Deal Alert: IFC to invest in IFMR Rural Channels
IFC is to make a quasi equity investment in Chennai-based IFMR Rural Channels & Services Pvt. Ltd., an investment & distribution company founded by the IFMR Trust. IFMR Rural provides…
Deal Alert: OCP Asia invests $15-M in HomeShop18
Hong Kong-based hedge fund OCP Asia Ltd. has invested $15 million HomeShop18, the Noida-based teleshopping arm of publicly listed Network18 Media & Investments Ltd. Network18 will also invest a similar…
Developers warming up to Retirement Homes
From Business Today: Retirement homes have always been a popular concept in the West. But they were relatively slow to take off in India where for the longest time they…
Deal Alert: AcceleratorHK now open to Indian startups
Hong Kong startup accelerator AcceleratorHK is announcing the second iteration of its 14-week program. The accelerator is accepting applications, both from local and overseas startups, between April 9 and April…
Deal Alert: Eventifier raises funding from Kae Capital
Eventifier, a Mangalore based startup promoted by Jazeel Ferry, Nazim Zeeshan and Mohammed Saud, has raised a round of funding from Kae Capital. Eventifier allows a user to collate all…
Deal Alert: Babycare e-tailer Babyoye acquires competitor Hoopos; raises $12-M
Online babycare products e-tailer Babyoye has acquired its competitor Bangalore-based Hoopos in an all stock deal. The merged entity has also raised funding of $12 million (Rs.64.8 crore) led by…
Deal Alert: Technology for Impact Accelerator announces the first batch of 16 startups
The Technology for Impact Accelerator program for business creating social impact, an initiative by CIIE- IIM Ahmedabad and Village Capital, has announced its first batch of 16 startups. The accelerator…
Deal Alert: Utkarsh Micro Finance raises Rs.20-Cr from existing investors
Varanasi-based microfinance institution Utkarsh Micro Finance has closed a Rs.20 crore round of equity financing led by existing investors Aavishkaar Goodwell, IFC and Norwegian Microfinance Initiative (NMI). The NBFC will…
Deal Alert: Inventus leads Rs.27-Cr Series B for Policybazaar.com
Gurgaon-based Etechaces Marketing and Consulting Pvt. Ltd., which runs online financial services platform Policybazaar.com, has secured about Rs.27 crore ($5 million) of Series B funding. The funding, led by Inventus…
Deal Alert: mPOS solution provider Mosambee raises $1-M from SIDBI Ventures
Mosambee, a Mumbai based mPoS solution provider, has raised seed funding of around $1 million from SIDBI Ventures. The funding will be used for marketing and scaling of services. Last…