Report Bee Edusys, Guru-G Learning get funding from India Educational Investment Fund

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Report Bee Edusys Pvt. Ltd, which helps measure and improve learning through analytics, and Guru-G Learning Labs (India) Pvt. Ltd, which supports teachers through a gamified platform on an app, said on Monday they have received an undisclosed amount of funding from India Educational Investment Fund (IEIF), a fund focused… Read more »

Zomato enters unicorn club with $60m funding from Temasek, Vy Capital

Zomato Media Pvt. Ltd, a restaurant search and review website, has raised $60 million in fresh capital, largely from Singapore’s Temasek Holdings Pte and existing investor Vy Capital, the company said on Monday. The Gurgaon-based company’s largest investor Info Edge (India) Ltd, which owns a 47% stake in Zomato after… Read more »


IL&FS Transportation in talks to sell operational road projects

IL&FS Transportation Networks Ltd (ITNL) is looking to sell most or all of its operational annuity road projects in an effort to reduce debt before the end of this fiscal year, said two people familiar with the company’s plans. The company is in early-stage talks with international pension funds as… Read more »


Bain to open new office in Bengaluru

US-based consulting firm Bain and Co. plans to open a new office in Bengaluru as part of its plan to drive growth in Asia’s third largest economy. The move is aimed at expanding its presence in south India and catering better to the rising demand for its services from clients… Read more »


India Dealbook: Telephonics Corp increases its stake in JV with Mahindra Group, Quintillion invests in YouthKiAwaaz, PVR approves amalgamation with Bijli Holdings

The deals space in India continues to heat up with companies either upping their stake in existing investments or planning new investments. Telephonics Corporation is increasing its stake in Mahindra Telephonics, which is a joint venture between Mahindra Defense Systems and Telephonics, while Quintillion Media has invested $0.6 million (Rs4 crore)… Read more »


Indian e-commerce major Snapdeal to invest $100m in Shopo

Snapdeal, one of India’s largest e-commerce players, is investing $100 million (about Rs 665 crore) in Shopo, the commission-free marketplace it acquired two years ago and re-launched in July 2015. Kunal Bahl, co-founder and CEO of Snapdeal, said that the investment will go towards strengthening the Shopo brand and upgrading its… Read more »


Product engineering firm Aricent to invest $500m in India: Report

US-based product engineering and software firm Aricent plans to invest $500 million (Rs3,000 crore) in acquiring companies in the technology space and enhancing its product development capacity in India over the next three years, said a report in PTI. “We are a high-growth company, growth is our focus. We want… Read more »


Global hospital chains, PE majors in race to buy India’s CARE Hospitals: Report

The consortium of private equity group Abraaj, PD Hinduja Hospital and Everstone Group has emerged as the frontrunner to acquire multi-specialty hospital chain CARE Hospitals from its current owners Advent International, as per a report in The Economic Times. The consortium is competing with rival offers from another combination of South… Read more »


India: PE firm New Silk Route plans second fund

Private equity firm New Silk Route plans to launch its second fund soon after the initial public offering of Cafe Coffee Day (CCD), India’s biggest homegrown coffee chain, said a report in The Economic Times. Coffee Day Enterprises Ltd (CDEL), the holding company of the CCD, has filed a draft… Read more »


India Dealbook: Edelweiss ARC buys 10% in Electrotherm; Genesis Asset sells stake in Ambuja Cement

The deal space in India continues to witness robust action, and last week saw Edelweiss Asset Reconstruction Company acquiring a 10% stake in Ahemdabad-based engineering and metals firm Electrotherm India, as well as UK-based investment management firm Genesis Asset Managers LLP selling 2.01% stake in Ambuja Cement. Edelweiss ARC buys 10% in ailing Electrotherm… Read more »