How Talwalkars plans to strengthen leadership position
Talwalkars Better Value Fitness Ltd plans to accelerate its expansion over the next three years to consolidate its position as India’s largest chain of gymnasium centres.Mumbai-based Talwalkars, which has acquired stakes in three companies over the past two months including one in Sri Lanka, is looking to grow its presence ......
Foxconn invests in home automation startup WiZN Systems
Home automation solutions maker WiZN Systems Pvt Ltd has raised an undisclosed amount in angel investment led by Taiwan-based Foxconn Technology Group, one of the world's largest contract electronics manufacturing firms, with participation from a bunch of angel investors, Amit Premy, CEO of WiZN Systems told Techcircle.in.Kanwaljit Singh, founder of ......
Jack Dorsey gives a third of his Twitter stake to staff
Twitter CEO Jack Dorsey is giving away a third of his personal stake in the company, or one per cent, to the microblogging site's employee equity pool.One per cent of Twitter is currently worth an estimated $198 million."I'm giving around 1/3 of my Twitter stock to our employee equity pool ......
Craftsvilla acquires logistics enabler Sendd for $5M
Mumbai-based Kribha Handicrafts Pvt Ltd, which runs e-commerce marketplace for ethnic products Craftsvilla, has acquired on-demand logistics enabler Sendd.The all-equity deal values the Kae Capital-backed startup at close to $5 million (around Rs 34 crore), Craftsvilla said in a statement.Kae will get stake in Craftsvilla as part of the acquisition ......
Infosys to invest $4M in US-based Waterline Data Science
India's second-largest IT services firm Infosys Ltd has decided to invest $4 million in Delaware-based startup Waterline Data Science Inc, which helps companies make sense of large data sets, according to a stock market disclosure.It will pick a minority holding in Waterline Data Science as part of a Series B ......
WhatsOnRent gets angel funding from CommonFloor co-founder, others
Online rental marketplace WhatsOnRent.com, run by Weblevered Technology Pvt Ltd, has raised an undisclosed amount in angel funding from CommonFloor.com co-founder Lalit Mangal and a bunch of other investors.Excubator co-founder Neeraj Gupta, angel investor Sanjay Gupta and Bangalore-based software firm Nixel Technology Pvt Ltd also put money in this round, ......
PE deal volume shrinks but transaction value rises in May, M&A deals nudge up
Even as the total private equity and mergers & acquisitions (M&A) deal volume remained relatively flat during May 2013, the deal value rose 25 per cent largely due to Bharti Airtel's fundraising deal with a Qatar state investment firm.Combined announced value of M&A and PE deals in India stood at ......
Ratan Tata invests in tea e-tailer Teabox
Tata Sons’ chairman emeritus Ratan Tata has invested an undisclosed amount in speciality tea e-tailer Teabox.com, the startup’s CEO Kaushal Dugar told VCCircle.This is the fifth investment in 2016 for Tata, one of India’s most active angel investors last year. Recently, he put money in baby products e-commerce site FirstCry.com. ......
Structural reform is the way ahead
With the Narendra Modi government all set to roll out its third budget on February 29, it is being questioned on the possible measures that carry the potential to make or break its efforts to put forth a powerful budget. What is the biggest challenge that awaits the NDA government ......
Baring PE India trims holding in Marico
Baring Private Equity Partners India (Baring PE India) has offloaded some of its stake in publicly listed consumer products company Marico Ltd, as it continues to liquidate its past portfolio in what is believed to be a precursor to a new fundraising process.Baring PE India, which is separate from Baring ......
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