Rajiv Sabharwal moving out of ICICI, Bagchi named head of retail banking
ICICI Bank Ltd made top-level management changes on Friday naming Anup Bagchi as head of retail banking as veteran banker and board member Rajiv Sabharwal decided to quit the country’s top private lender.Sabharwal told VCCircle he would continue to be in the financial services space, and is considering options including ......
SunEdison legal head to join IL&FS Financial Services
Vinay Bhatia, general counsel and director at the Indian subsidiary of renewable energy major SunEdison Energy India Pvt. Ltd is set to join IL&FS Financial Services Ltd, a project and infrastructure funding arm of IL&FS. Bhatia is joining in place of Damini Marwah, who had joined the country’s third-largest privately ......
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Sequoia Capital invests more in Suburban Diagnostics
Pathology chain Suburban Diagnostics India Pvt Ltd has received additional investment from venture and growth capital investor Sequoia Capital, two people privy to the development told VCCircle.The fresh capital infusion comes at a time when investor interest in the country’s diagnostics sector has been high. This has helped companies such ......
Lead Angels, Mumbai Angels, LetsVenture invest in online event-booking platform
Online event-booking platform BookEventZ has raised an undisclosed amount in pre-series A funding from Lead Angels, Mumbai Angels and LetsVenture.Existing investors, including Girish Mathrubootham, Anbu Pandian, co-founder of PanZeea Solutions and Ishan Singh, director of Recapital Ventures, also participated in the round, the company said in a statement on Wednesday.BookEventz, ......
Krsnaa Diagnostics hires banker for fresh PE funding
Krsnaa Diagnostics Pvt Ltd, which operates radiology and pathology centres through an asset-light model within third-party run hospitals, has hired an investment banking firm for its next round of private equity (PE) funding as it seeks to expand business, two persons privy to the development told News Corp VCCircle.The Pune-based ......
Hero MotoCorp buying up to 30% stake in Tiger Global-backed Ather Energy
Hero MotoCorp Ltd, the country’s largest two-wheeler maker, is making its biggest bet in the electric-vehicle segment after deciding to invest Rs 205 crore ($30.5 million) in Ather Energy Pvt. Ltd.The investment will give Hero MotoCorp a stake of 26-30% in Bengaluru-based Ather, which had previously raised funding from Flipkart ......
Construction firm PSP Projects files for IPO
Ahmedabad-based construction company PSP Projects Ltd has filed a draft prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering.The IPO comprises fresh issue of up to 7.2 million shares besides giving part exit to the company’s founders through a secondary market sale of 2.88 ......
CLSA Capital invests $15M in Earth Water Group
CLSA Capital Partners has invested $15 million in New Delhi-based Earth Water Group (EWG), a player in the water and wastewater management industry. A statement said that CLSA Capital Partners will pick up close to 20 per cent stake, which would imply an approximate valuation of $75 million. The funds ......
Startup funding deals drop this year as investors turn wary
The number of startups that got funding this year fell more than a fourth from last year as investors tightened their purse strings, according to a report from VCCEdge, the data research platform of News Corp VCCircle. The total disclosed value of funding deals for startups dropped 44% from a year ......
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