Warburg Pincus, a global private equity firm, announced that an affiliate of private equity funds managed by Warburg Pincus LLC, has entered into definitive agreements to acquire a majority stake in Vistaar Finance, an NBFC lending to MSMEs in India. Exiting shareholders would include WestBridge Capital (WestBridge), Elevar Equity (Elevar), Omidyar Network India (Omidyar) and…
Global pharmaceutical major Lupin Limited (Lupin) announced signing of an agreement to acquire all rights to two inhalation medicines, Brovana (arformoterol tartrate) Inhalation Solution and Xopenex HFA (levalbuterol tartrate) Inhalation Aerosol, from Sunovion Pharmaceuticals Inc. (Sunovion) for a purchase price of $75 million. The acquisition of these two brands expands Lupin’s portfolio of inhalation products…
Tring, India’s largest celebrity engagement platform, has grown 30x in revenues with over 100x growth in user traffic since its last capital raise. Launched in 2020, Tring has quickly become the category leader in the space of digital interactions, with over 12,000 celebrities connecting with their fans through personalised celebrity video messages (shoutouts), direct message…
Super4, “India Ka Apna Gaming App” one of the emerging players in the fantasy gaming sector has announced the appointment of Sajal Bansal, as its Chief Technical Officer & Shubham Gupta as Chief Information Officer to their current ongoing expansion spree. Super4 has announced its entry into the market with an initial seed round of Rs…
RISE, the innovative, industry-led, tech-first EdTech platform, has announced the appointment of Devendra Nagle as the company’s VP of Marketing. Prior to joining RISE, Nagle was Associate Vice President at the Internet and Mobile Association of India, where he was spearheading Digital Advertising and Venture Capital Committees. In the past, he had conceptualized and created…
Kirloskar Pneumatic Company Limited (KPCL) announced the appointment of Pravir Kumar Vohra as an Additional Director in the category of Independent Director of the company, with effect from October 19, 2022. According to the company’s exchange filing, “the Board of Directors of Kirloskar Pneumatic Company Limited (“the Company”) in their meeting held on October 19,…
CreditAccess Grameen Limited (CA Grameen), the largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI) in India, has signed a Loan Agreement on October 17, 2022 at Bangalore, India, with U.S. International Development Finance Corporation (DFC), the U.S. Government’s development finance institution. Under the agreement, CA Grameen will borrow a US$35 million ESG-linked loan for up to…
ChainSafe Systems, one of the world’s top blockchain infrastructure firms, announced that it has secured US$18.75 million in an oversubscribed Series A funding round. The investment was led by Round13 with participation from new investors NGC Ventures, HashKey Capital, Sfermion, Jsquare, and returning investors Digital Finance Group, and Fenbushi Capital. Concurrent with the funding round, Khaled Verjee, Managing Partner of Round13’s Digital Asset Fund,…
Open real estate marketplace Realtor.com announced it has named Mausam Bhatt as its chief product officer. In his role, Mausam is responsible for Realtor.com’s product and design strategy and roadmap, leading and scaling the team, and collaborating closely with the tech and growth teams. Mausam is a seasoned product executive who has helped companies scale globally and…
Software company iBASEt announced the appointment of Rashpal Mundi as Senior Partner Manager EMEA. Mundi has been appointed to expand iBASEt’s partner network across EMEA, as the company looks to further strengthen its footprint in the regions, a statement said. Mundi has more than 25 years’ experience in the ERP and PLM solutions space, and for the…
Healthcare facilities firm Shalby Limited announced the re-appointment of Sujana Shah as Independent Director on the company’s Board, with effect from May 7, 2023. According to the company’s exchange filing, “we wish to inform you that the Board of Directors of the Company at the meeting held on October 18, 2022, which commenced at 4:00…
In the second edition of India’s ‘Best Managed Companies’, Deloitte Private announced nine winners for 2022. The winning companies of India’s Best Managed Companies 2022 are Ajanta Pharma Limited, Coromandel International Limited, Crompton Greaves Consumer Electricals Limited, Dabur India Limited, Endurance Technologies Limited, KEC International Limited, Orient Cement Limited, Welspun India Limited, and Zoho Corporation Private Limited. Among…
Mondelez India has appointed Nitin Saini as Vice President – Marketing. Nitin will be based out of the company’s headquarters in Mumbai and will be responsible for spearheading the marketing initiatives of the company. Prior to the current role, he served as Vice President for the Oreo business, Mondelēz International in the United States. He…
Anjarium Biosciences AG (Anjarium), a biotech company focused on creating and delivering a new class of non-viral gene therapies, announces the expansion of its Board of Directors with the appointments of Gaurav Shah, MD and Douglas Fambrough, PhD as independent Non-executive Directors. Gaurav Shah is also named as Chairperson of the Board. Stephen Yoo, Anjarium’s Chief Executive Officer, said: “I…
Savills India, an international property consulting firm, has announced the appointment of Rajat Johar as its Managing Director for Delhi NCR, according to ETHRWorld report. Johar has over 27 years of real estate experience. In his last role, he was Director – Asset Management at RMZ Corp and was responsible for developing the North India…