MSME

MSME

Kalyan Jewellers to expand 20 new stores with Rs 1,000 cr investment in FY19

Opportunity India Desk Jul 05, 2018 - 2 min read

Kalyan Jewellers is planning to invest Rs 1,000 crore to add 20 stores in the country and also enter the US market in this financial year, a senior company executive said. "We will first invest Rs 500 crore to open 10 new stores in the next three weeks - one each in Indore, Kanpur, Ranchi, ...

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Eruditus Edu raises Rs 16 cr Venture Debt from InnoVen Capital

Opportunity India Desk Jul 05, 2018 - 3 min read

A Mumbai based firm Eruditus Executive Education has raised Rs 16 crores as venture debt from Asia’s leading venture debt and speciality lending firm – InnoVen Capital. Eruditus Executive Education offers global executive education programmes from some of the top global universities. The company will be using the funds for introducing new programmes to its ...

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UAE-based Phygicart plans Indian expansion with Rs 100-cr investment

Opportunity India Desk Jul 05, 2018 - 2 min read

Banking on its successful stint in the Gulf countries, Dubai-headquartered e-commerce and direct marketing firm Phygicart.com is foraying into India with an initial ?100-crore investment. Phygicart, which follows a hybrid method of combining digital and physical marketing, will flag off its India operations from Kochi on July 8. Phygicart was started by entrepreneurs Anish K. ...

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Myntra to invest $300 million in 3 years to boost buisness

Opportunity India Desk Jul 05, 2018 - 2 min read

With fashion being the second-most important category after smartphones for the Flipkart Group, its Myntra and Jabong units plan to invest $300 million over the next three years to improve market share, according to people familiar with Flipkart’s three-year outlook. Myntra-Jabong also expect to triple their gross merchandise value a proxy for gross sales—to $4 ...

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Auto services startup GoBumpr bags Rs 4 cr funding from Chennai Angels, Keiretsu

Opportunity India Desk Jul 03, 2018 - 2 min read

Northerly Automotive Solutions Pvt. Ltd, which operates automobile services platform GoBumpr, has raised $600,000 (around Rs 4 crore) in a pre-Series A round of funding from existing investors The Chennai Angels (TCA) and global investor network Keiretsu Forum. In a statement, GoBumpr said that the individuals who contributed on behalf of ...

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Volkswagen Group to back Skoda with 1 bn euros for Indian expansion

Opportunity India Desk Jul 03, 2018 - 2 min read

Skoda Auto India on Monday said that its parent Volkswagen Group will invest 1 billion euros in the company's expansion plan for the Indian market, wherein it will develop new products and increase localisation. According to the company, the investment into the expansion programme -- India 2.0 -- will be made ...

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Talwalkars Lifestyle to inject Rs 400 cr to boost expansion in the next 3-4 years

Opportunity India Desk Jul 02, 2018 - 2 min read

Talwalkars Lifestyles Ltd (TLL) plans to invest Rs 400 crore over the next 3-4 years to expand the gym business. It is also looking to foray into Bangladesh and Vietnam markets, a senior company official said. Talwalkars Better Value Fitness Ltd (TBVFL) has demerged its entire gym vertical into Talwalkars Lifestyle, which got listed on ...

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Camlin Fine Sciences bags $30 mn IFC Fund

Opportunity India Desk Jul 02, 2018 - 0 min read

International Finance Corporation plans to invest up to $30 million (Rs 205 crore) in Camlin Fine Sciences Ltd to partially finance the chemicals company’s capital expenditure plan. The capital infusion will be through a combination of debt and quasi-equity instruments, the World Bank’s private-sector investment arm said in a disclosure.

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Re-commerce firm Cashify raises $12 mn from Chinese Investors, EI

Opportunity India Desk Jun 30, 2018 - 1 min read

Online electronics selling platform, Cashify has raised $12 million (Rs 82.19 crore) in a Series C round led by Chinese alternative asset management firms CDH Investments and Morningside Group, a top company executive said. Existing investors Bessemer Ventures and Shunwei Capital also took part in the round. Chinese re-commerce firm Aihuishou ...

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Parent of Frapperz bags angel funding following pivot to AI-based recruitment

Opportunity India Desk Jun 30, 2018 - 1 min read

NumeroSeven Technologies Pvt. Ltd has raised an undisclosed amount in angel funding after pivoting from home services to start an artificial intelligence-based recruitment platform. The company, which had earlier this month changed its brand name from Frapperz to Spotle.ai, said in a statement that it had raised money from a clutch ...

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