Speech recognition solutions firm Uniphore raises funding from Kris Gopalakrishnan, others
Chennai-based Indian language speech recognition solutions firm Uniphore Software Systems Pvt Ltd has raised an undisclosed amount in Series A round of funding from Infosys' co-founder Kris Gopalakrishnan, according to a press release. This round also saw participation from existing investors.The funding will be used for Uniphore’s global expansion and ......
Times Group sends legal notice to Housing.com, directors; claims Rs 100Cr in damages
Bennett, Coleman & Co. Ltd, the holding company of Times Group, one of the largest media houses in India, has sent a legal notice to real estate portal Housing.com owner, Locon Solutions Pvt Ltd., and board for alleged defamation.The notice asks Housing.com CEO Rahul Yadav and its directors to issue ......
Online food ordering startup Bite Club raises $500K from Powai Lake Ventures & others
Gurgaon-based Ecstasy E-Ordering Pvt Ltd, which owns and operates food ordering site Bite Club, has raised $500,000 (Rs 3.1 crore) in seed funding from Powai Lake Ventures and a few angels including Aneesh Reddy, co-founder & CEO at Capillary Technologies; Goibibo Group founder Ashish Kashyap; and Alok Mittal, who has ......
MakeMyTrip buys 18% stake in travel planning startup Inspirock
The country’s top online travel agency MakeMyTrip Ltd has acquired 18 per cent stake in Inspirock Inc, an online planning tool for developing customisable itineraries, the company has said.The deal was done through MakeMyTrip's Innovation Fund, which was formed to invest up to $3 million in startups or early-stage companies ......
Shriram Transport Fin sets sights on 12% AUM growth
Commercial vehicle financier Shriram Transport Finance today said it's looking at 12 per cent growth in its asset under management (AUM) this fiscal on account of an expected revival in the economy. "We are targeting an AUM growth of 12 per cent this year in a normal economic environment. We expect ......
Vedanta takes $3B write-down on Cairn
Vedanta Ltd today reported a consolidated net loss of Rs 19,228.12 crore in the quarter ended March 31 due to impairment charge relating largely to Cairn IndiaBSE -0.71 % acquisition goodwill. The company in the period under review wrote off Rs 19,180 crore as non-cash impairment charge of acquisition goodwill of ......
ASK Group exits two residential projects in Pune for $23M, scores 2x
ASK Group, a privately held financial services group which has a real estate investment platform, has exited from two residential projects in Pune including Serano at Baner and Skyone at Model Colony, the company said in a press release.The group which had invested through its first domestic real estate fund ......
Strand Life Sciences close to raising $20M
Bangalore-based clinical genomics and biotech research firm Strand Life Sciences Pvt Ltd is close to raising $20 million (Rs 127 crore) from US-based investors, sources privy to the development told VCCircle.The transaction is expected to close within the next few weeks and the firm could induct a strategic partner in the ......
Salesforce acquisition: nobody rings a bell at the top
Yesterday rumors broke out that Salesforce is entertaining buyout offers and has hired investment bankers to consider “strategic options”. My first thought? What a great time to sell! My second thought: please don’t jinx it – not when someone is coming up on a $50-$60 billion payday at 10x forward ......
India Alternatives & IIFL’s NBFC arm buy 4% of CIBIL for around $10M
Private equity firm India Alternatives and its parent IIFL Holdings' (formerly India Infoline) NBFC arm India Infoline Finance Ltd have together picked 4 per cent in India’s oldest credit information bureau Credit Information Bureau (India) Ltd (CIBIL), as per a statement.Further terms of the transaction were not disclosed but sources ......
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