Global private equity firm Actis has bought Stride, while cloud kitchen platform Curefoods is set to raise around $6.6 million in debt.
Actis buys Stride to boost green energy plans in India
Global private equity firm Actis has acquired a 100% stake in Stride Climate Investments from a fund managed by Macquarie Asset Management, according to a press release.
Actis will now own Gujarat-based Stride’s 371MW portfolio of operating solar PV assets spread across 21 projects in seven states, majorly in Gujarat.
Since inception, Actis has invested more than $7.1 billion in Asia across different strategies. As an energy investor, it has built or operated more than 8GW of installed capacity in the region, including more than 5.5GW of renewables. With this deal, Stride has joined BluPine Energy and Athena Renewables to become Actis’s third energy generation platform in India.
Curefoods raises $6.6m debt funding
Cloud kitchen brand Curefoods is raising around $6.6 million (Rs 56.4 crore) in debt funding led by BlackSoil Group, with participation from existing investor Binny Bansal, according to a report by Entrackr. The startup plans to use the proceeds for its working capital requirements and business expansion.
The company has passed a special resolution to issue 1,000 non-convertible debentures at an issue price of Rs 5,00,000 each to BlackSoil, raising Rs 50 crore; and 595 compulsory convertible debentures to Binny Bansal worth Rs 6.4 crore.
Curefoods runs over 100 kitchens in more than 200 locations in India and operates brands like EatFit, Olio Pizza, and Krispy Kreme, among others.
