Bicara Therapeutics, a clinical-stage biotechnology company developing dual-action biologics to elicit a potent and durable immune response, announced the completion of an oversubscribed $165 million Series C financing. The financing was co-led by Braidwell LP and TPG, which is investing in the company through TPG Life Sciences Innovations (TPG LSI) and The Rise Fund, with…
Poonawalla Fincorp Limited in its board meeting approved sale of its housing subsidiary Poonawalla Housing Finance Limited to TPG (Perseus SG Pte. Ltd., an entity affiliated with TPG Global, LLC) at a valuation of INR 3,900 Crores, subject to regulatory approvals. The transaction will maximize the shareholders’ value in the long term as Poonawalla Fincorp…
TPG, a global alternative asset firm, has announced that Todd B. Sisitsky has been named as President of the firm, effective immediately. Sisitsky will continue as Co-Managing Partner of TPG Capital and Co-Head of the platform’s healthcare investing efforts. As President, Sisitsky will focus on the investment activities of the firm and will work closely…
Zenoti, an enterprise cloud platform for the beauty, wellness, and fitness industries, has announced that it has raised an additional $80 million as an extension to its series D funding round. The additional investment was led by TPG, a global alternative asset firm that has invested in technology companies such as Airbnb, Kajabi, Toast, and…
Online Baby and Kids Store – FirstCry has raised $315 million from a consortium of private equity investors – ChrysCapital, TPG, and Premji Invest. Founded in 2010 by Supam Maheshwari and Amitava Saha, Firstcry is now valued at around $1.9-$2.1 billion with the recent investment. Some of the brands available on FirstCry.com include Chicco, Graco,…
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that global investment firm TPG will invest ₹ 1,837.5 crore into RRVL, a subsidiary of Reliance Industries. TPG’s investment will translate into a 0.41% equity stake in RRVL on a fully diluted basis. This marks the second investment by TPG in a subsidiary of Reliance…
Reliance Industries Limited and Jio Platforms Limited, India’s digital services platform, announced that global alternative asset firm TPG will invest ₹ 4,546.80 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. With this investment, Jio Platforms has raised ₹ 102,432.45 crore from…
Varo Money Inc, a US-based mobile banking business that helps customers cover their expenses, pay their bills, and build their wealth over time, announced it has closed a $241 million Series D round, co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG, U2 lead singer Bono and Jeff…