Shalby Hospitals files draft prospectus for IPO
Ahmedabad-based multi-specialty hospital chain Shalby Hospitals, which is operated by Shalby Ltd, on Friday filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).The public issue will comprise fresh sale of shares worth Rs 580 crore besides a ......
Is Flipkart clawing back in the game against Amazon?
In early signs of a reversal in fortunes, Flipkart has outrun rival Amazon India in gross sales in two consecutive months, after trouncing the US-based ecommerce company with its Big Billion Day sales in October. The Indian ecommerce giant recently witnessed a top-level management rejig.Citing four unnamed people familiar with ......
HCL Learning to sell Digischool biz, pick up 33% in Everest Edusys
HCL Learning Ltd, a wholly owned unit of HCL Infosystems Ltd, will sell its Digischool business to Everest Edusys and Solutions Pvt. Ltd in a transaction that will give it a 33% stake in the education company.The Digischool business sells software licences for educational content to K-12 schools, HCL Infosystems ......
Vijay Anand calls Freshdesk overstaffed, founder gives point-by-point rebuttal
It's no secret that being operations-heavy has been the undoing of several startups in India. So when Vijay Anand, founder and CEO of Chennai-based accelerator The Startup Centre, highlighted the bloated employee count of Indian startups vis-a-vis their US-based counterparts on networking site LinkedIn two weeks ago, it garnered a ......
Rejected three takeover offers, says Freshworks CEO Girish Mathrubootham
Girish Mathrubootham, chief executive of cloud-based customer engagement platform Freshworks Inc, says the recent rebranding exercise that saw the company’s name change from Freshdesk Inc was just the first step in establishing itself as a multi-product brand. In an interaction with VCCircle, Mathrubootham also talks about turning down acquisition offers, ......
Ahmedabad-based Shalby Hospitals set to file for IPO
Shalby Ltd, which runs multi-specialty hospital chain Shalby Hospitals, is set to file a draft prospectus with market regulator Securities and Exchange Board of India (SEBI) for its planned initial public offering (IPO), two people directly familiar with the development told VCCircle.The Ahmedabad-based company is expected to file its draft ......
Aurobindo Pharma to buy select Teva assets in France
Drugmaker Aurobindo Pharma Ltd said on Friday its French unit Arrow Generiques SAS has signed a pact to acquire select commercial products in France from Israel-based Teva Pharmaceutical Industries Ltd.Arrow Generiques will acquire the right, title and interest in products Calcium and Calcium Vitamin D3, including the use of the ......
IAN marks first close of maiden fund at $27 mn
Indian Angel Network (IAN) has attained the first close of its eponymous IAN Fund at Rs 175 crore (around $27 million), a company statement said.In February, VCCircle had exclusively reported that IAN had made the first close for its fund. An internal email reviewed by VCCircle showed that IAN had ......
Farmers in Kashmir & NE earn more than thrice of their counterparts in Bihar & UP, show govt data
Farmers in terrorism-hit state of Jammu and Kashmir (J&K) and the Northeast (NE) are far more prosperous than their counterparts...
Venture Catalysts leads investment in groceries startup Supr Daily
Mumbai-based daily consumables startup Supr Daily has raised an undisclosed amount of funding led by angel investors from Venture Catalysts such as Dr Apoorv Ranjan Sharma and Anil Jain.Krishna Jhunjhunwala, Anirudh Damani, Anuj Golecha, Dheeraj Jain (partner at Redcliffe Capital) and Harshvardhan Rajgarhia (Overnite Express) are some of the other ......
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