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PE, VC deals dip; funding declines to $470 mn

Mint Bangalore

|

January 27, 2025

Deal activity moderated in the week gone by, as funding levels as well as transaction size declined compared to the previous week.

- Nitesh Kumar & Aman Rawat

Private equity (PE) and venture capital (VC) firms clocked over 32 transactions during the week ended 24 January, up from 29 deals last week, but the total capital raised fell to $470 million from $700 million, as per VCCEdge, the data intelligence arm of VCCircle.

The actual funding tally could be higher as some deal values remain undisclosed.

FLERE HISTORIER FRA Mint Bangalore

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Advent exits Aditya Birla Cap, nets 2.5x

US private equity firm Advent International Corp. on Wednesday sold its entire 2% stake in Aditya Birla Capital Ltd (ABCL) via a block deal, raising about ₹1,638-1,640 crore.

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MARKETS LOOK TOPPY, GOLD LOOKS TIRED—HERE'S HOW TO STAY INVESTED SMARTLY

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Is PoA valid to sell a property if owner loses mental capacity?

Six months ago, my father gave me a registered power of attorney (PoA) to sell his property. He slipped into a coma last month. Can I still sell it under that PoA? —Name withheld on request

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India, EU to push trade talks on steel, carbon tax issues

India and the European Union (EU) have agreed to continue discussions on issues pertaining to steel, auto, and carbon tax, as these areas carry higher sensitivities, under the proposed free trade agreement, the commerce ministry said on Wednesday.

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Varun Beverages surges 9% on Carlsberg deal despite weak Q2

Shares of PepsiCo bottler Varun Beverages surged over 9% on Wednesday after the company announced an exclusive distribution partnership with Carlsberg Breweries for select southern African markets.

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Follow your nose down the bylanes of history

‘The Secret Power of Scent’ takes visitors on a 1,000-year journey

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'Akasa will look at IPO in next 2-5 yrs'

Akasa Air will look at an initial public offering (IPO) in the next two to five years, its founder and chief executive officer Vinay Dube said on Wednesday and asserted that the airline will not chase “growth for the sake of growth”.

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Govt preps debt recast plan for discoms

Drugmakers face bans for fake claims as govt set to tweak rules

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Bougatsa is a Greek breakfast worth waking for

This custard-filled treat, which dates back to the time of the Byzantine Empire, is a delicious slice of Athens life

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Silver premiums fall as demand eases

Silver premiums in India have fallen sharply as demand eased following the last two weeks’ festive rush, prompting potential buyers to delay purchases, bullion dealers told Reuters.

time to read

1 min

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