ElecTorq Technologies, which makes delivery-oriented Baaz electric bikes, said it raised $2 mn from investors such as Kalaari Capital, AdvantEdge, 9Unicorns and Sumant Sinha to fund its expansion plans. The company focuses on delivery workers with its bikes and automatic battery swapping network. “We are getting bombarded with requests from gig workers to join our […]
Kochouseph Chittilappilly, the founder of V-Guard industries, said he has set up a company called K Chittilappilly Capital Pvt Ltd with the purpose of providing venture funding to entrepreneurs. In a letter to V-Guard industries, Chittalappilly — who founded V-Guard Industries as a voltage stabilizer maker four decades ago — said the new NBFC is […]
Yes Bank said it will lend Rs 750 cr to Mahindra Renewables Pvt. Ltd., part of the Mahindra Group, for constructing a 250 megawatt solar farm in the solar park at Rewa in Madhya Pradesh. The project has raised another Rs 200 cr from other financial institutions and achieved financial closure, the bank added. The […]
TeamLease Services, one of India’s largest staffing companies, said it has agreed to acquire 40% of Schoolguru Eduserve Private Limited, an Online Learning company that works with 18 Universities. Established in 2012, Schoolguru provides services to Indian Universities to help them deliver online courses for their students. It targets open universities or those that have […]
The amount of money invested or committed by private equity firms in India reached an all time high in the first nine months of this year, said Venture Intelligence, a research firm tracking unlisted company financials, transactions and valuations. PE firms invested about $17.6 billion in Indian companies as of September, overtaking the previous record […]
Department of Industrial Policy & Promotion has written to over 250 corporate houses in India, inviting them join it in setting up 70 start-up incubators across the country. Half of the centers will be set up in existing institutions — such as the IITs — while the other half will be set up as independent […]
Private equity and venture capital firms are largely bullish on India in the context of big economic reforms, but are awaiting the results of the ongoing Uttar Pradesh elections to assess the level of popular support that such policies enjoy, according to a survey by VCCircle. VCCircle, which tracks private investment activity in India, said […]
Anticipating a slow down in home sales in the coming months in the wake of the crackdown on ‘black money’, housing.com will restart its rental classifieds business soon. The portal, which had seen an ugly spat between founder Rahul Yadav and investors two years ago, had shut its rental listing last year to focus on the […]
Venture Factory, a Bangalore based venture builder platform, said it has introduced a entrepreneurial program which is aimed at middle and senior management level executives who will work under the company’s payroll to setup their entrepreneurial venture. The program, christened Entrepreneur-in-Residence program, has started inviting applications from middle and senior management level executives with strong domain […]
NDTV has closed funding for a new platform that will sell healthy foods and personal care products from across the country through its subsidiary- Smartcooky Internet Limited. Smartcooky.com is based on NDTV’s current food site — food.ndtv.com which has “almost 3 million unique visitors a month.” SmartCooky Internet Limited, has raised funds at a valuation […]
NDTV has finally announced that it has raised an unspecified amount of money by selling stake in its NDTV Gadgets portal. The investments have been made after valuing the unit at $50 mln (around Rs 325 cr). Interestingly, that amount is close to almost half of the value of the parent firm’s shares — which […]
Lifestyle brand Mad(e) In India plans to raise Rs 30 crore as part of Series A funding by end of 2015 to scale up and augment its market presence and operations. The firm uses a hybrid business model – both online and offline. Mad(e) In India is a premium lifestyle brand headquartered in Mumbai. It […]
Bangalore has overtaken Mumbai as the home to the biggest start-up investment scene, attracting about 30% of angel funding in India, said a report on ‘Angel Investing’ brought out by InnoVen Capital India and Association of Indian Angel Groups (AIAG). India Angel Report 2015 also found that the median angel funding round grew to Rs […]
Magicbricks, one of the players fighting it out in the highly competitive online real estate classifieds business, said it had implemented a full-fledged map search feature on its website. Map search, in which users can visually search for apartment complexes and photo-view are the two features that helped disruptive start-up housing.com to corner a large […]
NDTV, one of India’s biggest TV groups, has signed term sheets with unnamed investors under which they would explore the possibility of supporting NDTV’s entry into the ecommerce sector, the company said. “The Company and NDTV Convergence Limited, a subsidiary of the Company, have signed preliminary, non-binding term sheets with certain potential investors for e-commerce […]
The exit by US fund Bain Capital from Indian motorcycle maker Hero MotoCorp was the biggest in the second quarter of 2014, a report by Pricewaterhouse Coopers said. Bain Capital sold Hero MotoCorp shares worth $245 mln (close to Rs 1,450 cr), making it one of the biggest private equity exits of the year, according […]
The private equity investments in India sustained their past performance for the second quarter of the year (April to June 2014). PE firms invested 2.83 billion USD across 95 deals, registering a growth of 7 percent in value over the preceeding quarter. However there was a 20 percent drop in volume in this period. In […]
Piramal Enterprises Limited (PEL) and APG Asset Management, the Dutch pension fund asset manager, formed a strategic alliance for investing in rupee denominated “mezzanine” instruments issued by infrastructure companies in India with a target investment of US$ 1 billion over the next 3 years, the companies said. PEL and APG have each initially committed US$375 […]
Nykaa.com, an online beauty products seller, raised Rs. 20 crores through private investors including HNIs and NRIs to boost the expansion plans of the brand in the omni-channel retail space, including mobile, the company said. With this capital, Nykaa.com aims to grow 4 times this year and another 3.5 times by 2016, it said. It […]
Flipkart, India’s largest e-commerce platform, said it has raised $210 million (Rs 1,250 crore) from a consortium of investors led by DST Global – one of the leading global investment groups focused on Internet. Existing investors Tiger Global, Naspers, and Iconiq Capital also participated in the financing round, it said. The fund raising comes days […]
