🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Govt raises $1.98 bn from divestments in FY24, misses target

VCCircle

VCCircle · 1y ago

Govt raises $1.98 bn from divestments in FY24, misses target

The Indian government has reportedly raised $1.98 billion from divestments in the financial year of 2023/24, falling short of its internal target of $2.26 billion. The government sold its stakes in approximately 10 state-run companies with hopes to raise funds for the country's economic development. However, the privatisation process has been impacted by upcoming general elections. Despite missing the divestment target, the government received higher dividends than expected from state-run companies, totaling approximately $8.36 billion in the same period. The government has not set a target for divestments in the current financial year.

Related News

Tencent-backed Practo misses FY24 revenue target, trims EBITDA loss

VCCircle

VCCircle · 8m ago

Tencent-backed Practo misses FY24 revenue target, trims EBITDA loss

Tencent-backed Practo achieved a 23% revenue growth to Rs 240 crore in FY24 but fell short of its 44% target. It significantly reduced its EBITDA loss from Rs 99.4 crore in FY23 to Rs 17 crore and recorded an adjusted EBITDA profit in Q4. Practo aims to be EBITDA-positive by FY25, focusing on expanding its core business, which includes booking medical appointments and offering telemedicine services. The company operates in 22 countries and is backed by investors like Tencent.

Tiger Global raises $2.7 bn, 55% less than $6 bn initial target

Inshorts · 2y ago

Tiger Global raises $2.7 bn, 55% less than $6 bn initial target

According to filings with the US Securities and Exchange Commission, Tiger Global Management, based in New York, has successfully raised $2.7 billion for its latest fund. However, this amount falls short of the firm's initial target of $6 billion, representing a decrease of 55%. Furthermore, it is noteworthy that the capital raised is 79% lower than the $12.7 billion accumulated by Tiger Global for its Fund 15 in March of the previous year.

Mubadala's FY24 assets under management top $300 bn

VCCircle

VCCircle · 1y ago

Mubadala's FY24 assets under management top $300 bn

Abu Dhabi sovereign wealth fund, Mubadala, has reported that its assets under management increased by 9.5% in 2024 to reach $302.2 billion. The investment company highlighted its role as a global investor and its focus on sectors contributing to regional growth. Mubadala deployed $24.3 billion in various sectors including technology, renewable energy, and life sciences. The company also reported proceeds of $27 billion, which included divestments of legacy assets. The fund's portfolio mix remained relatively unchanged, with investments in private equity, public markets, and real estate and infrastructure.

Delhivery misses ecommerce estimates, shares plunge 12%

The Arc Web

The Arc Web · 1y ago

Delhivery misses ecommerce estimates, shares plunge 12%

Delhivery, a logistics company in India, expects its ecommerce shipments to grow by 15-20% this year. In FY24, the company recorded revenues of INR 8,142 crore, a 13% increase from the previous year, although losses were reduced. However, Delhivery's shares fell 12% after disappointing Q4 results. The company's ecommerce division, which accounts for 62% of its revenue, experienced margin pressure due to increased competition and a decline in volumes from major client Meesho, which insourced some of its orders. Delhivery may provide additional margin benefits to clients to maintain market share.

Somerset exits nutraceutical bet after IPO stalls but misses the benchmark

VCCircle

VCCircle · 7m ago

Somerset exits nutraceutical bet after IPO stalls but misses the benchmark

Healthcare-focused private equity firm Somerset Indus Capital Partners has divested from all investments in its first fund, exiting a nine-year-old investment in a nutraceutical company via a buyback transaction. The firm, which is in the process of raising approximately $250 million for its third fund, made this exit after an IPO attempt stalled, although it missed its benchmark target in the process.

Stride Ventures hits final close of third fund, misses target

VCCircle

VCCircle · 1y ago

Stride Ventures hits final close of third fund, misses target

Venture debt firm Stride Ventures has announced the final close of its third fund, raising $165 million. Although this falls short of the initial target of $200 million, the fund received commitments from a variety of investors, including insurance companies, family offices, and high net worth individuals. Stride Ventures provides debt to startups in sectors such as consumer internet, fintech, and software-as-a-service. The firm has already invested in several startups, including BlueStone, Moneyview, and Moove. In 2023, the venture debt ecosystem in India experienced significant growth, with nearly $1.2 billion being raised from such deals.

EQT raises $1.6 bn for latest Asia-focused outing

VCCircle

VCCircle · 1y ago

EQT raises $1.6 bn for latest Asia-focused outing

Swedish investment firm EQT has successfully raised $1.6 billion for its new Asia-focused buyout fund, more than doubling its original target size of $750 million. The fund aims to expand EQT's presence in mid-market private equity investments in the Asia-Pacific region. This is EQT's first fund in the region since its $7.5 billion acquisition of Baring Private Equity Asia in 2022. Despite geopolitical pressures and economic uncertainties, the company remains optimistic about its pipeline and potential growth opportunities in Asia. EQT's global Private Capital strategies have raised a total of nearly $29 billion in 2024.

Tesla misses estimates for quarterly deliveries; shares fall

Economic Times

Economic Times · 1y ago

Tesla misses estimates for quarterly deliveries; shares fall

Tesla reported Q3 deliveries of 435,059 vehicles, missing market estimates and causing its shares to drop by 3.7%. The automaker cited planned factory shutdowns as a reason for the decline. Despite the miss, Tesla maintained its target to deliver 1.8 million vehicles this year. Some analysts believe factory upgrades could lead to a rebound in Q4 deliveries. Tesla also cut prices for certain models in the quarter. The company will report its Q3 financial results on October 18.

Stonepeak raises $3.3 bn for its first Asia-dedicated infrastructure fund

VCCircle

VCCircle · 1y ago

Stonepeak raises $3.3 bn for its first Asia-dedicated infrastructure fund

New York-based alternative investment firm, Stonepeak, has raised $3.3 billion for its Stonepeak Asia Infrastructure Fund, exceeding its $3 billion target. The fund aims to invest in a diversified portfolio of infrastructure assets across the Asia-Pacific region, with a focus on communications, energy, transport, and logistics. Stonepeak has already made six investments in these sectors. The successful fundraising highlights the long-term economic potential and demand for infrastructure investment in Asia.

India Should Target $500 Bn In Electronics Manufacturing By FY30

Inc42 · 1y ago

India Should Target $500 Bn In Electronics Manufacturing By FY30

The government think tank, NITI Aayog, has set a target of $500 billion for electronics production in India by 2030. This target aims to generate 5.5 to 6 million direct jobs in the country. To achieve this, the think tank suggests implementing fiscal, financial, regulatory, and infrastructure interventions to boost electronics manufacturing. The report also highlights that electronics production in India has already doubled from $48 billion in FY17 to $101 billion in FY23.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Aug 2025

Build. Comply. Fund. Fly.

Crypto to INR payments app for Indians

Your CV, Done Right.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Meta in talks to use Google's Gem ...

IPO-bound PhysicsWallah to invest ...

Exclusive: Vama set to raise fres ...

Download the medial app to read full posts, comements and news.