L&T Finance backs developer Anant Raj’s project
L&T Finance Ltd, which has aggressively enhanced its lending activity in the real estate segment recently, is investing in a North-based public-listed realtor Anant Raj Ltd, two persons privy to the development told VCCircle.L&T Finance, which is the non-banking financial company (NBFC) of business conglomerate L&T Group, has emerged as ......
Telenor rejigs global team, Sharad Mehrotra named India CEO
Norwegian telecom major Telenor Group today announced restructuring of Executive Management team to represent all the 13 markets globally, a move aimed at ensuring faster execution of the Group strategy.Sharad MehrotraTelenor, which has 189 million mobile subscriptions in these 13 markets, will see the India operations being headed by Sharad ......
GMR moves to sell Hyderabad hotel property
The GMR group as part of its asset light strategy is now looking for buyers for its hotel property at Rajiv Gandhi International Airport here under the Swiss Challenge model, it said in an exchange filing today.The GMR Hyderabad International Airport (GHIAL), a step-down subsidiary of GMR Infrastructure (GIL), had ......
US-based Tricolor Cleantech Capital to invest up to $5 mn in JanaJal
US-based social impact fund Tricolor Clean Capital has committed to invest up to $5 million (around Rs 33 crore) into hybrid drinking...
Lightbox invests more in ed-tech startup Embibe
Indiavidual Learning Pvt. Ltd, which runs online test preparation startup Embibe, has raised fresh funding from Lightbox Ventures, an existing investor in the company.Embibe had raised $4 million from early-stage investor Kalaari Capital and Lightbox Ventures in 2014.Started in June 2012 by Aditi Avasthi, Mumbai-based Embibe specialises in engineering entrance ......
Blackstone seals another big-ticket commercial real estate deal in India
Alternative investment firm Blackstone, which has built a strong foothold in the Indian real estate market and is now one of the largest owners of commercial realty, has struck back-to-back deals to begin the new year on a high.It has sealed a transaction to acquire a stake in a bunch of ......
BCCL’s Springboard Ventures backs fertility firm
Springboard Ventures, an investment arm of media company Bennett Coleman and Company Ltd, has invested in a Maharashtra-based fertility services provider, said a person privy to the development.BCCL, the holding company of media house Times Group, usually invests in firms through its ad-for-equity investment arm Brand Capital and strategic ventures ......
Fast-food chain Torrp-It-Up close to raising funds from VCs, HNIs
Torrp-It-Up, a Mumbai-based quick service restaurant (QSR) chain, is in talks with several venture capital firms and angel investors for its first external round of funding to fuel its expansion plans, its founder told VCCircle.Prateek Mittal said the chain, run by SG Mittal Enterprises Pvt. Ltd, will use the funds ......
BCCL’s Springboard Ventures backs fertility firm
Springboard Ventures, an investment arm of media company Bennett Coleman and Company Ltd, has invested in a Maharashtra-based fertility services provider, said a person privy to the development.BCCL, the holding company of media house Times Group, usually invests in firms through its ad-for-equity investment arm Brand Capital and strategic ventures ......
Home services startup Frapperz raises $100K in seed funding
On-demand home services provider Frapperz has raised $100,000 (Rs 66.6 lakh) in seed funding from a group of investors led by an Australia-based healthcare entrepreneur.The mobile platform, owned and operated by NumeroSeven Technologies Pvt Ltd, has recorded over 10,000 active downloads, the startup said in a press release. It claims ......
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