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Sindhuja Microcredit raises $5 mn in pre-Series D round

New Delhi, May 11 -- Noida-headquartered Sindhuja Microcredit has raised $5 million (nearly Rs 48 crore) in a pre-Series D funding round led by existing investors Abler Nordic, GAWA Capital, and Oikoc... Read More


Fairfax to gain majority stake in IIFL Capital with $211 mn investment

New Delhi, May 7 -- Canadian investment firm Fairfax India Holdings Corp will infuse Rs 2,000 crore (around $211 million) into IIFL Capital Services Ltd to increase its stake in the Indian broking fir... Read More


Eversource-backed Ecofy gets $15 mn from Natixis affiliate

New Delhi, May 6 -- Ecofy Finance, a non-bank lender backed by private equity firm Eversource Capital, has secured $15 million (nearly Rs 142 crore) in debt funding from Mirova, an affiliate of Natixi... Read More


Edelweiss group's alts unit gets SEBI nod for IPO

New Delhi, April 24 -- EAAA India Alternatives, the alternative asset management arm of the Edelweiss group, said it has received an approval from the Securities and Exchange Board of India (SEBI) for... Read More


Fairfax-backed IIFL Capital marks first close of maiden private credit fund

New Delhi, April 23 -- IIFL Capital Services Ltd, a financial services firm that counts Canadian investment firm Fairfax as an investor, has marked the first close of a private credit fund after secur... Read More


CVC Capital-controlled Aavas Financiers names former Kotak exec new MD and CEO

New Delhi, April 20 -- Aavas Financiers Ltd, a mortgage lender controlled by private equity firm CVC Capital Partners, has appointed a former Kotak Mahindra Bank executive as its new managing director... Read More