Samara makes a top-up; Iron Pillar gets an LP; Deep dive into GIP-owned Ascend Telecom

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[Read more](/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NhbWFyYXB1bXBpbmctbW9yZS1jYXNoLWludG8tcG9ydGZvbGlvLWZpcm0tYWhlYWQtb2YtaXBvLWFzLWJ1c2luZXNzLWZsb3VuZGVycw==/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- Analysis [Spotlight: Can GIP-owned Ascend Telecom hold its ground in a duopolistic sector?](/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Nwb3RsaWdodGNhbi1naXAtb3duZWQtYXNjZW5kLXRlbGVjb20taG9sZC1pdHMtZ3JvdW5kLWluLWEtZHVvcG9saXN0aWMtc2VjdG9y/660eba9f93c453ed24b88d32-20240404) Last year, US-based private equity firm Global Infrastructure Partners (GIP) stitched a bolt-on deal in India through its portfolio company Ascend ...... [Read more](/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Nwb3RsaWdodGNhbi1naXAtb3duZWQtYXNjZW5kLXRlbGVjb20taG9sZC1pdHMtZ3JvdW5kLWluLWEtZHVvcG9saXN0aWMtc2VjdG9y/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- Credit [Apple’s Chinese supplier Lingyi taps foreign investor for India expansion](/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FwcGxlcy1jaGluZXNlLXN1cHBsaWVyLWxpbmd5aS10YXBzLWZvcmVpZ24taW52ZXN0b3ItZm9yLWluZGlhLWV4cGFuc2lvbg==/660eba9f93c453ed24b88d32-20240404) An Indian step-down subsidiary of Chinese consumer electronics component maker Lingyi iTech (Guangdong) Co Ltd is set to raise as much as $150 ...... [Read more](/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FwcGxlcy1jaGluZXNlLXN1cHBsaWVyLWxpbmd5aS10YXBzLWZvcmVpZ24taW52ZXN0b3ItZm9yLWluZGlhLWV4cGFuc2lvbg==/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- /10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2lyb25waWxsYXItZ2V0cy1vZmZzaG9yZS1scC1vbi1ib2FyZC1mb3ItbmV3LXZlbnR1cmUtY2FwaXRhbC1mdW5k/660eba9f93c453ed24b88d32-20240404 Venture Capital [Iron Pillar gets offshore LP on board for new venture capital fund](/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2lyb25waWxsYXItZ2V0cy1vZmZzaG9yZS1scC1vbi1ib2FyZC1mb3ItbmV3LXZlbnR1cmUtY2FwaXRhbC1mdW5k/660eba9f93c453ed24b88d32-20240404) Mid-stage venture capital firm Iron Pillar, an investor in startups such as Uniphore, CureFoods, and FreshtoHome, is bringing on board an offshore ...... [Read more](/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2lyb25waWxsYXItZ2V0cy1vZmZzaG9yZS1scC1vbi1ib2FyZC1mb3ItbmV3LXZlbnR1cmUtY2FwaXRhbC1mdW5k/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- Venture Capital [HealthQuad weighs two more exits, sets sight on wrapping up debut fund](/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hlYWx0aHF1YWR3ZWlnaHMtdHdvLW1vcmUtZXhpdHMtc2V0cy1zaWdodC1vbi13cmFwcGluZy11cC1kZWJ1dC1mdW5k/660eba9f93c453ed24b88d32-20240404) Healthcare-focused venture capital firm HealthQuad, which has clocked two exits over the past few months, is in talks to sell its stake in two more...... [Read more](/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hlYWx0aHF1YWR3ZWlnaHMtdHdvLW1vcmUtZXhpdHMtc2V0cy1zaWdodC1vbi13cmFwcGluZy11cC1kZWJ1dC1mdW5k/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- Venture Capital [SingleInterface snags $30 mn from Asia Partners, PayPal Ventures](/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NpbmdsZWludGVyZmFjZXNuYWdzLTMwLW1uLWZyb20tYXNpYS1wYXJ0bmVycy1wYXlwYWwtdmVudHVyZXM=/660eba9f93c453ed24b88d32-20240404) SingleInterface, which provides hyperlocal marketing-to-commerce software for storefronts, Thursday said it has raised $30 million (around Rs 250 ...... [Read more](/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NpbmdsZWludGVyZmFjZXNuYWdzLTMwLW1uLWZyb20tYXNpYS1wYXJ0bmVycy1wYXlwYWwtdmVudHVyZXM=/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- Venture Capital [Centre Court Capital marks first close of maiden VC fund](/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NlbnRyZWNvdXJ0LWNhcGl0YWwtbWFya3MtZmlyc3QtY2xvc2Utb2YtbWFpZGVuLXZjLWZ1bmQ=/660eba9f93c453ed24b88d32-20240404) Centre Court Capital, a sports technology- and gaming-focused venture capital firm, has marked the first close of its maiden investment vehicle and ...... [Read more](/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NlbnRyZWNvdXJ0LWNhcGl0YWwtbWFya3MtZmlyc3QtY2xvc2Utb2YtbWFpZGVuLXZjLWZ1bmQ=/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- /19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xlYXBmcm9nbGVhZHMtNDgtbW4tc2VyaWVzLWItZnVuZGluZy1pbi1lbGVjdHJvbmljYS1maW5hbmNl/660eba9f93c453ed24b88d32-20240404 Venture Capital [LeapFrog leads $48 mn Series B funding in Electronica Finance](/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xlYXBmcm9nbGVhZHMtNDgtbW4tc2VyaWVzLWItZnVuZGluZy1pbi1lbGVjdHJvbmljYS1maW5hbmNl/660eba9f93c453ed24b88d32-20240404) Electronica Finance Ltd, which provides loans to micro, small and medium enterprises (MSME), Thursday said it has raised $48 million (Rs 400 crore) ...... [Read more](/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xlYXBmcm9nbGVhZHMtNDgtbW4tc2VyaWVzLWItZnVuZGluZy1pbi1lbGVjdHJvbmljYS1maW5hbmNl/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- Venture Capital [Jungle Ventures leads $26 mn round in Infinity Fincorp](/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2p1bmdsZXZlbnR1cmVzLWxlYWRzLTI2LW1uLXJvdW5kLWluLWluZmluaXR5LWZpbmNvcnA=/660eba9f93c453ed24b88d32-20240404) Mumbai-based Infinity Fincorp Solutions Pvt Ltd, a non-banking financial company, has raised $26 million (around Rs 217 crore) in its latest funding ...... [Read more](/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2p1bmdsZXZlbnR1cmVzLWxlYWRzLTI2LW1uLXJvdW5kLWluLWluZmluaXR5LWZpbmNvcnA=/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- Private Equity [Nivara Home Finance bags $10 mn from Baring PE India](/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25pdmFyYWhvbWUtZmluYW5jZS1iYWdzLTEwLW1uLWZyb20tYmFyaW5nLXBlLWluZGlh/660eba9f93c453ed24b88d32-20240404) Housing finance company Nivara Home Finance Thursday said it has raised $10 million (Rs 83.4 crore) from Rahul Bhasin-led Baring Private Equity ...... [Read more](/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25pdmFyYWhvbWUtZmluYW5jZS1iYWdzLTEwLW1uLWZyb20tYmFyaW5nLXBlLWluZGlh/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- Venture Capital [Merchant banker Holani Consultants launches $50-mn SME-focused angel fund](/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21lcmNoYW50YmFua2VyLWhvbGFuaS1jb25zdWx0YW50cy1sYXVuY2hlcy01MC1tbi1zbWUtZm9jdXNlZC1hbmdlbC1mdW5k/660eba9f93c453ed24b88d32-20240404) Jaipur-based Holani Consultants Pvt Ltd, a SEBI registered merchant banker and stockbroker, has launched an angel fund, Holani Venture Capital Fund, ...... [Read more](/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21lcmNoYW50YmFua2VyLWhvbGFuaS1jb25zdWx0YW50cy1sYXVuY2hlcy01MC1tbi1zbWUtZm9jdXNlZC1hbmdlbC1mdW5k/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- M&A [Lightbox-backed Zeno Health buys online pharmacy startup](/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xpZ2h0Ym94YmFja2VkLXplbm8taGVhbHRoLWJ1eXMtb25saW5lLXBoYXJtYWN5LXN0YXJ0dXA=/660eba9f93c453ed24b88d32-20240404) Lightbox-backed Zeno Health, which raised $25 million (R 2085 crore) in Series C round led by South Korean private equity firm STIC Investments last ...... [Read more](/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xpZ2h0Ym94YmFja2VkLXplbm8taGVhbHRoLWJ1eXMtb25saW5lLXBoYXJtYWN5LXN0YXJ0dXA=/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- Venture Capital [Curelo, two others secure early-stage funding](/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2N1cmVsb3R3by1vdGhlcnMtc2VjdXJlLWVhcmx5LXN0YWdlLWZ1bmRpbmc=/660eba9f93c453ed24b88d32-20240404) Healthtech startup Curelo, sports tech startup Hudle and metaverse startup Cloudworx secured early-stage funding, the companies said on Thursday...... [Read more](/31/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2N1cmVsb3R3by1vdGhlcnMtc2VjdXJlLWVhcmx5LXN0YWdlLWZ1bmRpbmc=/660eba9f93c453ed24b88d32-20240404) --------------------------------------------------------------- Others [Grapevine: Lenskart, Purplle eye fresh funds; Blackstone changes tack for PGP Glass sale](/32/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWxlbnNrYXJ0LXB1cnBsbGUtZXllLWZyZXNoLWZ1bmRzLWJsYWNrc3RvbmUtY2hhbmdlcy10YWNrLWZvci1wZ3AtZ2xhc3Mtc2FsZQ==/660eba9f93c453ed24b88d32-20240404) are engaged in early discussions for fresh funding, indicating a resurgence in big-ticket deals exceeding $100 million, a media report said. ...... 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