Incred Alternative Investments, the alternative asset management unit of InCred Capital, has marked the first close of its maiden private equity fund.
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Launched late last year, InCred Growth Partners Fund – I (IGPF – I) has garnered capital commitments of over INR 330 Cr in the first close, with a target of final close at INR 500 Cr.
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The fund aims to invest in growth and late-stage companies across consumer, financial services and enterprise or technology sectors with an average ticket size of INR 40-80 Cr.
After nearly a decade in India, food delivery is finally a profitable business. But it’s not just Zomato — Swiggy, too, is close to cracking profitability.
Zomato’s second consecutive profitable quarter shows that the company in particular has figured it out.
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The Deepinder Goyal-led company capitalised on the revenue momentum in FY24 and seems poised to become a profit-making machine based on what we have seen this year.
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The food delivery race has been fuelled for nearly a decade by VC money, but it seems the duopoly will now rely on cash generated by the business.
.@CCI_India has reportedly made a change in its interpretation of the ‘relevant market’, leading to several digital platforms facing #antitrust probes.
The tech giant has been investing in India’s digital ecosystem with the help of the #Google for India Digitisation Fund, investing a total of upwards of $5 Bn in @reliancejio and @airtelindia. 💰
#Google invested about a billion dollars in Bharti #Airtel in 2022, acquiring a nominal stake in the telecom player while also putting a part of the investment towards smartphone affordability programs. 📲