More


Nandan Nilekani's Fundamentum Partnership launches third fund

New Delhi, July 9 -- Growth-stage venture capital firm Fundamentum Partnership, co-founded by Infosys veteran Nandan Nilekani and Helion Ventures' co-founder Sanjeev Aggarwal, has launched its third v... Read More


Temasek, Accel-backed Cult.fit takes valuation hit ahead of IPO. Can it rebound?

New Delhi, July 8 -- Cult.fit Ltd, a fitness and health lifestyle platform that counts venture capital firms Accel and Chiratae Ventures besides Singapore's Temasek and strategic investors such as Tat... Read More