Generico, which runs a network of offline pharmacies selling generic drugs exclusively, has raised a Series-B round of funding led by venture capital firm Lightbox Ventures, said a senior executive. — Mint INDUSLAW advised WorkCell Solutions Private Limited (“Generico”) led by a team of partner Jinn...

Wow! Momo Foods, which owns and operates quick-service restaurant (QSR) brands Wow! Momo and Wow! China, has raised $23 million in a Series B funding round led by Tiger Global, one of the most prolific global investors in Indian startups. This is Tiger Global’s first investment in a QSR brand in Ind...

General Motors (GM) and Tata Consultancy Services (TCS) … announced a new partnership under which the IT major would support the leading automaker in future vehicle engineering across global markets. The new association builds on the 16-year long relationship between the two companies, the companies...

Trilegal has hired Cyril Amarchand Mangaldas (CAM) partner Kunal Gupta as a partner in white-collar crime investigations in Delhi.

Healthcare chain ASG Eye Hospitals on Wednesday said it has raised Rs 308 crore in a funding round led by Foundation Holdings, for business expansion, including acquisitions. — Business Standard AZB & Partners advised ASG Hospital Private Limited (“ASG”), and its promoters Arun Singhvi and Shas...

Cyril Amarchand Mangaldas has promoted 11 of its partners to equity partner.

Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) on Wednesday have announced that the two companies entered into an agreement regarding a capital alliance (the Alliance). This is to establish and promote a long-term partnership between the two companies for collaboration in ne...

SSG Capital acquired a total of 4.99% of equity stake in Tourism Finance Corporation of India (TFCI) in a combination of on-market and off market transactions. SSG’s FPI arm purchased 1.99% equity stake as market purchase and FDI arm viz. Tamaka Capital (Mauritius) Limited acquired 3% from Redkite C...

Former group general counsel (GC) of resources giant Vedanta Limited, Nitin Banerjee, has joined the Ola group, which is fast becoming a technology conglomerate, as its group GC.

Ebay has picked up a 5.5% stake in Paytm Mall, as the San Jose-based online marketplace makes another attempt to get a slice of the Indian e-commerce market. Ebay said its global inventory will be available to over 130 million active users on Paytm Mall and Paytm’s app ecosystem as part of the deal....

US-based private equity firm Advent International Corporation is set to acquire a controlling stake in home-grown snacks maker DFM Foods Pvt Ltd that owns brands such as Crax and Natkhat. — Hindu Business Line J Sagar Associates (JSA) advised Advent International led by a team of partners Vikram Rag...

Chennai-based Sri Kauvery Medical Care, which runs the Kauvery Hospital chain healthcare centres in Tamil Nadu, has raised Rs 140 crore equity capital from India-focused impact investment platform LGT Lightstone Aspada, said a release. Mid-market investment advisory Veda Corporate Advisors, which ha...

Singapore-based Baker & McKenzie director of economics and India group member Sanjiv Malhotra has joined DMD Advocates as senior director and chief economist in Delhi.

Sodexo takes strategic minority stake in Zeta, an Indian fintech company: Sodexo, world leader in Quality of Life services, announced today that its Benefits & Rewards Services (BRS) activity has entered into final discussions to take a strategic minority stake in Zeta, , which has been partner...

Sastasundar Ventures jumped 11.87% to Rs 108.85 after Japan’s Mitsubishi Corporation signed an agreement to invest Rs 100 crore in Sastasundar Healthbuddy. — Business Standard AZB & Partners advised Mitsubishi Corporation led by a team of partners Daksh Trivedi and Anant Dang , senior associate...

Bengaluru-based agritech platform Ninjacart has added another $10 Mn to close its ongoing Series C round from a clutch of investors, including company’s existing investors Tiger Global, debt venture fund Trifecta Capital, along with Tanglin Venture Fund, Steadview Capital, and ABG Capital. — Inc42 K...

Vedanta Delhi-based general counsel (GC) of its iron ore, steel and power verticals Jasmeet Wadehra has joined Visa in Mumbai as vice president legal for India and South Asia in July of this year.

Atlas Law Partners has promoted associate partner Medha Srivastava to partner, and several associates into more senior associate rungs.

Hemant Singh (pictured) expands regulatory offering to Mumbai C harter Law Chambers, which was started by Praxis Counsel partner Hemant Singh earlier this year in Delhi as a regulatory shop, has opened a Mumbai office with three fee-earners. The office is based in the Fort area and is intended to se...

UK mid-market private equity firm Equistone Partners Europe has struck a deal to acquire the knowledge services arm of Moody’s. — PENews Cyril Amarchand Mangaldas handled the India leg of the deal for Equistone Partners Europe led by a team of managing partner Cyril Shroff and included partners Gaut...