I-Nurture Education Solutions Private Limited, a higher educational services company, has entered into a joint venture agreement with Galileo Global Education France Sas, which is the largest higher education company in France and Europe.

Thermal Energy Solutions Pvt Ltd (TESSOL), a company engaged in providing next-generation clean technology cold chain solutions, has raised an undisclosed amount from Infuse Ventures and Ankur Capital. TESSOL, founded by Mr. Rajat Gupta, had raised seed investment from Infuse Ventures in 2014.

Cyril Amarchand Mangaldas has acted on $40.4bn worth of mergers and acquisition in the 2016 calendar year, according to researcher mergermarket, with AZB & Partners having recorded $30.1bn of M&A deals in the same period.

"Gurgaon-based developer Vatika Group on Friday secured Rs 700 crore funding from Altico Capital and has closed the first tranche of Rs 475 crore,” reported Mint.

News Corp-backed real estate portal PropTiger said on Tuesday that Mumbai-based Housing.com will merge with it in an all stock deal, and that it will receive $50 million in fresh funds from News Corp.’s REA Group Ltd and $5 million from SoftBank Group.

"EcoCentric Management Pvt Ltd (ECMPL), a Mumbai-based e-waste management firm, has raised its first round of growth capital from a couple of high net worth individuals (HNIs). The funding will be utilized to increase capacity and expand its reach pan-India,” reported Enablers Investment.

"International Finance Corp (IFC), the private sector investment arm of World Bank, on Thursday said it has invested $125m in Hero Future Energies, the renewable energy arm of the Hero Group, for an undisclosed equity stake.

"IDFC Bank has signed a share purchase agreement with Grama Vidiyal Micro Finance (GVMFL) for acquisition of 100 percent equity share capital of GVMFL,” according to IDFC’s filing as reported by Money Control. AZB & Partners partner Srinath Dasari and senior associate Gautam Rego acted for IDFC.

Kochhar & Co has sent a legal notice to the makers of Bollywood sequel The State vs Jolly LLB 2 on behalf of footwear empire Bata, asking them to remove and apologise for an allegedly disparaging trailer of the movie in which the reputation of Bata as a brand is allegedly damaged.

"HR Food Processing, which manufactures and markets dairy products under the brand name Osam, has raised Rs 45 crore (around $6.7m) in its Series B round of funding, it said in a statement. The round was led by Lok Capital-advised Growth Catalyst Partners. HR Food’s existing investor Aavishkaar also participated in this round,” reported VC Circle.

"American Express Ventures, the corporate venture investment arm of American Express Co, has led a $4m (Rs 26.6 crore) funding round in fintech startup IndiaLends, its second transaction in the country in as many months,” reported the Economic Times.

“Hero MotoCorp, India’s largest two-wheeler manufacturer, is investing up to Rs 205 crore in electric automotive startup Ather Energy for a 26-30% stake in one of the biggest deals in the nascent sector. Ather has received Rs 180 crore of the total investment with the rest due to be released in tranches. The deal values the three-year-old company at Rs 680 - Rs 790 crore.” reported The Economic Times.

Silicon Valley-based venture capital firm Lightspeed Venture Partners has invested $10m in Hiveloop Technology, which provides a B2B e-commerce marketplace platform under the brand ‘Udaan’. The company is founded by three former top executives of Flipkart, namely Sujeet Kumar, who led WS Retail at Flipkart, Amod Malviya, ex-CTO of Flipkart, and Vaibhav Gupta, former Senior VP who was leading product management and finance functions at Flipkart.

"Direct-to-home television operator Dish TV will merge with Videocon d2h, creating India’s largest media company by sales. Dish TV is the market leader in the DTH space while Videocon is the third largest by subscribers. Their combined sales in FY16 were Rs 5,920 crore, more than Zee Entertainment, which had sales of Rs 5,850 crore. Both Zee and Dish are part of Subhash Chandra’s Essel Group.

"[Quess Corp] entered into a definitive agreement to acquire a 49 per cent stake in Terrier Security Services (India) (Terrier), marking its entry into the manned guarding and security solutions business. With a track record of over 27 years, Terrier is among the leading providers of manned guarding services in India. In addition, Terrier also provides training services for security personnel and electronic security solutions to clients,” reported the Financial Express.

"Square Yards Consulting Pvt. Ltd, a real estate listings and advisory firm, has raised $12 million from the private equity arm of Anil Ambani-led Reliance Group,” reported Mint.

Latest comments