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HDFC Capital Picks Up Minority Stake In Proptech Startup TruBoard
Inc42
·
1y ago
Medial
HDFC Group's real estate private equity arm has acquired an 8.5% stake in a proptech startup. The deal, involving an investment of INR 7.28 Lakh, will enable the startup to expand into international markets, particularly in the residential and commercial real estate sectors.
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DPIIT partners with Roche India, HDFC Capital Advisors to help startups in affordable housing, healthcare
IndianStartupNews
·
8d ago
Medial
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed agreements with HDFC Capital Advisors and Roche India to support startup innovations in affordable housing and healthcare. The partnership with HDFC focuses on affordable housing and PropTech, offering growth opportunities and mentorship. The collaboration with Roche aims to support startups in critical therapeutic areas, providing mentorship, pilot studies, and technology access. These initiatives align with India's goals of creating an inclusive, innovation-driven startup ecosystem.
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Proptech startup Reloy sees 40% revenue growth to Rs 25 crore this fiscal on strong housing demand
Economic Times
·
8m ago
Medial
Proptech startup Reloy, backed by HDFC Capital, is projected to achieve a 40% revenue growth to Rs 25 crore this fiscal year due to strong housing demand. Reloy specializes in real estate loyalty and referrals, helping builders manage their brokers and homeowners efficiently. The company has raised Rs 13 crore from investors and offers tech solutions that streamline the post-purchase journey for homeowners. Reloy's clients include prominent builders such as Godrej Properties and DLF. The Proptech market is expected to reach $600 billion by 2047, according to a CREDAI and EY report.
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PE investor Creador picks up minority stake in Hinduja Tech
VCCircle
·
1y ago
Medial
Hinduja Tech, the digital engineering arm of Hinduja Group, has sold a minority stake to Creador, a South and Southeast Asia-focused private equity firm. Creador will invest $50 million for a 19.6% stake in Hinduja Tech, valuing the company at approximately $255 million. Hinduja Tech plans to use the capital to pursue new opportunities in the sustainable mobility engineering sector and expand its global presence. In the fiscal year 2023, the company's operating revenue grew by nearly 54% to Rs 393 crore.
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Z3Partners bets on Mintoak as early investors trim stake
VCCircle
·
7m ago
Medial
Z3Partners, a venture capital firm, is acquiring a minority stake in Mintoak Innovations, a software-as-a-service platform. The investment, amounting to Rs 71 crore ($8.3 million), involves purchasing shares from some of Mintoak's initial investors. Previously, Mintoak raised $20 million in Series A funding in February 2023. The platform supports banks and merchant acquirers, processing over $50 billion in annual transactions, with notable clients including HDFC Bank and State Bank of India.
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Macquarie Capital picks up minority stake in EV infra maker ChargeZone
VCCircle
·
1y ago
Medial
Macquarie Capital, the investment arm of Macquarie Group, has acquired a minority stake in ChargeZone, an electric mobility solutions company in India. The investment will support ChargeZone's development of its cloud-enabled EV charging network and drive the company's growth. ChargeZone specializes in building charging networks for electric buses, trucks, and cars and aims to reach one million charging points by 2030. Macquarie Capital continues to seek investment opportunities in the digital infrastructure and energy transition sectors in India and across Asia.
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PE fund Somerset picks up minority stake in Cyrix Healthcare for Rs 140 crore
Economic Times
·
8m ago
Medial
Private equity firm Somerset Indus Capital has acquired a minority stake in Cyrix Healthcare, a healthcare solutions provider based in Kochi, India. The deal, worth Rs 140 crore, involved both primary and secondary capital. Cyrix Healthcare, established in 2001, offers maintenance and service solutions for medical equipment and operates across India and the Middle East. The transaction is expected to support Cyrix's expansion in the healthcare infrastructure sector, specifically in equipment servicing. Financial advisory firm Advay Capital Advisors assisted Cyrix and its promoters during the transaction.
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Amitabh Bachchan’s Family Office Picks Up Minority Stake In Swiggy
Inc42
·
11m ago
Medial
Amitabh Bachchan's family office has acquired a minority stake in foodtech company Swiggy by purchasing shares from employees and early backers. Raamdeo Agrawal, the chairman of Motilal Oswal Financial Services, has also reportedly bought a stake in Swiggy. Swiggy recently appointed four new vice presidents to strengthen its quick commerce business, Instamart.
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Aditya Birla Group’s TMRW Picks Up 16% Stake In Virat Kohli-Backed WROGN
Inc42
·
1y ago
Medial
Aditya Birla Group's fashion and lifestyle venture, TMRW, has acquired a 16% stake in Universal Sportsbiz Private Limited (USPL) for INR 125 Cr. USPL is the company behind the popular youth fashion brand, WROGN, which is backed by Virat Kohli and Accel. This minority investment includes the option for Aditya Birla Group to acquire a majority stake in USPL in the future.
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Quadria Capital to invest $102 mn in India’s leading dialysis chain
VCCircle
·
1y ago
Medial
Quadria Capital, a healthcare-focused private equity firm, has announced a $102 million investment in India's leading dialysis services provider, NephroPlus. The funding will secure a significant minority stake in NephroPlus through a mix of primary and secondary transactions. Despite having a minority stake, Quadria Capital is expected to gain control over the company. NephroPlus currently operates approximately 450 dialysis centers across India, the Philippines, and Uzbekistan. Quadria Capital manages assets worth $3.4 billion and specializes in backing companies within the healthcare sector.
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PE firm Recognize picks up majority stake in Blue Mantis
VCCircle
·
11m ago
Medial
Private equity firm Recognize has acquired a majority stake in IT service provider Blue Mantis. American PE firm Abry Partners, which previously backed Blue Mantis, will continue as a minority investor. The financial terms of the deal were not disclosed. Blue Mantis plans to use the capital to expand its capabilities, including through acquisitions. The company provides digital technology services to mid-market and enterprise customers across various industries, including healthcare and financial services. Recognize aims to leverage Blue Mantis' existing foundation and pursue a go-to-market strategy to drive growth with new and existing clients.
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