Walden inducts Ganapathy Subramaniam as venture partner, eyes semiconductor startups in India
Global venture capital firm Walden International (WI) has inducted Ganapathy Subramaniam (Gani) as venture partner for its own and affiliate funds such as WRV II, it said on Monday.Lip‐Bu Tan, chairman of Walden, said, “His rich experience in semiconductors and network will help us identify suitable opportunities in India. We ......
IAN launches ‘Small Ticket Funding’ programme for startups, to invest under $40K
Indian Angel Network (IAN) has launched a ‘Small Ticket Funding’ programme to help startups meet their immediate funding requirements. As part of the programme, IAN will offer a fixed investment of Rs 25 lakh ($39,888) at a fixed valuation of Rs 2.5 crore ($398,883) post investment.While the startup environment is ......
Lupin acquires Brazilian pharma company Medquímica Indústria
Mumbai-based pharma major Lupin Ltd has acquired Brazil-based pharma company Medquímica Indústria Farmacêutica S.A., Brazil, (Medquímica) for an undisclosed amount, the company said. The deal is subject to certain closing conditions.The acquisition marks Lupin’s foray into the Brazilian market and it would also strengthen its position in the Latin American ......
Mobile number porting requests slow down after hitting a peak in March; Is it temporary?
In what could come as a solace for telcos, mobile subscribers’ inclination to switch operators seems to have ebbed in April after hitting a peak in March this year. Data collated by the Indian telecom regulator show that mobile number portability (MNP) requests hit a peak at 47 lakh in ......
Mahadevan Narayanamoni quits Grant Thornton to join TPG as senior advisor
TPG Growth, the growth capital investments unit of global alternative investments group TPG, has appointed Mahadevan (Mahad) Narayanamoni as a senior advisor to the firm, sources told VCCircle. Narayanamoni joins the PE firm from advisory firm Grant Thornton, where he was partner advising on life sciences and healthcare vertical.He quit ......
Essar Ports acquires Visakhapatnam Port Trust’s iron ore handling complex
Public-listed Essar Ports Ltd (EPL), one of the India’s largest port operators involved in port and terminal services for liquid, dry bulk, break bulk and general cargo, has acquired Visakhapatnam Port Trust’s (VPT) iron ore handling complex on a build-operate-transfer (BOT) basis, for 30 years, the company said in a ......
#ModiYearOne: FY16 will be painful as earnings adjust to reforms, says Saurabh Mukherjea
The Indian economy may struggle in FY16 as earnings adjust to the initiatives launched by Prime Minister Narendra Modi to clean up of the economy, according to Saurabh Mukherjea, CEO, Institutional Equities at Ambit Capital.In a chat with VCCircle, Mukherjea says the economy is fast losing traction and that GDP ......
US-based mGage acquires Indian enterprise mobile messaging services provider Unicel
Global multi-channel mobile messaging platform mGage has acquired Bengaluru-based Unicel Technologies Pvt Ltd to bolster presence in the enterprise mobile marketing and mobile customer relationship management (CRM) market in India, it said on Monday.Although the deal value was not disclosed, separate media reports suggest it to be an all-cash transaction ......
Royal Enfield buys UK-based chassis manufacturer Harris Performance
Royal Enfield, the British motorcycle maker owned by Chennai-based company Eicher Motors, has decided to acquire UK-based Harris Performance Products Ltd for an undisclosed amount, as per a stock market disclosure. This would be the first acquisition by Royal Enfield.As per the agreement, Royal Enfield will acquire the assets, employees, ......
Starting in startups
Recent million dollar investments by foreign investors ranging from Japanese communications group SoftBank to Chinese ecommerce giant Alibaba in new-age Indian ecommerce companies have given a boost to India’s startup ecosystem. Wealthy Indians too are making a beeline for new investment opportunities in Internet and e-commerce start-ups, a trend which ......
Most Popular
Google News
Follow VCCircle on Google News for the latest updates on Business and Startup News