Sudheer Kuppam’s VC firm to raise $400 million

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Sudheer Kuppam, former managing director at Intel Capital, has formed his own venture capital (VC) firm, Epsilon Venture Partners, and plans to raise $400 million for the venture. Kuppam, who left Intel on 31 August after leading its investments in the Asia-Pacific, said the new fund will focus on investments… Read more »

Cipla to acquire generic businesses in US for $550m

Mumbai-based Cipla Ltd on Friday announced that its UK arm Cipla EU will acquire two US-based companies, InvaGen Pharmaceuticals Inc. and Exelan Pharmaceuticals Inc., for $550 million. The combined revenue from these transactions is over $200 million for the year ended December 2014 and over $225 million in the 12… Read more »


India may rope in e-commerce giants Flipkart, Amazon, Snapdeal to sell solar products

The government is roping in the popular marketing platforms of e-commerce companies Flipkart, Amazon and Snapdeal to promote solar energy in the country, according to a senior government official, who did not wish to be named. The ministry of new and renewable energy (MNRE) has been writing to these firms… Read more »


Value of India’s top 30 software product startups crosses $10b

The top 30 software product startups in India are now valued at $10.25 billion, a 20% increase from October 2014, says the updated version of the India Software Products Industry Index– B2B, compiled by software products think tank iSPIRT. In the updated version of the report, which doesn’t disclose the… Read more »


Indian realty firm Unishire raises $19m debt from Reliance AIF

Realty firm Unishire Urbanscape Pvt. Ltd has raised $19 million (Rs126 crore), through issue of non-convertible debentures (NCD), from Reliance AIF Asset Management Co. Ltd to clear high-cost debt and for ongoing projects. Reliance AIF has deployed the money from its recently raised Rs1,000 crore fund, Reliance Yield Maximiser Alternative… Read more »


India People Dealbook: Ex Microsoft exec Gollapali joins Yatra; Sudeep Tandon joins FreeCharge; Chaturvedi to head strategy at Mobikwik

With India emerging as one of the world’s fastest growing e-commerce markets, it is not surprising that this sector is betting big on talent acquisition strategy to steer growth. The demand for experienced industry professionals continues to soar in this sunrise industry. Dealstreetasia captures some recent movements and new appointments… Read more »


BPL Medical Technologies acquires UK-based Penlon

Bengaluru-based BPL Medical Technologies Pvt. Ltd, a medical devices company backed by global investment bank Goldman Sachs, on Tuesday said it is acquiring UK-based medical devices manufacturer Penlon Ltd. The firm did not disclose the value of the transaction. Penlon is a global manufacturer of anaesthesia systems and vaporizers with… Read more »


India: Ola and Uber finally gaining pricing power as they grow

The moves by rival cab-hailing services Ola and Uber to charge cab drivers for using their services highlight the growing pricing power they have with drivers as well as customers. Ola (ANI Technologies Pvt. Ltd) and Uber India have started charging drivers Rs.300 per week, as they attempt to prevent… Read more »


Recruitment start-ups on a tech drive to make a dent in jobs market

Online recruitment start-up TalentPad decided to shut shop this month after being in business for barely 18 months. The start-up raised an undisclosed amount from Helion Venture Partners in 2014, acquired technology recruitment platform OptimizedBits and clocked more than $1 million in revenue in its lifetime, but it wasn’t quite… Read more »


Indian lingerie e-tailer Zivame bags $40m funding from Malaysia’s Khazanah, others

Online lingerie store Zivame, owned by Actoserba Active Wholesale Pvt Ltd, has raised Rs.250 crore in a series C funding round from Zodius Technology Fund and Khazanah Nasional Bhd, the investment holding arm of the government of Malaysia. Existing investors Unilazer Ventures, IDG Ventures India and Kalaari Capital also participated in… Read more »