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MENA Digest: Egypt's Tagaddod, Saudi's Nuxera, Qatar's EMMA Systems get funding

New Delhi, Oct. 10 -- Tagaddod, an Egyptian cleantech startup, led funding activity in the Middle East and North Africa (MENA) region, securing eight-figure growth-stage funding. Other key startups t... Read More


Authum Investment buys stake in Onida maker

New Delhi, Oct. 10 -- Mumbai-based Authum Investment & Infrastructure Ltd has raised its stake in the consumer durables company MIRC Electronics Ltd, the maker of Onida appliances, to 21.25% for about... Read More


Defence-focussed Jamwant Ventures partners with Aavishkaar Capital to float second fund

New Delhi, Oct. 9 -- Defence-focussed early-stage investor Jamwant Ventures has partnered with impact investment firm Aavishkaar Group to launch its second fund, targeting a corpus of Rs 500 crore, to... Read More


IvyCap Ventures leads Rusk Media's Series B round

New Delhi, Oct. 9 -- Entertainment firm Rusk Media, which counts Info Edge and Audacity Venture Capital among its investors, has raised Rs 103 crore ($11.6 million) in its Series B round led by homegr... Read More


Ekkaa Electronics, Pantherun Technologies, UGX.ai, others raise funding

New Delhi, Oct. 9 -- Electronics system design and manufacturing startup Ekkaa Electronics, data encryption company Pantherun Technologies, deep-tech startup UGX.ai, healthtech firm Fastest.Health, an... Read More


Macquarie-SBI Infrastructure Fund moves closer to completing exit from Ashoka Buildcon unit

New Delhi, Oct. 9 -- Highway developer Ashoka Buildcon Ltd has moved one step closer to providing a full exit to Macquarie-SBI Infrastructure Fund, a private equity vehicle jointly set up by Australia... Read More


ReNew Energy to sell Rajasthan solar project to Sembcorp for $191 mn

New Delhi, Oct. 8 -- Green energy company ReNew Energy Global Plc, which is being delisted from the Nasdaq stock exchange in the US and is looking to go public in India, has agreed to sell a 300-megaw... Read More


Blackstone hires former Deutsche Bank, Citi exec to head India credit vertical

New Delhi, Oct. 8 -- Blackstone has appointed Apurva Shah as managing director to head its credit business in India, as the firm looks to capitalize on the country's growing credit market. "Building ... Read More


Meolaa, AskMyGuru secure early-stage funding

New Delhi, Oct. 8 -- Sustainability-focused consumer brand Meolaa and astrology-based tech startup AskMyGuru (AMG) have raised early-stage funding, the companies said. Meolaa Meolaa, which offers su... Read More


Climate-focused Theia Ventures marks first close of maiden fund

New Delhi, Oct. 8 -- Theia Ventures, an early-stage venture capital firm focused on climate and sustainability, has marked the first close of its maiden fund that is eyeing a corpus of $30 million (Rs... Read More