Sachin Tendulkar-backed Universal Sportsbiz raises $15 mn from Accel
US-based venture capital firm Accel Partners has invested about $15 million (Rs 100 crore) in Sachin Tendulkar-backed ......
Xander Finance hires Rajeev Radhakrishnan from Goldman Sachs as CFO
Global investment firm The Xander Group Inc has hired Rajeev Radhakrishnan as chief financial officer (CFO) for its Indian NBFC arm, Xander Finance, the company said in a release.Radhakrishnan joins Xander from Goldman Sachs, a global investment bank, where he worked for eight years and held various roles in Bangalore, ......
Blume, Healthquad lead investment round in health-tech startup THB
Clinical research and data analytics startup THB, operated by Sekhmet Technologies Pvt Ltd, has raised $2.1 million (Rs 14 crore) in a round led by early-stage venture capital firm Blume Ventures and healthcare-focused VC firm Healthquad, a company statement said.Fireside Ventures, a consumer-focused venture fund; Apoorva Patni, son of Patni ......
Brand value, ability to generate cash flows key while valuing firms: VCCircle Summit
A strong brand, a reliable distribution network and the ability to generate cash flows are among the key parameters investors focus on when valuing a consumer-centric company, said panellists at News Corp VCCircle Consumer Investment Summit.The panel, which was themed 'Consumer and retail transaction valuation – What justifies it?', was ......
Malaysia’s IHH hires hospital industry veteran as new India CEO
Malaysian hospital chain IHH Healthcare has appointed a new chief executive officer for India, amid indications the company is looking to expand its footprint in the South Asian nation.Ajay Bakshi, the former group chief executive officer at Manipal Health Enterprises Pvt. Ltd, has been named the CEO-designate at IHH Healthcare ......
Aegon invests in online insurance aggregator Coverfox
The parent of online insurance aggregator Coverfox Insurance Broking Pvt. Ltd has raised fresh funds from an existing investor, a person familiar with the development said.Coverfox’s parent, Glitterbug Technologies Pvt. Ltd, has raised Rs 49 crore ($7.6 million) from Dutch insurance, pension and asset management firm Aegon NV, the person ......
Lighthouse leads $21 mn investment in medical devices maker Tynor Orthotics
Mid-market private equity firm Lighthouse Funds has led a Rs 143 crore (around $21 million) investment in Tynor Orthotics Pvt. Ltd, which makes artificial support devices for various body parts.France-based manufacturer and distributor of medical devices Thuasne Participations, which had invested in Tynor in 2010, also put in money in ......
Realty-tech startup Propstack gets backing from top PE professionals
Commercial real estate intelligence provider Propstack Services Pvt. Ltd has received backing from a clutch of private equity and hedge fund professionals.Propstack said in a statement that its new strategic investors include Kotak Investment Advisors managing director S Sriniwasan, KKR director Ashish Khandelia, Kotak Mahindra Bank's president-consumer banking Shanti Ekambaram, ......
News Roundup: Temasek investing $40M in Star Agriwarehousing
Singapore state-owned investment company Temasek Holdings is investing Rs 240 crore ($40 million) for a significant minority stake in Star Agriwarehousing and Collateral Management Limited, one of the country's fastest growing agri-solutions companies. The investment reflects Temasek's growing interests in agri-solutions businesses and assets as rising populations and emerging middle ......
Zomato in talks to merge with rival Swiggy: Reports
Restaurant-finder and food-delivery startup Zomato is reportedly in talks with competitor Swiggy for a merger.On Wednesday, two media reports said that talks were on between the two companies, but the proposal may not end in a deal.The Economic Times said that Gurgaon-based Zomato had proposed a stock deal, but Bengaluru-based ......
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