Infra.Market secures $50 million additional funding from Mars Growth Capital
MARS Growth Capital
, a joint venture between
Liquidity Group
and
MUFG Bank
, has extended terms of the existing financing of $100 million in
Infra.Market
by another five years and also enhanced the financing amount by an additional $50 million.
Northcote Luxe FinBrokers
were the advisors to Infra.Market for this transaction.
This is company's second fund raising for the year. It had raised approximately $125 million in series D financing round earlier this year.
Founded in 2016, Infra.Market is a building materials platform.
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Business Standard
05-08-2025
- Business Standard
Rupee at risk of all-time low after Trump ups tariff threat on India
The Indian rupee may drop past 88 to the US dollar to an all-time low on Tuesday after US President Donald Trump threatened steeper tariffs on Indian goods, worsening fragile sentiment and stoking concerns of more foreign outflows. The 1-month non-deliverable forward indicated the rupee will open in the 88.00 to 88.04 range versus the US dollar, down from 87.6550 on Monday. The rupee's previous record low was 87.95, touched in February. Trump again threatened to substantially raise tariffs on Indian goods, citing India's continued purchases and resale of Russian oil. India's foreign ministry responded, saying it will take all necessary steps to protect its national interests and economic security. "Whether these barrage of comments are mainly negotiating tactics against India to partly prod for changes in the Russia-Ukraine war remains to be seen," MUFG Bank said in a note. Trump had already imposed higher-than-expected 25% tariffs on Indian imports last week, while US officials continue to highlight multiple hurdles that are delaying a trade deal with India. Sentiment on the rupee has been fragile due to the hefty tariffs on Indian goods. On Monday, the pressure intensified, with the rupee falling despite the dollar weakening broadly. On Monday, the rupee failed to hold on to an intraday recovery to near 87.20. "Today was already shaping up to be a difficult session (for the rupee), and Trump's latest tariff threat only amplified the pressure," a senior trader at a private bank said. "I'd fully expect the Reserve Bank of India to step in - they won't want to let the rupee depreciate unchecked, especially in the face of US rhetoric." He warned that overseas outflows from Indian equities may gather pace in response to rising trade tensions with the US Key Indicators: One-month non-deliverable rupee forward at 88.14; onshore one-month forward premium at 12 paise Dollar index up at 98.82 Brent crude futures down 0.1% at $68.7 per barrel Ten-year US note yield at 4.2% As per NSDL data, foreign investors sold a net $165.5mln worth of Indian shares on Aug 1
Mint
05-08-2025
- Mint
Rupee at risk of lifetime low after Trump ups tariff threat on India
MUMBAI, August 5 (Reuters) -The Indian rupee may drop past 88 to the U.S. dollar to an all-time low on Tuesday after U.S. President Donald Trump threatened steeper tariffs on Indian goods, worsening fragile sentiment and stoking concerns of more foreign outflows. The 1-month non-deliverable forward indicated the rupee will open in the 88.00 to 88.04 range versus the U.S. dollar, down from 87.6550 on Monday. The rupee's previous record low was 87.95, touched in February. Trump again threatened to substantially raise tariffs on Indian goods, citing India's continued purchases and resale of Russian oil. India's foreign ministry responded, saying it will take all necessary steps to protect its national interests and economic security. "Whether these barrage of comments are mainly negotiating tactics against India to partly prod for changes in the Russia-Ukraine war remains to be seen," MUFG Bank said in a note. Trump had already imposed higher-than-expected 25% tariffs on Indian imports last week, while U.S. officials continue to highlight multiple hurdles that are delaying a trade deal with India. Sentiment on the rupee has been fragile due to the hefty tariffs on Indian goods. On Monday, the pressure intensified, with the rupee falling despite the dollar weakening broadly. On Monday, the rupee failed to hold on to an intraday recovery to near 87.20. "Today was already shaping up to be a difficult session (for the rupee), and Trump's latest tariff threat only amplified the pressure,' a senior trader at a private bank said. "I'd fully expect the Reserve Bank of India to step in — they won't want to let the rupee depreciate unchecked, especially in the face of U.S. rhetoric." He warned that overseas outflows from Indian equities may gather pace in response to rising trade tensions with the U.S. KEY INDICATORS:** One-month non-deliverable rupee forward at 88.14; onshore one-month forward premium at 12 paise ** Dollar index up at 98.82 ** Brent crude futures down 0.1% at $68.7 per barrel ** Ten-year U.S. note yield at 4.2% ** As per NSDL data, foreign investors sold a net $165.5mln worth of Indian shares on Aug. 1 ** NSDL data shows foreign investors bought a net $223.7mln worth of Indian bonds on Aug. 1 (Reporting by Nimesh Vora; Editing by Mrigank Dhaniwala)
Mint
31-07-2025
- Mint
Neo raises ₹750 crore in first close of secondaries fund, targets ₹2,000 crore
Neo Asset Management has announced the first close of its new private equity vehicle, the Neo Secondaries Fund (NSF), raising approximately ₹ 750 crore towards a target corpus of ₹ 2,000 crore, according to a press release. The Sebi-registered Category II Alternative Investment Fund (AIF) is focused on acquiring secondary stakes in unlisted Indian companies that have strong financials and clear exit visibility within 2–4 years. Led by Nitin Agarwal, a veteran in secondaries and private equity, NSF is designed to provide liquidity to existing investors and faster returns to new entrants, targeting profitable, late-stage companies in high-growth sectors such as consumer, technology, and AI/analytics. With three deals already closed and more in the pipeline, the fund reflects the rising appetite for secondary transactions in India's evolving private markets. Neo Asset Management, part of the Neo Group, currently manages over ₹ 13,500 crore in AUM across private equity, credit, and infrastructure, according to a company release. The firm is the alternative asset management arm of Neo Group, an integrated Indian wealth and alternatives platform backed by Peak XV Partners, MUFG Bank, and Euclidean Capital. Based in Mumbai, Neo caters to institutional clients, family offices, ultra-high-net-worth individuals (UHNIs), and pension and insurance funds, offering capital solutions across private credit, real assets, and secondary private equity strategies. As of mid-2025, the group claims to manage ₹ 40,000 crore across its wealth and asset management platforms, including ₹ 11,500 crore within its asset management arm and ₹ 2,000 crore in net equity. Despite its rapid scale-up, Neo has adopted a capital-efficient approach, with all funds from its ₹ 400 crore ($48 million) Series B round, raised in 2024 from MUFG Bank and Euclidean Capital, still unspent, according to media reports. The firm has also launched multiple Sebi-registered Category II AIFs, including the NSCOF-II, a private credit fund that lends to Ebitda-positive companies with hard asset backing, tailored to meet growing liquidity and structured financing demand in India's private markets. Since 2023, Neo Asset Management has scaled rapidly through a series of targeted AIF launches and fundraises. It began with a $35 million ( ₹ 300 crore) Series A in October 2023 from Peak XV Partners, followed by a ₹ 32 crore private placement in July 2024. In August 2024, it raised ₹ 400 crore ($48 million) in Series B, led by MUFG Bank and Euclidean Capital.
