Deals
Hexa Climate also plans to invest $500m to expand its renewable energy platforms.
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Shein weighs restructuring US operations as tariff risks cloud London IPO: report
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TikTok to invest $1.14b to build its first data centre in Finland
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India Digest: Fortum sells India unit to Hexa Climate; The Souled Store buys Red Wolf; Kult raises funds
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Rocket Internet-backed Flash Coffee secures $3m to double down on Indonesia
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BII names ex-Omdiyar partner Shilpa Kumar as its new India head
More Stories
Multiples ropes in global LPs to raise over $400m for continuation fund
Franklin Templeton raises $24m in first close of debut India credit fund
India’s Saimirra Innopharm raises funds from Piramal Alternatives
Grab reports 18% revenue growth, $10m profit in Q1
Temasek’s Gabriel Lim appointed CEO of Seviora
Climate Tech & ESG
Kumar will oversee the deployment of climate finance and inclusive growth investments.
The investment will help Ace Designers expand its product portfolio.
Analysis
Rakuten currently employs 4,000 people in India—90% of whom are tech staff.
IPOs & Markets
The GIC- and Tiger Global-backed company is seeking a valuation of $1.4b.
Private Equity
ChrysCapital, Anicut, and Sauce.vc have also raised continuation vehicles in India.
The deal marks ALTÉRRA’s first co-investment since its launch at COP28.
Policy & Regulations
The agency’s queries come in the backdrop of India and the US nearing a trade deal.
The company also plans to open 20 to 25 stores to reach 100 locations by the year-end.
Private Credit
The fund will invest across debt securities, including primary issuances and secondary market purchases.
