Vikram Logistic Buys ETA Engineering’s Logistics Biz For Rs 141Cr
Vikram Logistic & Maritime Services Pvt Ltd, which is owned by London-listed Infrastructure India Plc, has acquired the logistics business of ETA Engineering Pvt Ltd in a deal worth £18 million (Rs 141 crore) that includes cash payment and assumption of debt. ETA’s logistics business operates under the brand name ......
Former Snapdeal exec Chandrasekaran invests in lingerie e-tailer Buttercups
Bengaluru-based online lingerie retailer Buttercups Bras Pvt. Ltd has raised an undisclosed amount in funding from Snapdeal’s former chief product officer Anand Chandrasekaran as well as existing investors Kanwaljit Singh and Manoj Varghese.The company said in a statement it will use the funds to accelerate growth plans and focus on ......
BGR Energy Systems elevates A Swaminathan as CEO
Engineering firm BGR Energy Systems has announced key changes in its top management close to two months after its founder and chairman and managing director BG Raghupathy passed away. The firm has appointed A Swaminathan as the joint managing director and CEO of the company with effective from October 1, ......
Violet Arch Hires COO, Heads For I-banking & NBFC Biz
Violet Arch Capital Advisors, a financial services start-up founded by former SBI Macquarie Infrastructure Fund CEO Varun Bajpai, has roped in four senior team members, including a COO and heads of investment bank and NBFC business.Indraneil Borkakoty, former head of capital markets at Nomura, who has 15 years of experience ......
US Realty Co Portman Holdings Picks Stake In Punes Tuscan Estate
US-based realty development and advisory firm Portman Holdings, LLC has acquired significant minority stake in Tuscan ......
Pokkt sells reward-based ad platform to Japan’s Adways
Japanese mobile marketing company Adways Inc. has acquired Pocket Money, an incentivising Android app, from mobile video advertising startup Pokkt.com for an undisclosed sum.Rohit Sharma, founder and CEO, Pokkt, said the startup decided to sell the application as it wants to focus more on mobile video advertising, its core business.The ......
IoT startup Briston Technomach nears pre-Series A funding
Briston Technomach Pvt. Ltd, a Delhi-based Internet of Things (IoT) startup, is in advanced talks to raise funding from a larger...
Ratan Tata, Ola founders back MadRat Games
Ratan Tata, chairman emeritus of Tata Sons Ltd and one of India's most active angel investors, and Ola founders Bhavish Aggarwal and Ankit Bhati have invested an undisclosed amount in Bangalore-based startup MadRat Games Pvt Ltd.Freshdesk CEO Girish Mathrubootham and Flipkart CEO Binny Bansal, an existing investor, also put money ......
FreeCharge’s Kunal Shah backs on-demand chef hiring startup Cookifi
Bangalore-based online chef and cook hiring platform Cookifi, run by Commercio Connectivity Pvt. Ltd, has raised an undisclosed amount in seed funding from investors led by Kunal Shah, chairman of FreeCharge, and Aneesh Reddy, co-founder and CEO of Capillary Technologies.Other investors include Tracxn Labs, Venkat Tadanki, CEO of Secova, Krishna ......
Malaysia’s Khazanah Exits Yes Bank At Over 2x
Malaysian sovereign wealth fund Khazanah Nasional Berhad has made approximately 2.3 times its investment in Yes Bank by selling its entire holding of 4.17 per cent on Monday.The shares were sold through a bulk deal at 1.2 per cent discount to the stock price on Friday, which means at Rs ......
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