Pune-based industrial Internet of Things (IoT) startup Infinite Uptime has raised $5 million (Rs 34.5 crore) in a Series A funding round from a clutch of venture capital and private equity firms, a company statement said. — VCCircle Economic Laws Practice (ELP) advised Mayfield India II Limited and ...

French luxury goods conglomerate LVMH-backed private equity firm L Catterton Asia will acquire 10 per cent stake in Kishore Biyani-led Future Lifestyle Fashions (FLFL) for an undisclosed sum. L Catterton Asia will acquire an approximately 10 per cent stake in FLFL through a mix of preferential allot...

India’s largest public sector lender State Bank of India (SBI) has invested an undisclosed amount from its Neev Fund in Indian solar player SunSource Energy, for developing solar project assets in states with low levels of capital investment, the company said in a statement on Friday. SunSource Ener...

Sahajanand Medical Technologies (SMT), a manufacturer of cardiac stents, on Wednesday said it has raised Rs230 crore in a funding round led by Morgan Stanley Private Equity Asia. — Mint Economic Laws Practice (ELP) advised previous investor Samara Capital , which also joined the round, led by a team...

Investment by Multi Act Trade & Investments Private Limited in Aureus Analytics Limited (Singapore). ELP advised Multi-Act Trade & Investments Private Limited led by a team of partner Bhavin Gada , associate manager Soumya Shanker , associate Sharan Sanil , associate Mehak Gupta . Investme...

Electric scooter maker Ather Energy Pvt. Ltd said … that it has raised $51 million in its latest investment round, led by existing investor Sachin Bansal who chipped in with $32 million ( ₹220 crore)… In addition to the equity round, Ather Energy said it has also raised $8 million in debt from ventu...

Giriraj Renewable Private Limited is a project company, which was established to build, own and operate solar power projects and supply power via long term power purchase agreements to Federal and state power distri-bution companies and Commercial and Industrial end-users. The project company target...

Bengaluru-based Goddard Technical Solutions Pvt. Ltd, which operates online lending platform Avail Finance, has raised another $9 million (Rs 62.2 crore) as part of its Series A funding round led by existing investor Matrix Partners India. — VCCircle Rajaram Legal advised Matrix Partners led by a te...

Young legal-tech start-up Leegality, set up in 2016 by Shivam Singla, Prakhar Agrawal and Sapan Parekh, has raised funding from the Mumbai Angels Network, Chandigarh Angels and others, looking to “enhance their technology, scale operations, and accelerate growth, according to The Economic Times . As...

Singapore state investment firm Temasek has acquired a minority stake in US-based digital and IT services firm UST Global Inc., the latter said in a statement on Wednesday. — VCCircle Nishith Desai Associates advised UST Global led by a team of leader Vaibhav Parikh , senior associate Shreyas Bhusha...

“I-AM Capital Acquisition Company Announces Closing of Transaction with SMAAASH Entertainment, a fast-growing global virtual reality gaming and sports entertainment company,” according to [ reports . Nishith Desai Associates advised US-based I-AM Acquisition led by a team of leader Harshita Srivasta...

Goodera had raised Series A funding of $5.5 Mn from Nexus Ventures Partners and Omidyar Network in 2017 — Inc42 Nishith Desai Associates advised Nextgen Project Management Systems Private Limited led by a team of leaders Vaibhav Parikh and Harshita Srivastava , and senior associate Aishwarya H . 201...

B9 Beverages, known for its Bira 91 brand of craft beer alcoholic beverages, has raised $4.3 million in a pre-Series C round, according to documents accessed from data intelligence platform paper.vc. It has raised the money from Sixth Sense Ventures, a domestic venture capital fund focusing on consu...

Iron Pillar Funds has invested in Sedemac Mechatronics Private Limited, which builds innovative powertrain control technologies, with a special focus on controls for small powertrains both for the on-road and off-road markets. Its solutions have been deployed on millions of 2-wheelers and hundreds o...

Cloud kitchen platform Rebel Foods, formerly known as Faasos, has raised Rs 110 crore in funding from existing investors Sequoia Capital India, Lightbox Ventures and Evolvence India as part of its Series D1 round, regulatory documents sourced from business intelligence platform paper.vc show. The in...

IIFL Special Opportunities Fund, an investment arm of India Infoline Limited, invests approximately Rs 83 crores in Parksons Packaging Limited, a public company in the business of manufacturing of cartons and other customised packages for various business conglomerates. Jerome Merchant + Partners ad...

Samunnati Financial Intermediation and Services Pvt. Ltd, a non-banking financial company (NBFC) specializing in loans to farmers and entities engaged in agriculture, has raised ₹387 crore ($55 million) in a Series D round led by Nuveen, the investment management arm of Teachers Insurance and Annuit...

International Finance Corporation (IFC) has proposed to invest up to $8 million in equity in Mintifi, a tech-driven distributor/dealer financing platform. The company also has an impact investment fund as an investor. — Business Standard L&L Partners advised Mintifi Private Limited led by a tra...

Fairfax India Holdings Corp, part of Canadian billionaire Prem Watsa’s Fairfax Holdings, on Friday announced that it has invested approximately $72.1 million (Rs 500 crore) for a significant minority stake in Seven Islands Shipping Ltd. — Dealstreetasia AZB & Partners advised FIH Mauritius Inve...

Online daily fantasy startup HalaPlay has raised Rs 40 crore Series A funding in a round led by Nazara Technologies, and Delta Corp India, two veterans in the Indian gaming world. According to a press statement shared by Nazara, the company has been looking at different opportunities in the interact...