Insurance push, sops for device makers, PPPs in healthcare industry Budget wish-list
The healthcare industry is looking forward to a push for widespread health insurance, tax sops for local medical equipment, higher deduction for medical expenses while calculating income tax and further deepening public private partnership (PPP) to boost growth the sector in the upcoming Union Budget.We spoke to a cross section ......
Boutique I-bank MAPE to invest in yet-to-launch online pharmacy startup NetMeds
Bangalore-headquartered mid-market investment banking firm MAPE Advisory Group is set to invest in Net-Meds Marketplace Pvt Ltd, which plans to launch an online pharmacy venture under Netmeds.com.Netmeds' website currently not live and offers an option for users to sign up. The online store is expected to go online later this ......
BookMyShow buys majority stake in social media analytics co Eventifier for over $1M
BigTree Entertainment Ltd, the company that owns India’s largest online entertainment ticketing portal BookMyShow has acquired a majority stake in Bangalore-based social media analytics startup SpaceBound Web Labs Private Limited, which operates under the brand Eventifier for over $1 million (Rs 6.2 crore).The deal which values the company at over $2 million, ......
SRI Capital-backed QSR chain Hello Curry acquires Paratha Post
Hyderabad-based Red Sprout Foods Pvt Ltd, which operates an QSR chain for Indian fast food and especially pushes its home delivery service in its home city under the Hello Curry brand, has acquired online food ordering and delivery service Paratha Post for an undisclosed amount.The acquisition is done through a ......
Online meal delivery startup SpoonJoy raises $1 million from SAIF partners
Bangalore-based Emvito Technologies Pvt Ltd, which operates , a subscription-based online platform that allows office goers and other consumers order meal packs such as set cut-fruit packs, has raised $1 million from SAIF Partners.With the new round of funding, SpoonJoy plans to expand to Delhi and Mumbai in the next two ......
Indian-American Ajay Banga gets key position in US administration
US President Barack Obama has announced to appoint top Indian-American CEO Ajay Banga to a key administration position. Banga, chairman of the US India Business Council, has been appointed as member of the Advisory Committee for Trade Policy and Negotiations, the White House said. The announcement came along with several other appointments ......
TV shopping & e-commerce firm Naaptol raises $21.4M from Mitsui, existing investors
Naaptol Online Shopping Pvt Ltd, which runs a tele-shopping and e-commerce platform Naaptol.com, has raised an undisclosed amount in Series C round of funding led by Japanese conglomerate Mitsui & Co, it said on Tuesday.The round also saw the participation of its existing investors New Enterprise Associates, Canaan Partners and ......
US Market Was Better Suited For E-com When We Started: eShakti CEO
eShakti, a Chennai-based online apparel retailer, was founded in 1999 by B G Krishnan who believes that the Internet holds the power or shakti that will dramatically change the way business is done. Although based in India, the company only caters to the US market and offers a wide collection ......
Amplus backs residential project of Bangalore-based Lalith Gangadhar Constructions
Real estate focused private equity firm Amplus Capital Advisors has invested in a residential project of Bangalore-based private developer Lalith Gangadhar Constructions Pvt Ltd (LGCL), people familiar with the development told VCCircle.An offshoot of Puravankara Projects Ltd, the company was set up in 2007 and is promoted by Girish Puravankara. ......
IFC partners PTC India Financial and IREDA to back Indian renewable energy projects
International Finance Corporation (IFC), the private sector lending arm of the World Bank, has joined hands with PTC India Financial Services Ltd (PFS) and Indian Renewable Energy Development Agency Ltd (IREDA) to provide infrastructure financing for renewable energy projects in India, according to a press release.PFS and IREDA have signed ......
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