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Sequoia-backed Prataap Snacks on the block; Varde may back GMR

VCCircle · 1y

Prataap Snacks, the maker of Yellow Diamond Chips, is reportedly in discussions to sell a controlling stake, with Sequoia Capital leading the transaction. The founders, Mehta and Kumat families, may also be involved in the stake sale. Meanwhile, Varde Partners is considering investing in GMR Airports' upcoming bond sale. Fintech unicorn Slice is seeking $100 million in equity funding for the merged entity with North East Small Finance Bank. However, an investment deal between Walmart-backed PhonePe and Dunzo's merchant network business did not progress due to concerns about majority ownership by Walmart.