buyout

Weaver Services scouts for buyout targets as launch nears

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Premji Invest and Gaja Capital-backed housing finance company Weaver Services has received investor commitments of ₹1,500 crore and will start operations before the end of this month, founder Satrajit Bhattacharya said. Weaver Services, which acquired Capital India Home Loans Ltd for ₹267 crore in October, is scouting for two more mortgage lenders, said Bhattacharya, who … Read more

CleverTap’s Leanplum buyout triggers layoffs, top deck exits three years on

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Nearly three years after acquiring US-based Leanplum to power its global expansion, Peak XV Partners-backed software company CleverTap is grappling with integration challenges that have triggered top-level exits, layoffs, and liquidation of the acquired entity, multiple people told Mint. CleverTap confirmed the layoffs, executive exits, and Leanplum’s liquidation, but maintained that the restructuring had largely … Read more