Analysis
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Gautam Adani’s family raised its stake to about 67% from 63.15%.
Deals
The company entered the paints business under the brand name ‘Birla Opus’ only recently.
Unicorns
Sharechat’s valuation had reportedly shrunk to $1.5b in end-2023 from $5b in 2022.
Venture Capital
The twin-strategy third fund aims to raise $250-300m in total.
Private Equity
The firm is looking to back companies with target valuations of $100-400m in their Series B+ stages.
The Indian firm Power will own the majority stake of 51%, while GIC will own the rest.
Silver Needle Ventures, Veltis Capital, and Atrium Angels also invested in SuperK.
Blume Founders Fund, The Gauri Khan Family Trust, Priya and John Abraham too joined.
The deal marks HealthQuad’s fourth exit from its Fund I.