Alibaba-backed Best Inc said on Friday it would sell its express delivery business in China to J&T Express Co. Ltd. in a deal valued at about 6.8 billion yuan ($1.06 billion). “In light of the unexpected...
Purplle raises $75 mn from Kedaara Capital
Online marketplace for beauty and personal care products Purplle.com has raised $75 million funding from private equity firm Kedaara Capital, it said on Friday. The announcement comes six months after the company...
Trentar acquires 75% stake in drone propulsion system startup Trishula
Trentar Pvt Ltd has recently announced that it has acquired a 75% stake in Hyderabad-based Trishula, a UAV propulsion system startup. “This acquisition will focus on making India independent and self-sufficient in the...
Wiggles.in raises $5.5 million in pre-series A round led by Anthill Ventures
Direct-to-consumer (D2C) pet care brand Wiggles.in has raised $5.5 million in a pre-Series A funding round led by Anthill Ventures, with participation from Panthera Peak Ventures and a few other new and existing...
Marengo Asia Healthcare to invest ₹450 cr in Ahmedabad’s CIMS Hospital
Marengo Asia Healthcare, a healthcare platform set up by Samara Capital and the family offices of Havells and Godrej groups, on Thursday said it is investing ₹450 crore in CIMS Hospital, Ahmedabad, for an undisclosed...
SpiceJet unit settles dues with Canara Bank at NCLT
SpiceJet Merchandise Pvt. Ltd, a subsidiary of no-frills carrier SpiceJet Ltd, on Wednesday agreed to make pending payments to public sector lender Canara Bank regarding a two-year-old acquisition, two people with...
Iconix-Reliance JV in India to acquire Lee Cooper brand rights
Iconix Lifestyle India, an equal joint venture between Reliance Brands and Iconix Brand Group Inc, on Wednesday announced the acquisition of IP rights in India of the iconic British brand Lee Cooper for an undisclosed...
Swiss Re to buy a 23% stake in Paytm arm
Switzerland-based reinsurance company Swiss Re will invest ₹920 crore ($127 million) in Paytm’s general insurance business for a 23% stake on a fully diluted basis, the Noida-based financial services company said on...
Lotus Herbals picks up 32% stake in dermaceuticals maker Fixderma India
Beauty and personal care products company Lotus Herbals on Wednesday said it has bought a 32% stake in dermaceuticals maker Fixderma India. The investment will give Lotus Herbals entry into the dermaceuticals segment in...
Rakesh Jhunjhunwala-backed company acquires stake in Rusk Media
Rakesh Jhunjhunwala-backed Nazara Technologies on Tuesday said it has acquired stake in Rusk Media Ltd for about ₹2 crore. “The company on October 25 has acquired 1,601 equity shares of ₹10 each in Rusk Media and...
IRB Infra looks to raise ₹5,347 crore from Ferrovial, GIC
Ferrovial will invest up to ₹3,180 cr for a 24.9% stake in IRB Infras, while GIC will invest up to ₹2,167 cr for a 16.9% stake IRB Infrastructure Developers Ltd on Tuesday said it would raise as much as ₹5,347 crore...
Actor Malaika Arora invests in Ayurvedic brand Kapiva
Homegrown direct-to-consumer Ayurvedic nutrition brand Kapiva has found a brand ambassador and investor in model and television personality Malaika Arora, known for being a fitness enthusiast and her penchant for...
