Glenmark Pharmaceuticals Ltd., a research-led, integrated global pharmaceutical company, announced that it has entered into a definitive agreement with Dr. Reddy’s Laboratories Ltd. to divest its brand Momat Rino (for Russia, Kazakhstan and Uzbekistan), Momat Rino Advance (for Russia), Momat A (for Kazakhstan and Uzbekistan), Glenspray and Glenspray Active (for Ukraine), along with rights to…
Infraprime Logistics Technologies, the Electric Truck and construction logistics startup based out of Gurugram, is planning to catalyse investment of $200 million to electrify and organize construction logistics in India. The three-year-old Company has grown to over $50m in terms of annualized gross logistics value of the contracts being executed. The investment by the Company…
Kaagaz Scanner, a Indian document scanning and storage app, has raised $575,000 in a funding round led by Pravega Ventures, alongside Axilor Ventures, Better Capital and a few prominent angel investors, including Phanindra Sama (Founder of RedBus), Farooq Adam (Founder of Fynd) and others. Launched in 2020 by Snehanshu Gandhi, Gaurav Shrishrimal and Tamanjit Singh…
Awign announced it has raised funds from existing investors Michael and Susan Dell Foundation, Unitus Ventures and Eagle10 Ventures, according to PTI report. The startup will use the funding to finance its expansion to more cities and introduce new services. The company however did not say how much money was raised in the latest pre-series…
GetWork, a campus recruiting platform to post youth jobs and hire across dozens of colleges at once, has raised Rs 30 lakh investment in a pre-Seed funding round from Rudraksh Ventures. Rudraksh Ventures is an early-stage investment firm founded by angel Investor Munish Bhatia, ex-Aon Hewitt and DXC Technologies. The startup will utilise the current…
Farmkart, a Madhya Pradesh-based agritech startup which offers a wide range of agricultural products and services to farmers through its e-commerce platform, is planning to raise Rs 90 crore in Series A funding from venture capitalists for expansion across the country, according to PTI report. “At present we are functioning at 1,240 locations in Madhya…
CG Power and Industrial Solutions said Murugappa Group firm Tube Investments of India Ltd has acquired a controlling stake in it and now holds 50.62 per cent of the company’s paid-up share capital. The company infused Rs 700 crore into the company and appointed directors on its board. According to the stock exchange filing, CG…
Adani Transmission Ltd (ATL), India’s largest private sector power transmission company, announced it has acquired 49% stake in Alipurduar Transmission Limited from Kalpataru Power Transmission Ltd. (KPTL) with agreement to acquire balance 51% after obtaining requisite regulatory and other approvals and in a manner consistent with Transmission Service Agreement. The share acquisition is pursuant to…
Education-technology startup Yellow Class has raised $1.3 million in a pre-Series A funding round led by India Quotient, an early stage investor. India Quotient fund companies building disruptive businesses aimed at Indian consumers. Other participants that participated in the funding round are Snapdeal founders Kunal Bahl and Rohit Bansal, Indifi founder Alok Mittal, Oyo executives…
Cityflo, an app-based bus service that provides a commute experience for corporate professionals in Mumbai, has raised Rs 57 crore in Series A funding led by Lightbox Ventures. Existing investor India Quotient along with other angel investors also participated in the round. Earlier in 2019, India Quotient had invested Rs 3 crore into the startup…
Pravasi Rojgar, an app built by actor Sonu Sood to offer support to workers in finding right job opportunities in various sectors across the country, has entered a joint venture with Temasek’s job search platform for blue-collar workers GoodWorker. The JV will formally launch its product offerings in early 2021. GoodWorker has also made an…
Eightfold.ai, a talent intelligence platform, built for enterprises, to address talent acquisition and management, has announced that it has raised a $125 million in Series D funding round led by General Catalyst and also includes investors from previous rounds, including Capital One Ventures, Foundation Capital, IVP and Lightspeed Venture Partners. Total funding raised to date…
Unacademy, India’s leading learning platform, announced it has raised a fresh investment round from Tiger Global Management and Dragoneer Investment Group. The funding round values Unacademy Group at $2 billion. The latest fund raise follows a round in Sept. 2020 when the company raised an investment of $150 Million in a round led by SoftBank…
Laurus Labs announced it has signed a definitive agreement to acquire 72.55% of Richcore’s shares from Eight Roads Ventures and VenturEast for a value of Rs. 246.7 crores. Richcore, a fast-growing biotech company based in Bengaluru with its advanced R&D and manufacturing facilities, develops and manufactures biotech products critical for manufacturing biological drugs. Richcore also…
Grip Invest, an investment platform that allows retail investors to make small ticket investments in physical assets that earn lease income, has raised an undisclosed round of equity funding led by Anicut Angel Fund and Gemba Capital. Angel investors Anupam Mittal, Sunjay Kapur and Maninder Gulati also participated in the funding round. Founded in 2020 by…