Investigations reveal involvement of Blackstone, Dorf Ketal, India Quotient, among others, as prominent figures in recent news reports
In the dynamic world of business, several significant developments have taken place recently. Here's a roundup of some of the key news from the Indian market:
- Fundraising Milestone: India Quotient, a Mumbai-based venture capital firm, has closed its fifth and largest fund. The exact amount raised has not been disclosed yet.
- IPO Plans: Pine Labs, a leading merchant commerce platform, is gearing up for its Initial Public Offering (IPO). The planned date for this event is set for October 2025.
- Acquisition News: Mumbai-based Dorf Ketal is negotiating its largest-ever acquisition, of Italy's Italmatch Chemicals. The acquisition is from Bain Capital.
- Profitability and Growth: Omidyar-backed Masai School, an edtech startup, has turned profitable and aims for over two-fold growth in FY26 revenue.
- Advanced Talks: Blackstone is in advanced talks to acquire the India operations of renewable energy firm Zelestra. The details of the deal are yet to be finalised.
- Venture Discussions: WestBridge is in discussion for an unspecified venture. More details about this are awaited.
- Business Updates: Carlsberg, Serentica, Statkraft, Prosus, JSW Neo Energy, Warburg Pincus, and Finnable are in the news but the details of their respective updates are not yet available.
- Investment Activity: TA Associates, PayU, and IL&FS Group are not in the news with specific updates at this time. However, these entities have been active in the investment landscape and are expected to make headlines soon.
These developments underscore the vibrancy and potential of the Indian business sector, with various companies making strategic moves to grow and expand their operations. Stay tuned for more updates as these stories unfold.
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