Private equity firm General Atlantic has led a $51 million investment round in real estate platform NoBroker, regulatory filings show. Rocketship.vc, along with existing investors Beenext Ventures and SAIF Partners, also participated in the round, which values the company at roughly $160 million. — ...

“Hema Engineering Industries Limited, an automotive parts manufacturing company, has successfully acquired two automotive manufacturing units of Omax Autos Limited, located at Haryana, on asset purchase basis, for an aggregate consideration of INR 130 crores. Hema, as a series of expanding its busin...

Edelweiss Group … said its NBFC arm ECL Finance Limited has raised over Rs 300 crore by issuing non-convertible debentures. The first tranche of issue opened on May 10 and was scheduled to close on June 7. — The Economic Times Khaitan & Co advised ECL Finance Limited led by a team of partner Ma...

The GMR Group controlled Delhi International Airport (Dial) has raised $350 million by selling 10-year dollar bonds to investors across the world in the first such issuance by an Indian company after election results were announced. The bonds were priced at 6.45 per cent, 30 bps tighter than the 6.7...

Vertafore, the leader in modern insurance technology, acquired VUE Software (VUE) in India and the US to complement its Sircon solutions and created the most powerful insurer distribution management platform in the industry, according to the company’s press release . Insurtech provider Vertafore has...

Aditya Birla Fashion and Retail Limited has acquired Jaypore, an ethnic apparel and accessories retailer, for Rs110 crore to enter the large but untapped market of traditional wear. Established in February 2012, Jaypore sells home decor, accessories, jewelry and had revenues of Rs39 crore in FY19. —...

Kotak Investment Advisors bought secured, debentures from Vascon for an aggregate amount of INR 1.1 Billion, according to a stock exchange filing . AZB & Partners advised Kotak Investment Advisors Limited led by a team of partner Ashwath Rau , with lawyers Atreya Bhattacharya and Ananya Sonthal...

Mumbai-based Paysense Services India Pvt. Ltd, which operates an online consumer lending platform, has raised $18 million (Rs 123.88 crore) in a Series B funding round, a company statement said. — VCCircle ARA Law advised Paysense Pte Limited, Nexus Ventures and Jungle Ventures led by a team of mana...

Ad tech startup “Affle added Indian hedge fund Malabar Investments to its list of backers”, reported YourStory . The deal took place via a secondary sale of the shares of Affle (India) Private Limited to Malabar India Fund Limited and Malabar Value Fund. ARA Law advised Malabar India Fund Limited an...

Former Economic Laws Practice (ELP) partner Deep Roy, whom we had reported to have resigned in March, has started up a boutique firm under the name Equilex, in the finance and sexy flavour-of-the-month insolvency space.

NEW DELHI: Larsen & Toubro Infotech (LTI) Thursday said it has acquired Ruletronics for an enterprise value of USD 7.48 million (about Rs 53 crore). “The acquisition will strengthen the company’s rapidly growing digital business with a suite of capabilities in Pega implementation in establishin...

Cybersecurity specialist Network Intelligence (NII) has raised Rs 33 crore (around $4.8 million) in fresh capital from private equity firm Helix Investments. — VCCircle Phoenix Legal advised Network Intelligence , led by partner Sriram Ramachandran and associate Manasi Chandriani . Spice Route Legal...

HSA Advocates has hired SNG & Partners principal associate Amit Charan as a partner in its Delhi office, according to the firm’s press release.

Nishith Desai Associates (NDA) had circulated an internal email announcing a salary freeze for mid-level associates and above, due to the firm having experienced “stagnancy in the revenue growth for 2019”.

Rajani Associates has acted for Vistar Metal Industries Pvt Ltd , a respondent in relation to proceedings filed by financial creditor Ashok Wadhwani against it and Kharewali Steel Pvt Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016, with a team led by partner Devesh Juvekar , senior ...

Logistics management startup Locus has raised $22 million (around Rs 196 crore) in its Series B round of funding led by Falcon Edge Capital and Tiger Global Management LLC. — VCCircle Mani Chengappa Mathur (MCM Law) advised Exfinity Technology Fund Series II led by a team of partner Samuel Mani , se...

CloudSEK Info Security Pvt. Ltd, which develops software-as-a-service (SaaS) information security risk management solutions, said it has raised Rs 3.5 crore ($490,000 at current exchange rate) in a fresh funding round from IDFC Parampara Early Stage Opportunities Fund. — VCCircle Mani Chengappa Math...

US-based electronic payments company ACI Worldwide … announced strategic investment in Mumbai-based digital payments firm Mindgate Solutions. — Business Standard HSA Advocates advised Mindgate Solutions Private Limited led by a team of partner Rachika A Sahay , along with associate Meghna Mishra and...

Agri-tech startup LeanAgri has raised an undisclosed amount in a seed round led by venture capital firm India Quotient and joined by angel investors, a senior executive of the company told TechCircle. — VCCircle LegaLogic Consulting advised LeanCrop Technology Solutions Private Limited led by a team...

CESC Ventures, a part of the Sanjiv Goenka-owned RP-Sanjiv Goenka Group, will acquire a majority stake in Herbolab India Pvt Ltd, makers of ayurvedic medicines and products under the ‘Dr Vaidya’s’ brand. — Hindu Business Line Khaitan & Co advised CESC Ventures Limited India led by a team of par...