Cyril Amarchand Mangaldas advised DMI Finance Private Limited (DMI Finance), a RBI registered Non-banking Financial Company (NBFC), on its USD 400 million equity fundraising led by Mitsubishi UFJ Financial Group, Inc (Mitsubishi UFJ). DMI Finance is a digital lender with products, including consumption, personal and MSME loans. Cyril Amarchand Mangaldas advised the DMI Group on the vendor due diligence…
ArisUnitern, a Real Estate Service Provider providing end-to-end consulting services, has acquired a significant stake in Kaleido Realty, a Real Estate advisory firm that helps real estate companies with sales and marketing launchpad. The stake was acquired through a combination of cash and stock, with the goal of providing seamless operational solutions to stakeholders in…
Mars, Incorporated (Mars) and Heska Corporation (Heska) announced that they have entered into a definitive agreement under which Mars will acquire Heska, a global provider of advanced veterinary diagnostics and specialty products, for $120.00 per stock. Upon closing of the transaction, Heska will merge with Mars Petcare, a global company that serves companion animals and…
Spendflo, an all-in-one SaaS buying and management solution, announced the completion of an $11M Series A fundraising round led by Prosus Ventures and Accel. It comes just ten months after its seed round, bringing the total funds raised to $15.4 million from investors, including Prosus Ventures, Accel, Together Fund, Signal Peak Ventures, and Boldcap Ventures.…
Indigo Paints Ltd (“IPL”), has closed a transaction with the promoters of Apple Chemie India Private Limited (“ACIPL”), for acquiring 51% stake in ACIPL, by a combination of primary capital infusion into ACIPL and secondary share purchase transaction with the promoters. Indigo Paints also has an option to acquire additional stake in Apple Chemie at…
True Value Company, one of the world’s largest hardlines wholesalers, announced it has purchased certain assets of Nova Wildcat Shur-Line Holdings, Inc., including the Shur-Line and WordLock range of products. “Acquiring Shur-Line’s products is an excellent strategic fit for True Value as we continue to invest in our strong portfolio of paint and paint products,”…
Borosil Limited (Borosil) has signed a binding share purchase agreement (SPA) through its subsidiary Klass Pack Limited (KPL) to acquire an initial 90.17% stake (with a provision to increase its stake up to 100%) in Goel Scientific Glass Works Limited (GSGWL). Upon completion of the transaction, GSGWL will become a subsidiary of KPL and in…
Direct-to-consumer pop culture apparel startup The Souled Store has raised Rs 135 crore in a funding round led by Xponentia Capital, according to ETtech report. Existing shareholders Elevation Capital and RPSG Capital, an early-stage consumer VC fund from RP-Sanjiv Goenka group, also participated in the new round. The D2C brand will use the capital to…
Godrej & Boyce, the flagship company of the Godrej Group announced that their division Godrej Security Solutions plans to grow its presence in the UAE through an increased network of retail touch points by 25%. The business is currently projecting a 37% growth over the last fiscal year with an estimated revenue of USD 110 million. The…
KKR, a global investment firm, and Gaw Capital Partners (Gaw Capital), a leading real estate private equity firm, announced the signing of definitive agreements under which funds managed by KKR and Gaw Capital will acquire Hyatt Regency Tokyo (or “the Hotel”), an iconic luxury hotel located at the heart of Tokyo, from Odakyu Electric Railway…
Edtech unicorn upGrad has completed an internal rights issue worth Rs 300 crore, amid a challenging climate where venture funding for the sector appears to be dwindling, according to moneycontrol report. In a statement, the company said that existing shareholder Temasek contributed Rs 81 crore, while upGrad co-founder and chairperson Ronnie Screwvala contributed Rs 212…
Mastek, a global digital engineering and cloud transformation solutions organization, announced the opening of the company’s new office at Green Park. Green Park is a leading business park in Reading town in the Thames Valley region. A grand inauguration ceremony was held in the presence of dignitaries including British Member of Parliament, Rt. Hon Sir…
Mynavi Corporation has acquired People Matters Media Private Limited, an HR media platform operator in India, recently and made it a subsidiary. This is the first time Mynavi has acquired an Indian company as a subsidiary. People Matters provides information on the latest trends, ideas, and knowledge related to HR in its own media products. The company…
MosChip, a leading Semiconductor & Embedded design services & Solutions company, announced that it has signed “Share Purchase Agreement” to acquire Softnautics Inc, a California based company with a focus on Product Engineering Solutions in Embedded, FPGA and VLSI. Softnautics has offices in California and India (Pune and Ahmadabad). The acquisition of Softnautics brings highly…
D2C Ecommerce, a homegrown multi-D2C brand online platform has acquired leading lifestyle electronics brand ‘HiLife from Hungama’. Through this acquisition, D2C Ecommerce will expand its offerings in the electronics segment which includes smart wearables, headphones, fitness trackers and LED televisions. The young ecommerce startup had recently launched India’s first Smart LED TV with two remotes,…