Iron Pillar Funds has invested in Sedemac Mechatronics Private Limited, which builds innovative powertrain control technologies, with a special focus on controls for small powertrains both for the on-road and off-road markets. Its solutions have been deployed on millions of 2-wheelers and hundreds o...

India has managed to significantly improve its ranking in World Bank’s ease of doing business report – from 130 in 2016 to 77. A major contributor to this is the enactment and implementation of a comprehensive insolvency resolution eco-system through the Insolvency and Bankruptcy Code, 2016 (IBC). Breaking the cumbersome, inefficient, subjective, debtor-in-possession model, the IBC ushered in a simple and modern framework which provides certainty of outcome, ensures value maximization for all stakeholders through a time bound process. IBC arguably has improved the credit culture in India.

Software services firm HCL Technologies has acquired C3i Solutions for USD 60 million, a move aimed at accelerating the Indian IT firm’s growth in life sciences and consumer services. It provides multi-channel customer engagement services for life sciences and consumer packaged goods (CPG) industrie...

Affiliates of the Lone Star Funds and the RattanIndia Group will jointly invest Rs. 2,600 crore / USD $400 million in a Non-Banking Financial Company (NBFC), RattanIndia Finance. Rajiv Rattan and affiliates of Lone Star will each own 50% of RattanIndia Finance. — Businesswire J Sagar Associates advi...

Mid-market private equity firm Amicus Capital Partners has invested Rs 70 crore ($10.3 million) in kitchen appliances and cookware firm Wonderchef, it said in a media statement on Thursday. — VCCircle J Sagar Associates advised Amicus Capital Partners Fund led by a team of partners Vikram Raghani an...

Cytecare Hospitals Private Limited, a cancer hospital in Bangalore, announced the closure of its $31 million Series A round, including participation from Goldman Sachs, a leading global investment bank and active investor in India. The investment will be used towards a long-term growth strategy focu...

OFB Tech Pvt. Ltd, which operates fin-tech platform OfBusiness, has secured $29 million (Rs 200 crore) in a Series C round of funding led by two new US-based investors. — VCCircle J Sagar Associates advised Creation Investments India II LLC led by a team of partner Lalit Kumar and Bharat Joshi and a...

South African media and technology conglomerate Naspers has sold its majority stake in B2B travel platform Travel Boutique Online (TBO), marking its second strong exit in India in the last three months. While the terms of the transaction were not disclosed, sources have told ET that Naspers, which h...

Leading B2B e-commerce company ShopX, on Tuesday, said it has raised $35 million (₹240 crore) in a new round of funding from Fung Strategic Holdings Ltd (FSH). — Hindu Business Line J Sagar Associates advised Fung Strategic Group led by a team of partner Gerald Manoharan , Vikram Raghani , and Jamsh...

Hyper local delivery start-up Shadowfax Technologies Pvt. Ltd Tuesday said it has raised $22 million in a Series C funding round led by NGP Capital (formerly Nokia Growth Partners). — Mint J Sagar Associates advised Eight Roads Ventures led by a team of partner Manvinder Singh ; senior associate Son...

Listed publishing company S Chand and Co. Ltd on Thursday announced plans to buy a controlling 51% stake in Chetana Publications Pvt. Ltd to expand its base in the school education space. S Chand said its board has approved an investment of ₹ 58.5 crore to acquire the 51% “partnership interest” in a...

Cognizant is acquiring Noida-based SaaSfocus, a company that does consulting in Salesforce’s cloud computing solutions. The financial details of the deal were not disclosed. — The Times of India J Sagar Associates advised SaaSforce Consulting Private Limited led by a team of partner Upendra Nath Sha...

Google has picked up a significant minority stake in hyper-local concierge and delivery player Dunzo, its first direct investment in an Indian startup underlining how the global search giant is quietly getting into an investment mode in the country. Google led a $12-million investment in the Bengalu...

[lodging products, physical access systems company] dormakaba and the Indian partners have agreed to divide their existing shareholding in Dorset Kaba among them as per agreed terms, thus dissolving the joint venture that was initiated by former Kaba Group in 2007 to gain a foothold in the attractiv...

Gulf Capital, one of the largest and most active alternative asset management firms in the Middle East, and AfricInvest, a leading pan-African mid-cap-focused private equity firm, have partnered for the first time to provide a US$ 51 million structured loan and equity investment to iSON Xperiences (...

Consumer durables firm Bajaj Electricals has entered into an agreement to acquire the entire stake in non-stick cookware company Nirlep Appliances for ₹42.50 crore in cash. Subsequent to the acquisition, Nirlep will become a wholly-owned subsidiary of Bajaj Electricals. — Hindu Business Line J Sagar...

Singapore Telecommunications (Singtel) has concluded its Rs 2,649 crore investment in Bharti Telecom, taking its total stake (including affiliates) in the holding company of Bharti Airtel to 48.90% from earlier 47.17%. Following the investment, Bharti Enterprises will continue to own 50.1% of Bharti...

Blackboard Inc. … announced that the company has completed the sale of its Blackboard Transact business unit (“Transact”) to Reverence Capital Partners, LP (“Reverence”). The completion of the transaction will allow Blackboard to remain focused on and continue to deliver market-leading innovation in...

“Nasdaq-listed Make-MyTrip has picked up a majority stake in internet-based corporate travel management company Quest2Travel (Q2T), the Gurgaon-based online travel major said on Tuesday, without disclosing the financial terms of the deal,” reported ET . Desai & Diwanji advised Quest2Travel .com...

Pune-based agro-tech startup AgroStar has raised $27 million in Series C funds to scale up operations and strengthen its technology platform. The funding round was led by Bertelsmann India along with its existing investors Accel, Chirate Ventures and Aavishkar Bharat Fund. — The Economic Times J Sag...