MSME
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Opportunity India Desk May 29, 2018 - 2 min readIndia’s biggest mobile-phone operator owner Sunil Mittal has announced to inject more than $1 billion into a hotel chain founded by his son-in-law in London, people with knowledge of the matter said. The money from Bharti Group Chairman Sunil Mittal would fund acquisitions by Sharan Pasricha’s Ennismore, a developer that owns ...
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Opportunity India Desk May 26, 2018 - 2 min readEd-tech startup Smartivity Labs Pvt. Ltd, which designs toys and learning projects for kids, has raised $2 million (Rs 13 crore) in fresh funding led by an individual investor, a company statement said. Ashish Kacholia, a stock market investor and director of research at Mumbai-based broking firm Lucky Securities, invested $1.7 ...
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Opportunity India Desk May 24, 2018 - 1 min readThe maker of vernacular chatbot platform dhee.ai, DheeYantra Research Labs has raised an undisclosed seed amount from Centre for Innovation Incubation and Entrepreneurship (CIIE), the incubator-cum-investment arm of Indian Institute of Management-Ahmedabad. The company in a statement said that Gopal Krishna, former managing director of Maxim India Integrated Circuits, and stock ...
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Opportunity India Desk May 22, 2018 - 1 min readAlternative lending platform for students, Vola,has raised $500,000 (Rs 3.4 crore) in a pre-Series A funding round from Mexican insurance and credit firm Credika and unnamed angel investors from the North American nation. “The acquired funds will be used to build a new platform with artificial intelligence, machine learning and chatbots,” ...
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Opportunity India Desk May 21, 2018 - 2 min readVideo creation platform Rocketium.com Technologies Pvt. Ltd said it has raised a seed amount Rs 2 crore (around $300,000) from early-stage venture capital firm Blume Ventures and a clutch of angel investors. Raghunandan G, co-founder and former CEO of Ola-acquired cab aggregator TaxiForSure; Hari TN, human resources head at online grocery ...
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Opportunity India Desk May 21, 2018 - 1 min readMumbai-based IndoStar Capital Finance Ltd made a positive start on the stock exchanges on Monday, with its shares listing at a 4.9% premium. Shares of the Everstone Capital-backed non-banking finance company (NBFC) began trading on the BSE at Rs 600 compared with the initial public offering (IPO) price of Rs 572, ...
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Opportunity India Desk May 19, 2018 - 2 min readMalaysia’s IHH Healthcare Bhd has extended its offer validity to invest in Fortis Healthcare Ltd and said it would take part in any new bidding process the Indian company might start. In a statement to Bursa Malaysia, IHH said it has decided to extend its offer for Fortis to 29 May ...
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Opportunity India Desk May 18, 2018 - 3 min readOnline doctor’s checkup and observations app, MFine has raised $4.2 million (Rs 28.5 crore) in a Series A round led by Prime Venture Partners. Existing investors Stellaris Venture Partners and healthcare entrepreneur Mayur Abhaya Srisrimal also participated in the round, taking the total funds raised by the company to $6 million ...
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Opportunity India Desk May 17, 2018 - 1 min readDigital automobiles marketplace, Droom Technology Pvt. Ltd, has bagged $30 million (around Rs 204 crore) in a Series D round led by Toyota Tsusho Corporation, which is part of the Toyota Group, and existing investor Digital Garage of Japan. The Gurugram-based company said in a statement that Ellison Investments, existing investors ...
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Opportunity India Desk May 15, 2018 - 1 min readThe Alibaba and SoftBank-backed digital payments major Paytm has planned to invest Rs 5,000 crore over the next three years as it looks to enhance bank transfer and other payments facilities for customers through its platform. The mobile payment platform said it has unified 'bank transfers' under a new 'My Payments' ...