A Goldman Sachs unit has acquired the student housing facilities of a private university in north India at an enterprise value of ₹900 crore (about $120 million), said two people aware of the development. Good Host...
Ula raises $10.5 million from Sequoia, Lightspeed India
Small-retailers focussed marketplace app Ula has raised seed funding of $10.5 million led by Sequoia India and Lightspeed India. Indonesia-based venture capital fund, SMDV, growth-stage fund Quona Capital, early stage...
Anand Mahindra invests $1 million in social media startup Hapramp
Anand Mahindra, chairman, Mahindra Group has invested $1 million in Hapramp, a blockchain-based social media startup. Gurugram-based Hapramp will use the seed funding to work on big social media challenges such as user...
Bharti Airtel arm buys additional 6.3% stake in Bangladesh’s Robi Axiata
Bharti Airtel on Tuesday said its subsidiary has acquired an additional 6.3 per cent stake in Bangladesh’s telecom operator Robi Axiata from NTT Docomo for an undisclosed sum. The all-cash deal will raise the...
Deutsche Bank-led consortium puts Jindal Thermal deal on hold
A consortium led by Deutsche Bank, which won a bid to acquire Jindal India Thermal Power Ltd’s (JITPL) debt, has placed the transaction on hold. The consortium was the sole bidder for the asset, putting paid to any...
IL&FS sells stake in GIFT City to pare debt
Infrastructure Leasing and Financial Services (IL&FS), which has a bad debt burden of over ₹1 trillion, on Monday completed the sale of its 50% stake in Gujarat International Finance Tec-City Co. Ltd (GIFTCL) to the...
Shriram Transport jumps 6% after T. Rowe Price hikes stake in company
Shares of Shriram Transport Finance Company (STFC) rose 6.4% after US-based global investment management firm T Rowe Price raised its stake in the company to 5.36% from 4.77% earlier. At 0130pm, Shriram Transport traded...
HealthPlix Technologies raises $6 mln in Series B round led by JSW Ventures
Healthtech startup HealthPlix Technologies has raised $6 million as a part of its Series B round, led by JSW Ventures. Existing investors Chiratae Ventures and Kalaari Capital also participated in the round. With this...
Yolobus raises $3.3 mln in Series A; hygiene and safety focus amid covid-19
Gurgaon-based start-up Yolobus on Monday said it has raised a $3.3 million Series A round of financing. The round was led by Nexus Venture Partners and India Quotient. Suvir Sujan, managing director of Nexus Venture...
Arkam Ventures gets ₹325 crore for its fund to invest in early-stage technology startups
Homegrown venture fund Arkam Ventures, previously known as Unitary Helion, said it has received commitments of ₹325 crore for its fund of ₹700 crore to invest in early-stage technology startups. The new fund’s investors...
Health-focused PE firm InvAsent invests ₹70 crore in eye care chain Sharp Sigh
Healthcare-focused private equity (PE) firm InvAscent on Friday said it has invested ₹70 crore in Sharp Sight Group of Eye Hospitals. The funds will be used for the New Delhi-based company’s expansion over the...
Tatas rule out immediate plan to sell assets to shore up finances
Tata Sons Ltd has ruled out any immediate plans to sell assets to shore up its finances because of the coronavirus pandemic that has hammered Indian companies. The holding company of Tata Group, in a statement on...
