Ishita Russell

Senior Writer & Content Specialist, India

India Dealbook: Innovaccer, ITILITE, Aye Finance secure fresh funding

In August 2016, Innovaccer had raised $15.6 million in a Series A round of funding led by Westbridge Capital.

India: DSG Consumer Partners backs personal care startup Arata Zero Chemicals

The Delhi-based startup launched its vegan and chemical-free unisex skin and hair care product range early last year.

Danone’s VC arm strikes first Asia deal, leads $25m round in India’s Drums Food

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.

India Digest: Emirati tycoon eyes Leela hotels; Kotak, Karvy Data bid for Ricoh

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.

India Dealbook: Leverage Edu, Zoomtail secure fresh funding

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.

US-based Ebix acquires India’s Essel Forex, Weizmann Forex

The acquisitions are targeted at positioning EbixCash, the Indian arm of Ebix, as the largest financial exchange in the country.

Indian lender DMI Finance raises $230m from Europe’s New Investment Solutions

The latest funding takes the total amount of equity capital raised by the Indian NBFC to $700 million since its inception in 2008.

India Digest: Online retailers Pepperfry, Hopscotch eye new funding rounds

Pepperfy is in talks with Goldman Sachs PE, Norwest Venture Partners and Bertelsmann India Investments for more investments.

Many niche PE funds will emerge in next few years in India: Amit Mehta, IIFL Asset Management

IIFL India PE Fund is targetting to raise up to Rs 1,500 crore.

India Digest: Promoter may sell Eveready; Grover Zampa eyes USL, HCC wine assets

The promoter owns 45% of Eveready and is said to have mandated Kotak Mahindra Bank for the potential sale.