Ishita Russell

Senior Writer & Content Specialist, India

India: Biomass cooking stove maker Greenway raises $2.5m from Pramod Bhasin, others

Global non-profit investment organisation Acumen, has partnered with Vikram Gandhi, founder of Asha Impact, a platform to address India’s developmental challenges, and former Genpact CEO Pramod Bhasin, to invest $2.5 million in biomass cooking stove maker Greenway Appliances, according to a report in The Economic Times. The investment is part of Greenway’s Series-A… Read more »

India Dealbook: MRSS buys 30% in EMTEE Research, Loofre plans $1m investment

MRSS has made EMTEE Research its wholly-owned subsidiary by acquiring the remaining 30 per cent stake for an undisclosed amount. And online table reservation startup Loofre plans to invest $1 million for the expansion of its operations in India and overseas. MRSS acquires remaining 30% stake in EMTEE Research Majestic… Read more »

India: Inc42 raises pre-Series A funding from Unicorn, Aarin Capital, others

Media startup Inc42 has raised an undisclosed amount in its pre-Series A funding from a number of investors including Unicorn India Fund and Mohandas Pai’s fund, Aarin Capital. In a statement Inc42 said there were a total 42 investors who participated in this round including Singapore Angel Network, Singapore-based M&S Partners Pte… Read more »

India: Weddingz raises pre-Series A funding from Sixth Sense Ventures

Mumbai-based L-Fast Brands Pvt. Ltd, which owns and operates Weddingz, an online market for wedding venues and vendors, has raised an undisclosed sum from consumer-focused venture capital firm Sixth Sense Ventures, according to a report in The Economic Times. The investment comes almost two months after the company raised over $1… Read more »

IFC to lend up to $62m to Actis-backed Ostro Energy for new projects in India

International Finance Corporation, the lending arm of World Bank, will lend up to $62 million to Ostro Energy Pvt Ltd, a renewable energy platform backed by private equity firm Actis. Actis is a global private equity firm focusing exclusively on emerging markets in Asia, Latin America and Africa with $7.6 billion assets… Read more »

IFC to extend $40m debt for SRF’s greenfield facility in India

International Finance Corporation, the private lending arm of World Bank, will extend a financing of up to $40 million to SRF Ltd  for its proposed greenfield facility for the production of BOPET film in India. While the total cost of the project is estimated at around $58 million, IFC is considering… Read more »

India: Firstcry’s logistics arm Xpressbees raises $8m from SAIF Partners, Vertex

E-commerce logistics firm Xpressbees has raised around $8 million from early-stage investor SAIF Partners and Vertex Ventures, the venture arm of Singapore government’s investment fund Temasek, according to a report in Times of India quoting sources. Xpressbees, is the logistics arm of the Ratan Tata-backed startup—an e-commerce portal for… Read more »

India: gets funding led by Endiya Partners via TracxnSyndicate

Mobile development tool kit startup,, has raised an undisclosed amount of funding from Endiya Partners, a newly floated fund by Sateesh Andhra (previously VentureEast and DFJ India), through TracxnSyndicate, the company said in a statement. The round also saw participation from Tracxn Labs and angel investors including Mekin Maheshwari, Rajesh Sawhney among others…. Read more »

Exclusive: Indian local discovery platform SHOUUT raises $500k seed funding

Delhi-based Giant Tech Labs Pvt Ltd, which operates places, events and offers discovery platform discovery app Shouut, has raised $500,000 in its seed funding round from a high-networth individual angel investor, founder and CEO Praveer Kochhar told DEALSTREETASIA. SHOUUT is a 250-character recommendation platform for places and events. Users can also… Read more »

India: PE firms queue up to buy stake in Bharat Biotech as existing investors eye exit

Carlyle Group, TPG Capital Management, Advent International and Temasek Holdings are reportedly in talks to buy stakes of three PE investors in Bharat Biotech for about $200 million, according to an Economic Times article. The twenty-year-old company is expected to be valued at $600 million, the report said, quoting sources. Domestic private… Read more »