Financial Services & Banks
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Opportunity India Desk Dec 20, 2018 - 1 min readSapphire Foods, which operates over 350 KFC, Pizza Hut and Taco Bell restaurants in India, Sri Lanka and Maldives, has raised Rs 225 crore in a fresh round of funding led by Edelweiss Private Equity. The funds raised will be used by the company for expansion activities. Sanjay Purohit, Group CEO of Sapphire Foods, said, “We believe there ...
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Opportunity India Desk Dec 15, 2018 - 1 min readLambdaTest, a cloud-based testing platform, has received a Pre-Series A funding of $1 million from Leo Capital, a venture capital firm. Earlier this year, the company raised angel investment of 400K USD from investors like Ramakant Sharma (Co-founder LivSpace), Lovleen Bhatia (Co-founder Edureka), Kapil Tyagi (Co-founder Edureka), and few angels from the United States. With this round ...
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Opportunity India Desk Dec 11, 2018 - 1 min readPureplay Skin Sciences (India) Pvt Ltd, selling Plum brand of skincare products, has raised a Series A round from Unilever Ventures, the private equity arm of consumer giant Unilever. Shankar Prasad, Co-Founder of Plum, said, "We weren't looking to raise money initially, but we realized that as the business grew, it needed money. Unilever Ventures ...
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Opportunity India Desk Nov 26, 2018 - 1 min readAltBalaji, Balaji Telefilms-owned over-the-top (OTT) platform, is expecting a revenue of Rs 150 crore in the next two and a half years. The subscription-led platform has 2.3 million active monthly users at present. Last year, AltBalaji had a revenue of Rs 7 crore. While it made an additional Rs 7 crore in the first three ...
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Opportunity India Desk Nov 01, 2018 - 1 min readDrug firm Strides Pharma Science has collaborated with funds advised by ICP-III Investment Advisors (ICP). ICP will invest $20 million into Strides Pharma Science's consumer healthcare business. Strides Pharma Science said, "Board of directors have approved the execution by Strides of definitive agreements with funds advised by ICP-III Investment Advisors (ICP) to provide growth capital and ...
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Opportunity India Desk Oct 31, 2018 - 1 min readOnline medical supplies aggregator Medikabazaar has raised $5 million in Series A round of funding led by healthcare-focussed venture capital firm Healthquad Advisors. Other investors in the Series A round include Japan-based Mitsui Sumitomo Insurance Venture Capital, Sasaki Foods and CBC Co Ltd, Belgium-based Kois Invest, and Ireland-based Elan Corporation. Existing investors such as Rebright ...
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Opportunity India Desk Sep 17, 2018 - 1 min readThe Karnataka Government under its Elevate programme has shortlisted 77 startups for funding up to a maximum of Rs 50 lakh per startup. The programme is run under the Start-up Karnataka initiative of the Ministry of IT-BT and S&T. Launched in 2017 by Karnataka, Elevate is a startup initiative which is expected to identify and ...
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Opportunity India Desk May 26, 2018 - 2 min readSingapore’s LifeSight, a location intelligence platform powered by artificial intelligence has raised $2 million (Rs 13.5 crore) in a pre-Series A round led by the shareholders of Indonesia-based investment firm Provident Capital Partners, a company statement said. The firm will use the funds to grow its engineering and data science capabilities ...
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Opportunity India Desk May 26, 2018 - 2 min readBonphul Air Products Pvt. Ltd, which makes an oxygen optimiser called OxyMax, has received Rs 2 crore (around $293,000) in angel funding. As per the company statement, the fresh capital was raised from Atul Gupta and Saurabh Rastogi, directors at computer spare parts firm Rx Infotech and packaging and food processing ...
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Opportunity India Desk Apr 02, 2018 - 1 min readMedical herbs supplier Carmel Organics Pvt. Ltd, has received an undisclosed funding from Impact investor Ankur Capital. As per the statement by Ankur Capital, the Madhya Pradesh-based company will use the capital to fund its global expansion plans. Carmel Organics, which was founded in 2012 by Shailendra Dhakad and Rajesh Sagitla, sources raw herbs from ...