VISTA EQUITY PARTNERS INVEST IN JIO PLATFORMS
Carlyle, CVC & Hillhouse in the fray for GeBBS
Global private equity firms including Carlyle Group, Hillhouse Investment and CVC Capital Partners have been shortlisted to acquire ChrysCapital-owned GeBBS Healthcare Solutions, said people familiar with the development. The deal proposes to value the Los Angeles-based healthcare business process outsourcing firm at $800 million. The firms, shortlisted after the initial round, will submit a binding offer by mid-July, said one of the persons, who did not wish to be identified.
Novavente raises $3 million from Highbrow Securities
The partnership with Highbrow Securities is also expected to enhance Novavente's market credibility as it prepares for a public listing on the London Stock Exchange. The sales consulting firm will use the fresh funds to fuel expansion plans and enhance offerings and services. Beyond its core business, Novaventa has also invested in developing generative AI products.
Cloudphysician raises $10.5 million in funding round led by Peak XV Partners
Online healthcare and technology solutions provider Cloudphysician has raised $10.5 million (about Rs 87.7 crore) in a funding round led by Peak XV Partners, along with Elevar Equity and venture debt firm Panthera Peak. The startup will use the capital to strengthen its presence in India, enter other countries and develop its AI platform.
Herd on PE Street: TPG outruns everyone in race for Altimetrik
Last month, its Asia-focused fund TPG Asia VIII secured $5.3 billion in aggregate capital commitments. That made it the firm’s largest Asia fund in 30 years of investing in the region. Since inception, TPG Asia has ploughed more than $13 billion into core sectors including consumer, healthcare, financial services and TMT/new economy and the fund has realised more than $16 billion, according to its website.
Ixigo IPO subscribed over 98 times on last day
Le Travenues Technology, the parent company of Ixigo, had a highly successful IPO, with bids exceeding 98 times the shares on offer.
Ixigo public issue oversubscribed on opening day
Le Travenues Technology's IPO for online travel platform Ixigo was oversubscribed on the opening day, with bids for 85.5 million shares against 43.7 million available.
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Ixigo IPO oversubscribed on Day 1: check details
Le Travenues Technology, the parent company of online travel platform Ixigo, had a successful IPO opening day, subscribed 1.95 times on the BSE. Investors bid for 85.5 million shares against 43.7 million available. The IPO, which closes on June 12, includes a fresh equity issue of Rs 120 crore.
Ixigo IPO opens for subscription. Should you bid?
Ixigo IPO by Le Travenues Technology will open for subscription with a price band of Rs 88-93 per share. Investors can bid for 161 shares in one lot. The IPO closes on June 12.
Ixigo IPO opens tomorrow. What GMP signals ahead of subscription?
Before its initial public offering (IPO) set to open for subscription on Monday, Le Travenues Technology, the company behind the travel platform Ixigo, is seeing its shares trade at a premium of Rs 25 in the unlisted market.
Ixigo raises Rs 333 crore from anchor investors ahead of IPO
Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore are some of the marquee investors who subscribed to Ixigo's anchor book. The company had already announced pre-IPO secondary placements of around Rs 176.2 crore at the top end of price band.
Investors should start looking at value stocks with long-term perspective: Porinju Veliyath
We all were knowing, discussing in the last many-many months, we can just feel now it has come, whatever is the reason, so that correction is happening and I think it will be a healthy correction.
Ixigo to launch its IPO on June 10. Check key details
The IPO comprises fresh equity sale of Rs 120 crore and an offer for sale (OFS) of up to 6.66 crore shares. Under the OFS, SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics and Placid Holdings will offload part of their stakes.
Telcos now targeting T20 cricket world cup to boost data usage, ARPU
Telecom companies are capitalizing on the cricket fever post IPL by launching low-priced data packs and bundled subscriptions for the upcoming World Cup to boost data usage and revenue per user.
FarMart raises Rs 24 crore in debt from ResponsAbility Investments
B2B food supply platform FarMart raises Rs 24 crore from Switzerland-based asset manager ResponsAbility Investments for its SaaS software. Previous investors include General Catalyst and Matrix Partners India. The funding aims to reduce food loss and waste in India.
Sanjay Nayar’s Sorin Investments raises Rs 1,350 crore
Early-stage venture firm Sorin Investments, founded by veteran dealmaker and former KKR India CEO Sanjay Nayar, made the final close of its maiden fund at Rs 1,350 crore, sources told ET. Through this fund, Sorin will back startups looking to raise Series A funding.
Private philanthropy to expand at 10–15% annually in next five years: Neera Nundy, Partner, Dasra
Private philanthropy is expected to see a significant expansion with family philanthropy seeing a shift towards building a strong ecosystem.
IPL 2024 audience reach on TV, digital platforms hits a record
IPL 2024 became the largest ever edition in terms of audience reach on TV and digital. The official broadcaster Star Sports recorded an audience reach of 546 million for 67 matches, with more data yet to come out.
Another Ambani vs Mittal battle? A look into Airtel's African empire
Bharti Airtel's African venture has been a rollercoaster ride, starting with a bold move by chairman Sunil Mittal in 2008. Despite initial struggles, Airtel Africa has managed to establish a strong presence in 14 countries. Meanwhile, Mukesh Ambani's Reliance Industries is making inroads into the African telecom market with 5G infrastructure solutions. As Airtel Africa faces currency woes, the stage is set for a potential showdown between the two telecom giants.
RIL's Mukesh Ambani set for African safari with 5G tech solutions
Radisys, a company owned by RIL's subsidiary Jio Platforms Ltd (JPL), is collaborating with Tech Mahindra and Finland's Nokia, to team up with Next-Gen Infrastructure Co. (NGIC). NGIC, in which the Ghanaian government, Ascend Digital, and K-Net have equity stakes, is positioned as the first neutral 5G shared infrastructure provider in Africa. The company's initial focus will be on offering 4G and 5G network support in Ghana before expanding its services across the continent.
Jio Financial seeks shareholders approval for up to 49% foreign equity investments
Among the public shareholders, foreign investors own about 19% stake in the company and mutual funds are holding 4.74%, according to the latest shareholding data available with the exchanges.
Travel portal ixigo's parent firm, Bansal Wire Industries get Sebi's go-ahead to float IPO
The Gurugram-based Le Travenues Technology's proposed IPO will be a combination of a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP).
JV Ventures forays into healthcare-dedicated infrastructure platform; plans to open 75 centres in next 5 years
JV Ventures diversifies into healthcare infrastructure with The Medical Centre (TMC), investing $600 million for 75 centers. Raja Jain appointed CEO. Vishal Goel and Jasmeet Singh Chhabra express optimism. TMC to offer specialized services in major Indian cities.
KKR invests in Healthcare Revenue Solutions provider Infinx
KKR acquires a significant minority stake in Infinx Services, a leading healthcare revenue cycle solutions provider. With Norwest Venture Partners also participating, the investment aims to accelerate Infinx's growth in the US healthcare market, leveraging KKR's expertise. Infinx's innovative platform serves over 400 healthcare providers, tapping into a $4.3 trillion market.
Time for India to get the investment game right!
Indian households traditionally prefer fixed deposits, gold, and real estate for investments. However, equities, mutual funds, SGBs, InvITs, and REITs offer higher returns over the long term. StockGro aims to educate and empower investors in the equity market. SEBI, NCFE, and RBI play roles in promoting financial literacy and regulating investments.
How to safely invest in real estate via fractional ownership platforms
Things to check before investing in real estate via Fractional Ownership: The Sebi has recently amended the rules and regulations for investing in real estate via Fractional Ownership platforms (FOPs). The new regulations intended to make investment in real estate (usually a commercial building) safer and transparent for retail investors.
Anime Kingdom: OTTs step up investments to draw youth
Anime content is taking centre stage on over-the-top (OTT) platforms in India as streamers look to ape the traditional TV model of offering diverse content slate that caters to different age groups and demographics, amid the summer vacation for schools and colleges.
ChrysCapital to invest Rs 830 cr in Centre For Sight, to pick Mahindra Holdings' entire stake
ChrysCapital, a domestic PE fund, is set to invest up to Rs 830 crore in New Delhi's Centre for Sight (CFS), a leading eye care chain, partly acquiring Mahindra Holdings Limited's stake. The investment aims to bolster CFS's expansion across India's Tier 1 and 2 cities. CFS, founded in 1996, operates 83 centers across 15 states/UTs and 39 cities, expecting revenue of Rs 515 crore in FY24.
Deeptech startup Myelin Foundry raises $4 million led by Sidbi Venture Capital
Myelin Foundry secured $4 million with participation from existing investors. The funds will fuel platform development, global expansion, and solidify their edge AI leadership.
Why this maverick investor is betting on Vodafone Idea
America's GQG Partners, known for successful bets on Adani companies, is now investing $400 million in Vodafone Idea's share sale, a move seen as a major endorsement for the struggling telecom giant. Vi, facing massive debt and structural issues, hopes the fund-raise will strengthen its position in the market.
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