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EAAA India Alts targets $1.1 bn valuation in IPO

New Delhi, Oct. 21 -- EAAA India Alternatives Ltd, the alternative investment arm of the Edelweiss group, is targeting a valuation of as much as Rs 10,765 crore ($1.1 billion) in its initial public of... Read More


Vectorial, Onto, Raaho pocket early-stage funding

New Delhi, Oct. 21 -- Consumer behaviour-simulation startup Vectorial, travel-platform Onto and logistics platform for truckers Raaho have secured funding in various rounds from venture capital firms ... Read More


Premji Invest, Norwest back Vegafin's NBFC acquisition

New Delhi, Oct. 21 -- Vegafin Capital, an MSME lending platform founded by former ICICI Bank executive Bijith Bhaskar, has raised Rs 1,000 crore (about $106 million) from Premji Invest, Norwest Ventur... Read More


Ascertis Credit hits second close of new private credit fund

New Delhi, Oct. 21 -- Ascertis Credit, the private credit firm formerly known as BPEA Credit, said Monday it has marked the second close of its fourth fund after raising $700 million. The fund, with ... Read More


Decoding the 'myth' and the 'math' behind supply of available NPAs to ARCs

New Delhi, Oct. 19 -- India's banking sector has made significant progress in improving asset quality, with gross non-performing assets (NPAs) at a decadal low. However, the stressed-asset market (whi... Read More


Zen Technologies to acquire majority stake in Cogknit Semantics

New Delhi, Oct. 19 -- Defence technology company Zen Technologies Ltd has approved the acquisition of a 51.98% stake in Cogknit Semantics Pvt. Ltd for up to Rs 135.15 crore ($14.2 million) in cash, ex... Read More


Sorin Investments-backed The Pant Project raises Series B round

New Delhi, Oct. 19 -- The Pant Project, a direct-to-consumer fashion brand that sells custom-made pants, has raised Rs 109 crore (around $11.5 million) in a Series B funding round led by Mirae Asset V... Read More


AI startup Hunar, lab-grown diamond jeweller So/Facet bag early-stage cheques

New Delhi, Oct. 19 -- Conversational AI startup Hunar and jewellery startup So/Facet secured funding in separate early-stage rounds, the companies said on Monday. Hunar.AI Hunar.AI, a conversational... Read More


Khosla Ventures doubles down on healthcare company Even

New Delhi, Oct. 19 -- American venture capital firm Khosla Ventures, set up by entrepreneur Vinod Khosla, has doubled down on Bengaluru-based managed healthcare platform Even Healthcare as a part of i... Read More


OrbiMed hits $1-bn mark for sixth Asia-focussed PE fund, exceeds target

New Delhi, Oct. 16 -- Healthcare-focussed private equity firm OrbiMed has exceeded the amount targeted for its sixth Asia-centred vehicle after rolling out the vehicle last year. OrbiMed, which has b... Read More