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MENA Digest: Saudi firms Nabt and COGNNA, UAE's Reno, Egypt's Rology get funding

New Delhi, Dec. 5 -- Saudi Arabian cybersecurity startup COGNNA led funding activity in the Middle East and North Africa (MENA) region this week, securing growth capital to scale its business. Other ... Read More


Nexus Venture Partners closes eighth fund at $700 mn

New Delhi, Dec. 4 -- Nexus Venture Partners, a venture capital firm that invests in early- and growth-stage startups in India and the US, has closed its eight fund at $700 million (Rs 6,290 crore), ke... Read More


Moglix arm Credlix acquires majority stake in Vanik Finance

New Delhi, Dec. 4 -- Credlix, the supply chain financing platform of business-to-business e-commerce unicorn Moglix, said Thursday it has bought a majority stake in non-bank lender Vanik Finance. The... Read More


Ultraviolette raises $45 mn in latest round from Zoho and Lingotto

New Delhi, Dec. 4 -- Electric vehicle maker Ultraviolette has raised $45 million (Rs 404 crore) as part of its ongoing Series E round from domestic software company Zoho Corporation and European inves... Read More


DMI Alternatives adds private credit strategy with $120 mn fund

New Delhi, Dec. 4 -- Delhi-based DMI Alternatives, the alternative investment arm of non-bank lender DMI Finance Pvt Ltd, has raised $120 million (around Rs 1,079.7 crore) for its maiden corporate pri... Read More


Japan's Daiwa expands India footprint with second investment in Ambit Group

New Delhi, Dec. 4 -- Japanese investment banking firm Daiwa Securities Group Inc. has invested Rs 286 crore (around $31.8 million) in Ambit Wealth Pvt. Ltd, marking its second bet on a company that's ... Read More


Japan's Daiwa expands India footprint with third investment in Ambit Group

New Delhi, Dec. 4 -- Japanese investment banking firm Daiwa Securities Group Inc. has invested Rs 286 crore (around $31.8 million) in Ambit Wealth Pvt. Ltd, marking its third bet on a company that's p... Read More


VC-backed Furlenco gets fresh capital from Sheela Foam, others

New Delhi, Dec. 3 -- Furlenco, a homegrown furniture rental brand, has secured Rs 125 crore (around $13.9 million) in a new funding round led by existing shareholder Sheela Foam Ltd, with participatio... Read More


CDPQ-backed Apraava Energy snags $92 mn for smart meter expansion

New Delhi, Dec. 3 -- Apraava Energy, the Indian joint venture of Hong Kong-based CLP Group and Canadian pension fund CDPQ, said Wednesday it has raised Rs 800.9 crore ($92 million) from the UK governm... Read More


WestBridge Capital leads $40 mn bet on AI communication platform Yoodli

New Delhi, Dec. 3 -- Homegrown private equity firm WestBridge Capital has led a $40 million (Rs 360 crore) Series B funding round in AI-powered communication platform Yoodli. Menlo Park-based early-s... Read More