Redwood Internet Ventures, former Jabong MD back HR tech startup
Qandle, a cloud-based HR management and employee engagement platform for small and medium-sized businesses (SMBs), has raised $1.2 million (Rs 7.7 crore) in pre-Series A funding led by Hong Kong-headquartered venture capital firm Redwood Internet Ventures Ltd.A top Qandle executive told TechCircle that Arun Chandra Mohan, former managing director at ......
Turkish firm Celebi keen to acquire Air India’s ground handling unit
Turkey’s Celebi Aviation Holding has shown interest in buying state-owned Air India’s ground handling operations, India’s aviation secretary Rajiv Nayan Choubey said on Friday.Celebi also provides ground handling services in India.Celebi has written to the ministry showing interest to bid for the Indian flag carrier’s ground handing operations, Choubey told ......
Essar to sell Aegis BPO to Capital Square Partners
Diversified conglomerate Essar Group said on Monday it has agreed to sell its business process outsourcing business housed under Aegis Ltd to private equity firm Capital Square Partners to cut debt.This marks Essar Global Ltd’s complete exit from the BPO business, it said in a statement. It didn’t disclose the ......
Bhavin Turakhia’s Radix appoints Sandeep Ramchandani as global CEO
Dubai-headquartered Radix FZC, the domain registry founded by serial entrepreneurs Bhavin and Divyank Turakhia, has elevated Sandeep Ramchandani, its vice-president and business head, as its new global CEO.Ramchandani, who has been with Radix since its inception, had earlier worked with another group company, LogicBoxes, which was acquired by US-based cloud-based ......
Zee Entertainment to buy 80% stake in tech startup Margo Networks
Media baron Subash Chandra-led Zee Entertainment Enterprises Ltd has decided to acquire an 80% stake in tech startup Margo Networks Pvt. Ltd for Rs 75 crore ($11.5 million).The Zee Group company said in a stock-exchange filing on Wednesday that it will subscribe to fresh shares of Margo at a post-issue ......
Bestech Group in talks to raise up to $50M for Gurgaon project
Gurgaon-based real estate developer Bestech Group is in talks with investors to raise around Rs 200-300 crore for a project in Gurgaon, sources privy to development told VCCircle.According to the sources, the company is planning to develop a 120-acre project in Dwarka Expressway and is raising capital for this project.“The ......
PE firm NiFCO backs two projects of Mumbai developer
Real estate-focused private equity firm Nisus Finance Services Co Pvt. Ltd has backed two ongoing affordable residential projects of a Mumbai-based developer, a top company executive told VCCircle.The Mumbai-based PE firm has put in money across two projects of Mera Ghar, a developer which is focused on creating low-cost housing ......
Auxano Deals invests in ed-tech startup Avishkaar Box
Delhi-based ed-tech startup Avishkaar Box, which manufactures and sells robotics-based educational kits for school-going students, has raised Rs 5 crore ($772,500) in a pre-Series A round of funding from Auxano Deals, a company statement said.The startup will use the funds to expand its presence in India and Asia, hire talent ......
PE firm TA Associates eyes quick partial exit from ’W’ womenswear maker’s IPO
Woman’s apparel maker TCNS Clothing Co Ltd, which counts US-based private equity investor TA Associates as its backer, has filed its draft proposal with the Securities and Exchange Board of India to float an IPO.Onkar Singh Pasricha-led TCNS Clothing, which owns the ‘W’ brand of clothing for women, won the ......
Strategic suitors line up for Religare’s NBFC biz
Religare Finvest Ltd, the non-banking financial arm of Religare Enterprises Ltd, has received interest from strategic players for a potential acquisition, two people aware of the development told VCCircle.Clix Capital Services Pvt. Ltd (formerly GE Capital), JM Financial Ltd, Hero FinCorp Ltd, Edelweiss Financial Services Ltd and Essel Finance are ......
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