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Ed-tech firm Edureka raises Rs 13 Funding from Leo Capital

Opportunity India Desk Jun 30, 2018 - 2 min read

Ed-tech startup Edureka has raised $2 million (Rs 13 crore) from venture firm Leo Capital in its first external round of investment a company statement said. The startup will use the money for its growth plans, including global expansion, accelerate innovation, and to hire senior executives, the statement added.

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Major Brands to expand Bath & Body Works with Rs 80 cr investment over next 2 years

Opportunity India Desk Jun 29, 2018 - 1 min read

American bath products and skin care giant Bath & Body Works have come to India with expansion plans of Rs 80 crore in the next two years. Major Brands has brought the brand to India. Its first two stores opened in Select City Walk in New Delhi and at the DLF ...

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JioPhone’s operating system provider KaiOS bags $22 mn funding from Google

Opportunity India Desk Jun 29, 2018 - 2 min read

The developer of an eponymous feature phone operating system that powers Reliance Industries Ltd’s low-cost JioPhone, KaiOS Technologies Inc. has raised $22 million (Rs 150 crore) in a Series A round of investment from Google. Google and California-based KaiOS have also agreed to work together to make the Google Assistant, Google ...

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Frontdesk AI raises $1.1 mn funding from Speciale Invest, Bay Area AI's

Opportunity India Desk Jun 28, 2018 - 1 min read

Artificial intelligence based startup, Frontdesk AI has raised USD 1.1 million funding from Speciale Invest and a group of angel investors from the Bay Area. A Palo Alto-based AI Firm Founded in 2017 by Srivatsan Laxman and Supriya Rao, Frontdesk AI offers an automated, full-service backup receptionist solution via messaging and ...

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Hyderabad-based KIMS Hospitals gets $130 mn fund from General Atlantic

Opportunity India Desk Jun 28, 2018 - 2 min read

Hyderabad-based Krishna Institute of Medical Sciences (KIMS Hospitals) has received an investment fund of over $130 million from Global growth equity firm General Atlantic. The investment is a combination of primary capital and secondary purchases to acquire a significant minority stake in the company. Set up in 2004 by Bhaskar Rao, ...

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Digital Payments firm MoneyOnMobile plans to pump $6.2 mn into India ops

Opportunity India Desk Jun 27, 2018 - 1 min read

US-based digital payments company MoneyOnMobile plans to inject $6.2 million into its India operations to fuel its expansion plans, according to its chief executive officer, Harold Montgomery. The company, which recently concluded a fundraising, intends to ramp it up its card-swiping terminals to 30,000 in the next six months from 5,000 ...

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Fintech startup Sqrrl gets backing from Equanimity Venture Fund in pre-Series A round

Opportunity India Desk Jun 26, 2018 - 2 min read

Delhi-based Sqrrl Fintech Pvt. Ltd, which owns and operates investment app Sqrrl, has raised $1 million (Rs 6.8 crore) in a pre-Series A round of funding from Equanimity Venture Fund, which counts emerging markets guru Mark Mobius as a member of its investment committee. In a press statement, the company said ...

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China's e-commerce player JD.com to get US $550 mn Backing from Google

Opportunity India Desk Jun 25, 2018 - 2 min read

Tech giant Google has confirmed its plans to invest US $550 million in cash into Chinese e-commerce player JD.com, in an apparent move to rebuild its presence in the country. “As part of a strategic partnership, Google will put US $550 million in cash into JD.com. In return, the tech giant ...

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Medical devices maker Tynor Orthotics gets $21 mn fund from PE firm Lighthouse, others

Opportunity India Desk Jun 25, 2018 - 1 min read

Mid-market private equity firm Lighthouse Funds has led a Rs 143 crore (around $21 million) investment in Tynor Orthotics Pvt. Ltd, which makes artificial support devices for various body parts. France-based manufacturer and distributor of medical devices Thuasne Participations, which had invested in Tynor in 2010, also put in money in ...

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Sixth Sense Ventures bets on Rakesh Jhunjhunwala-backed sports nutrition firm

Opportunity India Desk Jun 21, 2018 - 1 min read

Consumer-oriented venture capital firm Sixth Sense Ventures has marked its foray into the healthcare sector by investing in Fullife Healthcare Pvt. Ltd, which sells sports nutrition supplements under the brand Fast & Up. According to a press statement, Sixth Sense has picked up 10% stake by investing around Rs 10-15 crore ($1.4-2 million) in the ...

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