Leading Indian and Global Investors adopt WinPE s Charter for gender diversity aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
KKR s India NBFC, InCred set for all-stock merger
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KKR will end up owning 33-35% of the entity that will emerge from the merger of KKR India Financial Services and InCred, while InCred and its promoters will own the rest.
Reuters
The KKR India-InCred merger will value KKR India Financial Services (KIFS) at about Rs 6,000 crore, a fourth of its valuation in 2018 when it had plans for a public issue.
KKR & Co. has agreed to an all-stock merger of its India lending unit KKR India Financial Services (KIFS) with InCred, a shadow bank promoted by former Deutsche Bank officials, ending nearly 10 months of negotiations, said people aware of the matter.
KKR India NBFC, InCred set for all-stock merger indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
TenderCuts, an omnichannel meat and seafood brand, has raised Rs 110 crore ($15 million) in a round led by Paragon Partners, a mid-market PE fund founded by Siddharth Parekh and Sumeet Nindrajog with participation from NABVENTURES, a agri-food tech VC fund backed by NABARD. The funding will allow TenderCuts to expand its current operations and pursue organic and inorganic growth opportunities. The company will also be able to scale up its supply chain and technology infrastructure to support innovation and accessibility of its products and services. Founded in 2016 by Nishanth Chandran, TenderCuts provides freshly cut meat and seafood to customers through its neighbourhood stores, which cater to both walk-in customers and online shoppers.
TenderCuts raises ₹110 crore
February 08, 2021
Funding for omnichannel meat and seafood brand led by Paragon Partners, with participation from NABVENTURES City-based TenderCuts, an omnichannel meat and seafood brand, has raised ₹110 crore ($15 million) in a round led by Paragon Partners, a mid-market PE fund, with participation from NABVENTURES, an agri-food tech VC fund backed by NABARD.
The funding will allow TenderCuts to expand its current operations and pursue organic and inorganic growth opportunities. The funds will also allow the company to invest in scaling up its supply chain and technology infrastructure to support innovation and accessibility of its products and services, says a company press release.