Search Results for:Pramugdha Mamgain

Britannia may form India JV with Greek baker Chipita

FMCG major Britania Industries Ltd on Tuesday announced that it has signed a non-binding memorandum of understanding (MOU) with Greece’s cakes and confectionery firm Chipita for exploring certain business opportunities including a joint venture. “The company is in advance stage of discussion with Chipita to finalize definitive agreements inter alia… Read more »

India: ArthVeda may raise $1b more for affordable housing projects

Mumbai-based ArthVeda Fund Management is looking to raise $1 billion over the next two years to invest in low and middle income housing projects across the country, as per a report in The Economic Times. The fund manager is eyeing long-term institutional investors including sovereign funds, pension funds, fund of… Read more »

IFC may invest $20m in China’s Qiongzhong Rural Credit Cooperative

International Finance Corporation (IFC), the private lending arm of the World Bank, has proposed to invest up to $20 million (RMB 130 million) in China’s Qiongzhong Rural Credit Cooperative (RCC), as per an IFC disclosure. The proposed investment would consist of a senior debt for a three-year tenor, and help… Read more »

India: Softbank Korea, IMM Investment lead $15m Series B funding in True Balance

Mega Investment, Korea Development Bank, and Capstone Partners too participated in the latest financing round

India: Paytm E-commerce in early talks with Snapdeal for merger: report

Electronics payments company and marketplace Paytm has had exploratory talks with Snapdeal last month on merging its e-commerce business with the latter in an all-stock transaction, as per a report in The Economic Times. Further details on the talks held between the two parties could not be ascertained owing to… Read more »

China: Baidu acquires Y Combinator-backed AI startup Raven

iResearch estimates China’s AI market to touch 9.1 billion yuan by 2020.

China’s CMC Capital Partners invests in Formula E

Formula E Holdings Ltd, through its subsidiaries, provides electric racing series

India: Queue management firm Sminq acquires CodePandora in cash-equity deal

Queue management firm Sminq on Tuesday announced that it has acquired CodePandora, a UX focused software services firm, in a cash and equity deal. As part of the acquisition, the entire technology team of CodePandora will join Sminq, and will be a part of the stock rewards program at Sminq,… Read more »

Warburg Pincus leads $100m Series D funding in China’s Yunniao

US-based private equity major Warburg Pincus has lead a $100 million series D funding round in intra-city B2B courier service platform Yunniao Delivery, the Chinese company said in a statement on Monday. Existing investors Matrix Partners, and GSR Ventures too participated in the round. Warburg Pincus had also led a… Read more »

Deutsche AM acquires two logistics facilities in Australia from Propertylink for $56m

Deutsche Asset Management (Deutsche AM) on Monday announced the acquisition of two logistics facilities from Propertylink, a listed Australian real estate investment trust, in an off market transaction on behalf of a German institutional client for $56.07 million (AUD 73.1 million). The acquisitions follow the recent purchase of GLP Narita,… Read more »