India Dealbook: Murugappa’s A Vellayan bets on Trimed, Greenvision raises $8m

Chennai-based Trimed has raised an undisclosed amount of funding from A Vellayan, chairman of Murugappa Group. Greenvision Technologies has received $8 million from Singapore-based Vintage Energy & Resources.

Mugugappa Group’s A Vellayan invests in Trimed

A Vellayan, chairman of business conglomerate Murugappa Group, has invested an undisclosed amount in Trimed in his personal capacity, according to a Business Standard report.

Launched in 2011, Trimed is a chain of integrative medical therapy centers. Run by Dr Esks Centre of Integrative Medical Specialties Pvt Ltd, the company provides wellness services through neighbourhood centers with doctors and offers 11 therapy verticals.

Trimed will use the money for developing its technology and expanding its footprint.

The Murugappa Group is managed by the Murugappa family and has 28 businesses including 11 listed companies.

Greenvision Tech raises $8m from Singapore’s Vintage Energy

Bangalore-based Greenvision Technologies, which provides information technology infrastructure solutions and services, has raised $8 million from Singapore-based venture fund Vintage Energy & Resources, according to a report in Economic Times.

Founded in 2008, Greenvision Technologies specialises in the research, design and manufacturing of lead acid batteries under Relicell brand for diverse applications like UPS standby power, emergency lighting, solar & wind energy storage, telecommunications power supply, electric vehicles, railway signaling systems, etc.

The company has a manufacturing facility at Hosur, Tamil Nadu.

Also Read:

Mahindra does a rethink on Ssangyong plan, eyes JV in China for manufacturing

Indian authorities raid Sequoia Capital’s Bangalore office as part of Vasan Healthcare probe

India Dealbook: Healthcare startup Imedilane, edtech firm Vahan raise funds

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.