Smartivity raises pre-Series A funding from S Chand, AdvantEdge, others
Ed-tech startup Smartivity Labs Pvt. Ltd, which deploys augmented reality and robotics for kids learning projects, has raised $1 million (around Rs 6.7 crore) in pre-Series A funding led by its existing investor S Chand & Co. Pvt. Ltd and early-stage investment firm AdvantEdge Partners.The round also saw participation from ......
A peek into India-dedicated fund launches in recent quarters
Private investors may have turned cautious about investing in startups in recent months but there is no dearth of India-dedicated fund launches taking place, indicating that the long-term India story remains intact.According to VCCEdge, the data research platform for VCCircle, seven India-dedicated funds were launched in the January-March quarter with ......
Hey Tim! What’s Cooking?
It's cult following in the West notwithstanding, Apple Inc has found fewer takers for its products in India, a market hailed as one of the last high growth harbours for mobile handsets in the world. Indian consumers' price sensitivity aside, the lack of sales and marketing push from the company ......
Rewind 2014: PE deal flow revives in realty sector; look-back at top deals & trends
The year 2014 proved to be a crucial period for Indian real estate market, as the formation of NDA-led government at the centre brought along an improvement in sentiment among investors. Sentiments relating to Indian real estate market moved from subdued in the first half of the year to a ......
Venture debt firm IntelleGrow raises $20 mn from Omidyar, others
Venture debt lender Jain Sons Finlease Ltd, which operates under the brand IntelleGrow, on Tuesday said it has raised Rs 134 crore ($20.14 million) from its existing investor Omidyar Network and a clutch of new investors. The new investors are Triodos Investment Management, the investment arm of European lender Triodos Bank, ......
Former StanChart exec Jaspal Bindra takes over as Centrum chairman
Jaspal Bindra, the former high- profile chief executive of Standard Chartered Bank Asia Pacific, today took over as executive chairman of independent brokerage and financial services player Centrum Group.Centrum group founder Chandir Gidwani will continue to be the promoter of the city-based financial services player.For the 55-year-old Bindra, one of ......
Paytm hires two ex-Citibank execs for its payments bank
Mobile payments and commerce platform Paytm, run by One97 Communications Pvt. Ltd, has hired Ruchita Taneja Aggarwal and Priya Karnik of Citibank for its yet-to-launch payments bank. Aggarwal will head banking operations while Karnik will spearhead product development for banking operations separately, a statement from Paytm said. Before joining Paytm, Aggarwal was ......
Markets dance to FDI tune but Rexit makes rupee weak on the knees
Stocks and rupee today opened with an early morning plunge but equities bounced back to score a 241-point rally as Rexit jitters got blunted by a new wave of FDI reforms, hectic buying by institutions, talking-up by influential market men and easing Brexit worries.Rupee, however, could not be saved of ......
News Roundup: Tata, L&T In Fray For Deutsche Postbank
Indian Oil Plans Rs 19k Cr IPO - State-run Indian Oil Corp (IOC) will start shortlisting merchant bankers next week for its public issue that is likely to raise about Rs 19,000 crore, making it the largest-ever equity offer in the country. Half the proceeds would go to the government, ......
News Roundup: Shriram Group ups fund raising plan for non-finance business
Shriram Group, the Chennai-based Rs 60,000 crore ($9.3 billion) group conglomerate, has widened the scope of its private equity fund raise to mop up as much as Rs 1,600 crore (249.32 million) for its non-finance holding arm. Shriram Ventures, formed as the holding arm for companies as diverse as green energy, EPC, real estate ......
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