MSME

MSME

E-lending startup CreditMate gets Rs 67 cr Fund from Paytm

Opportunity India Desk Jun 05, 2018 - 1 min read

Online payments platform, Paytm has announced to invest $5-10 million (about Rs 33.5-67 crore) in Mumbai-based digital lending startup CreditMate in the second round of funding after it first infused an undisclosed sum in late 2017, according to people close to the development. CreditMate chief executive officer Jonathan Bill said that ...

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Logistics startup Hey Deedee gets 3.3cr in Pre-seed funding from Metaform Venture

Opportunity India Desk Jun 04, 2018 - 2 min read

Mumbai-based logistics service startup, Hey Deedee which is touted as India’s only all-women last-mile logistics services firm, has raised pre-seed funding of $500,000 (Rs 3.3 crore) from early-stage investor Metaform Ventures LLC. The startup plans to invest the funds mainly to expand its footprint from four cities to 10 cities this ...

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Alibaba to inject 100 bn yuan for smart logistics

Opportunity India Desk Jun 01, 2018 - 1 min read

Chinese e-commerce giant Alibaba Group has announced its investment plan of over 100 billion yuan to build a smart logistics network, aimed at improving the company's efficiency and delivery reach to customers. Executive Chairman of Alibaba group, Jack Ma made the announcement at the 2018 Global Smart Logistics Summit in Hangzhou, ...

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Lending startup CoinTribe gets backing from Sabre Partners, EI in series A Round

Opportunity India Desk Jun 01, 2018 - 2 min read

Credit-based lending marketplace for small and medium enterprises (SMEs), CoinTribe has secured around $10 million (Rs 67 crore) funding in a Series B round led by India-centric mid-market private equity firm Sabre Partners, a company statement said. Existing investor Puneet Dalmia, managing director of Dalmia Bharat Group, also participated in the ...

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M&M plans to expand EV portfolio, to invest Rs 500 cr in Chakan plant

Opportunity India Desk Jun 01, 2018 - 2 min read

In a bid to expand its electric vehicles portfolio, Mahindra & Mahindra (M&M) today has confirmed to invest an additional Rs 500 crore at its Chakan plant in Maharashtra. The utility vehicle major today inked two pacts with the state government regarding EVs. In a statement issued today, M&M ...

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Goldman, others back Oncology firm Cytecare with $31 mn Series A Fund

Opportunity India Desk Jun 01, 2018 - 2 min read

Cancer care provider Cytecare Hospitals Pvt. Ltd has announced to have raised $31 million (around Rs 210 crore) in a Series A round of funding led by global investment bank Goldman Sachs. A group of domestic and international individuals also participated in this funding round along with Goldman, said Ferzaan Engineer, ...

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Manpasand to set up Rs 150-cr manufacturing unit in Odisha

Opportunity India Desk May 31, 2018 - 2 min read

Manpasand Beverages, which is stressed over the sales dip has decided to set up a fruit juice manufacturing facility at Chhatabar Industrial Area, Khurdha in Odisha, at an investment of Rs 150 crore, a top executive said today. Odisha chief minister Naveen Patnaik performed groundbreaking ceremony for the plant yesterday.

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BCCL to Invest $52 mn in natural products marketplace Qtrove in ad-for-equity deal

Opportunity India Desk May 30, 2018 - 2 min read

Bennett, Coleman & Co. Ltd (BCCL), a media conglomerate better known as the publisher of English daily The Times of India, will invest $52 million (Rs 350 crore) over five years in Qtrove, a marketplace for natural eco-friendly handmade products such as bakery goods, honey and soaps, in an ad-for-equity deal.

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Time Technoplast to get $40 mn from IFC in debt funding

Opportunity India Desk May 30, 2018 - 2 min read

The private-sector investment arm of the World Bank, International Finance Corporation has announced to provide Rs 260 crore ($40 million) to Mumbai based Time Technoplast Ltd in debt funding. The company will use the money to finance its capital expenditure plans, including those at its existing factories at Daman, Silvassa and ...

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Fortis Healthcare offers fresh bids for minimum of Rs 15 billion investment

Opportunity India Desk May 30, 2018 - 2 min read

Fortis Healthcare has invited fresh bids for an investment of at least Rs 15 billion in the country’s second-largest hospital chain providing an opportunity for existing bidders and new suitors to make an offer. They will be given an opportunity to undertake due diligence and will have access to financial data. ...

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