MSME
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Opportunity India Desk Apr 13, 2018 - 1 min readOnline lending startup Mintifi has raised $2 million (Rs 13 crore) in a seed round from impact investment firm Lok Capital, a person privy to the development has said. According to the filing with Registrar of Companies (RoC), the Mumbai-based startup had concluded the deal a few months ago
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Opportunity India Desk Apr 13, 2018 - 2 min readThe Guwahati-based healthcare provider GNRC is receiving a 75 crore as structured debt by Financial services group Avendus, thereby reaffirming the growing confidence of investors in low-cost affordable healthcare. The financing will be used to buy out existing PE investor Canbank Venture Capital Fund, which pumped money into the hospital venture ...
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Opportunity India Desk Apr 12, 2018 - 2 min readLetsMD, a fintech startup in the healthcare space, has raised $1 million (Rs 6.5 crore) in a pre-Series A round of funding led by SRI Capital. The round was also participated by the existing investors Waterbridge Ventures and ThinKuvate, a Singapore-based venture capital firm. LetsMD said in a statement ...
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Opportunity India Desk Apr 11, 2018 - 1 min readUrban logistics services firm Mojro has raised $650,000 (Rs 4.23 crore) in its pre-Series A round led by equity crowdfunding platform 1Crowd. In a press release, the two-year-old startup said the round also saw the participation of others including Tamil Nadu-based diversified business group Naga Limited. The technology platform ...
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Opportunity India Desk Apr 11, 2018 - 1 min readDigital lending startup Loanzen that offers loans to small companies in the logistics sector has raised pre-Series A funding from venture capital firm Kae Capital Management. The company will use the funds to expand its team in Bengaluru and grow its loan book, the startup said in a statement. It didn’t ...
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Opportunity India Desk Apr 11, 2018 - 3 min readManipal Hospital Enterprises Private Ltd (Manipal Hospitals) has submitted another bid to buy Fortis Healthcare after consulting with the latter's shareholders, who expressed their dissatisfaction with the earlier offer. As a part of the revised offer, Fortis' hospital business is valued at Rs 6,061 crore (Rs 116 per share), which represents ...
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Opportunity India Desk Apr 10, 2018 - 1 min readIn a bid to help unit Max Life Insurance Company Ltd pursue an acquisition opportunity, Max Financial Services Ltd has approved a plan to raise funds from KKR Capital Markets India Pvt. Ltd, TPG Global LLC, and Standard Chartered Bank. Without specifying the deal amount the company said, the amount will ...
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Opportunity India Desk Apr 10, 2018 - 1 min readThe homegrown cab-hailing major Ola has announced its intent to buy food-tech startup Foodvista India Pvt. Ltd, which operates online food delivery platform FreshMenu, and at least one firm with similar properties. Reports revealed that Ola has held discussions to buy private label food firms following its acquisition of the Indian ...
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Opportunity India Desk Apr 10, 2018 - 2 min readCommitted to creating a single platform for all stakeholders in the educational ecosystem, New Delhi-based ed-tech startup Kriger Campus has raised Rs 30 lakh ($46,140) of seed capital from an undisclosed city-based angel investor. According to the statement issued by the company, the funds will be used to expand its team ...
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Opportunity India Desk Apr 09, 2018 - 3 min readIndian venture capital firm Saama Capital has raised $100 million (Rs 650 crore) for its new fund, just a little over a year after making the final close of its third fund in January last year. The latest fund–Saama Capital IV Ltd, was raised from a set of 59 investors last ...