India: Bharti’s Akhil Gupta, KKR to buy majority stake in asset reconstruction company IARC


Akhil Gupta of Bharti Group and US private equity firm KKR are set to buy a majority stake in International Asset Reconstruction Co (IARC), which was set up by Tata Capital and HDFC Bank in 2002, according to a report in The Economic Times. Both KKR and Gupta have committed… Read more »

India: Digital education provider Educomp’s lenders mull strategic debt restructuring

Lenders to digital education provider Educomp Solutions Ltd are mulling conversion of debt to a majority equity holding under the strategic debt restructuring (SDR) scheme, two bankers in the know confirmed. “Bankers will be conducting a meeting in the second week of January to take a final call on whether… Read more »

India: Digital touch points for brands, local language content to drive advertising strategy

The advertising sector in India is expected to grow 13% this year. The big story of 2016 will be the return of TV and, to some extent, print media, as they are expected to grow their advertising revenue pie on the back of e-commerce ads. Ad spending on digital media… Read more »

India Dealbook: 500 Startups invests in My Child App; 360 Ride raises $150K in seed; Sensara fund raise

My Child App, which helps parents track developmental disorders in their child, has raised $100,000 in seed funding from 500 Startups, while P2P ride-sharing platform 360 Ride has raised $150,000 from a Delhi-based investor. 500 Startups invests $100K in My Child App My Child App, which helps parents track developmental disorders… Read more »

India 2015: Led by pharma, top 5 M&A deals cross $4b

Merger and acquisition (M&A) activity, which was on a rise in 2015, saw the pharma sector leading the trend among top significant deals

India: M&As, ethnic products & niche F&B startups to keep FMCG buzzing in 2016

Weak consumer sentiment and lower-than-expected demand impacted sales at large consumer goods firms in 2015 in both urban and rural markets. Rural demand suffered due to a second straight year of poor monsoon rains. However, analysts and executives expect some buoyancy in the market, as the implementation of the Seventh… Read more »

Aditya Birla Group promotes Sushil Agarwal as group CFO, Ashish Adukia as deputy CFO for telecom biz

Aditya Birla Group has promoted Sushil Agarwal as group chief financial officer (CFO), according to an Economic Times report. Agarwal who has been serving as CFO and whole-time director of the group firm Grasim Industries till now, has also served as CFO of Aditya Birla Nuvo previously. He has almost… Read more »

India: Ratan Tata invests in data analytics company Tracxn

Tracxn Technologies Pvt. Ltd, a data analytics company that tracks start-ups, has secured funding from Ratan Tata, chairman emeritus of Tata Sons Ltd, co-founder Abhishek Goyal said, without disclosing the amount. The three-year-old company has in the past raised $3.7 million from Flipkart founders Sachin Bansal and Binny Bansal; Sahil… Read more »

Unicorn India Ventures announces first close of its early stage fund

Unicorn India Ventures, an early-stage investment fund, has achieved the so called first close of Rs.40 crore, according to the venture capital (VC) fund’s founders Anil Joshi and Bhaskar Majumdar. A fund-raising firm announces first close of its funds to release the fund and start investing. It will continue to… Read more »

Video streaming service Netflix to tap Indian market for global expansion

Netflix Inc’s global expansion is set to reach movie-mad India, industry executives said, where high-speed Internet connectivity is rapidly spreading among a vast population used to paying pennies for their latest Bollywood fix. Slowing growth at home in the United States has put pressure on video-streaming service Netflix to grow… Read more »