As had long been an open secret in-and-outside of the firm, Trilegal co-founding partner Akshay Jaitly is retiring from the partnership and moving to Paris, as first reported by Bar & Bench today.

Xtracap Fintech, the Gurugram-based startup, has raised $1 million in angel round of funding. The startup had launched its mobile app – Bridge2Capital in October 2018 for small shopkeepers to receive limited loan amount to pay their GST supplier bills. — Yourstory HSA Advocates advised Xtracap Finte...

Gurugram-based software-as-a-service (SaaS) provider SirionLabs has raised $44 million, as a part of its Series C round, led by Tiger Global and Avatar Growth Capital. — Mint S&R Associates advised Avatar Growth Capital led by a team of The S&R team was led by partners Sandip Bhagat and Su...

Awign Enterprises Pvt. Ltd, a Bengaluru-based operations and sales outsourcing startup, has raised its Series A round of funding — VCCircle (Paywall) Awign provides an online platform for outsourcing sales and operations through gig workers listed on their platform. IC Universal Legal advised Lumis ...

India SME Investments LLP, a private equity fund launched by a former BanyanTree executive, has struck its third deal by picking — VCCircle (Paywall) IC Universal Legal advised India SME Investments LLP led by a team of partner Souvik Roy and associate Niharika Rao . Also advising was Anoma Legal . ...

Diversified conglomerate ITC Limited has entered into a share-purchase agreement to acquire Kolkata-based packaged spice maker Sunrise Foods as the Sanjiv Puri-led firm looks to bolster its food business and battle rivals Hindustan Unilever, Pepsico and Britannia. — Moneycontrol Khaitan & Co ad...

A Goldman Sachs unit has acquired the student housing facilities of a private university in north India at an enterprise value of ₹900 crore (about $120 million), said two people aware of the development. — Mint We had also reported more on the deal earlier this week. Shardul Amarchand Mangaldas &#x...

NEW DELHI/BENGALURU: Digital credit ledger Khatabook has raised $60 million (about Rs 454 crore) in a fresh equity financing round led by B Capital Group, the investment firm founded by Facebook cofounder Eduardo Saverin. This takes the total funding raised by the twoyear old firm to $87 million. — ...

Accenture has boosted its automated insights and big data capabilities in India through the acquisition of Ahmedabad-based Byte Prophecy. The acquisition adds 50 experts to Accenture Applied Intelligence. — Consultancy AZB & Partners advised Accenture Solutions Private Limited (Accenture) led b...

Asia Healthcare Holdings (AHH), a healthcare operating platform founded by TPG Growth, has acquired Nova IVI Fertility, India’s second largest network of infertility centres. Nova IVI Fertility was formed in 2012 when Nova Pulse IVF, a division of Nova Medical Centers, formed a technical partnership...

Mumbai-based Cyril Amarchand Mangaldas corporate and infrastructure projects partner Alice George will be joining Essar Ports as general counsel (GC), we have reliably learned.

Cyril Amarchand Mangaldas has promoted a total of 77 fee-earners up its associate career ranks with Mumbai seeing the largest number of elevations, the firm has confirmed.

Mumbai-based GetClarity Fintech Services, which owns and operates SuperMoney, an online financial services platform for blue-collar professionals, has raised $1 million in a funding round from early stage venture fund Unitus Ventures. — Techcircle J Sagar Associates (JSA) advised Unitus Seed Fund II...

COWI A/S Denmark divested its aerial mapping business to Hexagon Group, with an India entity, COWI India, also forming part of the deal. COWI has signed an agreement to divest its aerial mapping business to the Hexagon Group, a global leader in sensor, software, and autonomous solutions. The acquisi...

…the board of directors at Motherson Sumi Systems Ltd (MSSL) has approved the issuance of listed, secured, redeemable, non-convertible debentures (NCDs) with an aggregate amount up to ₹500 crore on a private placement basis, the company said in a regulatory filing today. — Mint Shardul Amarchand Man...

Fintech digital lender Lendingkart Technologies Private Limited has raised ₹319.24 crore as part of its Series D round led by existing investors Fullerton Financial Holdings Pte Ltd, Bertelsmann India Investments, Sistema Asia Fund and IndiaQuotient. — Mint AZB & Partners advised Fullerton Fina...

Convosight, a software-as-a-service (SaaS) platform which allows Facebook community admins to manage their groups, said it has raised $4 million (Rs 30.26 crore) in its pre-Series A round of funding. — VCCircle Algo Legal advised Surge led by a team of partners Vinayak Mishra and Prateek Mohapatra w...

Water filtration systems firm Nadi Group of Companies announced a 65:35 Joint Venture (JV) with Illinois USA based Antunes and would be investing USD five million over a period of years in India. — UNI Kochhar & Co advised US company AJ Antunes USA led by a team of senior partner Savitha K Jaga...

The Competition Commission has approved the proposed merger between auto majors Peugeot SA and Fiat Chrysler Automobiles N.V. PSA is the holding company of a France-based group which is mainly an original equipment manufacturer and dealer of motor vehicles, passenger cars as well as light commercial...

Language and intellectual property support services group RWS… acquired Indian counterpart Webdunia.com for $21m. — Sharecast Webdunia.com (India) Private Limited and its shareholders sold their entire shareholding to RWS UK Holding Co Limited. Immediately prior to the acquisition: (i) Webdunia.com ...