Senior Writer & Content Specialist, India
The investment from SoftBank is likely to value FirstCry at around $600-700 million.
In August 2016, Innovaccer had raised $15.6 million in a Series A round of funding led by Westbridge Capital.
The Delhi-based startup launched its vegan and chemical-free unisex skin and hair care product range early last year.
Drums plans to use the funds to expand its distribution and cold chain capabilities, setting up its own facility as well as for inorganic growth.
Emirati business tycoon Rashid Al-Habtoor has reportedly offered to acquire India’s Leela Group of Hotels with an equity infusion of about $600 million.
Edtech startup Leverage Edu has raised a pre-Series A round of funding led by early-stage venture capital firms DSG Consumer Partners and Blume Ventures.
The acquisitions are targeted at positioning EbixCash, the Indian arm of Ebix, as the largest financial exchange in the country.
The latest funding takes the total amount of equity capital raised by the Indian NBFC to $700 million since its inception in 2008.
Pepperfy is in talks with Goldman Sachs PE, Norwest Venture Partners and Bertelsmann India Investments for more investments.
IIFL India PE Fund is targetting to raise up to Rs 1,500 crore.