Why Indian Tech Startups are migrating to Singapore
“From an Entrepreneurs’ perspective, Singapore is a great place to operate from. If you are starting a (VC fundable) venture now, I would recommend having your headquarters/holding company in Singapore…
Profle of Strides Arcolab Founder Arun Kumar
In February 2013, the publicly listed Strides sold its injectable medicine business, Agila Specialties, to US drug giant Mylan Inc. From the Business Today profile: Son of a government official,…
Deal Alert: Canbank VC invests Rs.20-Cr in Guwahati’s GNRC hospital
Bangalore-based Canbank Venture Capital Fund has invested nearly Rs.20 crore in GNRC Hospitals which is setting up an 300-bed hospital in North Guwahati. The total project cost is close to…
Deal Alert: Accel Partners invests $6-M in Power2sme
VC firm Accel Partners has invested around $6 million (Rs.32 crore) in Power2sme, a Gurgaon-based online buying platform for SMEs. The deal, which comes nine months after the company raised…
Deal Alert: eHealth TBI looking to raise Rs.100-Cr early stage VC fund
eHealth TBI is looking to raise at least Rs.100 crore for an early stage VC fund, with another Rs.50 crore as a green shoe option. So far it has secured…
Deal Alert: Kushal Tradelink files for Rs.27.8 Cr IPO
Ahmedabad-based paper treader Kushal Tradelink has filed the DRHP for an IPO of 79,30,000 equity shares at a price of Rs.35 each aggregating to Rs.27.75 crore, constituting 33.42% of the…
People News: Sandeep Singh to replace Sujal Shah as Freecultr CEO
Sujal Shah, co-founder and CEO at Freecultr.com, has stepped down from his position at the company. Shah will be replaced by Freecultr co-founder Sandeep Singh. Prior to this, Singh worked…
Deal Alert: India Finsec files for IPO
New Delhi-based NBFC India Finsec has filed the DRHP for an IPO of 6,000,000 equity shares aggregating to Rs.6 crore, constituting 30.86% of the post issue paid up capital of…
Deal Alert: E-commerce focused logistics provider vDeliver scouting for funds
New Delhi-based vDeliver, which provides logistics services to e-commerce startups, is looking to raise angel funding. The company, co-founded by Ruby Singh, Abhinav Kumar, Aditya Kumar Batra and Rajat Kumar,…
Deal Alert: Self-drive car rental firm Zoom raises $230 K
Bangalore-based car rental service Zoom which launched recently has raised $230,000 of seed capital from high net worth investors and angel groups in the US, UK, and India. Marquee investors…