QSR chain Charcoal Eats raises pre-Series A round from HNIs
Charcoal Eats, a quick service restaurant chain, has raised Rs 5 crore ($742,000) in its pre-Series A round of funding from a clutch of angel investors, a company statement said.The Mumbai-based company will use the money to increase its footprint across new geographies as well as consolidate its presence in ......
GSF appoints Nishkaam Mehta & Sanjay Jain as its new venture partners
GSF Accelerator, a startup accelerator programme launched by former Reliance Entertainment president and GSF Superangels founder Rajesh Sawhney has appointed two new venture partners. These include technology and digital media investor Nishkaam Mehta and former president and chief marketing officer at Reliance Capital Sanjay Jain.“To strengthen the investment and mentoring ......
Humble narcissists make great leaders
In today’s business environment of racing competition and the increasing complexities of management, leaders are frequently finding themselves having to do seemingly opposite things at once. ‘Paradoxical management’ often relates to how leaders act – their ability, for example, to focus on short-term and long term goals, or cost-cutting and ......
IFC set to back EV fleet operator Lithium Urban Technologies
International Finance Corporation, the private-sector investment arm of the World Bank, is looking to invest up to $8 million (Rs 53 crore) in electric vehicle fleet operator Lithium Urban Technologies Pvt. Ltd.IFC said in a disclosure that the proposed investment is part of a bigger round, which will also see ......
Blume, Leo Capital inject capital into health-tech startup BeatO
Delhi-based Health Arx Technologies Pvt. Ltd, which operates diabetes management app BeatO, has raised $1.3 million (Rs 8.45 crore) in a funding round co-led by Blume Ventures and Leo Capital.The startup will use the money to ramp up its technology backbone as well as to supplement its range of product ......
India unwrapped: CJI Misra under fire; Kodnani, Mecca Masjid accused set free
It was a busy week for the judiciary in India, but the courts didn't earn any brownie points.In brief, here's what happened: a former Gujarat minister accused in the 2002 anti-Muslim riots was acquitted, five Hindu activists accused in the Mecca Masjid blast case were freed and the Supreme Court ......
Alteria Capital invests in Sachin Tendulkar-backed Universal Sportsbiz
Venture debt firm Alteria Capital Advisors LLP has invested in Sachin Tendulkar-backed celebrity fashion firm Universal Sportsbiz Pvt. Ltd.Alteria, floated by former top executives at Temasek-owned venture debt provider InnoVen Capital India Pvt. Ltd, provided Rs 30 crore ($4.6 million) to USPL, the venture debt firm said in a statement.InnoVen ......
Norwest And IDG Ventures Invest Rs 22 Cr In E-Learning Company iProf
iProf Learning Solutions India Pvt. Ltd, a Noida-based e-learning company and the maker of probably India’s first personal education tablet and an operator of a chain of Wi-Fi-enabled e-learning centers across the nation, has raised Rs. 22 crore in Series A funding from Norwest Venture Partners (NVP) and IDG Ventures ......
SAIF Partners-backed Aye Finance gets debt funding from Swiss firm BlueOrchard
SAIF Partners-backed Aye Finance Pvt. Ltd has raised Rs 30 crore ($4.6 million) in debt funding from Swiss social impact investor BlueOrchard Finance, said the lender to micro, small and medium enterprises (MSMEs).The Gurugram-based non-banking financial company will use the funds to further diversify its lending portfolio.The company said its ......
SSG Capital buys almost 47% stake in Shapoorji Pallonji Finance
Special situations investment firm SSG Capital Management has picked up a 46.87% stake in non-banking financial company Shapoorji Pallonji Finance Pvt. Ltd.SSG acquired the stake in the NBFC, part of the reclusive billionaire Pallonji Mistry-led Shapoorji Pallonji Group, in March, ratings firm Crisil said in a recent note.The PE firm ......
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