IoT startup Briston Technomach bags $150K
Arpeet Gupta, Co-founder, Briston TechnomachDelhi-based internet -of-things (IoT) and machine-to-machine (M2M) technologies startup Briston Technomach Pvt Ltd has raised around Rs 1 crore ($150,000) in seed funding from an undisclosed angel investor.The company will use the capital to expand its operations to eight major cities including Mumbai, Bangalore, Kolkata and ......
Zovi founders raise $50M for new deals discovery startup from Paytm, others
Founders of Bangalore-based private label fashion e-tailer Zovi have raised $50 million (Rs 318 crore) from a group of investors led by One97Communications, which runs mobile commerce venture Paytm, and an unnamed large investor for a separate startup focused on deals discovery.SAIF Partners and Tiger Global Management, who are existing ......
Etihad raises $500M; to invest around $80M in Jet Airways
Gulf carrier Etihad today said it has raised USD 500 million along with its airport services business and five equity partners from the international market for capital expenditure and fleet expansion, among others.The airline, in a release said, the funds were mopped up through a series of road shows held ......
Goldman Sachs invests $150M in Piramal Realty
Financial services giant Goldman Sachs has invested $150 million (Rs 978 crore) to buy a minority stake in Piramal Realty, the privately held real estate arm of Ajay Piramal-led diversified firm Piramal Enterprises Ltd, the company said on Monday.The proceeds would be used to expand the company’s current real estate ......
Kolte Patil exploring options for platform deal
Pune-based public listed realtor Kolte-Patil Developers Ltd is working on adding a new fundraise avenue to its strategy and has initiated talks with marquee investors to seal a platform deal for commercial and residential properties, a top company executive told VCCircle.A platform deal lets a large institutional investor tie up ......
LabStreet raises angel funding
Ujjwal Chaudhry & Lalit Mittal, Co-founders, LabStreetGurgaon-based, Kronica Medical Services Pvt Ltd which runs and operates, LabStreet, a demand aggregator for diagnostic labs, has raised Rs 1 crore ($150,000) in angel funding from multiple investors including Chandigarh-based Click Labs.The funds will be utilised for enhancing the collection and logistics capabilities ......
Bharat Matrimony files for IPO; BVP to exit
Matrimony.com Pvt Ltd, which owns a string of matrimony-related consumer internet properties including BharatMatrimony.com, EliteMatrimony.com, CommunityMatrimony.com, AssistedMatrimony.com, MatrimonyDirectory.com and Tambulya.com, has filed its draft red herring prospectus (DRHP) with securities market regulator SEBI to float its initial public offer (IPO).It is the second consumer internet firm to file documents to ......
IndiGo gets SEBI’s nod for IPO
InterGlobe Aviation Ltd, India's top airline company that operates budget carrier IndiGo, has received capital markets regulator Securities and Exchange Board of India's (SEBI) approval to float an initial public offer (IPO).The company had filed its draft red herring prospectus (DRHP) with SEBI in July this year to raise Rs ......
Gherzi AG to buy out Wadia Group’s majority stake in Gherzi Eastern
Gherzi AG, a global management consulting and engineering company, is buying out the stake of its local partner in Gherzi Eastern Limited, a joint venture between Gherzi AG, Zurich, and the Wadia Group of Companies, at least two sources familiar with the development told VCCircle. The deal size could not ......
Hero Cycle’s chairman emeritus O P Munjal passes away
Industrialist OP Munjal, Chairman Emeritus of Hero Cycles and one of the founders of the Hero Group, passed away today after brief illness.Munjal (87) breathed his last in the DMC Hero Heart Centre, his family said, adding the last rites will be performed tomorrow.Faced with health related issues for the ......
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