Hero Group acquires controlling stake in set-top box maker Mybox
Hero Group, which controls India's largest two-wheeler maker Hero MotoCorp Ltd, has agreed to acquire Delhi-based television set-top box maker Mybox Technologies Pvt Ltd, marking its foray in the electronics business, according to a statement. Financial details of the acquisition were not disclosed.The company will be renamed as 'Hero Electronix' ......
Big consolidation in hospital sector years away: panellists at VCCircle summit
A big wave of consolidation in the healthcare sector is still many years away and will be limited to only some cities as the industry struggles to scale up revenues, according to panellists at News Corp VCCircle Healthcare Investment Summit 2017."If there is a punchline for the industry's problem, it ......
Flipkart’s $2.4 bn fund-raise a shot in the arm, but it was the easy part
For those who root for underdogs, India's e-commerce market presented the perfect opportunity last week. Homegrown Flipkart, which claims to be the country's top e-tailer but has been ceding ground to rival Amazon, raised as much as $2.4 billion from Japanese Internet conglomerate SoftBank, taking its cash surplus to a ......
The story of Emami in its founder’s own words
Before launching the Emami Group, R S Agarwal and R S Goenka made it sure to study all important and relevant laws and acts so that they would be able to stay within the purview of the law and yet emerge winners, says a new book."Business: The Emami Way", published ......
Home healthcare aggregator HealWell24 raises angel funding
HWell24 Plus Healthcare Pvt Ltd, which operates home healthcare aggregator under the brand HealWell24, has raised angel funding from three high-net-worth individuals, the co-founders of the company told VCCircle.The funds were raised from a chief information officer of a major Indian pharmaceuticals multinational company, a financial and media executive, and ......
Warburg Pincus set to buy into Indira IVF; Five firms eye partnership with McDonald’s
Private equity giant Warburg Pincus is in advanced talks to acquire a minority stake in fertility chain Indira IVF Hospital Pvt. Ltd, Mint reported citing two people aware of the development.Warburg Pincus will buy close to 20% stake in Indira IVF for Rs 700 crore (about $110 million), valuing the ......
Company watch: ADV-backed appliances maker Amber Enterprises faces seasonal risks
After working for nearly a decade with companies including Punjab Tractors Ltd, production engineer Kartar Singh decided to chart his own path in 1985. Amber Enterprises (India) Pvt. Ltd, the company that the first-generation entrepreneur started a few years later, is now one of India’s largest original equipment manufacturers for ......
After Little and Nearbuy, Paytm in talks to acquire travel portal Via.com
Flush with funds from Japan’s SoftBank, digital wallet and e-commerce company Paytm is eyeing another acquisition. The payments firm has held preliminary talks to acquire online travel company Via.com, a report in a financial daily stated.Paytm, which is run by One97 Communications Ltd, is looking to invest close to $80 ......
Baring PE India exits Marico with good returns
Baring Private Equity Partners (India) Pvt. Ltd has exited publicly listed consumer products company Marico Ltd with significant gains on its five-year-old bet, one person with direct knowledge of the matter told VCCircle.According to the person, who did not wish to be identified, the PE firm had sold its entire ......
Former Avigo MD slashes target size of new PIPE fund, makes first close
Blue Lotus Capital has made the first close of its new public market- focussed private equity fund with commitment of $15 million (Rs 96 crore), the investment firm’s founder and managing partner S Harikrishnan said.Harikrishnan had quit mid-market focused PE firm Avigo Capital in mid-2015 to float Blue Lotus. He ......
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