India-focused private equity firm Jashvik Capital has scored the first close of its maiden $350 million fund, according to various media reports. The fund is understood to be scouting for profitable growth businesses in the healthcare, pharma and consumer sectors. Jashvik Capital anticipates to close its inaugural fund, which was announced in July, within a year.… Continue reading India-focused PE Jashvik Capital holds first close of $350m maiden fundJashvik Capital launched the fund in July and expects to close within a year.
Category: Tech News
Category Added in a WPeMatico Campaign
KKR said to have raised $6b for biggest Asia infrastructure fund
KKR & Co Inc has raised nearly $6 billion for its second Asia Pacific infrastructure fund at the first-close, marking the biggest ever private equity fundraising for the sector in the region, two sources familiar with the matter told Reuters. The record commitments to the fund just seven months after its launch underscores investors’ appetite to buy into diversified infrastructure assets at a time when soaring inflation and higher… Continue reading KKR said to have raised $6b for biggest Asia infrastructure fund
Shanghai food supplier’s books reveal big profits under COVID crisis
The profitability surge of a Shanghai food supplier seeking a Hong Kong listing, disclosed in an exchange filing, gives a rare peep under the hood into a cohort of Chinese companies that have benefited from President Xi Jinping’s zero-COVID policy. Pang Pang Xiang (China) Company Ltd saw its gross profit margin surge to more than 50% in January-May, compared with roughly… Continue reading Shanghai food supplier’s books reveal big profits under COVID crisis
Private investment platform Moonfare’s AUM up 87% YoY to $2.18b
Digital private equity platform Moonfare announced that its assets under management (AUM) grew by 87% year-on-year to €2.18 billion ($2.18 billion) in the year ending September 2022. In a statement, the Berlin-based firm said the increase in its AUM was driven by the growing number of individual investors, who take refuge in private markets amid… Continue reading Private investment platform Moonfare’s AUM up 87% YoY to $2.18b
Tesla Powerwall powered 44,000 homes in Puerto Rico during latest grid outage
Tesla Powerwall was powering 44,000 homes in Puerto Rico during the latest island-wide grid outage due to a hurricane. The number of Powerwalls on the island is much higher than expected. In 2017, Puerto Rico’s power grid was badly destroyed by a strong hurricane. At the time, Tesla had somewhat recently launched its energy division… Continue reading Tesla Powerwall powered 44,000 homes in Puerto Rico during latest grid outage
Cleantechnica: How The Southern US Benefits From Federal Funding For Climate Action 002344
Many southern US voters simply don’t realize how much their elected leaders are taking advantage of federal funding for clean energy initiatives. It’s important to make the wealth of monies being funneled into southern US states transparent. In that way, voters in the important upcoming midterm elections can better understand how their communities benefit from… Continue reading Cleantechnica: How The Southern US Benefits From Federal Funding For Climate Action 002344
Cleantechnica: Let’s Talk More About Battery Longevity 002343
In another recent article, our friend Barry discussed the need for standards in battery longevity if consumers are going to adopt EVs. I agree that there needs to be not just a standard, but a good standard. I’d like to add some of my thoughts to the conversation and provide some ideas on how we… Continue reading Cleantechnica: Let’s Talk More About Battery Longevity 002343
Scientists Find That Gamers Are Indeed More Racist and Sexist Than Normies
No, it’s not just your imagination — self-identified “gamers” are indeed more racist and sexist than the general populace. But now there’s science backing up the obvious. “When the gamer identity is very core to who you are as a person, that seems to reflect what we call toxic gamer culture, tends to reflect more exclusion… Continue reading Scientists Find That Gamers Are Indeed More Racist and Sexist Than Normies
Elon Musk has begun his takeover of Twitter
After months of legal drama, Elon Musk has begun his takeover of Twitter, according to The Wall Street Journal and The Washington Post. His first move was to fire CEO Parag Agrawal, Chief Financial Officer Ned Segal and other top execs. Musk is taking the reins just ahead of a Friday deadline to complete the deal.… Continue reading Elon Musk has begun his takeover of Twitter
Apple turns healthy profit despite weak iPad sales
Apple seems to be weathering the financial storm, albeit with a few hitches. The company reported a record high revenue of $90.1 billion in its fiscal fourth quarter, with a net profit of $20.7 billion. While those were only slight increases versus the same period last year (revenue was up ‘just’ 8 percent), they came… Continue reading Apple turns healthy profit despite weak iPad sales