“Bharat Innovation Fund, an early-stage, deep-tech and intellectual property-focused venture fund, affiliated with the Centre for Innovation, Incubation and Entrepreneurship (CIIE) at the Indian Institute of Management (IIM), Ahmedabad, has made the first close of its fund at $50 million,” reported ...

“Stanley Lifestyles, a Bengaluru-based leather manufacturer, closed its first round of private equity funding with $24 million (Rs 1.7 billion) for a 26 per cent stake sale to Oman India Joint Investment Fund (OIJIF),” reported Business Standard . AZB & Partners advised Oman India Joint Investm...

“Manipal Education and Medical Group chairman Ranjan Pai and Centrum Group have invested around Rs 300 crore in Jana Small Finance Bank, giving the Bengaluru-headquartered firm further ammunition to fight out rivals and scale up its business,” reported TOI . AZB & Partners advised existing inve...

“Tiger Global Management is in advanced talks to invest $5-6 million each in two early-stage software companies—Fyle and Facilio—as it makes a comeback to India’s startup landscape that it was instrumental in nurturing,” reported The Economic Times about the Series A investment in Fyle. YSS Legal LL...

“In August 2018, [US-based] Ebix spent ₹ 1,200 crore to acquire Centrum group’s forex business Centrum Direct Ltd,” according to reports . Crawford Bayley & Co advised Centrum Group led by a team of partners Sanjay Asher and Bhumika Batra along with associates Sachita Shetty , Sanskriti Relekar...

“Boston, Massachusetts-based TA Associates has picked up a significant minority stake in infertility treatment provider Indira IVF, the global growth private equity firm said on Monday,” reported Mint . Pioneer Legal advised TA Associates led by a team of associate Althea Pereira , counsel Anupam Sh...

Intelligent Industrial Internet Systems Private Limited (i3 Systems) raised USD $1 million in investment from Unitus Ventures, India’s leading impact venture fund investing in early-stage startups innovating for the masses. Angel investors also participated in this investment round, according to rep...

Artha Venture Capital Fund acquired a significant minority interest in the Company by way of a seed investment, according to reports . Universal Legal Advocates advised Chotta Haazri Private Limited led by a team of partners Rashi Kapoor Mehta , Apurva Agarwal and associate Angshuman Chaliha . 2018-...

Humour Me Private Limited has raised $1.3m from a consortium of investors.

Legasis Partners advised Humour Me Private Limited led by a team of partner Apurv Sardeshmukh and associate Aanchal Lamba.

Also advising was Dua Associates.

2018-06-18

Deal value: $1.3m

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“Online interactive learning solutions platform Talentedge has bought a ‘significant’ stake in ed-tech firm GreyCampus for an undisclosed amount,” reported the Economic Times . Legasis Partners advised Talent Edge led by partner Apurv Sardeshmukh , senior associate Mugdha Joshi and associate Vaishna...

Legasis Partners advised Visionary Financepeer Private on its $3.7m fundraise, led by partner Apurv Sardeshmukh , senior associate Mugdha Joshi and associates Aanchal Lamba and Vaishnavi Bhat . 2018-06-04 Deal value: $3.7m This deal has not been reported by any mainstream media outlets at the time o...

“Multi-asset manager IDFC Alternatives Ltd has agreed to sell its infrastructure asset management business to US-based private equity firm Global Infrastructure Partners (GIP),” reported VCCircle . Khaitan & Co advised IDFC Alternatives led by partners Siddharth Shah and Sameer Sah , senior ass...

“IDFC and Mirae Entities along with: (a) Nexus Ventures IV, Ltd.; and (b) Other Investors have subscribed to Series B compulsorily convertible preference shares and common equity shares issued by Zolostays forming minority shareholding of Zolostays on a fully diluted basis,” reported Inc42 . Khaitan...

“Kolkata-based Aashiyaan Housing & Development Finance Pvt. Ltd, which is yet to start housing finance for low-income families, said it has raised around $2 million (Rs 13.5 crore) in a seed round led by foreign social-impact investors Insitor and The Netherlands-based Oikocredit. The firm, yet...

“Bengaluru-based organic, ready-to-cook processed food startup, YCook has raised $5 Mn in a Series B round of funding from Binny Bansal backed venture capital firm, 021 Capital and Netherlands-based impact fund Oikocredit,” reported Inc42 . Rajani Associates advised Oikocredit Ecumenical Development...

“DeHaat, an online marketplace for farm products and services, said it has raised ₹30 crore in a funding round led by impact investor Omnivore. US-based agriculture investor AgFunder and several angel investors too participated in the pre-series A round,” reported Mint . Desai & Diwanji advised...

“Fosun has invested in personal finance venture Perk Finance, which focuses on offering short-term and small-ticket loans to salaried professionals in small and medium enterprises to meet their monthly expenses. Based on a consumer’s payment record, the company will also look to sell a variety of fi...

“Micro-delivery startup, Milkbasket, has raised $7 million as part of its Series A funding round led by Mayfield Advisors, the company said on Tuesday. Existing investors, including Kalaari Capital, Unilever Ventures and Beenext Pte Ltd, also participated in the round,” reported Mint . Joycelaw advi...

“The Chinese investor [Fosun] has also backed Gurgaon-based content platform Mylo […],” reported The Economic Times.

Joycelaw advised Mylo led by a team of founding partner Deepak Joyce.

Desai Diwanji acted for Fosun, led by partner Siddharth Mody.

2018-10-01

Deal value: US $1m

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“Peel-Works, a software-as-a-service and big data analytics platform for small-and-medium-sized retailers has raised $5 million in Series B funding. The round was led by Equanimity Ventures, with the participation from HDFC Bank and Bruno Raschle while existing investors like Unilever Ventures, Chir...