Private equity / VC
Private equity / VC
“SME Lender Five Star Business Finance Raises $100M Led by TPG: Five Star Business Finance Limited, a Chennai-based registered non-banking finance company, has raised $100 million led by private equity firm TPG,” reported Inventiva.
Private equity / VC
“Hindustan Infralog Pvt. Ltd, a joint venture between Dubai-based DP World and the National Infrastructure Investment Fund (NIIF), has agreed to acquire a 90% stake in Warburg Pincus-backed Continental Warehousing Corporation (Nhava Seva) Ltd,” according to VCCircle.
Private equity / VC
“Pipa + Bella, a private label non-precious jewellery e-tailer, has raised $1 million (Rs 6.4 crore) led by Fireside Ventures, early-stage consumer-focussed venture fund, a company statement said,” reported VCCircle.
Private equity / VC
“Mumbai-based enterprise technology firm Seclore Technology Pvt. Ltd has raised $12 million (around Rs 80 crore) in Series B funding from Sistema Asia Fund, Helion Venture, VentureEast and India Alternatives,” VCCircle.
Private equity / VC
“The Federal Bank board has approved 26% strategic investment by private equity player True North in its wholly owned subsidiary - FedBank Financial Services (FedFina), a move that will help the company to grow its loans,” according to reports.
Private equity / VC
“Education services provider Nspira Management Services Pvt. Ltd has raised $75 million in a round led by Morgan Stanley Private Equity Asia and Banyan Tree Growth Capital II, the company said,” reported Mint.
Private equity / VC
UK insurance company Legal & General Group Plc sold its 26% stake in IndiaFirst Life Insurance to private equity giant Warburg Pincus for Rs 710.54 crore, reported moneycontrol.
Private equity / VC
“GIC is ramping up its exposure to Indian real estate, with an investment firm managed by the Singaporean sovereign wealth fund buying a stake in Mumbai-based developer Godrej Properties Ltd for about Rs 1,000 crore ($150 million),” according to Mingtiandi, giving it a 5% stake in the company, which issued fresh shares for the acquisition.