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Escorts' Nanda Family Office floats venture arm

New Delhi, Oct. 6 -- The Nanda family, which is one of the promoters of the multinational conglomerate Escorts Kubota, has launched a strategic venture unit Naveli Ventures. Naveli Ventures, the stra... Read More


Airtel Money gets IFC as anchor investor ahead of London IPO

New Delhi, Sept. 30 -- Airtel Mobile Commerce NV, which operates as Airtel Money and is the fintech arm of Airtel Africa Plc, has tapped International Finance Corporation as an anchor investor ahead o... Read More


Lending firms should diversify only if it adds value: VCCircle summit panel

New Delhi, Sept. 21 -- Lenders should diversify their operations only if it adds value to the organisation and not just to derisk their portfolio, otherwise they should focus on specialisation for bet... Read More


Asset quality, management key for financial firms: Blackstone's Mehta at VCCircle summit

New Delhi, Sept. 18 -- Asset quality and the management team are essential metrics when investing in a financial services company, Mukesh Mehta, chief investment officer and senior managing director a... Read More


UGRO Capital taps offshore investor for debt funding

New Delhi, Sept. 16 -- MSME-focussed lender UGRO Capital has tapped an offshore investor for debt capital, it said. The company has raised Rs 380 crore (around $40 million) in debt from Dutch entrepr... Read More


Avendus Wealth hires former Julius Baer exec as CEO

New Delhi, Sept. 15 -- Avendus Wealth Management has appointed former Julius Baer executive Umang Papneja as its executive vice chairman and chief executive officer. In the new role, Papneja will lea... Read More


Satin Creditcare's alternative investment arm makes maiden bet

New Delhi, Sept. 14 -- Satin Growth Alternatives Ltd, the alternative investment subsidiary of Satin Creditcare Network Ltd (SCNL), has made its first investment through its Category-II alternative in... Read More


Kotak Alts ropes in former ValueQuest exec to head PE/VC ops

New Delhi, Sept. 3 -- Kotak Alternate Asset Managers (Kotak Alts) has appointed former ValueQuest executive Pushkar Jauhari as the chief executive officer of its private equity and venture capital bus... Read More


Beams Fintech leads $23 mn round in non-bank lender Business Nextgen

New Delhi, Sept. 3 -- Business Nextgen Finance, a non-bank lender focussed on secured lending to medium, small and micro-enterprises (MSMEs), has raised Rs 215 crore ($23 million) in a round led by Be... Read More


NBFC Business Nextgen Finance raises $23 mn; Baring PE, Saison Cap participate

New Delhi, Sept. 3 -- Business Nextgen Finance, a non-bank lender focussed on secured lending to medium, small and micro-enterprises (MSMEs), has raised Rs 215 crore ($23 million) in a round led by Be... Read More