Happilo, a healthy gourmet snacking brand, has raised Rs 100 crore from A91 Partners in its first external funding round, at an undisclosed valuation. The Bengaluru-based brand is eyeing a healthy chunk of the Rs 40,000-crore dried fruits and nuts market, estimated to be the largest in the world. — ...

Express Stores, a Gurugram-based branded omni-channel chain of Bharat’s kiranas, has raised a seed funding of Rs 8 crore. The round was led by early-stage venture capital firm Venture Highway (founded by Neeraj Arora, ex-Whatsapp and Samir Sood, ex-Google) with the participation of marquee individua...

As part of its strategy to be a leader in mobility solutions, Bridgestone India has made an investment in Fleeca India, a startup focused on providing digital-based business solutions to fleet operators, to increase efficiencies of their tyre usage, the company said. — The Economic Times Pioneer Leg...

Paris-based independent power producer Total Eren SA and EDF Renouvelables, of the Electricite de France SA group (EPA:EDF), have achieved financial close on a 450-MWp solar project in India. — Renewablesnow Herbert Smith Freehills advised Total-Eren S.A and EDF Renouvelables SA as sponsors and thei...

PE-backed GenWorks acquires in-vitro unit of Mumbai-based healthcare firm

— VCCircle

Samvad Partners advised Genworks Health Private Limited led by a team of partner Siddharth Seshan, senior associate Surabhi Rao, and associate Vaagisha.

2020-12-24

Deal value: Confidential

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Juniten Pte Ltd entered into a joint venture with Hyundai for manufacturing lithium-ion batteries; electric vehicles; and energy storage systems. The deal involved setting up and capitalisation of the joint venture entities in India, Republic of Korea, and Oman. INDUSLAW advised Juniten Pte Ltd led ...

Acquisition of 100% shareholding by Chaitanya India Fin Credit Private Limited (and its nominees) of Essel MF Trustee Limited. The Competition Commission of India (CCI) has given its approval under the ‘green channel’ route to acquisition of Essel Mutual Fund by a Sachin Bansal-owned entity. — Busin...

Bandung-based accommodation startup Bobobox has raised USD 11.5 million in a Series A funding round led by Horizons Ventures and Alpha JWC Ventures, according to a company statement. New and existing investors Kakao Investments, Sequoia Surge, and Mallorca Investments also participated in the round....

Acquisition by Reliance Industries Limited of the entire shareholding held by IMG Singapore Pte Ltd in IMG Reliance Limited, a joint venture between Reliance Group and IMG Group that is engaged in the sports and management business for a cash consideration of INR 52.08 crore (USD 7.17 million), acco...

Acquisition of 100% of mScripts LLC in an all-cash deal, including its India business and subsidiary. We just acquired mscripts®, a mobile app that is used to push out information for different needs and has a way to connect to the patient level. Pharmacies use it to let patients know that their pre...

Bengaluru-based cleantech startup Log 9 Materials, on Monday, said that it has raised $3.5 million as a part of its Series A round, led by Sequoia India’s scale up programme Surge and Exfinity Venture Partners. — Yourstory Algo Legal advised Surge Ventures II led by a team of partner Prashant Katari...

PremjiInvest ups stake in pharmacy chain eyeing IPO. PremjiInvest, the family office of Wipro Ltd founder chairman Azim Premji , has raised its stake in a pharmacy chain [Medplus] — VCCircle Samisti Legal LLP advised Medplus , operated by Gangadi Investment Private Limited led by a team of partner P...

Global cloud insurance software solutions provider Majesco has signed an amended agreement to be acquired by Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors, per a press release. — Businessinsider Khaitan & Co advised Majesco Limited led by a t...

Oman-based National Gas Company (NGC) will partner with Singapore-headquartered Petredec to set up an LPG import and storage terminal at Krishnapatnam Port at an investment of ₹400 crore… NGC to hold 60%, LPG trader Petredec 40% in project to come up at Krishnapatnam Port. — Hindu Business Line AZB ...

“Under commercial platform, GPL has bought 20% stake in a company to develop a commercial project with Godrej Fund Management under its commercial platform in Hebbal, Bengaluru, Karnataka. The project offers 0.67 million sq-ft of leasable area. The company’s economic interest is 20% equity in projec...

Education technology firm Vedantu has raised $100 million in Series D funding, led by US-based Coatue Management. Existing investors Tiger Global, GGV Capital, Omidyar and Westbridge Capital also participated in the fundraising. — The Economic Times Bharucha & Partners advised Vedantu Innovatio...

India-focused PE fund Helix Investments has invested Rs 50 crore in dental services brand Dentzz through a secondary transaction. Dentzz operates seven dental facilities in India and one in Dubai. The company has clocked a growth rate of 30% annually. The firm will strengthen its brand and set up ne...

Adani Transmission Limited (ATL) announced… that Qatar Investment Authority (QIA) has completed acquisition of 25.10 per cent stake in Adani Electricity Mumbai Limited (AEML) from ATL along with an investment in shareholder subordinated debt in AEML on February 10, 2020. — Business Standard AZB ...

F ollowing a long-standing tradition and a recent restart of banking industry professionals joining law firms, Cyril Amarchand Mangaldas (CAM) has added another senior former State Bank of India (SBI) manager to its roster. Former managing director of State Bank of India (SBI) , B Sriram , has joine...

Seven-year-old Arya said … it has raised $21 million in its Series B financing round. The round was led by Quona Capital, a venture firm that focuses on fintech in emerging markets. Existing investors LGT Lightstone Aspada and Omnivore also participated in the round, while multiple unnamed lenders a...