New Delhi, June 8 -- Private equity firm I Squared Capital is planning an India-focused fund while cloud kitchen company Curefoods has postponed its plans to go public and a senior executive is set to leave venture capital firm Z47, separate media reports said.
I Squared Capital
Infrastructure-focused private equity firm I Squared Capital is exploring options to raise an India-focused fund, Mint reported, citing people familiar with the matter.
The American PE firm, which currently invests in India through its global vehicles, could target a corpus of about Rs 4,000-5,000 crore for the India fund, the report said.
The report also said that the planned fund would focus on sectors such as transport and logistics, energy transition, digital and environmental infrastructure, and social infrastructure.
Curefoods
Cloud kitchen platform Curefoods has postponed its IPO plans after receiving SEBI approval, The Economic Times reported.
Curefoods is the latest company to defer its listing plans after Walmart-controlled Flipkart and PhonePe delayed their IPO plans due to stock market volatility.
Curefoods planned to raise Rs 800 crore through the IPO at a valuation of about Rs 4,000 crore. The report said that potential investors "baulked" at the valuation it wanted during the roadshows.
Z47
Venture capital firm Z47 (formerly Matrix Partners India) is set to see a top-deck change with managing director Tarun Davda leaving, The Economic Times reported, citing people familiar with the matter.
The report said Davda has informed Z47 of his plans and is likely to leave by the end of this year. The report also said that Davda could either launch his own fund or return to entrepreneurship.
Davda joined Z47 nearly 15 years ago and has been involved in investing in companies such as Ola, MoEngage and Captain Fresh, the report noted.
Published by HT Digital Content Services with permission from VC Circle.