Articles by Suhas Bhat
Paragon leads $30m Series B for Indian fintech player
SMEcorner, an Indian online lender to small businesses, has closed a $30 million round comprising equity and debt led by Paragon Partners.
India used car dealership raises $43m Series B
Spinny, an online platform for selling used cars, raised $43.7 million in a funding round led by The Fundamentum Partnership, an Indian growth capital VC firm.
Vertex leads $10m round for Indian data services firm
Hasura, a software-as-a-service firm that helps companies improve the data delivery process, has raised $9.9 million in a Series A round led by Vertex Ventures.
Sequoia, MassMutual back Indian medical imaging player
Qure, an India-based artificial intelligence-enabled medical imaging start-up, has raised $16 million in a Series A round led by Sequoia Capital India and MassMutual Ventures Southeast Asia.
Deal focus: WayCool Foods pursues scale
WayCool Foods receives $32 million in funding to support an expansion of its agricultural technology proposition that removes middlemen - and boosts efficiency - in food supply chains
Warburg Pincus invests in India's Apollo Tyres
Warburg Pincus will invest INR10.8 billion ($150.7 million) in Apollo Tyres, a multinational tire manufacturer headquartered in India.
Lightstone leads $19m Series C for India's Vogo
Indian scooter rental start-up Vogo has raised $19 million for fleet expansion in a Series C round led by LGT Lightstone Aspada.
CDC leads $20m round for Indian data annotation firm
UK-based development finance institution CDC Group led a $20 million funding round for iMerit, a firm that helps train artificial intelligence (AI) processes.
GGV, BII lead $60m round for Indian gold loan start-up
Rupeek, an India-based online gold loan marketplace, has received $60 million in a funding round led by GGV Capital and Bertelsmann India Investments.
India’s BharatPe raises $75m Series C
BharatPe, a digital payment services provider for offline businesses, has raised $75 million to help fund a non-banking financial company (NBFC) that will issue loans to small businesses.
ADP sweeps in to claim GMR Airports
Groupe Aéroports de Paris (ADP), a French airport operator, will acquire a 49% stake in India’s GMR Airports (GAL) for INR107.8 billion ($1.49 billion), outbidding a PE-backed consortium.
IFC to invest $29m in India’s Future Lifestyle Fashions
The International Finance Corporation (IFC) has agreed to invest INR2.1 billion ($29.6 million) in India-listed fashion retailer Future Lifestyle Fashions (FLF).
Prosus leads $113m Series I for Swiggy
Swiggy, an Indian food and grocery delivery platform, has received $113 million in a Series I round led by Prosus Ventures, formerly known as Naspers Ventures and Food.
Sequoia leads Series C for Indian onboarding SaaS
Sequoia Capital India has led a $32 million Series C round for Whatfix, an Indian software-as-a-service (SaaS) firm that helps enterprises increase digital adoption rates.
GP profile: DSG Consumer Partners
A relentless curiosity about the Indian consumer’s journey has helped DSG Consumer Partners carve out a niche in the early stage investment space for companies with emerging local brands
Deal focus: India's WayCool in fresh approach
A $32.9 million equity and debt investment is unusually large for an Indian agricultural technology start-up.
India’s Unacademy secures $110m round
Indian educational learning platform Unacademy has closed a $110 million funding round, bringing Facebook and General Atlantic on to its investor roster.
India’s Blume closes Fund III at $102m
Indian venture capital investor Blume ventures achieved a final close of $102m on Blume Ventures Fund III, its third early-stage fund.
Kinnevik cuts valuation for India's Quikr
Swedish investment firm Kinnevik has revised downward its valuation of Indian online classifieds platform Quikr, citing fraud-related concerns and a changed measurement metric.
India’s Barbeque Nation re-files for IPO
Indian restaurant chain Barbeque Nation has re-filed for an initial public offering that will provide an exit opportunity for its private equity investors.
PE-backed SBI Cards wins approval for India IPO
SBI Cards and Payments, the State Bank of India's (SBI) credit card arm and a Carlyle Group portfolio company, is looking to raise INR60 billion ($840 million) through a domestic IPO.
Hong Kong crypto finance start-up raises $28m
Amber Group, a Hong Kong-based start-up offering crypto-based financial services, has raised $28 million in a Series A round led by Paradigm and Pantera Capital.
India’s Z3 Partners invests in cybersecurity firm
Indian technology-focused private equity firm Z3 Partners has invested in Cyfirma, an analytics platform that helps enterprise clients identify potential cyber threats.
Singapore solar energy firm raises $71m
Sunseap, a Singaporean renewable energy provider, has raised S$100 million ($71.9 million) in Series D funding from a coal producer in Thailand.