Grocery and milk delivery startup MilkBasket has raised $7 million in a Series A round of funding led by Kalaari Capital, along with BeeNext and existing investors Unilever Ventures and Blume Ventures. This is the latest funding in the milk and grocery delivery space, with players such as DailyNinja...

Online pharmacy 1mg has closed a $70 million investment round led by Corisol Holdings, a European family office, with participation from the World Bank’s investment arm IFC, at a valuation of around $200 million. The Series-D round also saw South Korea’s Redwood Global and Korea Omega Healthcare fun...

Two-wheeler rental startup Bounce raised $72 million in its series C funding round led by global technology fund B Capital Group and Falcon Edge Capital, a New York-based hedge fund. Accel Partners India, Accel Partners USA, Chiratae Ventures, Maverick Ventures, Omidyar Network India, Sequoia Capita...

Marston (Holdings) Limited bought 100% in Indian AI start-up LogicValley Technologies Private Limited. “Parktrade is Marston’s third acquisition of 2019, following that of air quality and moving traffic monitoring specialist, Videalert, and Indian artificial intelligence software developer Logic Val...

French luxury goods conglomerate LVMH-backed private equity firm L Catterton Asia will acquire 10 per cent stake in Kishore Biyani-led Future Lifestyle Fashions (FLFL) for an undisclosed sum. L Catterton Asia will acquire an approximately 10 per cent stake in FLFL through a mix of preferential allot...

Sahajanand Medical Technologies (SMT), a manufacturer of cardiac stents, on Wednesday said it has raised Rs230 crore in a funding round led by Morgan Stanley Private Equity Asia. — Mint Economic Laws Practice (ELP) advised previous investor Samara Capital , which also joined the round, led by a team...

Cloud kitchen platform Rebel Foods, formerly known as Faasos, has raised Rs 110 crore in funding from existing investors Sequoia Capital India, Lightbox Ventures and Evolvence India as part of its Series D1 round, regulatory documents sourced from business intelligence platform paper.vc show. The in...

Shardul Amarchand Mangaldas has hired Link Legal India Law Services projects and project finance partner Shashwat Kumar as a partner in Delhi.

Before the establishment of National Company Law Tribunals (“NCLTs”) under the Companies Act, 2013 (“2013 Act”), schemes of arrangement – being court approved arrangements or compromises between a company(ies) and its (their) creditors or members, fell within the purview of the High Courts under Sections 391-394 of the Companies Act, 1956 (“1956 Act”).

Reed Exhibitions, a division of RELX, has announced the acquisition of PackPlus- a portfolio of leading trade fairs previously owned by Next Events, serving the Indian packaging industry. Launched in 2006, PackPlus, an annual event held in Delhi, has established itself as India’s largest dedicated g...

India Agri Business Fund II (IABF-II), co-sponsored by Rabobank, the UK’s CDC Group and Asian Development Bank, has invested $10 million in frozen food products exporter Global Gourmet Pvt. Ltd for a minority stake, top company officials said. — Mint Business Law Chamber advised Global Gourmet led b...

Hong Kong-based school chain Nord Anglia Education Inc. has entered India by acquiring People Combine Education India Initiatives Ltd’s schools under the Oakridge International brand. — VCCircle Platinum Partners advised People Combine Group and its promoters led by a team of partner Ankit Majmudar ...

Aircel’s lenders are said to have approved a proposal of takeover from UV Asset Reconstruction Company (UVARCL), ending a year-long debt resolution process that was the first of its kind in the telecom sector. While the bankrupt operator may have narrowly escaped liquidation, its financial creditors...

GMR Infrastructure said a consortium comprising the Tata Group, an affiliate of Singapore sovereign wealth fund GIC and Hong Kong-based SSG Capital Management would invest Rs 8,000 crore ($1.16 billion) in its airports unit. GMR will use the entire fund to bring down its debt to Rs 12,000 crore from...

Haldirams Ltd and its promoters acquired Everstone Capital-backed Pan India Food Solutions Ltd (PIFS) along with various popular food brands owned by PIFS, such as Gelato Italiano, Coffee Bean & Tea Leaf and Spaghetti Kitchen, according to reports . Shardul Amarchand Mangaldas & Co Kolkata...

JSW Steel Tuesday went procedurally a step closer to acquiring an asset in bankruptcy-induced ownership change after the administrator overseeing the sale of Bhushan Power and Steel issued a letter of intent (LoI) in favour of India’s biggest maker of the alloy. JSW Steel had made a Rs 19,650-crore ...

India-bred private equity firm Chrys Capital is set to buy 10 per cent in fast-growing Mankind Pharmaceuticals for $350 million. GIC of Singapore and CPPIB of Canada may co-invest in the deal, likely to be signed this week. — Business Standard Desai & Diwanji advised GIC , the sovereign wealth ...

The Ahmedabad bench of the National Company Law Tribunal has approved the Rs 42,000-crore resolution plan submitted by ArcelorMittal for the debt-ridden Essar Steel Ltd. The tribunal’s approval for the mega deal has come 583 days after it started the insolvency proceedings, instead of the mandated 2...

Piramal Enterprises Limited and Ivanhoe Cambridge have announced an equity investment of Rs 500 crore for development of Palava, a smart city being developed by Lodha Group, located in the Mumbai Metropolitan Region. — Moneycontrol Veritas Legal advised Lodha Developers Limited led by a team of part...

Asia Healthcare Holdings, the platform backed by TPG Growth and Temasek Holdings, is all set to acquire Nova IVI Fertility, in a deal said to be worth $100 million, ET first reported, — The Economic Times Veritas Legal advised TPG and Asia Healthcare Holdings (AHH) led by a team of partner Nandish V...