Experienced investors sense an opportunity as India’s attractiveness wanes: SBI Macquarie Infra CEO
Infrastructure has been one of the most battered sectors in the recent economic slowdown, with valuations of listed firms getting hammered and companies increasingly coming under pressure to reduce debt. While large private equity deals (over $100 million) have dominated the sector over the last two years, this year there ......
Shekhar Gupta, Barkha Dutt launch digital media venture ’The Print’
Shekhar Gupta, former editor-in-chief of The Indian Express newspaper, and NDTV's Barkha Dutt have joined hands to launch a digital media startup called 'The Print'.Dutt, who resigned from her position as group editor in NDTV in February 2015, is currently associated with the news broadcaster as consulting editor.The announcement was first ......
Organic farming venture Lumiere raises Series A funding
Bangalore-based seed-to-table organic product firm Lumiere Organic Venture Pvt Ltd has raised an undisclosed sum in Series A funding from 20 undisclosed investors in a crowdsourcing exercise. This is the first closure announcement and more funds are expected to be raised as part of this round.The 20 undisclosed investors are ......
On-demand home services platform Didi gets $150K in seed funding
Didi, an on-demand platform that provides housekeeping services, has secured $150,000 (about Rs 1 crore) in angel funding from former McKinsey & Co executives Jozef Bardik, Leo Wang and Sangeeth Ram.Mumbai-based Urbanity Multisol Pvt Ltd, which runs Didi, will use the money to strengthen its technology back-end and increase marketing ......
News Roundup: Basix To Raise Rs 300Cr PE Funding
Indiaco Ventures Makes Partial Exit - Indiaco Ventures Ltd has made a partial exit of its investment in Info-Dynamic Tele Systems Pvt. Ltd made by IndiaCo Telecom Pvt. Ltd (ITPL). ITPL has received an IRR of 45% on sale of partial investment to a strategic investor. (BSE)RIL To Resume Treasury ......
Careers360 raises funds from MeritTrac
Delhi-based Pathfinder Publishing Pvt Ltd, which operates Careers360, a career information portal for students, has raised an undisclosed amount of investment from MeritTrac, a wholly owned subsidiary of Manipal Global Education Services (MaGE).According to sources at the company, with fresh funds in its kitty Careers360 is currently valued at Rs ......
Japanese ad major Dentsu acquires Mumbai-based Fountainhead
Japanese advertising major Dentsu Inc’s Indian unit Dentsu Aegis Network Ltd has acquired Mumbai-based events and experiential agency Fountainhead Entertainment Pvt Ltd for an undisclosed amount.Post acquisition, Fountainhead will continue to be led by co-founder and CEO Brian Tellis and the current management team will remain the same.“Fountainhead’s strong expertise ......
Apple’s debacle – why growth is all that matters
Apple announced earnings for the 4th quarter this week, and the company was creamed. Almost universally industry analysts and stock analysts had nothing good to say about the company’s reports, and forecast. The stock ended the week down about 5%, and down a whopping 27.8% from its 52 week high.Wow, ......
Tata Global Beverages gets new CEO; New Silk Route’s Pandole on board
India's largest coffee producer and exporter Tata Global Beverages Ltd has appointed Tata Sons deputy chairman ......
Indiamart’s Agarwal backs office products portal ProcMart
ProcMart, a procurement marketplace for office products until recently known as Instaproc, has raised an undisclosed amount in angel funding from Indiamart founder and CEO Dinesh Agarwal.The Noida-based startup, run by Instant Procurement Service Pvt Ltd, will use the money to expand reach, improve the buyer-supplier network and introduce new ......
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