Global investment firm KKR-managed fund picked a majority stake in healthcare revenue solutions provider Infinx while Singapore-based angel investment network ThinKuvate has launched its India fund. Separately, men’s apparel and fashion brand Rare Rabbit is closing its maiden institutional funding round.
KKR invests in Infinx
Global investment firm KKR’s managed fund has signed a deal to buy a majority stake in healthcare revenue solutions provider Infinx.
KKR will leverage its experience in the global healthcare and technology sectors to accelerate Infinx’s growth, expand the company’s network, and support bolt-on acquisitions.
Existing shareholder Norwest Venture Partners also participated in the transaction. Co-founded in 2012 by Sandeep Tandon and Jaideep Tandon, Infinx provides data-driven revenue cycle management solutions for the healthcare sector, with a particular focus on the US market.
ThinKuvate launches maiden India fund
Singapore-based angel investment network, ThinKuvate has launched its first India-focused fund with a corpus of Rs 100 crore ($12 million).
The India fund will target to invest in tech startups across sectors with an initial amount of up to Rs 3 crore, the firm said.
ThinKuvate aims to invest in 12–15 startups every year through this fund.
“Over the last 7 years, we have built a strong portfolio of over 22 companies in India and SE Asia. Our understanding of both the markets puts us in a unique position of facilitating international LPs’ growing interest in India,” Ritesh Toshniwal, Founding Partner, ThinKuvate, said.
The fund expects to start deploying capital in the next quarter.
Apparel brand Rare Rabbit to close major funding round
Men’s apparel and fashion brand Rare Rabbit is closing its maiden institutional funding round of Rs 500 crore led by investment fund A91 Partners, the Economic Times reported.
The fundraising will see participation from the family office of Ravi Modi, founder of Manyavar brand parent Vedant Fashions, and Zerodha co-founder Nikhil Kamath. They are likely to invest around Rs 150 crore collectively.
A91 is expected to pump in the remaining Rs 350 crore, the report said.
The transaction will see about Rs 250 crore in primary capital come into the company. The rest is a secondary share sale by the husband-wife duo of Akshika and Manish Poddar. Rare Rabbit’s valuation is pegged at Rs 2,200 crore.