Consumer durables major, Whirlpool India has announced the acquisition of 49% stake in Elica PB India, subsidiary of Elica SpA Italy for an estimated Rs 162 crores ($23.6m) in an all cash deal, as reported by The Economic Times and Mint . The deal is expected to close in the second half of 2018 and ...

“Swiggy raised $210 million from a group of investors, catapulting India’s largest food delivery service provider into a select club of startup unicorns with a valuation of $1 billion or more. The latest funding, led by Naspers and billionaire Yuri Milner’s DST Global, values Swiggy at roughly $1.3 ...

“CDH Investments and Morningside Ventures are leading an investment of $14 million in Delhi-based online used phone seller Cashify along with existing investor Shunwei, said a third source familiar with the transactions CDH Investments confirmed the investment in Cashify adding that it is likely to ...

Sunil Mittal-led mobile infrastructure major Bharti Infratel has announced the merger with Indus Towers to create a combined entity with an equity value of Rs 96,500 crores ($14.6bn), making it the world’s second largest telecom tower company after Beijing-owned China Tower, with more than 163,000 towers and having presence in all the 22 circles in India, reported Business Standard and Mint.

Bangalore-based online B2B e-commerce platform, Udaan has secured $50m in a Series B funding round led by Russian billionaire and DST Global founder Yuri Milner’s personal investment vehicle Apoletto, along with partcipation from existing investors Lightspeed Venture Partners US and Lightspeed India...

As expected, after we had broken exclusively last week that Cyril Amarchand Mangaldas (CAM) had been visited by the Central Bureau of Investigation (CBI) about Nirav Modi, the mainstream media, keen on anything NiMo-related at the moment, didn’t take long to jump on the story.

Food and delivery logistics service Swiggy has raised $100m in a Series F round of investment from Naspers and Meituan-Dianping. “Led by the global investment and media conglomerate, Naspers, with participation from the Chinese e-commerce company Meituan-Dianping, the investment is an indicator that...

Mumbai-based web and mobile browser testing platform, BroswerStack has raised Rs 318 crores (around $50m) in a Series A funding round led by US-based venture capital firm Accel for a minority equity position, as reported by TechCrunch and VC Circle . BrowserStack, with offices in Dublin and its Nort...

NYSE listed Fortune 500 company, Arrow Electronics has successfully completed the acquisition of Ahmedabad and California-based product engineering and software R&D services company eInfochips, through its Indian subsidiary for an estimated consideration of Rs 1900 crores (around $300m), as rep...

Mumbai-based software products company, S-Cube Futuretech has been acquired by US-based infrastructure engineering solutions provider Bentley Systems for an undisclosed sum, as reported by VC Circle and The Economic Times . Earlier in 2015, S-Cube had raised $1m from IDFC-Parampara Early Stage Oppor...

The promoter of India’s second largest pharmacy retail chain MedPlus Health Services, has raised around INR 750 crores (approximately $115m) in a debt funding round from Goldman Sachs to buy-back shares from Mount Kellett, TVS Capital Funds and Ajay Piramal’s India Venture Advisors, the existing pri...

In the latest bi-annual rankings compiled by consultancy RSG India, AZB & Partners has topped the table ahead of Shardul Amarchand Mangaldas (SAM) and Cyril Amarchand Mangaldas (CAM), which had topped the table in 2015 when still united in one firm as Amarchand Mangaldas before their break-up (see full table below).

Former Nexus Venture Partners vice president legal Harshita Srivastava has joined Nishith Desai Associates (NDA) in Mumbai to head its venture capital (VC) practice.

US-based spirits maker Sazerac Company has acquired 28% equity stake in India’s leading liquor John Distilleries (JDPL) from leading independent private equity firm Gaja Capital, as reported by VCCircle and Livemint . The remaining 15% stake held by Gaja is said to be acquired by Sazerac in the seco...

Former Nishith Desai Associates (NDA) consultant and 2011 GLC Mumbai graduate Prateek Bagaria has started up law firm Singularity Legal.

“Budget-hotel tech company Treebo has raised Series C funding of $34 million led by Hong-Kong based investment firms Ward Ferry Management and Karst Peak Capital. Existing investors SAIF Partners, Bertelsmann India Investments and Matrix Partners also participated in the round,” reported Your Story.

“KKR, one of the largest PE investors in the world, signed a definitive agreement on Monday to invest $200 million for a 49% stake in Radiant Life Care,” reported the Economic Times.

“The initial public offering of Central Depository Services Ltd (CDSL) received bids for 170 times the number of shares on sale, making it the most attractive IPO in nearly 12 years. The public offering of 24.83 million shares – excluding the anchor investors’ portion – got bids for nearly 52 million shares, stock-exchange data showed at the end of bidding on Wednesday. This translates into bids worth Rs 62,653 crore ($9.7 billion),” reported VC Circle.

“Private equity firm Warburg Pincus LLC part-exited Capital First Ltd by selling a 25% stake in the non-banking financial company (NBFC) through open market transactions on Wednesday, according to a stock exchange filing. Cloverdell Investment Ltd, an affiliate of Warburg Pincus, sold the stake to marquee global and domestic investors, including Singapore’s sovereign wealth fund GIC,” reported Mint.

“Paytm has raised $1.4 billion from SoftBank Group Corp. in the largest funding round by a single investor in India, making the digital payments firm the Japanese company’s biggest bet in India’s start-up ecosystem. The deal includes $400 million worth of shares that SoftBank will buy largely from Paytm’s early investor SAIF Partners in a secondary transaction, and a minor stake from founder Vijay Shekhar Sharma, according to two persons close to the development,” reported Mint.