Blow-by-Blow Accounts on Private Equity-Promoter Blowups
Economic Times has a roundup up of the various recent blowups between Indian promoters and their Private Equity investors. The article starts with how employees of Sagar Ratna restaurants –…
Deal Alert: Acumen, Dell Foundation invest in vocational education firm LabourNet
Bangalore-based LabourNet Services, a company that offers vocational training and services for informal sector workers, has raised funding from Acumen and Michael & Susan Dell Foundation. The company has enabled…
Deal Alert: IQ, 5ideas, Flipkart co-founder back shopping reco site operator Relevant E-Solutions
Relevant e-solutions Pvt. Ltd, which owns the fashion recommendation platform Roposo and gift recommendation platform giveter, has received its first round of funding from India Quotient, Startup Superfuel and Binny…
Deal Alert: Unitus Seed Fund, IAN back handicrafts e-marketplace GoCoop
Bangalore based online marketplace for co-operatives and community based enterprises GoCoop has raised funding from Indian Angel Network and impact investor Unitus Seed Fund. The IAN investment was led by…
Deal Alert: Unitus Seed Fund backs eye screening startup Welcare
Chennai-based eye screening starutp Welcare Health Systems has raised seed funding from impact investor Unitus Seed Fund. Welcare operates low cost screening services in existing health centers making them accessible…
Deal Alert: Gaurav Burman invests in Singapore-based Bitcoin exchange itBit
Dabur scion Gaurav Burman has invested in itBit, a Singapore-based Bitcoin exchange, and plans to bring the platform to India over a period of time. The exchange is building a…
Deal Alert: Ennovent, Ankur Capital, others back Assam eye care chain ERC
Ennovent Impact Investment Holding and Ankur Capital along with Ennovent Circle members, Beyond Capital Fund and Sadeesh Raghavan closed an angel investment round in Assam-based eye care company, ERC Eye…
Deal Alert: Online art firm Springr gets seed capital from TiE-Kerala
Springr, a Kerala based start-up platform for Art, today received an angel funding of Rs 3.5 lakh from TiE (The Indus Entrepreneurs) Kerala in the form of an interest-free loan.…
Deal Alert: Moody’s buys KPO Amba Research; deal size estimated at $90-M
Global credit rating agency Moody’s has acquired knowledge process outsourcing (KPO) services firm Amba Investment Services which provides investment research and quantitative analytics for global financial institutions. Post-acquisition, Amba will…
Deal Alert: IDG Ventures leads Rs.21-Cr second round for financial data firm Heckyl
Financial data analytics startup Heckyl Technologies has raised a second round of funding led by IDG Ventures India. The Mumbai-based company will receive INR 21 crore with participation from existing…