Deal Alert: Flipkart to be probed along with Bharti-Walmart for FDI violations
Economic Times The Enforcement Directorate will look into the alleged violation of FDI regulations by e-commerce company Flipkart Online Services and cash & carry retail chain Bharti Walmart. The RBI…
Deal Alert: Saab, QuEST establishes aero-structure assembly JV
Economic Times Bangalore-based engineering services firm QuEST Global has set up a 74:26 joint venture with Swedish defence and security company Saab to set up an aero-structure assembly venture. The…
Deal Alert: Y Combinator VC program sizes down funding to $80k
StartupCentral Mountain View, California-based Y Combinator, one of the world’s most successful start-up accelerators, has announced that as part of its ongoing venture capital program, it will now invest $80,000…
Deal Alert: Times Internet acquires online men mag MensXP.com
Times of India Times Internet has acquired MensXP.com, a lifestyle portal for men with channels including fashion, technology, health and entertainment. It was founded three years ago by entrepreneur Angad…
Deal Alert: The Hatch incubates online merchandise firm Poster Gully
The Hatch for Startups is incubating Poster Gully, an online store for posters, art prints, key-chains, stickers, badges, sweatshirts and other merchandise of popular bands, brands, schools & colleges. Aseem…
Deal Alert: Med devices firm OneBreath to raise $3-M from Omidyar, others
NextBigWHat Bangalore based OneBreath, a medical devices company, founded by A Vijay Simha, is to raise $3 million from a consortium of investors led by eBay founder Pierre Omidyar’s philanthropic…
Deal Alert: AdNear raises Rs.35-Cr from Canaan, Sequoia
Economic Times Bangalore-based AdNear, which offers a location-based mobile advertising platform, has raised Rs.35 crore in a first round of funding from VC firms Canaan Partners and Sequoia Capital India.…
Deal Alert: Tata Elxsi launches incubator for technology startups
Press Release Publicly listed Tata Elxsi has launched Incub@TE, an incubation center program to support entrepreneurs. The initiative is designed to create the next wave of product and service oriented…
Deal Alert: MakeMyTrip acquires majority stake Thailand’s ITC Group for $3.2 M
Press Release Nasdaq-listed MakeMyTrip Ltd. has acquired a majority equity interest in Thailand-based ITC Group for $3.2 million. The ITC Group comprises of International Tour Center Co. Ltd., ITC Bangkok…
Deal Alert: Patni brothers acquire stake in Grameen Capital; IFMR Trust exits
Economic Times Amit and Arihant Patni, the sons of Patni Computer co-founder Gajendra Patni, have bought a 43.17% stake in Grameen Capital India (GCI) from former investor IFMR Trust. The…