Leap Green Energy appoints Barclays for up to $400m fundraising mandate


Founded in 2006, Leap Green is promoted by former Formula 1 driver Narain Karthikeyan’s family.

Canada’s CDPQ ups Azure Power stake to 40% with $100m fresh infusion

With this, CDPQ’s total investment in the Indian solar power producer stands at $240 million.

India Dealbook: BigBasket buys RainCan; OYO enters Indonesia; Mynvax, Asiaville raise funds

RainCan app will be rebranded as BBdaily and will offer subscription-based services

India: Tata Sons said to be in early talks to buy debt-laden Jet Airways stake

Tata has sought management control of Jet Airways, seeking at least 26% initially and another 26% via an open offer later.

India-focused PE fund Zephyr Peacock raises $33m for fourth fund

The company is reportedly looking to raise around $125-150 million for its fourth fund, with a focus on sectors such as financial services, food and agriculture, infrastructure and services.

Fashion startup Universal Sportsbiz raises $13.5m in Accel-led round

The new round of investment values the company at $160 million (Rs 1,200 crore), against $100 million last year.

India: Swiggy close to raising $900m in fresh funding from Naspers, Tencent

While RB Investments and Bessemer Venture Partners may sell out completely in the round, Accel Partners is looking to partially exit its shareholding. 

UK’s Entrepreneur First sets aside $20m to build deep-tech startups in India

Entrepreneur First has launched a six-month programme in Bengaluru to help build 50 deep-tech startups in AI, machine learning and robotics.

India: IvyCap Ventures launches angel fund to capture early-stage opportunities

IvyCap is targeting a corpus of up to $8 million for the fund that will invest only in seed and pre-series A rounds.

India: Sebi asks Fortis Healthcare to recover $55m from founders, eight firms

Fortis accepted an investment offer from Malaysia’s IHH Healthcare Bhd  in July after an extended bidding war for control of the company.