Page 9 - Jaden Mathew Paul

Peak XV Partners cuts $2.8 bn fund by 16% on mkt valuation concerns

The firm underlined its long-term commitment to India and Southeast Asia, citing strong portfolio performance and an optimistic outlook for the region

India M&As back in action, up 14% in the first nine months of 2024

Bharti Airtel's acquisition of stake in BT Group, a British telecom group, for $4.08 billion topped the table of M&A transactions this year so far

Pluckk buys 100% stake in wellness brand Upnourish to tap nutrition market

Pluckk's sales are divided across several channels, with 10-20 per cent coming from direct sales, 40-50 per cent from quick commerce, 20-30 per cent from e-commerce, and 10-15 per cent through retail

Private equity deals in India pick up after two years of decline

Up 9% at $24 bn in first nine months of 2024; financial services, consumer sectors lead

Thermax looks to double business in existing international markets

Thermax, Bhandari said, has a renewed focus on energy transition technologies, particularly hydrogen, carbon capture, and water management

India's private debt market to top $18 bn in 2024 as economy grows: Report

Country is leader in Asia Pacific for private debt, says investment data company

Reliance Power's subsidiary Rosa prepays Rs 850 cr debt to Varde Partners

The prepayment brings Rosa Power closer to achieving zero debt, following its parent company's debt-free status earlier this month

Nurix AI raises $27.5 mn in funding round led by Accel, General Catalyst

Startup founded this year will use the financing on technology and business expansion

Reliance Power to raise Rs 1,525 crore through preferential issue

Parent entity Reliance Infrastructure to increase equity in R-Power by Rs 600 crore

Oister Global, Tribe Capital partner to launch $500 million fund

With a pipeline of identified investments, the firms aim to leverage their complementary strengths: Oister's deep local market expertise and Tribe Capital India's quant-driven diligence

EQT to acquire 100% stake in Indostar Home Finance for Rs 1,750 crore

The fund will also invest an additional Rs 500 crore to fuel the company's geographic expansion and digital transformation

Capital A launches Rs 400 cr fund to target manufacturing, climate startups

Fund II will invest in 17-20 companies, offering initial investments between $750,000 and $1 million, with total commitments of $2-3 million per company over their growth cycles

PDG plans infusing $1 bn for expansion in India amid AI data center boom

The investment will bring PDG's capacity to 230 MW across two major hubs, Mumbai and Chennai

RPower secures 500 MW storage contract marking entry into renewable energy

Other bidders in the auction included Avaada Energy, ACME Cleantech, Gensol, and Indigrid, with the highest quoted tariff reaching Rs 4.9 lakh per MW per month

Indian cos raise $6 bn from private credit in first-half 2024: EY report

Real estate, healthcare firms push private credit deals to record high

EQT to buy GeBBS Healthcare Solutions to expand in healthcare tech

The acquisition from ChrysCapital is aimed at accelerating GeBBS' growth as demand for RCM services increases amid complex US healthcare operations

Suzlon secures India's largest wind energy order from NTPC Green

The 1,166 MW energy project will serve three million households upon completion

Whistleblower complaints at Indian companies up 8% to 1,074 in FY24

Of the BSE-50 companies, two-year data of whistle-blower complaints were available for 14 companies

Marudhar Rocks secures Rs 150 crore investment from Bharat Value Fund

Marudhar is engaged in the manufacturing of premium engineered quartz surfaces

RecommerceX raises $3.6 mn from Accel, Kae Capital, to scale recycling

RecommerceX focuses on recovering valuable materials such as metals, plastics, and e-waste