MSME

MSME

SmartE eyes raising $20 million to expand its operations

Opportunity India Desk Dec 03, 2018 - 1 min read

SmartE, India's largest electric vehicle fleet operator, is planning to raise around $20 million to expand its operations in 20 major cities across the country over the next four years. Currently, the Gurugram-based firm is operating a fleet of around 1,000 electric three-wheelers primarily in Delhi/NCR region. In order to cater to expected demand across ...

Share
MSME

Facebook invests $1 million in CodePath.org to boost computer education among minorities

Opportunity India Desk Nov 30, 2018 - 1 min read

The social networking giant Facebook has invested $1 million in US-based nonprofit CodePath.org. The investment is made in order to boost computer science education among underrepresented minorities and women. CodePath.org offers computer science education to female and minority students at universities around India. Michael Ellison, Founder at CodePath.org, said, "Today, we're excited to announce that ...

Share
MSME

PremjiInvest strikes a deal by investing in Koye Pharmaceuticals

Opportunity India Desk Nov 29, 2018 - 1 min read

PremjiInvest, the family office of Wipro Ltd Chairman Azim Premji, has invested in Mumbai-based Koye Pharmaceuticals Pvt Ltd. The financial details of the transaction have not been disclosed. This investment will help Koye to strengthen its position in the domestic formulation market and pursue newer business avenues. This is PremjiInvest's first investment in a pharmaceuticals ...

Share
MSME

Bosch Home Appliances to invest 100 mn Euro for expansion in India

Opportunity India Desk Nov 29, 2018 - 1 min read

Bosch Home Appliances will invest 100 million euros over the next 3-4 years in the Indian market. The investment will be used towards the development of personalised products, brand building and strengthening its technology centre in the country. The company will also use the investment to set up a robust refrigerator factory to bring its ...

Share
MSME

GOQii raises undisclosed amount in Series-B round of funding from Mitsui

Opportunity India Desk Nov 28, 2018 - 1 min read

GOQii, the preventive healthcare platform, has raised an undisclosed amount in a Series-B round of funding led by Japanese conglomerate Mitsui & Co. Both the companies, along with the investment, have also agreed for joint collaboration. With this investment, GOQii will penetrate further across India and will also mark its entry into Japan. Vishal Gondal, CEO of GOQii, ...

Share
MSME

Leading EdTech platform Vedantu raises $11 million

Opportunity India Desk Nov 26, 2018 - 1 min read

Vedantu, a leading EdTech platform and pioneer of the 'live online, interactive' class, has raised funds of $11 million. The funding round was led by Omidyar Network with participation from Accel & overseas Education conglomerate. Vedantu aims to deploy the majority of these funds for further technology development to create a more personalized LIVE learning ...

Share
MSME

SoftBank May Invest $200 Million In Baby Care Startup FirstCry

Opportunity India Desk Oct 25, 2018 - 1 min read

Japanese investment powerhouse SoftBank is exploring a $200 million investment in Pune-based baby and mother care portal FirstCry. If the deal goes through, it will value FirstCry at about $800-900 million, a nearly 100% increase from its current valuation of $350 million. FirstCry retails baby care products both online and offline. A person aware of ...

Share
MSME

PNB Housing Finance eyes pan-India expansion

Opportunity India Desk Oct 22, 2018 - 1 min read

PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). PNB Housing is promoted by Punjab National Bank (PNB). With over three decades of specialised experience in housing finance, PNB Housing has a robust network of branches spread across the country which help its customers avail financial services (loans ...

Share
MSME

US-based VMware looks to invest $2 billion in India over next 5 years

Opportunity India Desk Oct 18, 2018 - 1 min read

VMware, a US-based IT company, is looking to invest $2 billion in India over the next five years for expanding its business and workforce. The $2 billion investment will enable the company to expand offices in Bangalore and Pune as well as increase workforce and capital expenditure for both research and development (R&D) and to ...

Share
MSME

Mercury Sports is planning to raise Rs 100 crore

Opportunity India Desk Oct 04, 2018 - 1 min read

In order to build an ecosystem for mixed martial arts in India, Mercury Sports Entertainment, the India master franchise holder of Brave Combat Federation (Brave CF), is planning to raise Rs 100 crore. The company looks to raise the funds for opening a chain of around 50 Brave-branded gyms across the country. It is also ...

Share