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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.

Emerging food delivery startup, Grab.in, has raised a funding of Rs 9 crores ($1.5m) from SIDBI Venture Capital, the wholly owned subsidiary of SIDBI, as reported by YourStory and MoneyControl. With the current funding, SIDBI will be joining the list of Grab's investors that include Aramex Ventures, Zomato, and Sixth Sense Ventures. The Mumbai-based startup had earlier raised $1 million from Oliphans Capital and independent investor Haresh Chawla in April 2015, while Zomato had invested an undisclosed amount in the startup five months later.

order: 2AZB & Partners advised Fullerton Financial Holdings in the transaction, led by partners Ashwath Rau and Anu Tiwari, senior associate Nirmal Mahtani and associate Rachana Rautray.

Symbiosis Pune 2009 alumnus Utpal Kant and RMLNLU Lucknow 2011 alumnus Prashant Kanha started up corporate and litigation firm Sequitur in Noida this month, and helped Pune based backpacking hospitality platform Backpacker Panda raise $1.4m.

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