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Bringing you the latest updates on funding deals and activities in the Asia Pacific.
Fintech startup Dexif, business-to-business-to-consumer fresh fruit platform Fresh From Farm, consumer brand Kyari, apparel marketplace Culture Circle and Plotline secured early-stage funding, the companies said ......
ITC: Buyout funds KKR, TA Associates and Apax are among others that have been tapped since Peak XV initiated a plan to fully exit its nearly 13-year-old investment in Prataap and hired Deutsche Bank to sell the company. The transaction if successful will trigger an open offer for an additional 26% of the Indore-based company, which has been a laggard ever since its stock market debut in 2017 when it listed at a 33% premium. Prataap ended 1% down at ₹1,174.45 for a market value of ₹2,802.19 crore on Wednesday.
Peak XV Partners, formerly known as Sequoia Capital India, owns around 47% of Prataap Snacks.
Prataap Snacks, a Rs 850-crore company, was founded in 2003 by brothers Amit and Apoorva Kumat and their friend Arvind Mehta.