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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


Apis Partners collects $1.23 bn for new private equity fund, exceeds target

New Delhi, May 7 -- Apis Partners, a London-headquartered private equity firm that counts edtech startup Leap, insure-tech company RenewBuy and non-bank lender Hero Fincorp in its India portfolio, has... Read More


IFC-backed Crystal Crop to acquire FMC's India unit ahead of IPO

New Delhi, May 7 -- International Finance Corporation-backed agrochemical firm Crystal Crop Protection Ltd has agreed to acquire the India commercial business of global crop protection company FMC Cor... Read More


Everstone Capital acquires industrial tech firm Qlar Group from Blackstone

New Delhi, May 7 -- Singapore-headquartered private equity firm Everstone Capital has acquired Qlar Group from Blackstone. The financial terms of the transaction were not disclosed. Formerly known a... Read More


Blunav, Antier, others raise funding; Chiratae Ventures backs deeptech startups

New Delhi, May 7 -- Airport operations technology company Blunav, blockchain infrastructure startup Antier, fintech startup MochaTrade, and toy brand Gubbachhi have secured funding in various early-st... 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