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MENA Digest: Saudi's Gathern, UAE's Professional.me, Morocco's Hypeo AI get funding

New Delhi, Aug. 22 -- Gathern, a Saudi Arabian vacation rental marketplace platform, led startup funding activity in the Middle East and North Africa (MENA) region this week, raising an eight-digit pr... Read More


WestBridge picks up minority stake in mutual fund arm of Edelweiss

New Delhi, Aug. 22 -- Homegrown private equity fund WestBridge Capital has picked up 15% stake in the mutual fund arm of Edelweiss Financial Services in a recent transaction, adding another firm to it... Read More


Macquarie raises capital for India EV platform Vertelo

New Delhi, Aug. 22 -- Macquarie Asset Management has raised $405 million (Rs 3,542 crore) for its fleet electrification platform Vertelo, which aims to invest in India's fast-growing electric vehicle ... Read More


Motilal Oswal Alternates tops fifth PE fund's target at first close, eyes hard cap

New Delhi, Aug. 21 -- Motilal Oswal Alternates (MO Alts), the alternative investment arm of Motilal Oswal Group, said Thursday it has marked the first close of its fifth private equity fund at $800 mi... Read More


Mitra, Hexafun, Edgehax gather early-stage funding

New Delhi, Aug. 21 -- Health-focused food brand Mitra, lifestyle brand Hexafun, and edge computing platform for AI Edgehax have secured funding in separate rounds from venture capital firms, family of... Read More


PeelON, Aether MindTech, Ace Blend bag early-stage funding

New Delhi, Aug. 20 -- Biotech startup PeelON, wearable device maker Aether MindTech, and nutrition brand Ace Blend have secured funding in separate early-stage rounds, the companies said on Wednesday.... Read More


IAN Group ropes in ex-Info Edge CFO as chief exec

New Delhi, Aug. 20 -- IAN Group said on Wednesday it has appointed former Info Edge (India) finance chief Chintan Thakkar as a senior managing partner of the company's venture capital fund, while nami... Read More


PixelSky Capital marks first close of maiden secondaries fund

New Delhi, Aug. 19 -- PixelSky Capital, a secondaries-focused investment firm set up by Yumlane founder Hitesh Ahuja, has marked the first close of its maiden investment fund at Rs 150 crore ($17.2 mi... Read More


Lightrock strengthens its India team, adds four execs

New Delhi, Aug. 19 -- Lightrock, a London-headquartered private equity player and impact investor that counts WayCool, DeHaat, Shiprocket and MediBuddy amongst its portfolio companies in India, has ad... Read More


Beyond Appliances, House of Biryan, Famyo snag funding; Credgenics buys Arrise

New Delhi, Aug. 19 -- Kitchen brand Beyond Appliances, food platform House of Biryan, and kid's lifestyle firm Famyo have secured funding in early-stage rounds, the companies said on Tuesday. Meanwhi... Read More