Innoz co-founder’s mobile messaging concierge Lookup gets $160K from Kris Gopalakrishnan
Lookup, a free messaging app -- developed by Deepak Ravindran, co-founder and former CEO of SMS-based search engine services startup Innoz Technologies -- that enables consumers to chat with local businesses and shops, has received Rs 1 crore (over $160,000) in funding from Infosys co-founder Kris Gopalakrishnan.Lookup, run by Bangalore-based ......
Apollo Hospitals may tap PE firms for $250M expansion plan
Apollo Hospitals Enterprise Ltd, the country's top hospital firm, has said it may look to rope in private equity investors to back its expansion plan which entails an investment of around Rs 1,500 crore (under $250 million) to add capacity in the next two years.Prathap C Reddy, founder and chairman ......
Mindtree founders in talks to sell stake; China’s Gionee divesting India unit
The promoters of mid-size IT services firm Mindtree Ltd are in early talks with Japanese IT company NEC Corporation and a large global private equity fund to sell their entire stake in the company, Mint reported citing two people in the know.As on 31 March 2018, the promoters held 13.37% ......
Ola, two VC firms back scooter rental startup Vogo
The parent of online scooter rental platform Vogo has raised $7 million (Rs 45.5 crore) in funding led by homegrown ride-hailing major Ola.According to a report in The Economic Times, venture capital firms Stellaris Venture Partners and Matrix Partners also contributed to the investment in Bengaluru-based Vogo Automotive Pvt. Ltd.An ......
Temasek to invest $250 mn in IT services firm UST Global
Singapore state investment firm Temasek has acquired a minority stake in US-based digital and IT services firm UST Global Inc., the latter said in a statement on Wednesday.Both companies did not disclose the deal value and Temasek’s holding.However, a spokesperson from UST Global told VCCircle in an emailed response that ......
DSG Consumer Partners, others to invest more in fintech firm IndiaLends
GC Web Ventures Pvt. Ltd, which operates online lending marketplace IndiaLends, is in the process of raising Rs 63.9 crore (around $9.3 million at current exchange rates) in fresh capital, two people with direct knowledge of the matter told VCCircle.Existing investors DSG Consumer Partners, American Express Ventures and Chinese investment ......
Impact investor Unitus Ventures strikes new health-tech bet
Social impact investment firm Unitus Ventures, which marked the first close of its second fund earlier this year, has invested in a health-tech company, a person familiar with the development told VCCircle.Unitus Ventures has invested in medical technology company Cyclops Medtech Pvt Ltd, the person said on condition of anonymity. ......
Nexus Venture Partners backs e-logistics startup Pando
Bengaluru-based logistics portal Pando Corp Pvt. Ltd has raised $2 million (Rs 13.08 crore) in a seed round led by Nexus Venture Partners.The startup, which digitises logistics operations for large corporates, will use the money for product development and fresh hiring.Pando’s first external round of funding will also see the ......
UPL consortium eyes Arysta LifeScience; Temasek, Tencent may invest in FirstCry
Indian agrochemical major UPL Ltd has joined hands with sovereign wealth fund Abu Dhabi Investment Authority and other investors to acquire the agricultural pesticides business of NYSE-listed Platform Specialty Products Corp., Bloomberg reported citing people aware of the development.The Arysta LifeScience deal could generate more than $4 billion including debt, ......
Government panel to come with report on net neutrality in a month
Amid a raging debate over equal Internet access, the government of India on Monday said an expert panel is looking into net neutrality issues and a report is expected by mid-May even as anti-trust watchdog CCI might launch a probe into the matter.As telecom operators, start-ups, politicians and film stars ......
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