MSME

MSME

ICICI Bank, investment unit to buy into Arteria Technologies

Opportunity India Desk Mar 31, 2018 - 1 min read

The private-sector lender, ICICI Bank and a unit will pick up a tad less than 20% stake in Arteria Technologies Pvt. Ltd for Rs 8.68 crore ($1.3 million) in cash. In a stock-exchange filing, it said, the bank and ICICI Investment Management Co. Ltd will invest an equal amount in Bengaluru-based Arteria and buy a ...

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Jaypore Aparts Rs 10 Cr To Augment Offline Biz

Opportunity India Desk Mar 30, 2018 - 2 min read

To carry itself along the omnichannel wave in the country’s retail landscape, online artisanal e-commerce platform Jaypore has kept aside Rs 10 crore for the first phase of its offline expansion. Jaypore had set up its first offline store in New Delhi last week working on a curated marketplace model sourcing apparel, jewellery, lifestyle accessories ...

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Google backs O2O fashion commerce startup Fynd

Opportunity India Desk Mar 29, 2018 - 2 min read

Search giant Google is leading a Series C funding round into online-to-offline fashion e-commerce platform Fynd. This is the second direct investment by Google into an Indian startup after leading a $12 million funding in hyper-local concierge and delivery player Dunzo in December last year. Kae Capital, IIFL, Singularity Ventures, GrowX, Tracxn Labs, Venture Catalyst, ...

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Venture Highway on the road to raise $60 million

Opportunity India Desk Mar 29, 2018 - 2 min read

Investment firm Venture Highway, which is advised by WhatsApp business head Neeraj Arora, is on the road to raising a $50-60 million venture fund, said three persons familiar with the matter. The Delhi-based company has so far backed over half a dozen entities, including vernacular social network Sharechat and reseller network ...

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Fintech startup SmartCoin raises $2 million in pre-Series A funding

Opportunity India Desk Mar 28, 2018 - 1 min read

Bangalore-based fintech startup, SmartCoin has raised $2 million in pre-Series A funding from Chinese VC fund and Accion Venture Lab. Unicorn India Ventures and ISME ACE participated in the round. The company lends to small to mid-sized ticket loans to mobile users after building a SmartCoin credit score, which ...

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Cash Suvidha raises $1 million in pre-series A funding

Opportunity India Desk Mar 28, 2018 - 1 min read

Delhi-based microlending startup Cash Suvidha has raised USD 1 million in pre-series A funding from Initia Holdings Ltd, Vipin Agarwal, a partner in India Industrial Growth fund and others. The funds will be used to increase the loan books of the company and to further strengthen it's technological Founded ...

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Embassy Group To Develop Four New Hotels In Bengaluru With Rs 13.5 Bn Investment

Opportunity India Desk Mar 26, 2018 - 2 min read

Realty firm Embassy group has confirmed its plans to invest Rs 13.5 billion for development of four new hotels in Bengaluru as part of its expansion plan in hospitality business. Bengaluru-based Embassy group, which is a leading player in commercial real estate in the country with huge portfolio of office assets, ...

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Little Eye co-founder’s New Startup Slang Labs gets VC Funding

Opportunity India Desk Mar 23, 2018 - 2 min read

Bengaluru-based Slang Labs, which offers a multilingual voice-based assistant platform the works with app integration has raised about Rs 8.12 crore ($1.24 million) in its maiden round of external funding from Endiya Partners. According to the company’s filings with the Ministry of Corporate Affairs, it raised the round in January this ...

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Global Funds Eyeing Controlling Stake In Pepe Jeans India

Opportunity India Desk Mar 23, 2018 - 2 min read

Private equity and sovereign funds are vying to buy a controlling stake in the Indian arm of Pepe Jeans, people aware of the matter said Five global funds including KKR, Carlyle, General Atlantic and Malaysia’s sovereign fund Khazanah have submitted non-binding offers for the company and are conducting due diligence. The ...

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Flipkart To Build 600cr Logistic Hub In Bengal

Opportunity India Desk Mar 21, 2018 - 2 min read

Bengaluru-based ecommerce giant Flipkart is planning to setup an integrated mega logistics hub in West Bengal with the investment of over Rs.600 crore. This hub, only second of its kind announced by the etail major after the Bengaluru centre, will cater to the all eastern and northeastern states and provide employment ...

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