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Veefin to acquire controlling stake in digital marketing firm White Rivers

New Delhi, Feb. 10 -- Veefin Solutions Ltd, a Mumbai-listed supply chain fintech platform, said Monday it has agreed to acquire a stake of up to 49% in digital marketing agency White Rivers Media Solu... Read More


Peak XV-backed Eduvanz raises bridge funding round

New Delhi, Feb. 10 -- Education-focused non-banking finance company Eduvanz Financing has raised around Rs 26 crore (about $3 million) in a bridge funding round from its existing venture capital inves... 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


Triton rolls out second VC fund, hits halfway mark at first close

New Delhi, Feb. 10 -- Mumbai-based early-stage venture capital firm Triton Investment Advisors said Monday it has marked the first close of its second fund after raising half the targeted corpus. The... Read More


MENA Digest: UAE's Qeen AI, Egyptian firms Khazna and Simplex net big cheques

New Delhi, Feb. 7 -- The UAE-based AI startup Qeen AI led funding activity in the Middle East and North Africa (MENA) region this week, securing one of the largest seed investments in the region so fa... Read More


ITC to buy firms behind frozen food brands Prasuma, Meatigo to beef up portfolio

New Delhi, Feb. 7 -- FMCG giant ITC Ltd will acquire frozen food producers Ample Foods Pvt. Ltd and Meat and Spice Pvt. Ltd to augment its diversified product portfolio and meet demand in the high-gro... Read More


Alkem Labs buying two firms to foray into medical devices, grow dermatology biz

New Delhi, Feb. 7 -- Homegrown drugmaker Alkem Laboratories Ltd has struck separate deals to acquire two smaller peers for a cumulative Rs 287 crore ($32.8 million) in cash, as it looks to expand its ... Read More


Singhi Advisors hires former Barclays, Citi exec to strengthen M&A practice

New Delhi, Feb. 7 -- Investment banking firm Singhi Advisors has appointed former Barclays and Citi executive Atal Agarwal as a partner to oversee mergers and acquisitions (M&As). Agarwal's career sp... Read More


AI startups Truefoundry, Cognida collect Series A cheques

New Delhi, Feb. 7 -- Artificial intelligence startups Truefoundry and Cognida.ai have bagged investments in separate Series A funding rounds as investors bet on growing demand for AI adoption in enter... 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