Impact investor Dia Vikas Capital backs Satya MicroCapital
Non-banking financial company Satya MicroCapital Ltd has raised its first round of institutional funding from impact investor Dia Vikas Capital Pvt. Ltd, a top company executive told VCCircle.The firm raised Rs 16 crore ($2.4 million) from Dia Vikas Capital, which is a subsidiary of Opportunity International Australia, in return for ......
PE firms pull out $60 mn from IEX in a deal with IIFL’s pre-IPO fund, others
Private equity investors in Indian Energy Exchange Ltd (IEX) have sold shares worth Rs 395.5 crore ($60 million) to a clutch of investors including IIFL’s PE fund that chases investments in companies headed for the public market.Multiples Alternate Asset Management Pvt. Ltd or Multiples PE, Lightspeed, Madison PE and Aditya ......
FreshWorks’ India arm saw profit, revenue more than double in FY16
Freshworks Technologies Pvt. Ltd, the wholly-owned Indian subsidiary of cloud-based customer engagement platform Freshworks Inc, more than doubled its revenue and net profit during the financial year 2015-16.The Chennai-based company posted gross revenues of Rs 94.89 crore, up from Rs 44.08 crore in the previous fiscal, show its consolidated financials ......
Kay Legal & Associates merges with Gravitas Legal
New Delhi-based boutique law firm Gravitas Legal has merged its practice with Mumbai-based peer Kay Legal & Associates LLP.Founded in 2016 by Tanuj Sud, Sujeet Das and Varij Sharma, Gravitas Legal advises clients on banking & finance and real-estate transactions besides providing corporate advisory services. Amit Karkhanis-founded Kay Legal & ......
Former InnoVen execs to float $125 mn venture debt fund
Two former top executives at venture debt provider InnoVen Capital India Pvt. Ltd are planning to launch their own venture debt firm Alteria Capital, a media report said on Thursday.Ajay Hattangdi and Vinod Murali plan to raise a total corpus of Rs 1,000 crore ($125 million), including a greenshoe option ......
Tree House Education plans to sell land, buildings of four schools
Mumbai-based pre-school education service provider Tree House Education & Accessories Ltd is looking for buyers to dispose of land and buildings of its four schools, The Hindu reported.The company will use the money for expanding its pre-school network and cutting down its debt. Tree House Education had a debt of Rs ......
Vikram Oberoi to take over as Oberoi Hotels MD & CEO
Charting out a succession plan, hospitality major EIH Ltd today announced appointment of Vikram Oberoi, son of Chairman PRS Oberoi, as its next MD and CEO from April 1.Besides, Vikram's cousin Arjun Oberoi will become Managing Director-Development at EIH Ltd, which runs a chain of luxurious hotels and resorts under ......
Self-drive vehicle rental platform Drivezy raises $10 mn
Mumbai-based AS JustRide Tours and Travels Pvt. Ltd, which operates peer-to-peer car and bike rental platform Drivezy, has mobilised $10 million (Rs 65 crore) in a fresh round of funding.The investors who participated in this round include Das Capital, Axan Ventures, CrowdWorks and IT-Farm, the startup said in a statement.Ashwarya ......
Birlasoft ropes in Mindtree’s co-founder Anjan Lahiri as CEO
The CK Birla Group has appointed Anjan Lahiri, one of the co-founders of Mindtree, as chief executive officer (CEO) of its IT services arm Birlasoft, according to a stock market disclosure.Lahiri will be based in Birlasoft's headquarters in Noida and will lead a workforce of over 4,000 employees. He will ......
Infosys appoints former chief Nilekani as chairman
Indian IT services firm Infosys named Nandan Nilekani, one of its founders and former heads, as chairman on Thursday in a bid to end a lengthy feud between the board and the company's founders.The move is likely to reassure employees and clients, and quell shareholder concerns after the shock resignation ......
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