India-bred private equity firm Chrys Capital is set to buy 10 per cent in fast-growing Mankind Pharmaceuticals for $350 million. GIC of Singapore and CPPIB of Canada may co-invest in the deal, likely to be signed this week. — Business Standard Desai & Diwanji advised GIC , the sovereign wealth ...

India Resurgence Fund, a joint venture between Piramal Enterprises Ltd and Bain Capital Credit, on Monday said it has invested $156 million in the marine chemicals business of Chennai-based Archean Group. The investment proceeds will be used to repay debt, offer capital investment to optimize output...

Homegrown private equity firm Carpediem Advisors Pvt. Ltd has led a Series A investment round of $7 million (Rs 51 crore) in online fashion jewellery brand Sukkhi Online Pvt. Ltd. — VCCircle Lex Consult advised Sukkhi Online Private Limited led by a team of partners Naresh Pareek and Majid Siddiqi ....

Delhi-based fleet management startup BT TechLabs, the parent company of LocoNav, has raised $4 Mn (INR 28 Cr) in a Series B round of funding. According to the Ministry of Corporate Affairs filings, the investment has come in from the company’s existing investor Sequoia Capital in two tranches from J...

WedMeGood, an online wedding platform, has received $2.6 million in Series-A funding from Orchid India. The latter is a part of a top investment fund which invests mainly in China. — Business Standard L&L Partners advised Orchid Asia led by a team of partner:, Rohan Shah. Update 18 July 2019: I...

India Business Excellence Fund – III, managed by Motilal Oswal Private Equity, will invest Rs 200 crore in Happy Forgings, an auto ancillary SME company. The fund will be deployed into new products and for greenfield expansion. — The Economic Times L&L Partners advised Happy Forgings Limited le...

Puig, a spanish fragrance maker known for brands such as Prada and Paco Rabanne, has invested ₹100 crore for a minority stake in Kama Ayurveda, a homegrown ayurvedic beauty and personal care brand, the companies said in a statement. — Mint L&L Partners advised Lighthouse Funds led by a team of ...

Consumer-focused private equity fund Lighthouse Fund has acquired a minority stake in Duroflex Pvt Ltd, a dominant mattress player in southern India. Lighthouse has invested Rs 160 crore ($22 million) in Duroflex as a primary capital to meet Duroflex’s expansion plans. — The Economic Times L&L ...

TR Capital, an Asia-focused secondary investments firm, announced the completion of two secondary direct investments in India. As a part of its third fund (TR Capital III) the company has acquired a 10.5 per cent stake in Arohan Financial Services Private Ltd, an NBFC Micro Finance Institution , tha...

Pune-based health-tech startup LiveHealth, which operates a cloud-based platform for managing medical reports, has raised $1.1 million (Rs 7 crore) in its seed round of funding from Nexus Venture Partners, a company statement said. — VCCircle IndusLaw advised Nexus Ventures IV Ltd 2018-03-05 {incomp...

Mumbai-based Cogo Freight Pvt. Ltd, which owns and operates digital freight company Cogoport, has raised Series A funding from venture capital firm Accel Partners. — VCCircle

IndusLaw advised Accel India V (Mauritius) Ltd.

2018-04-17

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ChrysCapital Advisors Llp, the largest home-grown private equity (PE) fund, has acquired a significant minority stake in Thirumeni Finance Pvt. Ltd, a Bengaluru-based non-banking financial company (NBFC) that operates under the name Varthana, according to senior executive. — Mint IndusLaw advised LG...

Chai Point has confirmed its $20 million Series C funding round, led by Paragon Partners. All existing investors - Eight Roads (Fidelity’s India PE arm), Saama Capital and DSG also invested in this round. — The Times of India IndusLaw advised Paragon Partners , Eight Roads , (Fidelity’s India PE arm...

PandoCorp Pvt. Ltd, a start-up that digitizes logistics operations for companies … said it has raised $2 million in a round led by Nexus Venture Partners. — Mint

IndusLaw advised Nexus Venture Partners

2018-04-17

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Omnivore-backed agritech startup Stellapps Technologies has raised $14 million in one of the largest equity funding rounds led by Bill and Melinda Gates Foundation and IndusAge Partners, among others. Bengaluru-based Stellapps Technologies, which is also backed by Flipkart executive chairman Binny B...

Europ Assistance India Pvt Ltd, a wholly owned subsidiary of Paris-based global assistance firm Europ Assistance Holdings (the EA Group), on Tuesday announced that the EA Group has invested Rs 50 crore in Singapore-based ONB Technologies Pte Ltd, a vehicle assistance company. Ram Seethepalli, CEO of...

“CapitalG, the growth-stage investment arm of Google’s parent company Alphabet, has led a Rs 147 crore funding round in non-banking financial company (NBFC) AYE Finance, in the process marking its first bet in the Indian financial services sector,” according to ET . IndusLaw advised existing investo...

Health and fitness startup Cure.fit has raised $120 million in its series C round of funding led by IDG Ventures, Accel Partners and Kalaari Capital with participation from Chiratae Ventures and Oaktree Capital. The round saw participation from Accel’s Growth fund and the new funds of Chiratae. — Th...

Online home design startup Livspace has raised $70 million in a funding round led by private equity firm TPG Growth and Goldman Sachs as it seeks to expand to new cities, open a large number of stores and accelerate sales growth. The Series C round of funding by Livspace (Home Interior Designs E-com...

Signzy, which provides digital onboarding solution for financial institutions, has secured Rs 24 crore from a clutch of investors led by Stellaris Venture Partners and Kalaari Capital to fuel its expansion plans. Angels including Rajan Anandan from Google, Dilip Khandwelwal from SAP Labs India, and ...