By Swaraj Singh Dhanjal
Founded in 2006, Leap Green is promoted by former Formula 1 driver Narain Karthikeyan’s family.
With this, CDPQ’s total investment in the Indian solar power producer stands at $240 million.
RainCan app will be rebranded as BBdaily and will offer subscription-based services
Tata has sought management control of Jet Airways, seeking at least 26% initially and another 26% via an open offer later.
The company is reportedly looking to raise around $125-150 million for its fourth fund, with a focus on sectors such as financial services, food and agriculture, infrastructure and services.
The new round of investment values the company at $160 million (Rs 1,200 crore), against $100 million last year.
While RB Investments and Bessemer Venture Partners may sell out completely in the round, Accel Partners is looking to partially exit its shareholding.
Entrepreneur First has launched a six-month programme in Bengaluru to help build 50 deep-tech startups in AI, machine learning and robotics.
IvyCap is targeting a corpus of up to $8 million for the fund that will invest only in seed and pre-series A rounds.
Fortis accepted an investment offer from Malaysia’s IHH Healthcare Bhd in July after an extended bidding war for control of the company.