MSME

MSME

Shoppers Stop bets big on omni-channel strategy to boost biz

Opportunity India Desk Jul 16, 2018 - 3 min read

Brick and mortar retailer Shoppers Stop is betting big on an omni-channel retail strategy a combination of physical stores and online site to grow its business and aims to be completely debt-free by the end of this fiscal. The company, which exited non-core businesses last year by selling its stakes in Hypercity Retail, Timezone Entertainment ...

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Angels invest in doctor-patient engagement app MEngage

Opportunity India Desk Jul 16, 2018 - 2 min read

Jaipur-based MEngage Technologies Pvt Ltd, a doctor-patient engagement platform, has raised $175,000 (Rs 1.2 crore) in seed funding from a clutch of angel investors, a company statement said. The participating investors include Siddharth Agarwal, chief executive of apparels exporter firm Silk Asia and president of TiE Rajasthan; Mahavir Sharma, chairman of Rajasthan Angel Innovators’ Network ...

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Brand Capital invests Rs 3.42 cr in home diagnostics firm 5th Vital

Opportunity India Desk Jul 13, 2018 - 2 min read

Home diagnostics services provider 5th Vital has raised $500,000 (Rs 3.42 crore) from Brand Capital and a clutch of high net worth individuals (HNIs), co-founder Pratap Chandra said. Brand Capital, the ad-for-equity investment arm of media house Bennett Coleman & Co. Ltd (BCCL), alone brought in half the investment amount, he said. The HNIs are ...

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SuVitas set to raise 15 Cr expansion capital

Opportunity India Desk Jul 12, 2018 - 4 min read

Completing the largely existent care gap between hospitals and home, SuVitas Holistic Healthcare recently launched Bangalore’s first dedicated transition care facility in Domlur. In spite of having one of the fastest growing healthcare ecosystems of the country with improved tertiary care hospitals, Bangalore has been consistently falling short in providing quality follow up care for ...

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Venture Catalysts injects fresh funds into med-tech startup iNICU

Opportunity India Desk Jul 10, 2018 - 2 min read

Medical-technology startup iNICU (Integrated Neonatal Intensive Care Unit), which specialises in providing care for newborns, has raised an undisclosed amount in pre-Series A funding from incubation platform Venture Catalysts. The company said in a statement that the investment was led by Venture Catalysts angels Vishal Jhunjhunwala¸ Vikas Khandelwal, Dipan Dalal, and Vikas Kapoor. A few ...

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1Crowd, Birac Seed Fund invest in implant maker SynThera

Opportunity India Desk Jul 10, 2018 - 1 min read

Implant maker SynThera Biomedical Pvt. Ltd has raised an undisclosed amount from equity crowd-funding platform 1Crowd and the government’s Biotechnology Industry Research Assistance Council (Birac) Seed Fund. The seed investment will help the company expand and launch its first line of products in the market, said Nilay Lakhkar, founder and chief executive of SynThera. The ...

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ALTBalaji to enhance biz with Rs 500 cr investment over 3 years

Opportunity India Desk Jul 09, 2018 - 1 min read

Reliance Jio-backed Balaji Telefilms' video on demand platform ALTBalaji plans to invest up to Rs 500 crore over the next three years, majority of which will be to strengthen its content offerings. ALTBalaji, which began operations in April last year, is aiming to more than double its subscriber base to over 8 million (excluding Jio ...

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PE giant TPG to back home design startup Livspace with Rs 275 cr fund

Opportunity India Desk Jul 07, 2018 - 2 min read

Private equity giant TPG is set to make a $40-million (about Rs 275-crore) investment in online home design startup Livspace, striking its second consumer internet deal in India, people directly aware of the matter said. Livspace, founded by Anuj Srivastava and Ramakant Sharma, offers shoppable designs for all rooms, which can be selected from the ...

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Innoviti Payments invests Rs 20 Cr on building new tech solutions for PoS terminals

Opportunity India Desk Jul 06, 2018 - 1 min read

Digital payments company Innoviti Payments has invested Rs 20 crore in developing new technology solutions for its point of sales (PoS) terminals business to make it easier to convert purchases into monthly instalments. It has earmarked Rs 10 crore for promotion of this product. While the option of equated monthly instalments (EMI) at payment terminals ...

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TPG Growth’s Asia healthcare unit raises $50 mn from Temasek

Opportunity India Desk Jul 06, 2018 - 2 min read

US private equity giant TPG Growth’s healthcare platform is raising $50 million (Rs 342.7 crore) from Singapore state investor Temasek Holdings. Temasek is investing through wholly owned unit Sheares Healthcare, TPG Growth said in a statement. The deal is subject to closing conditions and regulatory approval, it added. Asia Healthcare, which is led by Vishal ...

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