Exclusive

Publication

Byline

Shriram Pistons to acquire Spanish firm Grupo Antolin's India arms

New Delhi, Dec. 5 -- Shriram Pistons & Rings Ltd (SPRL) has agreed to acquire the Indian arms of Spanish firm Grupo Antolin at a total enterprise value of €159 million (Rs 1,670 crore or around ... Read More


Chennai developer acquires land parcel from Standard Chartered unit for $134 mn

New Delhi, Dec. 5 -- Chennai-based developer Baashyaam Group has acquired a land parcel in its home city from British lender Standard Chartered's subsidiary Standard Chartered Global Business Services... Read More


Haptik co-founder, former Together Fund exec float AI-focused VC fund

New Delhi, Dec. 5 -- Aakrit Vaish, a co-founder of artificial intelligence startup Haptik that was acquired by Reliance Industries Ltd in 2019, and a former executive at early-stage venture capital fi... Read More


MENA Digest: Saudi firms Nabt and COGNNA, UAE's Reno, Egypt's Rology get funding

New Delhi, Dec. 5 -- Saudi Arabian cybersecurity startup COGNNA led funding activity in the Middle East and North Africa (MENA) region this week, securing growth capital to scale its business. Other ... Read More


Nexus Venture Partners closes eighth fund at $700 mn

New Delhi, Dec. 4 -- Nexus Venture Partners, a venture capital firm that invests in early- and growth-stage startups in India and the US, has closed its eight fund at $700 million (Rs 6,290 crore), ke... Read More


Moglix arm Credlix acquires majority stake in Vanik Finance

New Delhi, Dec. 4 -- Credlix, the supply chain financing platform of business-to-business e-commerce unicorn Moglix, said Thursday it has bought a majority stake in non-bank lender Vanik Finance. The... Read More


Ultraviolette raises $45 mn in latest round from Zoho and Lingotto

New Delhi, Dec. 4 -- Electric vehicle maker Ultraviolette has raised $45 million (Rs 404 crore) as part of its ongoing Series E round from domestic software company Zoho Corporation and European inves... Read More


DMI Alternatives adds private credit strategy with $120 mn fund

New Delhi, Dec. 4 -- Delhi-based DMI Alternatives, the alternative investment arm of non-bank lender DMI Finance Pvt Ltd, has raised $120 million (around Rs 1,079.7 crore) for its maiden corporate pri... Read More


Japan's Daiwa expands India footprint with second investment in Ambit Group

New Delhi, Dec. 4 -- Japanese investment banking firm Daiwa Securities Group Inc. has invested Rs 286 crore (around $31.8 million) in Ambit Wealth Pvt. Ltd, marking its second bet on a company that's ... Read More


Japan's Daiwa expands India footprint with third investment in Ambit Group

New Delhi, Dec. 4 -- Japanese investment banking firm Daiwa Securities Group Inc. has invested Rs 286 crore (around $31.8 million) in Ambit Wealth Pvt. Ltd, marking its third bet on a company that's p... Read More