Mswipe Technologies, which develops point-of-sale terminals for merchants, Tuesday said it has raised $30 million (about Rs 207 crore) from existing investors Falcon Edge, B Capital, Epiq Capital and DSG Growth Partners. Mswipe plans to have 1.5 million merchants on its platform by the end of 2019-2...

BlackBuck is raising up to $150 million ( Rs 1,040 crore) in its latest financing round, led by Silicon Valley-based Accel US Growth Fund and including Goldman Sachs, B Capital and Sequoia Capital, valuing the inter-city trucking and supply chain startup at around $800-850 million, two people famili...

GMR Infrastructure said a consortium comprising the Tata Group, an affiliate of Singapore sovereign wealth fund GIC and Hong Kong-based SSG Capital Management would invest Rs 8,000 crore ($1.16 billion) in its airports unit. GMR will use the entire fund to bring down its debt to Rs 12,000 crore from...

Vivriti Capital, a Chennai-based lending platform for corporate entities, secured Rs 110 crore worth of equity in an additional round of funding from its existing investor Creation Investments. — Yourstory J Sagar Associates advised Creation Investments India III LLC led by a team of partner Lalit K...

Vivriti Capital, a Chennai-based lending platform for corporate entities, has raised equity funding of Rs 200 crore in its series A round from Creation Investment, an investment management company dedicated to financial services.The non-banking finance company (NBFC) plans to use the new funds for s...

Seattle, Washington-based automated tax compliance solutions provider Avalara has acquired startup Indix… The acquisition was executed for an undisclosed sum. Indix is an artificial intelligence platform for product data information. Begun in 2010, Indix is based out of Seattle, US, with its product...

Vikara Services Private Limited (Vikara) and its promoters took a Series A round of equity funding from Elevar I-IV AIF and RFE Co-Invest Holdings Pte Ltd. Vikara under the brand name Better India, provides an online marketplace and a curated customer base for SMEs, NGOs, SHGs and individuals to sel...

Payments startup Pine Labs has acquired Amazon-backed Qwikcilver, a gift card technology startup for $110 million, it said in a statement Tuesday. — Mint MD&T Partners advised Qwikcilver Solutions Private Limited led by a team of partners Mahesh Devaiah , PV Sandhya , senior associate Sridip Su...

New Street Technologies Pvt. Ltd, which builds and operates blockchain-enabled platforms for institutional clients in the financial services segment, has raised $2 million (Rs 13.8 crore at current exchange rates) in a seed funding round led by impact investment firm Unitus Ventures. — VCCircle J Sa...

Timken India Ltd, a subsidiary of The Timken Company, a global leader in engineered bearings and power transmission products, has completed the previously announced acquisition of ABC Bearings Ltd, a manufacturer of tapered, cylindrical and spherical roller bearings and slewing rings, based in India...

Continental Warehousing Corporation (Nhava Seva) Ltd., (CWCNSL), a 90%-owned subsidiary of Hindustan Infralog Pvt. Ltd. (HIPL), has acquired 76% stake in Kribhco Infrastructure Ltd. (KRIL), an integrated multi-modal logistics operator for an unspecified amount. Hindustan Infralog is a joint venture ...

Asia Healthcare Holdings, the platform backed by TPG Growth and Temasek Holdings, is all set to acquire Nova IVI Fertility, in a deal said to be worth $100 million, ET first reported, — The Economic Times Veritas Legal advised TPG and Asia Healthcare Holdings (AHH) led by a team of partner Nandish V...

Mirae Asset has invested around $35 million into ANI Technologies Private Limited, which operates ride-sharing and taxi services company Ola in its ongoing Series J round, that had also seen participation from Hyundai Motors and Kia Motors, according to reports . J Sagar Associates (JSA) advised Mir...

Search giant Google has acquired Sigmoid Labs Pvt Ltd, a Bengaluru-based startup that owns travel app Where Is My Train, the companies said on Monday. The terms of the deal have not been disclosed. — VCCircle Samvad Partners advised Sigmoid Labs Private Limited and its founders led by a team of part...

“Online payment service PayU has acquired California-based financial technology company Wibmo for $70 million (Rs 483 crore). PayU, which is the fintech arm of South Africa’s Naspers would combine its merchant network and Wibmo’s digital transaction security solutions to offer payments solutions to ...

Italian company Domino “reached an important agreement with the Indian group Napino Auto & Electronics Ltd for the creation of a joint venture to produce electronical and electromechanical components for the 2-wheel and 3-wheel Asian market,” according to a Domino press release . Alpha Partners...

“Marking its third deal in the nonbanking finance company space, multi-stage investment firm Norwest Venture Partners has invested $30 million (Rs 200 crore) in Chennai-based Veritas Finance to acquire about 15% stake,” according to reports . Shardul Amarchand Mangaldas advised Norwest Venture Partn...

“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...

Canada-based Ag Growth International Inc has acquired 100% of the shares outstanding of Indian company Milltec Machinery Limited for $109.5m, plus up to $38.4m based on attaining future financial goals. The transaction was funded by AGI’s revolving credit facility,” reported the company about the sa...

“State-owned Power Finance Corporation (PFC) has signed a share purchase agreement to acquire all 52.63 per cent shares of the government in Rural Electrification Corporation (REC) for about Rs 14,500 crore,” reported Yahoo about the PSU sale. Cyril Amarchand Mangaldas advised REC Limited led by a t...