Macquarie Group, an Australia-based infrastructure asset manager, plans to sell its Indian renewable energy solutions company Vibrant Energy while eyewear platform Lenskart is in talks to raise private equity funds, according to reports in the Economic Times. Separately, Kratos Studios, a Web3 gaming startup, has raised $20 million in a seed funding round and acquired gaming network firm IndiGG, reported Money Control.
Macquarie plans to sell Vibrant Energy for $500m
Macquarie Group, an Australia-based infrastructure asset manager, is planning to sell its Indian renewable energy solutions company, Vibrant Energy, for $500 million in a sale managed by JP Morgan, reported The Economic Times.
Blueleaf Energy, a portfolio company owned by Macquarie’s Green Investment Group, acquired a majority stake in Vibrant Energy in 2020 from a US-based communication company, ATN International. Blueleaf Energy actively acquires and develops onshore wind and battery storage projects.
Launched in 2015, Vibrant Energy designs and develops renewable energy projects while also overseeing operations and maintenance.
Lenskart in talks with ChrysCapital to raise funds
Lenskart, an e-commerce platform for eyewear, is in talks to secure a $100-million investment from India-focused private equity firm ChrysCapital, according to The Economic Times.
The company’s early backers including Premji Invest, Kedaara Capital, TR Capital, and SoftBank were reportedly seeking to sell a portion of their stake in Lenskart to the Abu Dhabi Investment Authority in January.
Lenskart raised $39.6 million from Chiratae Ventures, DSP India Fund, and Axis Growth Avenues AIF-I, in its fifth funding round in 2022. Launched in 2010, Lenskart is a platform for eyewear and its accessories reaching out to over 1,00,000 customers a month.
Kratos Studios bags $20m in seed funding round
Kratos Studios, a Web3 gaming startup, has raised $20 million in a seed funding round and acquired gaming network firm IndiGG, reported Money Control.
US-based VC firm Accel led the round while Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara Technologies participated in the seed funding.
Meanwhile, Polygon Labs-backed IndiGG is building a Web3 gaming de-centralized autonomous organization in India.
Kratos was launched by former Nazara Technologies CEO Manish Agarwal and angel investor Ishank Gupta.