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...

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...

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...

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...

Aditya Birla Capital Ltd … said its board has approved raising ₹2,100 crore through preferential allotment to marquee investors and promoter group entities. The equity capital will be raised at ₹100 per share, a 10.62% premium to ABCL’s closing price of ₹90.40 as of 4 September 2019, the company sai...

Digital payments aggregator BharatPe, said … that it has raised $50 million led by US-based fintech fund Ribbit Capital, and hedge fund Steadview Capital. Existing investors - Sequoia Capital, Beenext Capital and Insight Partners also participated in the round. — Mint Update 05 September 2019: Antar...

Fintech firm Cred has raised $120 million (Rs 862 crore) in a new funding round, founder Kunal Shah tweeted… according to filings with the Ministry of Corporate Affairs, Cred has raised Rs 730.02 crore from a clutch of investors in its Series B funding round. Ribbit Capital, a fintech-focused global...

IIFL Wealth, the wealth management business of IIFL group, on Wednesday said that it has entered into a definitive agreement to acquire 100% equity shares of L&T Capital Markets Ltd (LTCM), a subsidiary of L&T Finance Holdings Ltd, which provides wealth management services for individual a...

Khaitan & Co partner and 2006 ILS Pune graduate Abhishek Sinha has resigned from the firm to start-up an a new learning provider for young lawyers and law students.

Fintech startup Rupeek has raised $30 million, led by Bertelsmann India Investments, with participation from existing investors Accel and Sequoia India. The funding is expected to be completed in two tranches, and will be used for product development and market expansion. Rupeek disburses gold loans...

Regional language social networking platform ShareChat has completed a $100 million (about Rs 718 crore) equity financing round led by microblogging site Twitter, with participation from private equity firm TrustBridge Partners, the Bengaluru-headquartered company said… Twitter’s investment in Share...

MyMoneyMantra, an omni-channel financial services distributor, has raised $15 million (₹104 crore) of private equity funding from Dutch investment firm IFSD BV, in lieu of 30 per cent stake. — Hindu Business Line Solomon & Co advised Vaalon Capital (GP) No 1 Limited led by a team of managing pa...

Reliance Industries said its Reliance Industrial Investments & Holdings subsidiary has agreed to invest Rs 295.25 crore in Mumbai-based Fynd, in a deal that would see early backers Google, Venture Catalysts and Kae Capital exiting the retail-focused startup. In a filing with the Bombay Stock Ex...

Tata Global Beverages Ltd (TGBL) has entered into an agreement to acquire the branded tea business of Dhunseri Tea & Industries Ltd for about ₹101 crore. — Hindu Business Line Khaitan & Co advised Dhunseri Tea & Industries Limited led by a team of partner Haigreve Khaitan , partner An...

Treasure Vase Ventures Pvt. Ltd, the parent of SmartE, one of India’s largest electric mobility service provider, has raised ₹100 crore in series B funding from Japan’s Mitsui and Co. — Mint S&R Associates advised Treasure Vase Ventures , owner and operator of the electric mobility service Smar...

Canadian investment firm Brookfield Asset Management Inc. will invest Rs 25,215 crore ($3.66 billion) in Reliance Industries Ltd’s telecom tower assets in the single-biggest private equity deal ever in India. — VCCircle The funds will be invested in a to-be-issued InvIT by Tower Infrastructure Trust...

Aditya Birla Fashion and Retail Ltd (ABFRL), which owns brands such as Louis Philippe, Peter England and Van Heusen, […] said it has acquired a 51% stake in Finesse International Design that retails bespoke ceremonial wear and contemporary apparel for men and women under the Shantanu and Nikhil bran...

Bosch intends to sell its packaging machinery business based in Waiblingen to a newly incorporated entity managed by CVC Capital Partners (CVC), according to a press release. The corporate and its pharma and food units will remain intact. — FMCG Market News Khaitan & Co advised Robert Bosch Gmb...

Larsen & Toubro Infotech (LTI) has signed a definitive agreement to acquire Lymbyc, a specialist AI, machine learning, and advanced analytics company for an enterprise value of Rs 38 crore. The acquisition will help strengthen LTI’s digital and analytics offerings. — The Economic Times Khaitan ...

Bengaluru-based digital banking start-up NiYO Solutions said on Tuesday that it has raised $35 million in a Series B funding round from Hong Kong-based Horizons Ventures Ltd, China’s Tencent Holdings Ltd and existing investor JS Capital of Israel. — Mint Khaitan & Co advised Horizon Ventures le...