India: HappilyUnmarried.com gets $740k more from Info Edge; JK Paper-Bilt deal

Delhi-based HappilyUnmarried.com has received Rs 5 crore ($740,000) more from Info Edge (India) Ltd while JK Paper Ltd has offered to buy two paper plants of Ballarpur Industries Ltd (Bilt).

HappilyUnmarried.com receives $740k more from Info Edge

Delhi-based HappilyUnmarried.com, which designs and sells fun products through a hybrid model of offline and online retail, has raised Rs 5 crore ($740,000) more from Info Edge (India) Ltd.

With this, Info Edge has invested a total of Rs 21.3 crore and holds a 48 per cent stake in the company.

Info Edge, which runs consumer internet properties like Naukri, 99acres, Jeevansathi and Shiksha, first invested Rs 5 crore in HappilyUnmarried in 2012 and subsequently injected an additional Rs 4 crore in 2014.

JK Paper offers to buy 2 units of Bilt

JK Paper Ltd has offered to acquire two paper units of Ballarpur Industries Ltd (Bilt), according to a stock market disclosure.

In a BSE filing, Bilt has informed that its subsidiary, Bilt Graphic Paper Products Ltd (BGPPL), has  received a non-binding offer for the the acquisition of BGPPL’s Ballarpur and Ashti undertakings.

These two plants are located at Chandrapur and Gadchiroli districts of Maharashtra and have a combined capacity of 3.53 lakh tonnes per annum.

Avantha Group firm Bilt has a total of five paper plants in the country.

Also Read:

India: Ballarpur Industries to sell entire stake in Malaysian firm SFI for $500m

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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.

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.