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FirstClub nets Series B funding as valuation doubles to $255 mn

New Delhi, June 4 -- FirstClub, a quick-commerce startup set up by former Flipkart executive Ayyappan R, has pocketed $55 million (Rs 512 Crore) in a Series B funding round led by domestic venture cap... Read More


Sleepy Owl, Burger Singh backer Rukam Capital's second fund exceeds target

New Delhi, June 4 -- Venture capital firm Rukam Capital, which makes bets in early-stage consumer products and services companies in the country, has crossed the initial target for its second flagship... Read More


Grapevine: Warburg Pincus, KKR, Carlsberg, Kuku FM, Peak XV in news

New Delhi, June 4 -- Several private equity firms are in race to buy a stake in hospital chain Cloudnine while content platform Kuku FM has confidentially filed for an initial public offering and vent... Read More


Bottomline: PE-backed Sahyadri Farms lifts revenue growth, faces margin pressure

New Delhi, June 3 -- Sahyadri Farms Post Harvest Care Ltd, a horticulture company backed by private equity firm GEF Capital Partners and several development finance institutions, accelerated its reven... Read More


Convergent-backed Agilitas Sports bags fresh funding from Nexus, Rainmatter

New Delhi, June 3 -- Agilitas Sports, a sportswear and athleisure solutions platform that was co-founded by Puma India and South-East Asia's former managing director Abhishek Ganguly, has raised Rs 22... Read More


Grapevine: Accel, Crane Venture Partners, Oyo, Urban Company in news

New Delhi, June 3 -- US-headquartered venture capital firm Accel has started the process of raising its ninth India-focused fund while the UK-based Crane Venture Partners is looking to invest in an In... Read More


Kedaara's public markets fund adds Jhunjhunwala family-backed firm to portfolio

New Delhi, June 3 -- Homegrown private equity firm Kedaara Capital has invested in a healthcare-technology company, which is backed by the Jhunjhunwala family, via its public markets strategy that it ... Read More


PE-backed drugmaker Brinton eyes fresh fundraise, hires banker

New Delhi, June 3 -- Pune-based drugmaker Brinton Pharmaceuticals Ltd is planning a fresh equity round of funding after a hiatus of nearly seven years and has hired an investment banker to formalise t... Read More


Nabventures-backed Avis Hospitals in talks to snag PE funding

New Delhi, June 3 -- Avis Hospitals India Ltd, which operates single-specialty facilities for varicose vein treatment, is in an advanced stage of talks to close a private equity funding round as it lo... Read More


Waaree Group-backed Solfin eyes loan book expansion, may raise fresh capital

New Delhi, June 3 -- Solfin Sustainable Finance, which counts solar module manufacturer Waaree Group among its backers, is focussing on expanding its loan book and may raise fresh capital to support g... Read More