Search Results for:Ishita Russell

Exclusive: PE firm Lighthouse Funds aims to launch new $200m fund by year end

Having raised $235 million across its last two funds, Mumbai-based private equity firm Lighthouse Funds is gearing up to launch its largest fund yet in the next few months. Founded by Mukund Krishnaswami and Sean Novak, Lighthouse launched its first India-focused investment vehicle — India 2020, Limited (“Fund I”) — with a corpus of approximately $100… Read more »

India: Snapdeal sells Freecharge to Axis Bank for a song at $60m

Snapdeal had acquired Freecharge for around $400 million in April 2015.

Tencent likely to invest $400m in India’s Ola to take on Uber: Report

Ola has so far raised around $400 million in its on-going funding round.

India Dealbook: Dentsu acquires Sokrati; Bird Group buys hotel in UK

While Dentsu Aegis has acquired Pune-based data analytics firm Sokrati, the Bird Group has bought its third hotel in Britain. Dentsu acquires IvyCap-backed data analytics firm Sokrati Dentsu Aegis Network Ltd has signed an agreement to acquire a 51 per cent stake in IvyCap-backed data analytics and performance marketing firm Sokrati Technologies for an undisclosed… Read more »

Anonymous blog post alleges Swiggy fudged numbers; startup denies claims

In May, Swiggy raised $80m Series E led by Naspers.

India Dealbook: IAN, Anand Mahindra back Thinkerbell Labs; Bugworks to get CARB-X funding

Thinkerbell Labs, which builds literacy devices for the visually impaired, has raised an angel investment of Rs 1.3 crore ($202,000) from the Indian Angel Network and Anand Mahindra.

India: Hero Enterprise invests $10m in Corvi LED Light, to pick strategic stake

Hero recently announced $15.5 million investment in Aavishkaar’s new fund

India Digest: Prestige eyes funding through divestment; Amazon puts $215m in data services unit

Prestige Estate is looking divest its stake across its business verticals to raise funds, while Amazon has put in $214.6 million (Rs 1,381 crore) into the Indian arm of its data services operations. Prestige Estate eyes funding through divestment in businesses In a bid to raise funds, Prestige Estate Projects is looking divest its stake… Read more »

Over half of fintech funding globally in Q2 went to Asia, thanks to Softbank-Paytm deal

Asian deal volumes and funding in fintech are on pace to surpass 2016’s record at the current run rate.

India Digest: Noticeboard gets $1.2m from Stellaris; CL Educate ups stake in 361Minds

Enterprise communications platform Noticeboard has raised $1.2 million from Stellaris Venture Partners while CL Educate Ltd has invested an additional Rs 8 crore ($1.2 million) in Threesixtyone Degree Minds Consulting Pvt. Ltd. Communications platform Noticeboard raises $1.2m from Stellaris Venture Enterprise communications platform Noticeboard has raised $1.2 million from Stellaris Venture Partners in its first… Read more »