IndiaRF logs an exit; GIC makes a top-up; LeapFrog, Ranjan Pai's Claypond in people moves

Trouble viewing this email? [View in web browser](/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wNi9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA2LTI3Lmh0bWw=/667d75d9251525baa3d6f9ea-20240627) [VCCircle](/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/667d75d9251525baa3d6f9ea-20240627) Thursday, 27 Jun 2024 /2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/667d75d9251525baa3d6f9ea-20240627 /3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JhaW5waXJhbWFsLXN0cmVzc2VkLWFzc2V0cy1mdW5kLWluZGlhcmYtbG9ncy1vdXQtb2YtZGVidXQtaW52ZXN0bWVudA==/667d75d9251525baa3d6f9ea-20240627 Private Equity [Bain-Piramal stressed assets fund IndiaRF logs out of debut investment](/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JhaW5waXJhbWFsLXN0cmVzc2VkLWFzc2V0cy1mdW5kLWluZGlhcmYtbG9ncy1vdXQtb2YtZGVidXQtaW52ZXN0bWVudA==/667d75d9251525baa3d6f9ea-20240627) The India Resurgence Fund, an investment platform set up by private equity firm Bain Capital Credit and Indian conglomerate Piramal Enterprises, has ...... 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[Read more](/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NpbmdhcG9yZXdlYWx0aC1mdW5kLWdpYy1kb3VibGVzLWRvd24tb24taW5kaWEtdGVjaC1maXJt/667d75d9251525baa3d6f9ea-20240627) --------------------------------------------------------------- Infrastructure [Spotlight: CPPIB-backed NHAI InvIT on a smooth ride but faces a few bumps](/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Nwb3RsaWdodGNwcGliLWJhY2tlZC1uaGFpLWludml0LW9uLWEtc21vb3RoLXJpZGUtYnV0LWZhY2VzLWEtZmV3LWJ1bXBz/667d75d9251525baa3d6f9ea-20240627) Earlier this month, the National Highways Authority of India (NHAI), the government-owned highway developer, unveiled a new corporate strategy for its...... [Read more](/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Nwb3RsaWdodGNwcGliLWJhY2tlZC1uaGFpLWludml0LW9uLWEtc21vb3RoLXJpZGUtYnV0LWZhY2VzLWEtZmV3LWJ1bXBz/667d75d9251525baa3d6f9ea-20240627) --------------------------------------------------------------- /10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21iZGdyb3VwLWFpbWluZy10by1tZXJnZS10d28tdmVydGljYWxzLWFoZWFkLW9mLWV4dGVybmFsLWZ1bmRyYWlzaW5n/667d75d9251525baa3d6f9ea-20240627 M&A [MBD Group aiming to merge two verticals ahead of planned maiden fundraising](/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21iZGdyb3VwLWFpbWluZy10by1tZXJnZS10d28tdmVydGljYWxzLWFoZWFkLW9mLWV4dGVybmFsLWZ1bmRyYWlzaW5n/667d75d9251525baa3d6f9ea-20240627) Delhi-based MBD Group, a diversified company owning businesses in publishing, hospitality, education and real estate, is planning to merge two key ...... [Read more](/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21iZGdyb3VwLWFpbWluZy10by1tZXJnZS10d28tdmVydGljYWxzLWFoZWFkLW9mLWV4dGVybmFsLWZ1bmRyYWlzaW5n/667d75d9251525baa3d6f9ea-20240627) --------------------------------------------------------------- Venture Capital [Ranjan Pai’s Claypond Capital ropes in former Fireside exec](/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3JhbmphbnBhaS1zLWNsYXlwb25kLWNhcGl0YWwtcm9wZXMtaW4tZm9ybWVyLWZpcmVzaWRlLWV4ZWM=/667d75d9251525baa3d6f9ea-20240627) Claypond Capital, the family investment office of Manipal Hospitals head Ranjan Pai, has roped in a former Fireside Ventures executive, as the firm ...... [Read more](/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3JhbmphbnBhaS1zLWNsYXlwb25kLWNhcGl0YWwtcm9wZXMtaW4tZm9ybWVyLWZpcmVzaWRlLWV4ZWM=/667d75d9251525baa3d6f9ea-20240627) --------------------------------------------------------------- Analysis [Searchlight: MSN Labs gunning for growth in FY25 with diversification plans](/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYXJjaGxpZ2h0bXNuLWxhYnMtZ3VubmluZy1mb3ItZ3Jvd3RoLWluLWZ5MjUtd2l0aC1kaXZlcnNpZmljYXRpb24tcGxhbnM=/667d75d9251525baa3d6f9ea-20240627) MSN Laboratories Pvt. Ltd, a Hyderabad-based drugmaker focused on active pharmaceutical ingredients (APIs) and finished dosages, is aiming to foray ...... [Read more](/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYXJjaGxpZ2h0bXNuLWxhYnMtZ3VubmluZy1mb3ItZ3Jvd3RoLWluLWZ5MjUtd2l0aC1kaXZlcnNpZmljYXRpb24tcGxhbnM=/667d75d9251525baa3d6f9ea-20240627) --------------------------------------------------------------- M&A [UltraTech buys 23% stake in India Cements for $226 mn](/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3VsdHJhdGVjaGJ1eXMtMjMtc3Rha2UtaW4taW5kaWEtY2VtZW50cy1mb3ItMjI2LW1u/667d75d9251525baa3d6f9ea-20240627) UltraTech Cement said on Thursday it will buy a 23% stake in rival India Cements for up to 18.85 billion rupees ($226 million), heating up a battle ...... [Read more](/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3VsdHJhdGVjaGJ1eXMtMjMtc3Rha2UtaW4taW5kaWEtY2VtZW50cy1mb3ItMjI2LW1u/667d75d9251525baa3d6f9ea-20240627) --------------------------------------------------------------- Private Equity [LeapFrog Investments promotes exec to partner role](/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xlYXBmcm9naW52ZXN0bWVudHMtcHJvbW90ZXMtZXhlYy10by1wYXJ0bmVyLXJvbGU=/667d75d9251525baa3d6f9ea-20240627) Private equity firm LeapFrog Investments, which is an investor in some homegrown lending companies such as NeoGrowth, Dvara KGFS and Electronica ...... [Read more](/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xlYXBmcm9naW52ZXN0bWVudHMtcHJvbW90ZXMtZXhlYy10by1wYXJ0bmVyLXJvbGU=/667d75d9251525baa3d6f9ea-20240627) --------------------------------------------------------------- Markets [SEBI mulls relaxing some disclosure norms for listed companies](/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYmltdWxscy1yZWxheGluZy1zb21lLWRpc2Nsb3N1cmUtbm9ybXMtZm9yLWxpc3RlZC1jb21wYW5pZXM=/667d75d9251525baa3d6f9ea-20240627) India's markets regulator is considering easing certain disclosure norms for listed companies, ranging from related party transactions to large ...... 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[Read more](/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZlZGFudGFpbi10YWxrcy13aXRoLWloYy11bml0LWludmVzdG9ycy1mb3ItemFtYmlhbi1jb3BwZXItc3Rha2Utc2FsZQ==/667d75d9251525baa3d6f9ea-20240627) --------------------------------------------------------------- General [Grapevine: Ecom Express, Aris Infra plan IPOs; General Atlantic's Naik stepping down](/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWVjb20tZXhwcmVzcy1hcmlzLWluZnJhLXBsYW4taXBvcy1nZW5lcmFsLWF0bGFudGljLXMtbmFpay1zdGVwcGluZy1kb3du/667d75d9251525baa3d6f9ea-20240627) Gurugram-based logistics company Ecom Express that counts alternative investment firms Partners Group and Warburg Pincus as its key shareholders is in...... 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[Read more](/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FzaWF0by1lbWVyZ2UtYXMtZXF1aXR5LWRlYWxzLWhvdC1zcG90LWFzLWluZGlhLWFjdGl2aXR5LXN1cmdlcw==/667d75d9251525baa3d6f9ea-20240627) --------------------------------------------------------------- /31/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25lb3Nhbi10d28tb3RoZXJzLXJhaXNlLWVxdWl0eS1mdW5kaW5nLWNlbGViYWwtc2VjdXJlcy1kZWJ0LWludmVzdG1lbnQ=/667d75d9251525baa3d6f9ea-20240627 Venture Capital [Neo San, two others raise equity funding, Celebal secures debt investment](/32/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25lb3Nhbi10d28tb3RoZXJzLXJhaXNlLWVxdWl0eS1mdW5kaW5nLWNlbGViYWwtc2VjdXJlcy1kZWJ0LWludmVzdG1lbnQ=/667d75d9251525baa3d6f9ea-20240627) Climatetech startup Neo San, precision machinery manufacturer Autocracy Machinery and sportstech startup Machaxi secured early-stage funding, while ...... [Read more](/33/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25lb3Nhbi10d28tb3RoZXJzLXJhaXNlLWVxdWl0eS1mdW5kaW5nLWNlbGViYWwtc2VjdXJlcy1kZWJ0LWludmVzdG1lbnQ=/667d75d9251525baa3d6f9ea-20240627) --------------------------------------------------------------- Venture Capital [Smartworks pulls in $20 mn from Keppel, Ananta Capital, others](/34/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NtYXJ0d29ya3NwdWxscy1pbi0yMC1tbi1mcm9tLWtlcHBlbC1hbmFudGEtY2FwaXRhbC1vdGhlcnM=/667d75d9251525baa3d6f9ea-20240627) Smartworks Coworking Space Pvt. Ltd said Thursday it has raised Rs 168 crore ($20.24 million) this year from a host of investors including existing ...... 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