IIFL Wealth Managment
India skills training player Disprz raises $30m Series C
Indian enterprise learning and upskilling start-up Disprz has raised a USD 30m Series C round featuring US-based Lumos Capital, a specialist in the education and workforce segments.
India's 360 One invests $28m in data analytics provider
India’s 360 One Asset Management, formerly IIFL Wealth & Asset Management, has invested USD 28m in local data analytics start-up Course5 Intelligence.
Chiratae closes debut growth fund on $122m
India’s Chiratae Ventures has closed its debut late-stage VC fund with about INR 10bn (USD 122.3m) in commitments, beating a target of INR 7.5bn.
India's 360 One buys Mumbai Angels, launches two funds
Bain Capital-backed 360 One, which rebranded from IIFL Wealth & Asset Management last November, has acquired a 91% stake in Mumbai Angels as the seed investor launches two new funds.
India's IIFL Asset Management merges with Truscale
India-based alternative investment manager IIFL Asset Management (IIFL AM) has agreed to take ownership of TrueScale Capital, a venture growth firm established by Sameer Nath, formerly of Iron Pillar.
India's Blume closes fourth India VC fund on $250m
India’s Blume Ventures has closed its fourth fund targeting seed-stage tech start-ups on USD 250m, beating a target of USD 200m. Fund III raised USD 105m in 2020.
India D2C food brand Country Delight gets $108m Series D
India’s Country Delight, a direct-to-consumer (D2C) food brand best known for farm-fresh milk, has raised USD 108m in Series D funding led by Singapore’s Venturi Partners and Temasek Holdings.
Multiples leads $111m Series D for India NBFC
Multiples Private Equity has agreed to lead a INR 8.7bn (USD 111m) Series D round for India’s Kogta Financial, a non-bank financing company (NBFC) specialising in used vehicles and micro businesses.
India’s Licious raises $150m at $1.6bn valuation
India’s Licious, a direct-to-consumer fresh meat and seafood delivery company, has raised a USD 150m round led by Amansa Capital at a valuation of USD 1.6bn.
Invesco leads $700m round for India’s Swiggy
Invesco has led a USD 700m round for India-based on-demand delivery platform Swiggy at a reported valuation of USD 10.5bn.
India's Licious secures $52m Series G
Licious, an India-based online retailer specializing in fresh meat and seafood, claims to have become the country’s first direct-to-consumer (D2C) unicorn following a $52 million Series G round.
Deal focus: Targeting an insurance pain point
India’s Digit Insurance has achieved a valuation of $3.5 billion in four years with a thesis that simple is better – and more trustworthy. COVID-19 added more rocket fuel
India's Pine Labs raises $315m at $3.5b valuation
Indian financial technology provider Pine Labs has raised a $315 million round featuring BlackRock at a post-money valuation of about $3.5 billion.
Faering leads $200m round for India's Digit Insurance
Indian private equity firm Faering Capital has led a $200 million round for local insurance company Digit Insurance at a valuation of $3.5 billion.
Apis leads $45m Series C for India's RenewBuy
Apis Partners has led a $45 million Series C round for RenewBuy, an India insurance comparison platform specializing in motor insurance.
True North makes partial exit from India's PolicyBazaar
Indian private equity firm True North has confirmed a partial exit from local insurance portal PolicyBazaar.
IIFL acquires Indian eyecare chain
IIFL Asset Management (IIFL AMC) has acquired a majority stake in Infigo Life Sciences, operator of a chain of eyecare centers in India.
Affirma, IIFL invest $132m in India's Northern Arc
IIFL Asset Management (IIFL AMC) and Affirma Capital, a spin-out of Standard Chartered Private Equity (SCPE), have invested INR9.1 billion ($131.9 million) in Indian non-banking finance company (NBFC) Northern Arc Capital.
MSPEA backs Indian NBFC Kogta Financial
Morgan Stanley Private Equity Asia (MSPEA) has led a INR1.54 billion ($22.1 million) investment in Indian non-banking finance company (NBFC) Kogta Financial.
Ward Ferry, General Atlantic to join $109m round for India's IIFL Wealth
General Atlantic and Hong Kong-based PE firm Ward Ferry have agreed to join a INR7.5 billion ($109 million) investment in IIFL Wealth Management, a subsidiary of India’s IIFL Holdings.
Fairfax to part exit India's ICICI Lombard
Fairfax Financial Holdings will sell a 12.2% stake in ICICI Lombard General Insurance to a group of PE investors including Warburg Pincus, Tamarind Capital, and IIFL Asset Management.
IIFL, Iron Pillar back India's NowFloats
Indian enterprise web solutions provider NowFloats has raised $10 million in Series B funding from a group of investors including IIFL and Iron Pillar.
Mayfield, IIFL invest $7.5m in India's Box8
US early-stage investor Mayfield and IIFL Wealth Management have invested INR500 million ($7.5 million) of Series B funding in Indian quick service restaurant (QSR) chain and food delivery start-up Box8.
IIFL leads $30m round for India's BlueStone
IIFL Asset Management has led a INR2 billion ($30 million) Series D round for online jeweler BlueStone.