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In Brief
Tuesday, 25 May 2021 14:17 Private equity / VC
Home services firm Urban Company has been valued at $2 billion, more than double from late 2018, after raising a $188-million round led by Prosus Ventures (Naspers), as per regulatory filings accessed via Tofler.
Backed by marquee investors, Urban Company’s valuation rose up to USD 2 billion following the latest funding round, to become India’s 12th startup to enter the coveted unicorn club.
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In Brief
Monday, 17 May 2021 18:18 Corporate M&A
“CDC Group, the UK’s development finance institution and impact investor, NIIF and EverSource Capital managed GGEF announced additional equity funding of USD 70 million, USD 284 million and USD 36 million respectively in Ayana Renewable Power (Ayana), a leading Indian renewable energy platform, a statement said.” reported The Economic Times.
With the transaction, CDC will have acquired more than 30% stake in Ayana, whereas NIIF is set to become the majority shareholder in the company.
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In Brief
Monday, 17 May 2021 18:09 Private equity / VC
Brighton Park Capital and Indegene, the Bangalore-headquartered enterprise healthtech solutions provider, today announced that Carlyle and Brighton Park Capital will acquire minority stakes in the company for US$200 million. The transaction, which is subject to customary regulatory approvals, consists of a secondary sale from existing shareholders of Indegene and a primary investment into the company.
AZB & Partners advised the investor Qatar Holding LLC, an affiliate of the Qatar Investment Authority led by a team of partners Ashwath Rau, Atreya Bhattacharya and Bharat Budholia, senior associates Raina Upadhyay and Gaurav Bansal.
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In Brief
Wednesday, 05 May 2021 16:24 Corporate M&A
“Nykaa Fashion, the fashion e-commerce platform of Nykaa, on Monday announced the acquisition of online jewellery brand Pipa Bella.”, reported Mint. Post acquisition, Pipa Bella is expected to continue operating independently through its own website as well as extend its products to the Nykaa Fashion platform.
AZB & Partners advised
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