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MENA Digest: Tunisian startup Kumulus Water, Qatar's ShipBee secure funding

New Delhi, June 6 -- At least two early-stage startups secured funding in the Middle East and North Africa (MENA) region in an otherwise quiet week for dealmaking. Tunisia's water-tech startup Kumulus... Read More


African PE firm Mediterrania Capital Partners marks final close of Fund IV

New Delhi, June 6 -- Mediterrania Capital Partners (MCP), a Malta-based private equity firm that manages over $800 million in assets and deploys growth capital in mid-sized African companies, has mark... Read More


InfoEdge Ventures leads Series B funding in Decentro

New Delhi, June 6 -- Decentro, a fintech startup that provides banking infrastructure, said Friday it has raised Rs 30 crore ($3.5 million) in its Series B funding round led by InfoEdge Ventures. Sta... Read More


Zaggle to buy VC-backed spend management platform Dice Enterprises

New Delhi, June 5 -- Software-as-a-services firm Zaggle Prepaid Ocean Services Ltd said Thursday it has agreed to acquire spend management startup Dice Enterprises for Rs 123 crore ($14.3 million). "... Read More


Stride Green, Khari Foods, two others raise early-stage funding

New Delhi, June 5 -- Climate-tech financing platform Stride Green, snacks brand Khari Foods, travel platform The Tarzan Way, and drone maker AVPL have secured funding from venture capital firms and an... Read More


Digital lending startup LoanTap raises pre-Series C round

New Delhi, June 5 -- Digital lending startup LoanTap, backed by venture capital firms like 3one4 Capital, India Quotient, and Avaana Capital, has raised Rs 54 crore ($6.2 million) in equity in its pre... Read More


Women's wellness brand Plush raises Series B from Blume, ex-PremjiInvest exec

New Delhi, June 5 -- Plush, a women's wellness brand, has secured Rs 40 crore ($4.7 million) in a Series B round of funding, as it scales its offline presence and expands its personal care offerings. ... Read More


Valar Ventures-backed wealth platform Syfe raises $80 mn in Series C funding

New Delhi, June 5 -- Investment platform Syfe, which last year secured funding from existing investors, has raised $80 million (Rs 685 crore) in a Series C funding round led by two British family offi... Read More


PE-owned Sekhmet Pharma gets former Lupin, Shilpa Medicare exec as new CEO

New Delhi, June 4 -- A private equity consortium led by PAG, an Asia-focused investment firm, has announced the appointment of Santosh Kumar Mahil as managing director and CEO of Sekhmet Pharmaventure... Read More


After exiting logistics firm, Flipkart checks out of Aditya Birla Fashion

New Delhi, June 4 -- Walmart-owned ecommerce giant Flipkart sold its stake in Aditya Birla Fashion and Retail Ltd (ABFRL) on Wednesday, a day after exiting a logistics company that it backed a decade ... Read More