Karvy Computershare employs over 5, spread across over locations. The deal will give Flipkart's largest investor, New York-based investment firm Tiger Global Management, a partial exit. Flipkart will have over USD 4 billion of cash on its balance sheet following this investment. Lodha plans to use the funds for its residential project being developed on an acre land parcel in Thane which it had bought from Clariant Chemicals India in for INR 1, Last year, the realty firm sold over 2, homes in this project prior to its proposed launch.

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Karvy Computershare employs over 5, spread across over locations. The deal will give Flipkart's largest investor, New York-based investment firm Tiger Global Management, a partial exit.

Flipkart will have over USD 4 billion of cash on its balance sheet following this investment. Lodha plans to use the funds for its residential project being developed on an acre land parcel in Thane which it had bought from Clariant Chemicals India in for INR 1, Last year, the realty firm sold over 2, homes in this project prior to its proposed launch.

The value of the booked apartments was over INR 1, crore. The project will be developed in multiple phases. Sequoia, Norwest, others invest Rs. Five Star operates branches across South India and serves over 18, customers and specializes in extending secured, small business and housing loans. Azure Hospitality raises Rs. The company aims to open over 14 restaurants in India and enter the UK market by next year.

Subscribers to the database can login to view the valuation, deal structuring and other transaction details. Founded in , EM3 Agri Services offers farmers affordable, easy and convenient access to agricultural farm equipment and services on a pay-per-use model. Besides renting farm equipment such as tractors, EM3's services include soil analysis, seedbed preparation, sowing, fertilizer application, weed-pest control, top dressing, harvesting, post-harvest operations. The deal represents GIF's first investment in India.

Sequoia invests addl Rs. The company incurred a loss of INR StayAbode works on a full-inventory model leasing habitable spaces for a year period, offering services including housekeeping, security and community events apart from housing facilities.

The capital raised in this round will be used to scale the business by strengthening the technology back-end and the team. StayAbode had raised an angel round in February. According to the company, the current round has seen the valuation of the company grow three times from its previous round. Some existing investors from Venture Vida, which led the previous round, have exited the company through secondary share transactions this time.

Launched in , Moong Labs is a Delhi-based developer and publishing studio of free-to-play games, focused specifically on cricket for smartphone and tablet devices. The two companies had partnered last year to launch a cricket game featuring Virat Kohli. The funds raised will be used for augmenting the studio's game engine and developing cricket games. The tech-led startup, headed by year-old student Saathwik Yadavalli, has launched an App titled ProblemBolo which aims to bring together all the departments of a city into a unified citizen participatory governance platform.

ProblemBolo will be made available across iOS and Android platforms for free, and will be launched globally for various cities in India, US and Sri Lanka over the next few months. It claims to be scalable to any town or city in the world. It will act as a watchdog and creates pressure groups based on similar complaints and generates activity charts to be sent to media outlets, and the users can track the status of their complaints as well.

Agri-tech co Crofarm raises Rs. Crofarm offers a digitised supply chain for agricultural products by bringing farmers and retailers on a common platform. It primarily operates in Delhi-NCR, where it serves more than small and medium retailers through its multiple distribution centres and is connected to farmers across UP, Haryana and Delhi.

The Delhi-based startup, which claims to have operations in about cities, deals with firms in e-commerce, courier service, FMCG and steel segments, among others. Enterprise software firm Newcastle Tech raises Rs. The company will use the funding to expand its footprint to 1, hospitals in the next years. Consark was the advisor to the company for the transaction. Myforexeye secures Rs. Proceeds from the debt funding will be used to create impactful technology platforms and on digital marketing.

The company claims to have served plus clients, processing over 50, transactions worth USD 2. The company plans to use the latest funds for scaling up operations, upgrading its technology platform and strengthening its back-end infrastructure for building warehouse networks and supporting logistics services across multiple cities BoxMySpace aggregates un-monetized warehouse spaces available with companies and warehouse owners and provides storage solutions and third party logistics on a flexible pay by use basis.

The firm had earlier raised INR 1. The company plans to open clinics across India. Launched in the US in , SkyLimit offers alternate and non-invasive treatment for joint pain, neuropathy, spinal disorders and weight loss. Local business enabler Jhakaas raises addl seed funding Business World Jhakaas Technologies, a technology-driven platform that enables local businesses to create a presence online, has raised pre-series A funding from US-based investor, Amen Dhyllon.

The funds will be used for technological enhancement and up-gradation of the application and expansion of the network throughout India. The company claims to have over 1,00, merchants, and plans to add 5,00, merchants by March Actor Hrithik Roshan to acquire stake in Cure.

The five-year association, valued at INR crore includes the actor's equity stake in the company for a cash investment, promotions and royalty from his personal brand HRX's specialised workout plan. Ltd, which operates the milk and other daily needs delivery service Doodhwala , has raised angel funding from Tom Varkey, a partner at US-based hedge fund Stonehill Capital.

The Bangalore-based startup plans to use the funds for technology ramp-up, market expansion, and to increase the team size. The startup, founded in , enables yoga and physiotherapy services to clients at their homes.

Liquidity Events Airtel sells 3. Bharti Airtel will use the proceeds to reduce its debt. The sale, at an avg. Post-deal the investor holds 1. In Mar , Carlyle completely exited the firm with 4. The sale, at a price of INR Post-deal the investor would hold 1. In Oct , it invested additional INR 3. The buyout of the five Premier Inn budget properties, totalling rooms, will make Samhi Hotels the largest independent owner of lodging assets in India.

Premier Inn's parent Whitbread is pulling out from the Indian hospitality market as it wants to focus on more profitable regions elsewhere. Whitbread will however continue to operate its Costa Coffee chain in India. Founded by former Accor India executive Ashish Jakhanwala and HVS head Manav Thadani, the seven-year-old Gurgaon-based company currently has a collection of 25 properties, totalling 3, rooms in India.

Ltd for INR 86 crore in an all-cash deal. Post-transaction, the area under Smaash management in India will increase to approximately , sq. Co-owned by cricketer Sachin Tendulkar, Smaash owns and operates sports-centric digital entertainment centres for cricket, football, racing, bowling and other recreational activities in Mumbai, Hyderabad, Gurgaon, Noida and Bengaluru.

The project will be operational in about 18 months, and is expected to generate revenue of about INR 55 crore per annum from the start of commercial operations. Nettlinx will provide INR Sheroes acquires online career platform Women Restart Economic Times Sheroes, a network for women, has acquired Bengaluru-based online career restart platform, Women Restart.

Sheroes aims at strengthening its presence in Bengaluru and offering assistance to its community. Sheroes claims to be India's largest community of women, supported by an ecosystem of partners and over 17, companies.

Last year, it acquired two firms - Gharkamai and LoveDoctor. In addition, WABCO will leverage its supply chain, business support infrastructure, development capabilities, and customer service network to accelerate AssetTrackr's growth in India and globally. Founded in , AssetTrackr is a startup that helps commercial vehicle fleets track, analyse and optimise their transportation resources and assets in real time.

In addition to that, it is also merging the online media business of India Webportal Private Ltd which ran India. India Webportal has reported revenues of INR The latest acquisition will help the firm scale up the hedge fund business.

Aurobindo Pharma will invest INR 5. The target company is a vaccine development company that is yet to commence commercial operations. The shareholding of the original promoter Dr.

Neyber, set up by former Goldman Sachs investment bankers Martin Ijaha and Monica Kalia, has been built on the model of community-based financial empowerment through balanced lending. This is Series C round of funding for the firm. Piramal Enterprises has bought total 1.

Piramal Ananta, is part of phase1 of the commercial complex being developed by the real estate developer. Other Deals Sebi cracks the whip on suspected shell companies Mint The Securities and Exchange Board of India Sebi has directed stock exchanges to initiate action against listed entities suspected of being shell companies.

According to a Sebi notification, the shares of these companies will be traded only once a month until stock exchanges ascertain whether these are genuine companies or structures meant for fund diversion and tax evasion. The exchanges have been asked to independently audit these firms, and if necessary, appoint a forensic auditor. The total public float of the companies, according to the BSE, is Rs. At least 13 firms had a market capitalization of more than Rs. The proceeds will be used to refinance two of its solar plants, which it has recently acquired from Gurgaon-based Punj Lloyd group and for repaying existing loans.

The company has a long-term agreement with the state utility for the sale. The firm is looking to close three deals in India soon. Oaktreee capital hires Gaurav Parasrampuria to focus on Indian market Mint Los Angeles-based Oaktree Capital Management, one of the largest special situations and distressed assets funds in the world, has hired former JPMorgan executive Gaurav Parasrampuria as vice-president to look into the Indian market.

Parasrampuria, currently based in Singapore, was earlier vice president at JP Morgan. The special purpose vehicle SPV is to be set up for operating the company's ongoing acquisition of Reliance Communications' stake in tower unit Reliance Infratel.

VI Updates. Advisor: J. The deal also included investments by Microsoft and Tencent, and the total funding raised by Flipkart is approximately USD 1,,, The transaction was closed on July 31, pursuant to receipt of the approval of the Competition Commission of India.


GSPC files DRHP to bring out its IPO

The company has India's largest customer base in major user segments. The company has around 20, km of gas pipeline network. GGL acquired further 8. The Board at its meeting held on 21 April approved the Scheme of Amalgamation. Gujarat Gas Limited was listed on the bourses on 15 September


GSPC files DRHP with Sebi to bring out its IPO

The year could well be the year of public issues. The five Gujarat companies are expected to hit the capital markets in about six months. Together, the five companies are expected to raise over Rs4, crore in a quarter or two. C Mahendra Exports, a Surat-based diamond company, is also likely to file its revised DRHP in a week; the issue may hit the market some time in July The company had filed the DRHP in July , but could not launch its public issue because of market volatility.


GSPC files for Rs 3,050-cr IPO

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5 Gujarat firms’ IPOs in the offing; to raise over Rs4,000 crore


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