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MENA Digest: Saudi firm Tuba, Iraq's IQ Cars, UAE's Fuze secure funding

New Delhi, May 2 -- Dealmaking in the Middle East and North Africa region picked up pace this week, led by a series of big-ticket fundraises. These included a triple-digit pre-IPO funding round by dig... Read More


VC-backed LoanTap's co-founder Vikas Kumar dies in accident

New Delhi, May 1 -- Vikas Kumar, who co-founded the digital lending startup LoanTap Financial Technologies Pvt. Ltd along with Satyam Kumar, died in an accident on Wednesday. A spokesperson for the P... Read More


Neev Fund-backed GPS Renewables' JV with Indian Oil raises fresh capital from Japan's Sojitz

New Delhi, May 1 -- Japan-based Sojitz Corporation has made an investment in a holding structure of the special purpose company set up jointly by Neev Fund backed-GPS Renewables Pvt. Ltd and state-run... Read More


Fuze, Salt Oral Care secure early-stage funding

New Delhi, May 1 -- Digital assets infrastructure startup Fuze and oral wellness brand Salt Oral Care have raised funding in separate early-stage rounds, the companies said. Fuze Fuze has raised $12... Read More


Fuze, Salt Oral Care, Jamm secure early-stage funding

New Delhi, May 1 -- Digital assets infrastructure startup Fuze, oral wellness brand Salt Oral Care, and offline social network platform Jamm have raised funding in separate early-stage rounds, the com... Read More


Chimera-owned Lunate to invest in wealth management firm Azura

New Delhi, May 1 -- Lunate, an alternative investment manager owned by Chimera Investments, will acquire a strategic stake in global wealth manager Azura Partners. The investment will support Azura's ... Read More


Aikyam Capital marks first close of maiden special situation fund

New Delhi, May 1 -- Aikyam Capital Management, an alternative investment firm focused on stressed assets in India, has announced the first close of its inaugural Aikyam Capital Stressed Assets Fund I,... Read More


Kotak Alternate invests $142 mn in South India-based manufacturing firm

New Delhi, April 30 -- Kotak Alternate Asset Managers Ltd has announced a Rs 1,200-crore ($142-million) investment in Ace Designers Ltd, a manufacturing company based in southern India. Bengaluru-bas... Read More


Insurance broker Howden appoints new India MD, M&A head

New Delhi, April 30 -- The UK-headquartered insurance broking firm Howden has appointed former Marsh Asia executive Mandira Gupta its new managing director for India. Gupta, who will also be head of ... Read More


UK's BII appoints former Omidyar Network partner to helm India ops

New Delhi, April 30 -- British International Investment (BII), the UK government-backed development finance institution, has appointed a former partner at impact investment firm Omidyar Network as its... Read More