In the deals space, Gurgaon-based cloud telephony firm Knowlarity raised $20 million in a Series C round with equity and debt components from Delta Partners, Mayfield Fund and others.
The week also saw real estate portal Housing.com get $5 million in a bridge round of funding from its lead investor Japan’s Softbank group.
In the M&A space, Sun Pharma acquired an 85.1% stake in Russian pharmaceutical company Biosintez for $60 million. In an another deal involving a pharma company, Cipla made an exit from its 16.7% stake in US-based Chase Pharmaceuticals following its acquisition by a subsidiary of Allergan Plc.
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Also, Subash Chandra’s Essel Group acquired the radio and television broadcasting businesses of Anil Ambani’s Reliance Broadcast Network. The M&A activity in startup space have seen online classifieds firm Quikr India acquiring Bengaluru-based online rental platform Grabhouse.com and Chennai-based online pharmacy Netmeds.com buying Gurgaon’s hyperlocal drug delivery app Pluss.
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