Chip maker Avago Technologies to acquire Broadcom for $37B
Singapore-headquartered Avago Technologies is in advance stages to acquire Broadcom Corporation for $37 billion in the largest M&A in chip making space, the company said on Thursday.The deal, which is subject to regulatory approvals, is expected to close by first quarter of 2016.Post acquisition, the combined enterprise value of both ......
Sanjay Kapoor steps down as Micromax chairman
Sanjay Kapoor has stepped down as Chairman of Micromax, a little over a year after joining India's second-largest handset vendor."Sanjay Kapoor has decided to move on. Appropriate announcements will be made in due course. We would like to thank him for his contribution and wish him luck for all his ......
Fitness tracker GOQii raises funding from Paytm’s founder Vijay Sharma
GOQii Technologies Pvt Ltd, a startup which offers a device that helps customers track fitness, has raised an undisclosed amount from Vijay Shekhar Sharma, founder and CEO of mobile internet firm One97 Communications.Incorporated in 2013 by Vishal Gondal, California-headquartered GOQii has offices in Mumbai and Shenzhen (China) also. It offers ......
Zomato raises $60M from Temasek, Vy Capital
Restaurant listings and review firm Zomato, which is expanding its business into food ordering and table reservation, has entered the coveted 'Unicorn Club' as it has just raised $60 million (Rs 390 crore when it sealed the deal) in a fresh round of funding from Singapore government's investment company Temasek ......
Capillary raises $45M from Warburg Pincus, others
Bangalore-based Capillary Technologies Pvt Ltd, a SaaS-based CRM solutions provider, has secured around Rs 300 crore ($45 million) in a fresh round of funding led by private equity firm Warburg Pincus.Its existing investors Sequoia Capital and Norwest Venture Partners have also participated in the round, The Economic Times reported citing ......
Ratan Tata backs food-tech startup Holachef
Holachef Hospitality Pvt Ltd, which runs an online marketplace where professionals and amateur chefs can sell meals, has secured an undisclosed amount in funding from Tata Sons’ chairman emeritus Ratan Tata.This would be Tata’s 12th known investment in a new-age technology startup.“Tata’s name and body of work are synonymous with ......
WestBridge hikes stake in NBFC Vistaar
Public markets focused private equity firm WestBridge Capital Partners has hiked its stake in Bangalore-based non-banking finance company (NBFC) Vistaar Financial Services Pvt Ltd, sources close to the development told VCCircle.Bulk of the money was pumped into the company through fresh issue of securities and a small portion went to ......
Babajob: Now ’Poor Man’s LinkedIn’ Crosses Six Lakh Job Listings
There are thousand and one job boards on the Internet, but there are always a few that will surprise many of us. After all, we are used to popular job boards like Naukri.com and Monster.com who promote the well-qualified and the upwardly mobile. But here is a website which will ......
Lingerie e-tailer Zivame raises $40M from Zodius, Khazanah & others
Lingerie e-tailer Zivame.com, run by Bangalore-based Actoserba Active Wholesale Pvt Ltd, has raised Rs 250 crore ($40 million, based on forex rates when the transaction was closed last month) in its Series C round of funding from Zodius Technology Fund and Malaysian sovereign wealth fund Khazanah.Its existing investors Unilazer, IDG ......
PE Players Courting Strides Arm
Is there a deal brewing at mid-sized pharma company Strides Arcolab? Lazard was seen running a capital raising mandate for the Bangalore-headquartered firm. Strides promoter and Chief Executive Arun Kumar - who has sporadically dangled equity divestment plans - was looking at raising around $100 million through a stake sale ......
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