CX Partners-led consortium acquires Indian clinical research firm Veeda


Founded in 2004, the clinical research firm offers a range of clinical studies including healthy volunteers and patient trials for generics, NCE and biopharmaceuticals.

India: Flipkart, Myntra reshuffle top management to streamline businesses

Flipkart has moved large appliances head Sandeep Karwa to work on the company’s new hyperlocal offering, which rolls into the overall grocery business.

Singapore’s Grab confirms $100m investment in SoftBank-backed OYO Hotels

OYO had earlier said it got commitments for $1 billion from its investors including SoftBank.

India Dealbook: Rainmatter invests in LearnApp; IP Ventures backs Tabono Sports

LearnApp plans to use the funding proceeds to expand its video offering besides ramping up technology platform.

Public sector lender Dena Bank to sell properties worth $65m before merger

Dena bank has listed 14 properties, including 6 branches in Mumbai, and issued a request for proposal to appoint a legal consultant for the sale.

Android creator Andy Rubin’s firm acquires Indian-origin startup CloudMagic

CloudMagic was incubated inside Webyog, which built tools for database management, and was spun off as a separate company in 2013.

India: Xponentia Capital in talks to invest $10m in pilot training centre FSTC

In August, Samara Capital and Xponentia acquired Spoton Logistics, in a Rs 550 crore deal with India Equity Partners.

India 2018: PE-VC investments touch $27b in Jan-Nov, surpass previous record

While investments touched a new record, exits were a damper, declining 85%, compared to the $2.7 billion witnessed in November 2017, to $394 million.

India: Online classifieds platform Quikr gets $8m venture debt from InnoVen

Quikr has raised over $350 million so far in equity funding from Warburg Pincus, Matrix Partners and Norwest Venture Partners, among others.

PremjiInvest leads $103m funding in US data platform provider Looker

The deal marks Premji’s fourth disclosed investment in a US startup this year.