India Digest: Godrej Agrovet ups Maxximilk stake; Arinna in funding talks

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Godrej Agrovet has bought an additional 10.91 per cent stake in Israeli biotech firm Maxximilk while Arinna Lifesciences is in talks with venture capital funds to raise around $10.7 million in a Series B round of financing.

Godrej Agrovet ups Maxximilk stake

Godrej Agrovet Ltd, the agribusiness subsidiary of Godrej Industries Ltd, has bought an additional 10.91 per cent stake in Israeli biotech firm Maxximilk Pvt. Ltd, thus taking its shareholding in the company to 62.97 per cent, it said in a BSE filing last week.

Financial details of the transaction were not disclosed.

Godrej Agrovet had bought a majority stake in Maxximilk in January last year. Maxximilk specialises in in-vitro production of high-quality embryos-for transfer and helps dairy farmers increase their yield.

Arinna Lifesciences in funding talks

Motilal Oswal Private Equity-backed Arinna Lifesciences is in talks with venture capital funds to raise around Rs 75 crore ($10.7 million) in a Series B round of financing.

According to an Economic Times report, the company has mandated investment bank KPMG to scout for investors. The Ahmedabad-based company has already received interest from mid-market PE funds and large VC funds.

Motilal Oswal PE had invested $5 million in Arinna Lifesciences in 2015.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.