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IPO-bound NBFC Northern Arc raises $80 mn from IFC

New Delhi, April 24 -- Non-banking lender Northern Arc, which recently refiled its preliminary papers for a public listing, has raised $40 million (Rs 333 crore) in equity and another $40 million in d... Read More


Plane, three others secure early-stage funding

New Delhi, April 24 -- Project management platform Plane, quick service restaurant Boba Bhai, FMCG brand Adukale and electronics manufacturer Karban Envirotech secured early-stage funding, the compani... Read More


LetsTransport raises $22 mn in Series E from Bertelsmann, others

New Delhi, April 24 -- Trucking aggregator LetsTransport has raised $22 million in its Series E funding round, led by existing investors Bertelsmann India Investments. Rebright Partners, NB Ventures,... Read More


Lendingkart ropes in former Paytm Payments Bank exec as Group CFO

New Delhi, April 24 -- India Quotient-backed lendingtech company Lendingkart, which primarily provides loans to micro, small and medium enterprises (MSMEs), has appointed Mukund Barsagade as its group... Read More


Saudi multi-asset investor Artal Capital hits first close of PE fund

New Delhi, April 23 -- Artal Capital, a Riyadh-based multi-asset investment firm, has marked the first close of its mid-market-focused private equity fund to back high-growth, technology-enabled start... Read More


Creador makes poor returns from India portfolio firm

New Delhi, April 23 -- Creador, the South and Southeast Asia-focussed private equity firm founded by former ChrysCapital partner Brahmal Vasudevan, has hit the sell button on an Indian portfolio compa... Read More


Creador makes poor returns from India portfolio

New Delhi, April 23 -- Creador, the South and Southeast Asia-focussed private equity firm founded by former ChrysCapital partner Brahmal Vasudevan, has hit the sell button on an Indian portfolio compa... Read More


Dhruva Space, Nabhdrishti Aerospace grab early-stage cheques

New Delhi, April 23 -- Spacetech startup Dhruva Space and deeptech startup Nabhdrishti Aerospace secured early-stage funding, the companies said on Tuesday. Dhruva Space Hyderabad-based Dhruva Space... Read More


Startup accelerator 9Unicorns hires former Mckinsey exec to beef up team

New Delhi, April 23 -- Early-stage investment platform Venture Catalysts' accelerator and incubator 9Unicorns has reinforced its team with the appointment of former Mckinsey & Company senior associate... Read More


India Quotient's offshore LP under scanner over reputational risk, weak ESG link

New Delhi, April 22 -- An offshore limited partner's exposure to Bengaluru-based venture capital firm India Quotient is under the scanner after an independent watchdog raised concerns about reputation... Read More