ICICI Venture raises bulk of fourth sector-agnostic private equity fund
ICICI Venture, the private equity arm of India's largest private-sector lender ICICI Bank, has raised majority of its targeted corpus under its new sector-agnostic fund and is now looking to wrap up the fundraising process over the next one year.The PE firm has received commitments for an additional $50 million ......
Rajen Padukone, MD & CEO of Manipal Hospitals on recent acquisitions, healthcare investing
Rajen Padukone, MD and CEO of Bangalore-based Manipal Health Enterprises Ltd which runs tertiary care hospitals in the country speaks about the journey of the company till now and its plans going ahead. Padukone discusses why the company decided to invest in IVF, other single specialty sectors it plans to ......
Hero FinCorp raises $105 mn from ChyrsCapital, Credit Suisse
Non-banking financial company (NBFC) Hero FinCorp Ltd said on Thursday it has raised Rs 702 crore ($105 million) from private equity firm ChrysCapital and Swiss financial services firm Credit Suisse to fuel expansion over the next 12 to 18 months.The Delhi-based company also got an additional Rs 300 crore from ......
Ratan Tata backs food-tech firm Idea Chakki
Food-tech startup Idea Chakki Pvt. Ltd has secured an undisclosed amount of seed funding from Ratan Tata, chairman emeritus of Tata Sons Ltd.The Delhi-based firm has also tied up with Enablers, a fundraising platform for startups, for its next round of funding, it said in a statement.Idea Chakki said it ......
QSR chain Mani’s Dum Biryani raising fresh funding
Bengaluru-based HO Food Services Pvt. Ltd, which owns quick service restaurant (QSR) chain Mani’s Dum Biryani, is raising a fresh round of funding from a Chennai-based investor, the company’s co-founder said.Jayanth Narayanan told VCCircle the company will use the money mainly to open five to seven new restaurants that will ......
S Chand & Co in talks to acquire Kolkata publishing house
Education-focused publishing house S Chand & Company Pvt. Ltd is set to acquire a large regional publisher in Kolkata in what could be one of the biggest deals in the industry, a person privy to the development told VCCircle.S Chand is in advanced talks to acquire Chhaya Prakashani Pvt. Ltd, ......
BlackSoil Capital offers $2.2 mn in venture debt to deals site Nearbuy
Deals and discounts site Nearbuy has raised venture debt of Rs 15 crore (about $2.25 million) from non-banking financial company BlackSoil Capital Pvt. Ltd.The Gurgaon-based company plans to use the capital to invest in customer and merchant technology, it said in a statement.This is the first debt transaction for Nearbuy ......
Shalby Hospitals eyes IPO, shortlists banks
Ahmedabad-based multi-specialty hospital network Shalby Hospitals, which earns half of its revenues from joint replacement surgeries, is preparing for a public listing, a senior company executive told VCCircle.The firm has shortlisted at least five merchant banks and is targeting the second quarter of FY2017-18 for a listing, Shalby Hospitals’ CEO ......
Vistra charts international growth plans for IL&FS Trust business lines
The Hong Kong-based Vistra Group Ltd is charting plans to take the new business line of corporate trust services to the global markets following the acquisition of IL&FS Trust Co. Ltd (ITCL), India’s largest independent corporate trust services provider, a top executive told VCCircle.The company that provides tailored trust, fiduciary, ......
Quikr acquires Hiree to enter white collar jobs space
Online classifieds firm Quikr has forayed into the white collar jobs space by acquiring IDG Ventures-backed Abhiman Technologies Pvt. Ltd which runs portal for white collar jobs Hiree.com, it said in a statement.Hiree said its platform will be merged with QuikrJobs and the company will function out of Quikr’s headquarters ......
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