PEs in talks for Fullerton's housing fin arm; Ares SSG, Faering ink deals; Xander alleges fraud

[] [VCCircle]( Saturday, 28 November, 2020 [Unlock Premium]( [twitter]( [linkedin]( [facebook]( [you tube]( PRIVATE EQUITY [Exclusive: Top PE firms keen to buy Temasek-owned Fullerton's India home finance arm]( Fullerton India Credit Company Ltd has received interest from private equity firms to buy its wholly owned housing finance unit... PRIVATE EQUITY [Exclusive: Ares SSG picks up 10% stake in housing finance firm]( [Everstone Capital to score benchmark returns from partial exit in Burger King India IPO]( [CX Partners scores neat returns in partial exit from financial services firm]( [SoftBank creates new channel for India deals]( [JPMorgan PE gets another haircut from partial exit in listed consumer internet firm]( [GSK Velu-backed Stakeboat Capital floats new fund]( [Canadian investor to back Sajjan Jindal's stressed steel asset acquisition]( [Tube Investments raises funding from Azim Premji Trust, SBI Mutual Fund]( [Fidelity bets on Nykaa via secondary deal; early investors part-exit]( [Bharti Group co-invests in SpaceX competitor OneWeb's $1 bn rescue deal]( [Blackstone seeks $5 bn for second Asia buyout fund]( Venture Capital [Exclusive: India Quotient leads investment in e-jewellery startup]( [Former Sequoia execs' A91 Partners to roll out second India-focussed fund]( [Logistics startup Freightwalla dials up top-flight VC firms for Series B funding]( [Fireside Ventures eyes investment in another health-tech startup]( [How did Ventureast, Eight Roads fare in exit from legacy portfolio firm]( [Temasek-backed GoodWorker injects funding in platform co-founded by Sonu Sood]( [Exclusive: Anicut Angel Fund backs lease finance platform Grip Invest]( [Work fulfilment platform Awign raises pre-Series B funding from Unitus, others]( [Cars24, Unacademy attract big cheques, lead VC funding chart this week]( [India Quotient leads pre-Series A funding in edtech firm Yellow Class]( [Faering Capital leads funding in beauty products e-tailer Plum]( [Venture Catalysts leads funding in performing arts platform STAGE]( [Podcast: Madhu Iyer on how she ended up at Rocketship despite plans to float own fund]( [Power Gummies raises bridge funding from Agility, DSG, Venture Catalysts]( [Broadcast-focussed software firm Inntot raises funding from Unicorn India Ventures]( [Venture Catalysts leads funding in insurance startup co-founded by former Motorola exec]( [Lightbox Ventures leads Series A funding in bus aggregator Cityflo]( [Sequoia's Surge, Info Edge lead Series A funding in logistics-tech platform Shipsy]( [Unacademy raises funding from Tiger Global, Dragoneer; hits $2 bn valuation]( [Apis Growth Fund leads Series B funding in Y Combinator-backed Cashfree]( [9Unicorns leads seed funding in location intelligence platform GeoIQ]( [Spring Marketing Capital backs beauty products marketplace Purplle.com]( [YourNest, growX lead funding in LightSpeedAI Labs]( [Venture Catalysts leads funding in trading platform AlgoBulls]( [Rainmatter backs enterprise resource planner ERPNext]( [Cars24 drives into unicorn club as Yuri Milner's DST Global leads Series E funding]( [Elevation Capital leads Series C investment in Country Delight]( [3Lines Venture Capital leads seed funding in AI-based risk manager SignalX]( M&A [Exclusive: upGrad forays into test-prep segment with acquisition]( [Tatas juggle with eroded value of road trailers biz after a failed PE buyout]( [Indiabulls group looks to sell ARC arm as pandemic bites]( [IL&FS's energy advisory business lands up on chopping block]( [HDFC to pick up 20% stake in Mumbai ARC]( [Biocon to pick up 26% stake in renewables firm]( [Mahindra & Mahindra to sell vehicle services arm to TVS group]( [RBI nixes Muthoot Finance's plan to buy IDBI Mutual Fund]( [British insurer Aviva plans to sell its businesses in India, other markets]( [NSE warned Future Retail of action over disclosures on Amazon dispute]( [Honeywell picks up stake in Trinity Mobility to expand smart-cities capabilities]( [Airtel picks up stake in Avaada Energy subsidiary]( [EbixCash acquires majority stake in BPO firm AssureEdge Global Services]( People [Xander alleges fraud by former India MD; seeks explanation from Grant Thornton & others]( [Blackstone-backed test-prep firm Aakash ropes in CEO from Byju's]( Markets [PE-backed biscuit maker gets nod for public float]( [Sensex, Nifty slip before GDP data; auto stocks shine]( [India's stock market bull-run to continue in 2021]( Q&A [Covid has sped up consolidation in real estate: Puravankara's Abhishek Kapoor]( [Healthium CEO on how coronavirus will change the medical devices sector in India]( ANALYSIS [Sizing up the towers of trouble that loom large over telecom infra firm ATC India]( [Company watch: Ching's Secret maker faces profit woes amid expansion, competition]( others [PE-backed AU Small Finance Bank sells stake in former housing fin arm]( [Indian economy contracts for second quarter in a row, recovery seen next year]( [Battle of the billionaires: Bezos, Ambani gun for India retail supremacy]( [India to allow Uber and rivals to charge 20% commission]( [India's Apr-Oct fiscal deficit tops 126% of full-year target]( [Modi sees $20 bn annual investment in green energy sector]( [Grapevine: GIC hires WestBridge exec for India fund; Tatas ask SIA to drop non-compete]( [Russia sovereign fund, local firm Hetero to produce corona vaccine Sputnik V in India]( [Grapevine: CPPIB, ADIA eye India's smart meter rollout; DHFL bidders mull walkout]( [EU is looking to sidestep drug patents to boost access to medicines]( [Vaccine no shot in arm as India & other markets face logistics challenge]( [Grapevine: Greenko may buy NEC Energy Solutions; Schneider to sell Luminous]( [Indian government to invest $812 million in NIIF]( [India import hurdles hit Apple iPhone, Xiaomi devices from China]( [Indian economy to escape recession early next year on vaccine hopes]( [Indian drugmakers may benefit as EU mulls easier access to generics]( [Sembcorp, Aljomaih push Indian solar power tariffs to record low]( [Grapevine: Google eyes Twitter-backed ShareChat; Apollo Global joins fray for BPCL]( [India bans Alibaba's app, 42 others as it takes on China]( [Grapevine: Blackstone to lose Amit Jain, may exit Mphasis]( [S&P skeptical of allowing corporates into Indian banking]( [Coal India to invest over $760 mn over 4 yrs in solar projects]( VCCircle Upcoming Events Events Title Date City [VCCircle Healthcare Investment Summit 2020]( Dec 11 A Digital Event Early bird discounts and Group concession fees available. For details and registration please write to register@vccircle.com or Call. +91- 011-68132900 For sponsorship, write to: sponsorship@vccircle.com or Call. +91- 011-49711180 VCCircle Training - Upcoming Programmes Training Title Date City [Applied Valuation & Financial Modelling Excellence - 2020 by Dr Bala G. Dharan]( Dec 3-5 Digital Training Early bird discounts and Group concession fees available. For details and registration please write to training@vccircle.com or Call. 0120-49711180 [Vccedge]( Accurate and Comprehensive Private Equity, Venture Capital and M&A Deal data at your fingertips Call: Sameer Sikka @ 09873411854 & +91- 011-49711180 Email: sales@vccedge.com [vccircle]( Tel: +91- 011-49711180, +91- 011-68132900, Email: subscription@vccircle.com [twitter]( [linkedin]( [facebook]( [you tube]( Mosaic Media Ventures Pvt. Ltd., 17, Okhla Industrial Estate, Phase III, Delhi, 110020 India [SafeUnsubscribe™ {EMAIL}]( [Forward email]( | [About our service provider]( Sent by newsletter@vccircle.net powered by [Constant Contact]( [Try email marketing for free today!](