WestBridge Capital co-founder leaving the firm
One of the four co-founders and managing directors of WestBridge Capital Partners, LLC, a private equity firm focused on investing in Indian public listed companies, is moving on, a person privy to the development told VCCircle.Surendra Kumar Jain, who led the recommendations on investments in AIA Engineering, Havells India, Idea ......
Fighting gender stereotyping: Meet five women entrepreneurs who overcame the odds
Taking up entrepreneurship is not easy but it is no longer alien to women in India. Many women have made a mark in the startup ecosystem and have shown what it takes to live their dream.Be it in e-commerce, fashion or digital payments, these women are scripting a success story ......
Freshdesk founder Girish Mathrubootham backs Hubilo
Ahmedabad-based events startup Hubilo Softech Pvt. Ltd has secured an undisclosed amount of angel funding from 12 investors, including Freshdesk CEO and co-founder Girish Mathrubootham, multiple media reports said.Hubilo will use the funds to develop its technology platform and grow its sales and marketing efforts, the Business Standard reported.The startup ......
Stayzilla appoints ex-Twitter exec Pankaj Gupta as product & tech head
Chennai-based Inasra Technologies Pvt. Ltd, which runs hotel booking site Stayzilla, has appointed former Twitter executive Pankaj Gupta as chief product officer and president of technology.In a blogpost, Gupta said that he will help Stayzilla build its technology platform. Accordingly, he is shifting from San Francisco to Bangalore.“Stayzilla opportunity falls ......
Bharti Airtel may sell controlling stake in telecom tower arm
Bharti Airtel Ltd said on Tuesday it had been approached by global investors interested in a controlling stake in its mobile masts unit Bharti Infratel Ltd.India’s largest phone carrier also reported its smallest quarterly profit in nearly five years, hurt by a price war.The news of the approach from unidentified ......
Economy round-up: Obama all praise for GST as it clears another hurdle
India on Thursday inched another step closer to ushering in an overhauled indirect tax regime as President Pranab Mukherjee gave his assent to the constitutional amendment bill for the Goods and Services Tax (GST).The constitutional amendment was passed by Parliament in August and has since been ratified by more than ......
Bharti Airtel explores IPO of Africa unit
Billionaire Sunil Bharti Mittal-led Bharti Airtel Ltd, India’s largest telecom operator, is exploring options to list its Africa unit on an international stock exchange.Airtel Africa, operated by Amsterdam-based Bharti Airtel International (Netherlands) BV, has initiated non-binding exploratory discussions with banks and intermediaries to evaluate a public offer and listing, the ......
How Cloudnine is scaling up India’s biggest birth care chain
Birthing is a painful and joyous process. And it was no different for a company that started with an aim to specialise in it. Kids Clinic India Pvt Ltd, which operates maternity and infant care chain Cloudnine Hospitals, got off to a flying start in 2007 with multispecialty hospital chain ......
Quadria invests in Rakesh Jhunjhunwala-backed Concord Biotech
India and Southeast Asia-focused healthcare private equity firm Quadria Capital has picked up a stake in Ahmedabad-based drugmaker Concord Biotech Ltd, marking its third deal in India from its maiden sector fund, a person close to the transaction told VCCircle.Helix Investment Holdings Pte Ltd, an investment entity associated with Quadria ......
Quikr acquires Sequoia- and Kalaari-backed Grabhouse
Online classifieds firm Quikr India Pvt Ltd has acquired Mumbai-based home rental startup Grabhouse, run by Cryptopy Technologies Pvt Ltd, Quikr said on its website on Monday.The deal value was not disclosed. “This strategic move will help the company address an acute pain point in India’s real estate market with a ......
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