Chinese technology giant Tencent is leading a $110-million (about Rs 780 crore) financing round in video-streaming platform MX Player, valuing it at around $500 million (around Rs 3,545 crore) post the investment, said sources close to the matter. This will be MX Player’s first external fund-raising...

Premium beer brand White Owl on Thursday said it has raised Rs 40 crore funding led by IIFL India Private Equity Fund, and supported by its existing investors. According to the company, the new funds will be used to deepen White Owl’s presence in its existing markets, expand the brand’s presence to ...

Indian diagnostics company Tulip Diagnostics Private Limited has acquired Biosense Technologies Private Limited for an undisclosed amount, according to AK & Partners. Tulip makes and markets in-vitro diagnostic reagents and kits both nationally and internationally, while Biosense manufacturers ...

Hygiene and wellness brand Pee Safe on Wednesday said it has raised Rs 30 crore in Series A funding led by Alkemi Growth Capital. The company, which has raised $2 million previously (June 2017 and January 2018), will use the capital for strengthening R&D, product development and strengthening d...

Trivest Partners, LP (“Trivest” or the “Firm”) announces it has made an investment in Quatrro Business Support Services (“QBSS” or “the Company”). The QBSS transaction represents the 9th platform company investment in the Trivest Growth Investment Fund (“TGIF”), a $225 million fund dedicated to maki...

General counsel (GC) of InterGlobe Aviation-operated airline IndiGo, Priya Mehra, has resigned and is set to leave the airline by early 2020, according to authoritative market sources.

Karthik Mahalingam, who in 2018 had left partnership at Shardul Amarchand Mangaldas (SAM) in Bangalore for a one-year MBA at the Massachusetts Institute of Technology (MIT), has returned to India to head up Walmart-owned online shop Flipkart as head of corporate governance, according to Linked-in.

Four young lawyers - Arush Khanna, George Thomas, Lakshmi Raman and Chaitanyaa Bhandarkar - have jointly entered into an all-equity partnership called Numen Law Offices to focus on multi-disciplinary dispute resolution and criminal litigation firm with offices in Delhi and Mumbai, according to a press release.

Amazon is investing Rs 51 crore in Quess Corp, a provider of logistical, staffing and infrastructural solutions to businesses, for a 0.51% stake, the company disclosed in a regulatory filing. The investment will be going into the company’s subsidiary Qdigi Services, which provides after sales servic...

Nashik-based software company Winjit Technologies Private Limited, which is active in the IoT, AI, machine learning, product engineering, blockchain and fintech space, has raised funds in a hybrid of a primary and secondary transaction from the RIB Group, which is a provider of iTWO 4.0 Cloud Enterp...

Miko, an India-based robotics company, on Wednesday announced a $7.5 million Series A round led by Chiratae Ventures (formerly IDG Ventures India), YourNest Venture Capital, investor Bruno Raschle’s family office, and a group of angel investors consisting technology evangelists. — Mint Saakshya Law ...

Desai & Diwanji advised Atomberg Technologies Pvt Ltd and the promoters and A91 Partners an

Supply chain company Leap India Private Limited has seen an investment of around $7m by Sargam Retails Private Limited. Rajani Associates advised Leap India Private Limited led by a team of managing partner Prem Rajani , principal associate Pearl Boga and associate Karen Issac . 2019-11-04 Deal valu...

JSW Steel has raised Rs 2,000 crore from Life Insurance Corporation (LIC) through a bond offering. The company has raised fresh funds from 10-year bonds, at a yield of 8.79 percent payable quarterly, a source told Moneycontrol. — Moneycontrol The debentures were secured by a charge over specific fix...

Veritas Legal finance partner Zubin Mehta has joined Shardul Amarchand Mangaldas (SAM) in Mumbai to grow its Mumbai banking and finance team to four, with a total headcount of 25 fee-earners.

Private equity firm Blackstone Group LP will invest in omni-channel education and test preparation firm Aakash Educational Services Ltd, the PE firm said… The PE firm is expected to pick up a 36.5% stake in Aakash for ₹1,350 crore at a valuation of over $500 million… Aakash is one of India’s largest...

Singapore-based Moving Walls announced an agreement to acquire Chennai-based Quad42 Media, which provides a digital signage management platform. — Campaignindia Legasis Partners advised Moving Walls Pte Limited led by a team of partner Apurv Sardeshmukh , associate Aanchal Lamba , and associate Avad...

Private equity firm CX Partners is picking up a majority 50.1 per cent stake in Dindigul Thalappakatti Biriyani for Rs 260 crore in what will be one of the largest investments in a local restaurant chain brand in India. The deal with the iconic Tamil Nadu restaurant, which started with just one outl...

Bangalore-based Datasigns Technologies Private Limited (“Shubh Loans”), has raised ₹34 crore from Omidyar Network India who led the round with participation from existing investors, Saama Capital, Beenext, SRI Capital, and Pravega Ventures. — Mint Saakshya Law Advocates & Solicitors advised Dat...

Italtractor ITM SpA Group set up a joint venture in India together with DOZCO (India) Private Limited for the purposes of production of undercarriage components and the assembly of complete undercarriage solutions to optimise service to local and global customers, according to a company statement . ...