India: On-demand healthcare marketplace Inayo raises $300,000 from angel investors

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Mumbai-based Kopenz Interactive Solutions Pvt Ltd which owns and operates on-demand healthcare marketplace, Inayo has raised $300,000 from a group of angel investors including Amit Ranjan, founder of SlideShare and Zishaan Hayath, co-founder of Toppr.com, the company said in a statement on Saturday. The firm will use the fund to… Read more »

India: New computer system to reduce online data snooping

There are no two opinions that Big Data analytics has the potential to reenergise businesses by inspecting mountains of data to provide insights into consumer behaviour. Researchers, too, have been mining massive online datasets for insights that can save lives, improve services and inform our understanding of the world. On… Read more »


India: Pepsi bottler Varun Beverages gets $90m from AION Capital

AION Capital, a joint investment platform of Apollo Global and ICICI Venture, has invested Rs 600 crore ($90 million) to buy an undisclosed stake in Varun Beverages Ltd. (VBL), the largest bottler of beverages major PepsiCo in India. AION invested through its Singapore-based arm AION Investments II, through a mix… Read more »


India: Apax Partners to buy Electra PE’s stake in Zensar Technologies for $129m

Private equity (PE) firm Apax Partners will buy a 23% stake in Zensar Technologies Ltd, part of the RP Goenka Group, from Electra Private Equity Plc. After the transaction is completed, Electra will receive approximately £84 million (around Rs.835 crore). “Inclusive of dividends and proceeds from the sale of shares,… Read more »


What’s holding up Alibaba’s proposed $1b investment in Indian handsets maker Micromax?

Nearly a year after China’s Alibaba Group Holding Ltd and India’s Micromax Informatics Ltd began talking about a $1 billion infusion by the marketplace into the Indian handset maker and three months after the deal was expected to be announced, the transaction is yet to reach closure. Over the past… Read more »


India: Online supermarket LocalBanya.com suspends operations temporarily

Online supermarket Localbanya.com has temporarily suspended operations as the company gears for a technology and services upgradation. “Your banya is upgrading his technology and services. We will be back shortly with more exciting features and a far better delivery experience. We can’t wait for you to experience the new and… Read more »


India: Taxi-hailing service Ola buys minority stake in ZipCash

India’s largest taxi hailing service Ola, run by ANI Technologies Pvt. Ltd, together with co-founder Bhavish Aggarwal, has acquired a minority stake in ZipCash Card Services Pvt. Ltd, a company with a wallet licence from the Reserve Bank of India (RBI), documents filed with the Registrar of Companies show. ANI… Read more »


Temasek-led Vertex Ventures appoints Ben Mathias as India head

Vertex Ventures, the venture capital arm of Singapore’s Temasek Holdings, had appointed Ben Mathias as managing director and head of India operations, said a press statement. Mathias takes over from Ajay Lakhotia, who quit Vertex Ventures last month to start his own venture. The appointment of Mathias reaffirms Vertex’s continued… Read more »


India Dealbook: Nalanda Capital picks stake in Elgi Equipments; Quikr invests in hyperlocal search engine WoNoBo

Private equity firm Nalanda Capital has picked over 2 per cent stake in Elgi Equipments for a total consideration of nearly $6.5 million, while online classifieds portal Quikr has invested an undisclosed amount in Genesys International Corp led hyperlocal search engine WoNoBo.com. PE firm Nalanda Capital buys stake in Elgi Equipments… Read more »


India: TVS Logistics buys majority stake in Australia’s Transtar for $31m

TVS Logistics Services Ltd said on Thursday that it had bought a majority stake in Melbourne-based logistics company Transtar for $31 million (Rs.200 crore) to boost its presence in the Asia-Pacific region and in the freight forwarding services market. TVS Logistics plans to fund the debt-and-equity deal through internal accruals,… Read more »