Microsoft to acquire LinkedIn for $26.2 bn
Microsoft Corp has agreed to acquire LinkedIn Corp for $26.2 billion in a deal that will combine the world’s biggest software maker with the largest global online network of professionals.This is the biggest acquisition by Microsoft ever and is nearly three times as large as the deal to acquire Skype ......
Consumer IoT startup Witworks raises angel funding from Fireside, others
Bangalore-based consumer IoT firm Witworks Consumer Technologies Pvt. Ltd. has raised an undisclosed amount of investment from Fireside Ventures, Investopad, P39 Capital and a syndicated group of angels.The round was led by Kanwaljit Singh (Fireside Ventures), Rohan Malhotra and Arjun Malhotra (Investopad) and Manish Singhal of pi Ventures in his ......
NSEL board sacks CEO Anjani Sinha and six top officials
The board of National Spot Exchange Ltd (NSEL) sacked its MD and CEO Anjani Sinha and six top officials, including CFO Shashidhar Kotian, and four department heads.According to the exchange, the board, which met on Tuesday, identified measures to be taken to solve the payment crisis at the beleaguered exchange ......
Online lending startup LoanTap raises $3 mn from HNIs
LoanTap Financial Technologies Pvt. Ltd, an online platform that offers EMI-free loans and overdraft products to salaried professionals, has secured $3 million (Rs 20 crore) from Mumbai-based affluent individuals Abhishek Pandey and Jaysukh Sapra, the company said in a statement.The firm will use the funds to expand its operations in ......
Speciality sauce maker Adinath Agro raising fresh funds
Pune-based sauce maker Adinath Agro Processed Foods Pvt. Ltd is in an advanced stage of talks with an existing investor to raise more funds for expansion, a person familiar with the development told VCCircle.The move to mobilise fresh capital comes less than a year after the company completed its first ......
Reliance Jio inks master services pact for sharing Reliance Communications’ intra-city fibre network
Reliance Jio Infocomm Ltd, the telecommunication unit of diversified business conglomerate Reliance Industries Ltd, has entered into a master services agreement with Anil Ambani-controlled Reliance Communications Ltd (RCOM) to share the latter’s fibre infrastructure in some 300 cities and towns across the country.The intra-city fibre network sharing deal with RCOM ......
I Squared-IFC platform to buy road project from IL&FS Transportation for $21 mn
Singapore-based Cube Highways & Infrastructure Pte Ltd, a joint platform of private equity firm I Squared Capital and International Finance Corporation (IFC), has agreed to acquire a road project from IL&FS Transportation Networks Ltd for Rs 140.37 crore ($21 million).The transaction is subject to certain conditions and approval from authorities ......
It’s difficult for a clinician to double up as CEO of a hospital chain: panelists at VCCircle Healthcare Investment Summit
A majority of practicing doctors in the country run their own clinics across the country and are in effect clinician cum entrepreneurs. However, as the healthcare service business scales up and takes a corporate shade, it is facing a unique challenge of balancing the role of the founder doctor and the ......
Alibaba may pick majority stake in Paytm’s e-commerce biz
Chinese e-commerce company Alibaba Group Holding is likely to pick a majority stake in the e-commerce business of One97 Communications Pvt Ltd, the company that also runs mobile payment and commerce platform Paytm.One97 will soon be separating its e-commerce operations from the mobile payment and commerce business. According to a ......
Deal discovery startup NearU gets funding from marketing guru Goutam Challagalla
Mumbai-based deal discovery startup NearU has raised an undisclosed amount in funding from Goutam Challagalla, a professor of marketing at business school IMD, Switzerland, it said in a statement.“The NearU team is excited to have Goutam Challagalla as one of its investors as his expertise in marketing will help it ......
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