Juspay Technologies Pvt. Ltd, which operates a payments technology firm, has raised $21.6 million (approximately Rs 164.05 crore at current exchange rates) in its Series B funding round. — VCCircle Update 28 April 2020 : INDUSLAW advised Juspay Technologies Private Limited led by a team including pa...

Pidilite Industries, the makers of popular homegrown adhesive brand Fevicol, has led a $40 million funding round in online furniture retailer Pepperfry, as it looks to make strategic bets in new-age companies to complement its core product offering. In December, Pidilite co-invested $30 million in o...

Live online tutoring start-up Vedantu has raised $24 million from a group of investors including global venture capital firm GGV Capital as part of their Series C extension round. — Business Standard Bharucha & Partners advised Vedantu Innovations Private Limited and its promoters led by a team...

Chinese smartphone manufacturer Xiaomi and its investment unit, Shunwei Capital, are close to buying around a 10% stake in chalo.com, a daily commute solutions startup, for about Rs 50 crore, two people with direct knowledge of the matter said. The deal, which is part of Xiaomi’s efforts to increase...

KKR & Co. Inc … said it has bought a majority [90%] stake in education services provider EuroKids International Pvt. Ltd from its existing investor consortium led by Gaja Capital. — Mint Pioneer Legal advised the seller, Gaja Capital , led by a team of partners Satish Kishanchandani , partner M...

Nishith Desai Associates (NDA) has reversed its salary freeze that we had first reported in June, giving annual salary increments to fee-earners with retrospective effect.

Road developer IRB Infrastructure Developers Ltd on Tuesday said Singapore’s sovereign wealth fund GIC is investing ₹4,400 crore in its road platform. — Mint IRB will transfer nine of its road assets to a newly-created private Infrastructure Investment Trust (“InvIT”) under SEBI regulations, in whic...

Subhash Chandra’s Essel Group agreed to sell stake in Zee Entertainment Enterprises Ltd. to Invesco Oppenheimer, helping promoters of India’s largest broadcaster repay lenders. Invesco Oppenheimer Developing Markets Fund will acquire up to 11 percent stake in Zee from its promoters for Rs 4,224 cror...

Kartik Maheshwari, Mumbai-based leader at Nishith Desai Associates (NDA), has resigned from the firm several month ago and will join Netflix India’s legal team soon, according to sources.

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”.

Electric scooter maker Ather Energy Pvt. Ltd said … that it has raised $51 million in its latest investment round, led by existing investor Sachin Bansal who chipped in with $32 million ( ₹220 crore)… In addition to the equity round, Ather Energy said it has also raised $8 million in debt from ventu...

Bahrain-based global alternate assets manager Investcorp … announced the start of its operations in India with the acquisition of the private equity (PE) and real estate (RE) investment management businesses of IDFC Alternatives Ltd. — Mint Nishith Desai Associates advised Investcorp led by a team o...

Singapore state investment firm Temasek has acquired a minority stake in US-based digital and IT services firm UST Global Inc., the latter said in a statement on Wednesday. — VCCircle Nishith Desai Associates advised UST Global led by a team of leader Vaibhav Parikh , senior associate Shreyas Bhusha...

“I-AM Capital Acquisition Company Announces Closing of Transaction with SMAAASH Entertainment, a fast-growing global virtual reality gaming and sports entertainment company,” according to [ reports . Nishith Desai Associates advised US-based I-AM Acquisition led by a team of leader Harshita Srivasta...

Goodera had raised Series A funding of $5.5 Mn from Nexus Ventures Partners and Omidyar Network in 2017 — Inc42 Nishith Desai Associates advised Nextgen Project Management Systems Private Limited led by a team of leaders Vaibhav Parikh and Harshita Srivastava , and senior associate Aishwarya H . 201...

EXLService Holdings, Inc, … a leading operations management and analytics company, announces that on July 1 it closed the acquisition of SCIOInspire Holdings, Inc., a West Hartford Connecticut-based leading healthcare analytics solution and services company (doing business as SCIO Health Analytics)....

Samunnati Financial Intermediation and Services Pvt. Ltd, a non-banking financial company (NBFC) specializing in loans to farmers and entities engaged in agriculture, has raised ₹387 crore ($55 million) in a Series D round led by Nuveen, the investment management arm of Teachers Insurance and Annuit...

Leading B2B e-commerce company ShopX, on Tuesday, said it has raised $35 million (₹240 crore) in a new round of funding from Fung Strategic Holdings Ltd (FSH). — Hindu Business Line J Sagar Associates advised Fung Strategic Group led by a team of partner Gerald Manoharan , Vikram Raghani , and Jamsh...

Cognizant is acquiring Noida-based SaaSfocus, a company that does consulting in Salesforce’s cloud computing solutions. The financial details of the deal were not disclosed. — The Times of India J Sagar Associates advised SaaSforce Consulting Private Limited led by a team of partner Upendra Nath Sha...

Gurgaon-based Roposo has raised $10 million (₹61 crore) from existing investors Tiger Global Management and Bertelsmann India Investments, showed documents sourced from business intelligence platform Paper.vc. — Mint S&R Associates advised Bertelsmann India Investments led by a team of partner ...