New Delhi: NinjaCart, a marketing and delivery platform for agricultural produce, has raised $35 million (₹250 crore) in a Series B round led by Accel Partners (US) and Switzerland’s Syngeta Ventures, the company said on Wednesday. — Mint IndusLaw advised Accel India IV (Mauritius) Limited. 2018-12-...

Education technology startup Toppr has raised $35 million from Kaizen Private Equity and existing investors Eight Roads Ventures, Helion Ventures and SAIF Partners. Alteria Capital and Brand Capital, the strategic investment arm of the Times Group, also participated in the funding round, which was t...

India’s largest mortgage lender HDFC has sold its realty brokerage business HDFC Realty and its digital real estate business HDFC Developers which owns HDFC Red to online classifieds player Quikr. The all-stock deal will see HDFC pick up around 3.5% stake in Quikr for the two businesses, according t...

QuEST Global Services (QuEST), a global leader in providing premium engineering solutions, has announced the acquisition of Mobiliya Technologies based out of Pune, India. The acquisition will strengthen QuEST Global’s capability in Industrial & Hi-Tech verticals and add new service offerings i...

Wipro said it has completed divestment of data centre operations to Ensono in India for $6 million on September 30. Wipro acquired hosted data centre business from Infocrossing over a decade ago. — The Economic Times

IndusLaw advised Wipro.

2018-10-02

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Online hotel aggregator OYO has acquired Chennai-based service apartment operator Novascotia Boutique Homes, marking its first major buyout as well as establishing its presence in the service apartment and corporate executive stay segment. The deal, negotiations for which were kicked off in October ...

Health and fitness startup Cure Fit Healthcare Pvt. Ltd, founded by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori, will merge its fitness brand Cult.fit with premium chain Fitness First India as it seeks to shore up revenues for its well-funded platform. — VCCircle Indus...

Indian renewable energy project developer ReNew Power has acquired a 100 percent stake in Indian Energy Limited (IEL) at a price of ₹364 million (~$5.545 million). — Mercomindia

IndusLaw advised Renew.

2018-05-01

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Home rental start-up NestAway Technologies Pvt. Ltd has acquired smaller rival Zenify (City Synapse Information Pvt. Ltd) for an undisclosed amount, a move that will help NestAway expand its offerings for families, the company said on Sunday. — Mint

IndusLaw advised Zenify.

2017-05-08

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In what is an important development for Indian language enabling of India’s Internet, Reliance Industries has acquired a majority stake in Reverie Language Technologies: RIL, India’s largest business conglomerate, has acquired an undisclosed majority stake for Rs 190 crores (around $27.3 million a c...

In a first, Singapore based Agritrade Resources has acquired SKS Power Generation (Chattisgarh) in a one-time settlement of Rs 21.70 billion with its lenders. This would be the first one-time settlement resolution of a power asset post-Reserve Bank of India’s February circular this year. — Business ...

Online classifieds company Quikr has acquired Chennai-based India Property, a full-stack real estate platform. YES Securities Investment Banking acted as the financial advisor for the deal while IndusLaw and S&R Associates were the legal advisors, the company said in a statement. — The Economic...

Beijing-based TAL Education Group, an education and technology enterprise, has invested $5 million (close to Rs 35 crore) in Vedantu, a live online tutoring company. — Business Standard Link Legal India Law services advised TAL Education Group led by a team of partner Manish Gupta ), senior associat...

Wong was a founding partner of Hong Kong-based venture capital firm Cyber Carrier, which has invested about $30 million in several Indian startups including KrazyBee. — The Economic Times Link Legal India Law services advised Cyber Carrier led by a team of partner Jyoti Maheshwari ; partner Santosh ...

Mahindra Partners, the investment arm of automobiles-to-information technology conglomerate Mahindra Group, has invested Rs 206.5 crore in specialty eye care chain Centre for Sight, with the transaction also giving Matrix Partners a complete exit from its decade-long investment in the company. — The...

Mahindra Partners, the investment arm of automobiles-to-information technology conglomerate Mahindra Group, has invested Rs 206.5 crore in specialty eye care chain Centre for Sight, with the transaction also giving Matrix Partners a complete exit from its decade-long investment in the company. — The...

“An NBFC focused on two-wheeler financing Wheels, EMI Private Limited … announced that it has raised Rs. 100 cr in Series B funding,” reported The Economic Times . Samvad Partners advised WheelsEMI Private Limited led by a team of partner Vineetha MG ; partner Aparna Ravi ; partner Neela Badami ; se...

“Delhi-based Ummeed Housing Finance Pvt. Ltd has raised Rs 60 crore ($8.3 million) from Zurich-headquartered LGT Impact and Rs 5 crore ($690,000) from existing social-impact investor Lok Capital in a Series C round,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised Lok Capital Growt...

“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...

“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...