DLF Cyber City Developers Limited, the rental arm of DLF Group, has entered into a Securities Purchase Agreement with funds managed by Hines for acquisition of their stake in Fairleaf Real Estate Private Limited, which owns and operates One Horizon Center. The purchase consideration for this acquisition is approximately Rs 780 crore, subject to customary…
Gurugram-based startup – Slurrp Farm, a health snack maker, has secured $2 million in its Series A financing round from Fireside Ventures. A statement made by the company said – “The company will deploy the funds raised for product innovation, marketing, and increasing inventory to cater to increasing demand.” It will also use the fresh funds…
Short Video app, Bolo Indya has secured $400k in fresh round of funding. Inflection Point Ventures participated in the latest round of the Gurugram-based platform along with existing investor Eagle10 Ventures. With this, the homegrown networking platform has raised $1 million till date. It plans to expand ‘Bolo Meets’ and improve its tools for content…
Mahindra Group Chairman Anand Mahindra recently announced that he has invested $1mn in Gurugram-based tech startup Hapramp. The three-year-old startup works on various technologies like social networking and blockchain. The investment from Mahindra ends his two-year-long quest in finding an Indian startup working in the field of social media. After the Facebook-Cambridge Analytica scandal in…
Indian real estate major DLF recently announced that its Chairman KP Singh is retiring from the office. He will now be associated with the company in a non-executive role as Chairman Emeritus. Company Vice Chairman Rajiv Singh will now take over as Chairman of the realty major. KP Singh was at the helm of the…
As the second phase of lockdown is nearing an end, companies in Gurugram were hoping for business operations to resume. The government had earlier notified that companies can open office spaces for employees but in a staggered manner and in sync with the government advisories. But with the rising number of coronavirus cases in India…
While everybody is hoping for the lockdown to get over on May 3rd and businesses start functioning like usual, a senior Haryana govt official has recently said that Gurugram might have to wait a little longer for that sight. According to Gurugram Metropolitan Authority Chief Executive Officer and Haryana Government Additional Chief Secretary V.S Kundu,…
The coronavirus pandemic has forced businesses and organisations to close campuses and halt all operations. It all started with the first phase of lockdown when Prime Minister Modi had asked for the cooperation of citizens to combat the virus. But due to the increase in cases and as a measure to prevent community transmission, the…
VVDN Technologies, a leading premier product engineering, cloud and manufacturing company, announced the opening of its 10 acre Global Innovation Park at Manesar, Gurugram. The new innovation park will help in strengthening the company’s engineering service offerings and increasing its manufacturing capacity. VVDN’s new Global Innovation Park at Manesar is spread over 10 acres. This…
New York-based global tech travel firm Fareportal has reportedly laid off about 200 employees from its Gurugram and Pune offices amid the ongoing coronavirus pandemic. The novel coronavirus pandemic has crippled the travel industry forcing companies to run for their money and conserve as much capital as they can. This has led travel companies to…
Edtech startup Udemy recently announced that it has raised $50mn from an existing Japanese investor Benesse Holdings, Inc. The recent investment by the investment firm was made at a valuation of $2bn. The company in a statement described this funding as a part of expansion funding. The company is planning to use these funds to…