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How Peak XV's score from Mamaearth swings between an average harvest and 20x return

New Delhi, Sept. 13 -- Venture capital firm Peak XV Partners has cut its stake in direct-to-consumer beauty and personal care brand Mamaearth with two of its investment entities generating contrasting... Read More


SoftBank-backed Delhivery locks horns with Warburg-backed Ecom Express over IPO filing

New Delhi, Sept. 13 -- SoftBank-backed logistics company Delhivery on Friday accused Warburg Pincus-backed rival Ecom Express of providing misleading data in its draft initial public offering (IPO) pr... Read More


Newmi Care, Futwork raise early-stage funding, eye expansion

New Delhi, Sept. 13 -- Contact center solutions provider Futwork and women health-focussed platform Newmi raise early-stage funding for expansion, companies said on Friday. Newmi Newmi Care, a full-... Read More


Rural-focussed NBFC Moneyboxx Finance raises $21 mn

New Delhi, Sept. 13 -- Non-bank lender Moneyboxx Finance has raised Rs 176 crore ($21 million) of capital to support growth plans, the company said in a statement. The capital raise includes Rs 63 cr... Read More


MENA Digest: Fintechs lead fundraising this week; VC investment falls in August

New Delhi, Sept. 13 -- Venture capital funding activity in the Middle East and North Africa (MENA) region was led by fintech startups this week. These included Egyptian digital payments solutions prov... Read More


Sumitomo forms $710 mn India JV with AmpIn Energy, to develop green power platform

New Delhi, Sept. 13 -- Japanese conglomerate Sumitomo Corp said Friday it has created a joint venture with Indian renewable energy company AmpIn Energy Transition as part of its efforts to develop a g... Read More


Accion, Leapfrog minting money from India bet but IFC sitting on a loss

New Delhi, Sept. 12 -- Global impact investors Accion and Leapfrog Investments are making multi-bagger returns on their investment in an Indian non-bank lender but International Finance Corporation is... Read More


Ares Asia scripting over $250 mn India exit with bumper returns

New Delhi, Sept. 12 -- Private equity-style alternative investment firm Ares Asia, formerly known as Ares SSG, is on the way to scoring multi-bagger returns from a pandemic-period India bet when the s... Read More


PE-backed Vastu Housing Finance secures $50 mn from US development financier

New Delhi, Sept. 12 -- Vastu Housing Finance has received a loan of up to $50 million from United States International Development Finance Corporation (USDFC) in the form of external commercial borrow... Read More


Accel-backed Moneyview acquires Jify, enters unicorn club

New Delhi, Sept. 12 -- Bengaluru-based fintech company Moneyview, operated by WhizDM Innovations Pvt Ltd, said Wednesday it has acquired Jify.co, a fintech platform that enables employees to access th... Read More