MSME

MSME

WestBridge-backed Aptus Value Housing To Get more funding from IFC

Opportunity India Desk May 03, 2018 - 1 min read

International Finance Corporation plans to invest $15 million (Rs 100 crore) in Chennai-based Aptus Value Housing Finance India Ltd, doubling its exposure to the mortgage lender. IFC will make the proposed investment through senior secured non-convertible debentures (NCDs) with a tenor of seven years, the World Bank’s private-sector investment arm said ...

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B2B startup Bizongo Raises $22 mn fund from Facebook co-founder’s VC firm, others

Opportunity India Desk May 02, 2018 - 1 min read

B2B marketplace for packaging materials, Bizongo has raised $22 million (Rs 146.7 crore) in a Series B round of funding from B Capital and International Finance Corporation (IFC) as well as existing investors Accel Partners and IDG Ventures. B Capital is the venture capital firm floated by Facebook co-founder Eduardo Saverin ...

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social gaming startup Cricnwin Raises Seed Funding From ZDream Ventures, others

Opportunity India Desk May 02, 2018 - 2 min read

Gurugram-based social gaming platform Cricnwin has raised an undisclosed seed amount from investors led by Chinese accelerator and venture fund ZDream Ventures. The company’s co-founders said that a group of angel investors had also participated in the round. These high net worth individuals include Ankush Nijhawan, co-founder of business-to-business ...

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Munjal-Burmans sweeten deal for Fortis with Rs 1,800 Cr revised value

Opportunity India Desk May 01, 2018 - 2 min read

Sunil Kant Munjal of Hero Enterprises and the Burman family of the Dabur group have extended bid for Fortis Healthcare on the last day to submit bids that will be subject to two-member expert advisory committee reviews for deal recommendations. The offer comes following the Malaysian healthcare group IHH which has ...

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Online lender MyLoanCare gets backing from SAR Group’s VC arm

Opportunity India Desk May 01, 2018 - 1 min read

Online loans marketplace MyLoanCare, which is owned and operated by My Finance Care Advisors Pvt. Ltd has raised Rs 6.5 crore ($978,000) in a Series A round of funding from Ncubate Capital Partners, the venture capital arm of Gurugram-headquartered SAR Group. SAR Group is primarily engaged in water purifiers (Livpure), clean ...

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online stock broker Samco secures $7.5 mn Funding from Bay Capital

Opportunity India Desk Apr 30, 2018 - 2 min read

In a round led by Bay Capital Investments, Mumbai-based online broker firm Samco Securities has raised $7.5 million (Rs 49 crore) in a Series B, the firm said. The round was also attended by promoters, undisclosed existing backers, and high-net-worth individuals whom the startup did not identify. The firm, which runs ...

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Lending startup Rubique Technologies secures funding in fresh round

Opportunity India Desk Apr 30, 2018 - 2 min read

The online lending firm, Rubique Technologies has secured fresh funding in a round led by Japan’s Recruit Group and Russian venture capital management company Emery Capital, the company said. The funding round was also participated by Blacksoil and existing investor Kalaari Capital. While the company did not disclose the funding size, ...

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What's Up Life secures $1 mn funding from Skyline Edu Group

Opportunity India Desk Apr 27, 2018 - 2 min read

What's Up Life (WUL), a unit of Redefining Hospitality Pvt. Ltd. has recently been funded by author Karan Puri and Praveen Puri of Skyline Education Group whose parent company is owned by Kamal Puri of Skyline Group based in UAE. They've invested the amount as seed funding and plan to invest ...

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Infosys to establish U.S. Education Center in Indianapolis

Opportunity India Desk Apr 27, 2018 - 1 min read

Infosys announced it will establish its U.S. Education Center in Indianapolis to train American workers and arm them with skills for the digital future. The company also announced that it has expanded its hiring plans for Indiana from 2,000 to 3,000 new jobs by the end of 2023. Infosys will provide ...

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Google's Parent Alphabet may pick minority stake in Flipkart

Opportunity India Desk Apr 27, 2018 - 1 min read

Google’s parent Alphabet Inc. may invest $1-2 billion (Rs 6,672-13,345 crore) In Indian e-commerce major Flipkart to pick up a minority stake after the Walmart deal, reported a financial daily. Walmart is looking to buy an 85-86% stake in Flipkart through a mix of primary and secondary investments, reported a financial ...

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