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Somerset Indus Capital names new partner to beef up top deck

New Delhi, June 10 -- Healthcare-focused private equity firm Somerset Indus Capital Partners has elevated a senior executive to partner after recruiting him from a mid-market private equity firm. Vai... Read More


Hypernorm AI, Hoola Health raise early-stage funding

New Delhi, June 10 -- Hypernorm AI, a platform to help wealth advisors in their decision making, has secured a $2.2 million (around Rs 21 crore) in a seed funding round co-led by venture capital fund ... Read More


ASK Property Fund launches fourth debt fund with $368 mn target

New Delhi, June 10 -- ASK Property Fund, part of the Blackstone-backed ASK Asset & Wealth Management group, has launched its fourth debt fund named the ASK Real Estate Special Situations Fund IV (ASK ... Read More


First Bridge-backed drone maker Zuppa looks for fresh capital

New Delhi, June 10 -- Indigenous drone maker Zuppa is in talks with several investors to raise a fresh round as it looks to broaden its interceptor drone segment, a top official said. The Chennai-bas... Read More


Electrical equipment maker Quality Power to acquire insulator manufacturer

New Delhi, June 10 -- Sangli-based high-voltage equipment maker Quality Power Electrical Equipments Ltd has agreed to acquire Winwin Speciality Insulators Ltd (WSIL) at an enterprise value of about Rs... Read More


IvyCap's first fund logs out of decade-old bet with multibagger returns

New Delhi, June 10 -- Homegrown venture capital firm IvyCap Ventures has logged out of a portfolio company that it first backed almost 11 years ago from its first fund before reinvesting through its s... Read More


Nisus Finance floats $262 mn realty fund; first close soon

New Delhi, June 9 -- Nisus Finance Services, which operates alternative investment funds backing real-estate credit and special situations opportunities, has launched its fourth India-focussed fund to... Read More


Spotlight: Can Alpha Alts-backed Anantam Highways meet its ambitious growth targets?

New Delhi, June 9 -- When Alpha Alternatives-backed Anantam Highways Trust completed a modest Rs 400-crore initial public offering in October last year, it barely registered as a footnote in India''s ... Read More


Grapevine: Navi, India Quotient, Sanskrit Capital, Turtlemint, Nexedge in news

New Delhi, June 9 -- Flipkart co-founder Sachin Bansal's Navi Technologies is looking to raise fresh funding while a senior executive is leaving venture capital firm India Quotient and a former Mirae ... Read More


Chhattisgarh High Court Issues Landmark Ruling in Hari Shankar Tibrewal Case; Opens Path for Protecting a,1423-Crore Frozen Assets

New Delhi, June 9 -- RAIPUR: In a significant and forward-looking judgment concerning the preservation of market-dependent assets, the Chhattisgarh High Court has ruled that merely keeping a frozen in... Read More