Paramita Chatterjee

Gurgaon

Editor @DealStreetAsia and Guest faculty at IIMC @iimcdkl. Previously with @EconomicTimes, @Forbes_India, @BWBusinessworld. Views expressed are personal

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Articles

360 One Asset invests nearly $20m in Indian hospital chain Paras

3 days ago | dealstreetasia.com | Paramita Chatterjee

360 ONE Asset, a wholly-owned subsidiary of 360 ONE WAM, has completed an investment of Rs 170.60 crore (roughly $19.8 million) in Paras Healthcare, a multispecialty hospital chain in north India. The transaction includes both primary capital infusion and a secondary component, including a partial exit by an existing investor, per a statement.
India's Tenet Diagnostics eyes stake sale to fund growth plans, taps Veda for process

5 days ago | dealstreetasia.com | Paramita Chatterjee

Tenet Diagnostics, which offers both radiology and pathology services, is looking to sell a stake in the company to raise capital for its expansion plans. Register now to enjoy 3 free articles per month, or log in to continue reading. Stay informed with complimentary articles each monthGain access to our exclusive newsletters delivered directly to your inboxBe the first to know about all our summits!Register nowAlready a Subscriber?
Beyond The Buyout: From exits to endurance

1 week ago | dealstreetasia.com | Paramita Chatterjee

In this edition, we look at the discount retail segment that has proved to be a strong investment thesis for investors such as Creador; India’s local LPs backing evergreen and resilient themes; and the growing appetite for continuation vehicles.
Indian D2C menswear brand Snitch to raise $33m led by 360 ONE Asset

1 week ago | dealstreetasia.com | Paramita Chatterjee

Snitch, a D2C menswear fashion brand in India, is close to raising Rs 278.93 crore ($33 million) led by 360 One Asset Management Fund, per a report by Entrackr. The round also saw the participation of existing investors SWC Global and IvyCap Ventures. Established in 2019, Snitch offers trendy and affordable apparel for men–the company runs close to 60 physical stores across the country, with a presence in cities such as Mumbai, Delhi, and Gujarat, besides its headquarters Bengaluru.
Dhan in talks to raise $200m from ChrysCapital, Alpha Wave, MUFG: Report

1 week ago | dealstreetasia.com | Paramita Chatterjee

Dhan, an online stock trading and investment platform headquartered in Mumbai, is in talks to raise a $190-200 million funding round from a host of foreign and domestic investors, according to a report by The Economic Times. The round will be led by homegrown PE giant ChrysCapital, with the participation of foreign players such as Alpha Wave and Mitsubishi UFJ Financial Group (MUFG).
IFC proposes to invest $30m in L Catterton's debut India fund

1 week ago | dealstreetasia.com | Paramita Chatterjee

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an equity investment of up to $30 million along with a co-investment envelope of up to another $30 million in L Catterton’s debut India fund, according to a disclosure. The LVMH-backed private equity (PE) major, considered the world’s largest consumer-focused investment platform, is currently on the road to raise about 600 million, the disclosure added.
KKR on road to raise third and largest Asia infrastructure fund: Report

1 week ago | dealstreetasia.com | Paramita Chatterjee

Global private equity giant KKR is said to be raising its third and largest Asia infrastructure fund, with a targeted corpus exceeding $9 billion. According to a Mint report, the firm has already secured commitments for the fund’s first close and could make an announcement soon. India is anticipated to receive a significant portion of the investments, potentially accounting for up to 30% of the total corpus, consistent with allocations from KKR’s previous Asia infrastructure funds, Mint stated.
Indian value fashion retailer Citykart raises $63m from TPG NewQuest, A91 Partners

1 week ago | dealstreetasia.com | Paramita Chatterjee

Indian value fashion retailer Citykart has raised as much as Rs 538 crore ($63 million) in a Series B funding co-led by TPG NewQuest, a secondary PE platform for Asia within the TPG group, and A91 Partners, a domestic investment firm specialising in growth investments. The development marks one of the largest investments in the country’s budget apparel segment to date, according to media reports.
India Digest: Stable Money, OpenFX raise funds

1 week ago | dealstreetasia.com | Paramita Chatterjee

Stable Money, a wealth tech startup in India, has amassed $20 million in a series B funding round, led by The Fundamentum Partnership Fund. Separately, OpenFX, a next-generation financial infrastructure company, has amassed as much as $23 million in a seed round. Stable Money, a wealth tech startup in India, has amassed Rs 173 crore ($20 million) in a series B funding, led by The Fundamentum Partnership Fund, per a report by Tech in Asia.
Users, employees left in the lurch as farm-to-consumer startup Otipy shuts down

1 week ago | dealstreetasia.com | Paramita Chatterjee

Otipy, a community group-buying startup based in Delhi-NCR that linked consumers with fresh farm produce and everyday essentials, ceased operations following an unsuccessful attempt to close a vital $10 million funding round. According to media reports, the collapse was set in motion when India’s Hero family office unexpectedly pulled out from the funding at the last minute, plunging the startup into a sudden cash crunch, leaving around 300 employees in the lurch.