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Brookfield-backed Avaada group's solar PV arm files for $798-mn IPO

New Delhi, Aug. 26 -- Avaada Electro Ltd, the solar photovoltaic manufacturing arm of the Avaada group, has filed its updated draft documents for an initial public offering to raise as much as Rs 7,60... Read More


August Energy, Energeia float $100-mn energy-efficiency infra fund for India

New Delhi, Aug. 26 -- Singapore-headquartered energy-as-a-service (EaaS) platform August Energy and Indian energy-efficiency firm Energeia have partnered to launch an infrastructure investment platfor... Read More


Warburg Pincus-backed boAt's net profit jumps 38%, even as revenue slides

New Delhi, Aug. 26 -- Warburg Pincus-backed boAt, the consumer technology brand owned by Imagine Marketing, reported a 38% increase in profit after tax to Rs 84.5 crore (nearly $9 million) in the fina... Read More


Y Combinator hitting a jackpot from decade-old India bet

New Delhi, Aug. 26 -- US-based startup accelerator Y Combinator (YC) has hit a jackpot from another one of its bets in India, less than ten days after it monetized its holding in discount broker Groww... Read More


Ringg AI, Runable, Scooby's Club pocket early-stage cheques

New Delhi, Aug. 26 -- Enterprise AI company Ringg AI, AI agent platform Runable, and dog care platform Scooby's Club have raised fresh funding to expand their AI capabilities, operations, and market p... Read More


The/Nudge executives team up to launch impact VC fund

New Delhi, Aug. 26 -- Two senior executives of Bengaluru-headquartered non-profit enterprise The/Nudge Institute have teamed up to launch a new early-stage impact equity fund, VCCircle has learned. A... Read More


Mamaearth parent Honasa nixes Fluence Pharma acquisition

New Delhi, Aug. 26 -- Honasa Consumer Ltd, the parent of Mamaearth and The Derma Co, has called off the proposed acquisition of a majority stake in Fluence Pharma Pvt Ltd, but asserted that it will co... Read More


Why Accel, Avataar's exit moves from SaaS firm are sweet and sour at the same time

New Delhi, Aug. 26 -- Venture capital firms Accel and Avataar Venture Partners have partially exited an Indian software-as-a-service company with a mixed outcome, as the initial investments they made ... Read More


Grapevine: Welspun, Macquarie, Ultraviolette, Speciale Invest, others in news

New Delhi, Aug. 26 -- Welspun Group's renewable energy arm now has two final contenders for a majority stake sale; electric motorcyle maker Ultraviolette is in talks with Speciale Invest and TDK Ventu... Read More


Piramal Alts' private credit fund bets on Kolors Healthcare

New Delhi, Aug. 26 -- Piramal Alternatives, the fund management division of the Piramal Group, said Wednesday it has invested Rs 215 crore ($22.5 million) in Kolors Healthcare India Pvt Ltd , a health... Read More