Rajesh Sawhney, Anupam Mittal seed-fund Splitkart
Splitkart, a mobile app that allows users to split bills and plan group outings, has secured an undisclosed amount in seed funding from GSF India founder Rajesh Sawhney and People Group CEO Anupam Mittal besides other angel investors.Dinesh Agarwal, CEO of IndiaMART and Gaurav Gupta, managing director of Macquarie Capital ......
HCC completes 74% stake sale in Nirmal BOT
HCC Concessions Ltd, a subsidiary of Hindustan Construction Company Ltd (HCC), has completed stake sale in its annuity project in Andhra Pradesh housed under Nirmal BOT Ltd to a subsidiary of IDFC Alternatives-managed infrastructure fund, as per a stock market disclosure. Highway Concession, controlled by a fund under IDFC Alternatives, has ......
Edelweiss’ distressed assets fund to pick up 5% in Panyam Cements
Hyderabad-based Panyam Cements & Mineral Industries Ltd said on Friday it will issue up to 8.43 lakh convertible warrants for around Rs 7.13 crore ($1.05 million) to two group firms of Edelweiss Financial Services Ltd.The cement maker will issue the warrants to EW India Special Assets Fund Pte Ltd and ......
End of the road for LocalBanya?
Online supermarket LocalBanya.com’s last-ditch efforts to resurrect itself seem to have failed as discussions with three major investment groups for fresh funding have fallen through, a person familiar with the development has told VCCircle.The person, who is close to one of the current investors, did not want to be named.One ......
Mumbai-based property developer Rustomjee raises $61M from Xander
Mumbai-based private realtor Rustomjee has raised Rs 370 crore ($61.1 million) from global investment firm Xander Group's real estate private equity arm, as per a company statement.The money has been raised for group firm Kapstone Constructions and will be used to bring down debt and for expanding business. Kapstone Construction, a ......
Zodius-backed engineering startup Allygrow makes two global acquisitions
Allygrow Technologies Pvt Ltd, an engineering services startup floated by Mahindra Engineering Services’ former CEO Prashant Kamat, has acquired Munich–based AE Automotive Elements GmbH, a high end product development firm, and the engineering services arm of Michigan-headquartered Ranal, a specialised manufacturing engineering services firm.The financial details of the deals were ......
TeamLease IPO oversubscribed 65 times
The initial public offering of staffing company TeamLease Services Ltd was oversubscribed 65 times as institutional investors, high net-worth individuals (HNIs) and corporate investors joined the party on the final day of the issue.This is the second-best showing for an IPO in eight years. Last year, VRL Logistics' IPO was ......
As you keep ticking boxes, new issues come up: Anil Swarup
Anil Swarup, a 1981 batch Indian Administrative Service officer of the Uttar Pradesh cadre, is credited with setting up a template for natural resource allocation in India through coal block auctions. Handpicked for the job of coal secretary by Prime Minister Narendra Modi, Swarup enjoys the reputation of being a ......
Pricol board approves merger of promoter group firm Xenos
The proposed merger of Coimbatore-based auto accessories maker Xenos Automotive Ltd with Pricol Ltd has been approved by the boards of the two companies, according to a stock market disclosure on Friday.Xenos is a privately held firm of the promoters of Pricol and the merger would result in an increase ......
Dil Mil raises funding from Saavn founder
Dil Mil, a matchmaking app for South Asian expatriates, has raised an undisclosed amount in funding from one of the founders of US-based music streaming app Saavn (South Asian Audio Video Network), a person close to the development told Techcircle.in.Confirming the investment, a Saavn spokesperson said, “It's a personal investment ......
Most Popular
Google News
Follow VCCircle on Google News for the latest updates on Business and Startup News