“Bengaluru-headquartered car and bike-pooling startup Quick Ride has raised INR 100.78 Cr ($14.4 Mn) in Series B funding from its existing investors Sequoia, Naspers and Venture Highway,” reported Inc42 . Chennai-based law firm AK Law Chambers advised the company Quick Ride , owned by iDisha Info La...

Qi Healthcare, a company in healthcare sector raised a fresh round of funding from its existing investors, Seven Rivers Capital and its affiliates funds. Jerome Merchant + Partners advised existing investors and the Qi Healthcare in relation to raising of funds led by a team of partner Sameer Sibal ...

Dutch chemicals distributor IMCD has taken over Indian company Aroma Chemical Agencies, according to the company’s press release and a Dutch newspaper report, for up to Rs 120 crores. Jerome Merchant + Partners advised Aroma Chemical Agencies (India) Pvt Ltd led by a team partner Vishnu Jerome and a...

“Mumbai-based foodtech startup Box8 has raised $15 Mn in its Series C funding round, led by eWTP Ecosystem Fund. The company’s existing investors Mayfield and IIFL Seed Ventures fund will also participate in this round. The company said it plans to scale its business geographically to five more citi...

“Suryoday Small Finance Bank, a scheduled commercial bank, has raised ₹248 crore in equity funding through private placement, which the company intends to use for expansion plans,” reported Hindu Business Line . Jerome Merchant + Partners advised the existing investor of Suryodaya Small Bank, Evolve...

Euromoney PLC acquired Deal LLC from its parent, the Street LLC, according to the London Stock Exchange announcement . Jerome Merchant + Partners advised Euromoney PLC on Indian law issues, led by a team of partner Vishnu Jerome and associate Ravishankar M . Clifford Chance advised Euromoney on US, ...

“Amazon Pay has acquired personal assistant platform Tapzo, its first such deal in India, in a bid to build on and widen the scope of its payment offering. The part-stock and part-cash deal is valued at $40-45 million and will see Tapzo’s investors exit with a cash payout, according to two people aw...

“Retail-focused non-banking financial company Kogta Financial has secured 154 crore in a financing round led by a fund managed by Morgan Stanley Private Equity Asia and existing backer IIFL Seed Ventures. The Morgan Stanley Private Equity Asia-managed fund invested about 114 crore for a minority sta...

IIFL India Private Equity Fund, an investment arm of India Infoline Limited, has acquired a majority stake in Infigo Lifesciences Private Limited, a company engaged in the business of establishing comprehensive eye care centers / hospitals, for a consideration amount of INR 25 crores. Jerome Merchan...

“Mahindra Lifespaces Developers and Mahindra World City (Jaipur), a subsidiary of the company and a joint venture between the company and Rajasthan State Industrial Development and Investment Corporation have executed an agreement on 19 June 2018 with International Finance Corporation, a member of t...

“Mumbai-based digital lending startup SME Corner has raised Rs 90 crore in fresh funding in a mix of debt and equity. While Rs 35 crore of equity capital has come from Accion Frontier Inclusion Fund managed by Quona Capital, another Rs 10 crore was infused by existing investors including Accion Vent...

General Electric Company sold the small industrial motors business of its Power Conversion division to China’s largest electric motors maker, Wolong Electric Group Co, according to reports . Jerome Merchant + Partners advised General Electric Company on Indian law issues, led by partner Vishnu Jerom...

“Meesho Raises $50 Mn, Shunwei Capital, Kabir Misra Join As New Investors: The company plans to use the funding to build a stronger product, scale its technology team while expanding into more categories and scaling domestic and international supply base,” reported Inc42 . Jerome Merchant and Partne...

“SigTuple raises $19 million from Accel, IDG, others: Bengaluru-based start-up SigTuple raises $19 million in its Series B round led by Accel Partners and IDG Ventures,” reported Mint . Jerome Merchant and Partners advised new investor VH Capital led by a team of The team was led by partner Vishnu J...

IIFL India Private Equity Fund, an investment arm of India Infoline Limited, has acquired a majority stake in Kadaeishwar HomeFin Private Limited.Jerome Merchant + Partners advised IIFL. “IIFL buys majority stake in mortgage lender; KKR mulls buying IL&FS road projects: IIFL India Private Equit...

“Centrum acquires L&T Finance’s supply chain business: Centrum expects to have a loan book of Rs 900 crore in the supply chain business by the end of the current financial year,” reported Mint . Jerome Merchant and Partners advised Centrum Financial Services Ltd led by a team of partners Sameer...

International Finance Corporation (IFC), a member of the World Bank Group, invested Rs 194 crores in Mahindra World City (Jaipur) Ltd, a subsidiary of Mahindra Lifespace Developers Ltd, the real estate and infrastructure development arm of the Mahindra Group, for the development of an industrial par...

Mohalla Tech owned vernacular social networking platform, Sharechat has raised Ra 720 crores ($100m) in a new funding round led by existing investors Shunwei Capital and Xiaomi together with Hong Kong-based Morningside Ventures, DST Global, Lightspeed, SAIF Partners, India Quotient and Venture Highw...

Indian food-tech startup Faasos has raised Rs 86.2 crores ($12m) in its Series C round of funding from an investor consortium including Singapore based venture capital fund Sistema Asia Fund, Ru-Net, an international fund led by Russian venture magnate Leonid Boguslavsky, as well as Sequoia Capital ...

Online micro-lending platform SMECorner, operated by DigiKredit Finance has raised around Rs 47.5 crores (approximately $7m) through a mix of equity and debt from Capital First, existing investor Accion Africa-Asia Investment Company along with investment from a clutch of high net worth individuals,...