MSME

MSME

Healthcare startup Docturnal raises funds from Mumbai Angels Network

Opportunity India Desk Sep 26, 2018 - 1 min read

The healthcare startup Docturnal, focused on non-invasive tuberculosis screening solutions, has raised an undisclosed amount of funds from Mumbai Angels Network. 11 investors from Mumbai Angels Network have invested in the Hyderabad-based startup. These investors include Akshay Mittal, Founder of basmati rice maker Sagar Basmati Rice; angel investor Abhijeet Birewar; and Shantanu Agarwal, Executive Director at automotive furnishing ...

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Iba Halal Care raises $3 million in Series-A Funding from Addvantis

Opportunity India Desk Sep 21, 2018 - 1 min read

Iba Halal Care, India’s only Halal-certified cosmetics brand, has raised $3 million in Series-A Funding from Bengaluru-based Addvantis Enterprises. Addvantis is a startup that sells herbal cosmetics under the Vedaearth brand. Ahmedabad-based Ecotrail Personal Care Pvt. Ltd., which owns the Iba Halal Care brand, will use the new funds for national expansion and entering into ...

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Edtech startup CollegeDekho raises $8 million in Series B funding

Opportunity India Desk May 08, 2019 - 1 min read

Gurugram-based CollegeDekho.com has raised $8 million in Series B funding led by existing investors GirnarSoft and London-based Man Capital. The fresh capital will be used by the company for expansion, research, product development and technology enhancement. Edtech startup offers a platform that facilitates interaction between students and colleges. Ruchir Arora, Co-Founder and CEO, CollegeDekho.com, said, "The current ...

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Mitsubishi makes investment of Rs 1.8 billion in Shriram housing project

Opportunity India Desk Sep 07, 2018 - 1 min read

Marking entry into the Indian real estate sector, Japan’s Mitsubishi Corporation has made an investment of about Rs 1.8 billion in an ongoing residential project of Shriram Properties in Chennai. Mitsubishi Corporation and Shriram Properties have signed definitive agreements for partnership in the Chennai project named “Shriram Park 63”. The residential project is spread over ...

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Overseas investor in talks with Reliance Home Finance for equity investment

Opportunity India Desk Sep 05, 2018 - 1 min read

Anil Ambani-controlled Reliance Home Finance Ltd (RFHL) is in talks with an overseas institutional investor for potential equity investment in the mortgage lender. It is not specified if the investment is a fresh infusion of capital or monetization of part of existing stake held by investors. RHFL said, “Reliance Home Finance has entered into exclusive ...

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CitiusTech makes investment in healthcare consultant FluidEdge Consulting

Opportunity India Desk Aug 30, 2018 - 1 min read

CitiusTech, a leading provider of healthcare technology solutions and services, has made an investment in FluidEdge Consulting, a healthcare management consulting company headquartered in Philadelphia. CitiusTech, founded by IIT-Bombay graduates Rizwan Koita and Jagdish Moorjani in 2005, had last raised $111.25 million from private equity giant General Atlantic in March 2014. Rizwan Koita, Chief Executive of ...

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Colgate-Palmolive acquires 14% stake in Bombay Shaving Company

Opportunity India Desk Aug 23, 2018 - 1 min read

Colgate Palmolive's Asia Pacific unit has acquired a 14% minority stake in Bombay Shaving Company, India based men's grooming firm, for an undisclosed amount. The initial investment is fixed at Rs 18 crore. Founded in 2016, Bombay Shaving Company started with about 6 products. Today, it has a portfolio of 32 products across shaving, bath and ...

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Indian Oil to invest Rs 1.75 lakh crore for expansion: Chairman Sanjiv Singh

Opportunity India Desk Aug 07, 2018 - 2 min read

Country’s leading firm on the Fortune 500 list, Indian Oil Corporation has drawn up an ambitious Rs 1.75 lakh crore investment plan to expand its production capacity. In the company's latest annual report, IOC chairman Sanjiv Singh said that the refining capacity will be enhanced to 150 million tonnes of petroleum products per annum by ...

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Regeneron backs bluebird with $100 mn, jointly work on cancer therapies

Opportunity India Desk Aug 06, 2018 - 1 min read

Regeneron Pharmaceuticals Inc has announced to invest $100 million in cancer drug developer bluebird bio Inc, and jointly the companies will develop new cell therapies for cancer. The investment will be at $238.10 per share, a premium of nearly 59 percent over bluebird's Friday closing price. Bluebird bio's shares were up about 7 pct at ...

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Pre-school language app OckyPocky gets angel backing

Opportunity India Desk Aug 06, 2018 - 1 min read

WhizKidz Media Pvt Limited owned language learning app for pre-school kids OckyPocky, has raised an undisclosed angel fund from a startup-focused growth catalyst firm, ah! Ventures. The startup will utilize the funds to expand its user base to the pre-school market in Tier 2 and 3 centres and to tap non-resident Indian kids via a ...

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