Fairfax to gain majority stake in IIFL Capital with $211 mn investment

New Delhi, May 7 -- Canadian investment firm Fairfax India Holdings Corp will infuse Rs 2,000 crore (around $211 million) into IIFL Capital Services Ltd to increase its stake in the Indian broking fir... Read More

US-based Cerberus elevates insider to head India ops

New Delhi, May 7 -- New York-headquartered alternative investment firm Cerberus Capital Management has appointed longtime executive Rahul Sangwan as head of its India business, VCCircle has learnt. S... Read More

Pronto snags $20 mn in extended Series B round as valuation doubles

New Delhi, May 7 -- Home-services platform Pronto has raised $20 million (about Rs 190 crore) in an extended Series B round from Lachy Groom, an angel investor and co-founder of AI robotics company Ph... Read More

Skyroot Aerospace turns unicorn with $60 mn round led by Sherpalo Ventures, GIC

New Delhi, May 7 -- Hyderabad-based spacetech startup Skyroot Aerospace has raised about $60 million (around Rs 570 crore) in a fresh funding round, pushing its valuation to $1.1 billion and making it... Read More

InMobi snaps up MobileAction to strengthen iOS growth, AI-led advertising

New Delhi, May 7 -- Advertising-technology unicorn InMobi has acquired California-headquartered MobileAction, an AI-powered platform focused on iOS app growth, as the company looks to deepen its adver... Read More

Freo to acquire IndiaLends, plans capital raise to fuel expansion

New Delhi, May 6 -- Digital banking platform Freo, operated by MWYN Tech Pvt. Ltd, has agreed to acquire a 100% stake in credit marketplace IndiaLends, whose backers include DSG Consumer Partners, Lon... Read More

Eversource-backed Ecofy gets $15 mn from Natixis affiliate

New Delhi, May 6 -- Ecofy Finance, a non-bank lender backed by private equity firm Eversource Capital, has secured $15 million (nearly Rs 142 crore) in debt funding from Mirova, an affiliate of Natixi... Read More

MedVital, BigEndian, Vobiz.ai, JobsUPI, PinSec bag early-stage funding

New Delhi, May 6 -- Medtech company MedVital, fabless semiconductor startup BigEndian, AI infrastructure startup Vobiz.ai, job-search platform JobsUPI, and financial services startup PinSec.AI have se... Read More

SEBI moots axing concentration-risk norms in securitised assets for RBI-regulated entities

New Delhi, May 5 -- The Securities and Exchange Board of India (SEBI) has proposed doing away with concentration-risk norms for securitised assets where the originator of the securitised pool is an RB... Read More

Blackstone-backed Bagmane REIT raises $121 mn from anchor investors as IPO opens

New Delhi, May 5 -- Bagmane Prime Offices REIT, a real estate investment trust backed by private equity firm Blackstone, has raised Rs 1,149 crore ($120.5 million) from anchor investors ahead of its i... Read More

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