Private investment firm IndiaNivesh Venture Capital Fund has invested an undisclosed amount in Pune-based facility management services provider CLR Facility Services, acquiring a minority stake, as reported by Circle . Earlier in January 2017, CLR had acquired majority stake in Mumbai-based Right Re...

Gurgaon-based upcoming micro-delivery grocery platform has secured Rs 19 crores (around $3m) in a Pre-Series A funding round, led by Unilever Ventures Holdings the investment arm of Unilever PLC, as reported by The Times of India and Mint. The grocery delivery platform had raised around $500k in another Pre-Series A funding round from Blume Ventures and Lenovo Capital and Incubator Group, earlier in August, 2017.

Bengaluru-based vernacular social networking app Sharechat, owned by Mohalla Tech has raised Rs 120 crores (around $18m) in a Series B round of funding from Chinese smartphone manufacturer Xiaomi and its founder Lei Jun’s venture capital fund Shunwei Capital along with participation from existing in...

ICICI Venture, the private equity arm of India’s largest private-sector lender ICICI Bank, has entered into a definitive agreement to acquire a minority stake of around 14% in popular women’s legwear brand Go Colors owned by Chennai-based apparel maker, Go Fashion India by investing Rs 100 crores (around $15.6m), through its fourth PE fund – India Advantage Fund Series 4, as reported by VC Circle and The Economic Times. The current investment is the ICICI Ventures’s first retail apparel investment in the past decade and also marks as the second for the women’s apparel brand, pursuant to an initial investment of Rs 60 crores by Sequoia Capital India Investments IV in November, 2014, wherein Sequoia acquired 33.33% stake in Go Fashion India.

Bengaluru-based microlending startup KrazyBee, operated by Finovation Tech Solutions, has raised Rs 52 crores (around $8m) through a Series A equity and debt financing round led by Xiaomi Technologies and venture capital firm Shunwei Capital, along with participation from Mumbai-based Essel Group’s ...

Chennai-based NBFC Samunnati Financial Intermediation & Services has raised Rs 150 crores ($23.5m) in a Series-C funding round led by Swiss investment firm responsAbility with participation from existing investors Elevar Equity and Accel Partners, as reported by VCCircle and The Hindu. The investment was done by way of subscription to 100 equity shares and 317,423 compulsory convertible preference shares of Samunnati.

The promoter of India’s second largest pharmacy retail chain MedPlus Health Services, has raised around INR 750 crores (approximately $115m) in a debt funding round from Goldman Sachs to buy-back shares from Mount Kellett, TVS Capital Funds and Ajay Piramal’s India Venture Advisors, the existing pri...

Pune-based digital short-term lending startup EarlySalary has raised INR 100 crores (approximately USD 15.7 million) in a Series B funding round led by Eight Roads Ventures India, the investment arm of Fidelity International with participation from existing investors IDG Ventures India, Dewan Housin...

Morgan Stanley Private Equity Asia has invested Rs 152 crore in South Health Foods, which makes the Manna Foods range of health food products, reported the The Times of India . Cyril Amarchand Mangaldas advised Morgan Stanley Private Equity led by New Delhi-based partner Nivedita Tiwari and partner ...

Rajasthan-based healthcare provider Karma Primary Healthcare Services has raised an undisclosed amount in a funding round led by early-stage investor and equity crowd-funding platform 1Crowd and its investor community, according to a press release by Legasis Partners. The health-tech startup had ear...

US-based private equity major Carlyle Asia Growth Partners has made an undisclosed but a significant majority stake acquisition in Chennai-headquartered healthcare solutions provider Visionary RCM Infotech (VRCM) through its affiliate Carlyle Growth Investments IV to support its growth and expansion...

Premium dining venture Massive Restaurants owned by popular chef Jiggs Kalra and his son Zorawar Kalra has recently raised Rs 160 crores (approximately $25m) through a mix of domestic and foreign direct investment from mid-market PE firm Gaja Capital under a primary round, as reported by The Economi...

Weather forecasting services provider Skymet Weather Services has closed a series C round of funding from the InsuResilience Investment Fund., reported The Economic Times . The amount of investment involved in the transaction remains undisclosed, though as per the report by The New Indian Express , ...

Param.ai, an AI-based inbound hiring solution startup has raised Rs 1.75 crores (approximately $273,500) in a seed funding round led by US-based Institutional Fund, Core Financial LLC along with National Award Winner Actor and brand endorser for Param, Ashish Vidyarthi, as reported by Business World...

Mswipe Technologies Private Limited, a mobile point of sale (POS) service provider, has raised $10 million with a follow-up funding round led by the B Capital Group, the investment firm from Facebook co-founder Eduardo Saverin backed by BCG, along with existing investor DSG Consumer Partners, aggreg...

“Airtel will sell a 15% stake in the DTH business to Warburg Pincus entity Lion Meadow Investment for Rs 1,623.76 crore, the telecom firm said in a stock exchange filing on Tuesday. Another group company that holds 5% of Bharti Telemedia will offer its entire stake to the PE firm. The deal values Bharti Telemedia at close to Rs 11,300 crore. This may make it India’s second largest DTH player by valuation, according to industry experts,” reported The Economic Times.

Mumbai-based mid-market PE firm Gaja Capital has raised INR 85 crores (USD 13 million) in design-led lifestyle venture Chumbak Design in an investment round by subscribing to securities of Chumbak constituting 28.36%, as reported by The Economic Times and VC Circle . Along with Gaja, the round also ...

“Portea Medical has raised series C funding of $26 million led by new investors Sabre Partners and MEMG CDC. Portea’s existing investors Accel, International Finance Corporation (IFC), and Qualcomm Ventures also participated in this round. Avendus Capital provided financial advisory services to the latest funding round in Portea,” reported MediaNama.

Shardul Amarchand Mangaldas advised and acted as the legal counsel for Axis Bank and was led by the private equity group of their general corporate practice team for all the legal aspects of the transaction. The transaction team was led by executive chairman Shardul Shroff, Mumbai-based regional practice head Raghubir Menon (M&A and PE, General Corporate), partners Abhishek Guha, Yogesh Chande, and senior associates Ankit Kejriwal and Anwesha Haldar, associates Kanwardeep Kapany, Gaurav Malhotra and Keegan Pavrey.

Mumbai-based online lending startup Kissht, operated by OnEMi Technology Solutions has raised Rs 67 crore (USD 10 million) led by China’s Fosun International along with existing investors, venture capital firm Endiya Partners and early-stage investor Ventureast, as reported by VC Circle.