Farmers Fresh Zone, an agricultural startup based on Kochi announced that it has received an undisclosed amount in the seed round of funding from Indian Angel Network, IAN fund, Malabar Angels and angel network NativeLead. Farmers Fresh Zone is an innovative startup by Pradeep PS, a computer science engineer from Calicut University. FarmersFZ helps farmers to sell vegetables, fruit,…
Kredent InfoEdge Pvt. Ltd., a leading FinTech (Financial Technology) company from Kolkata, has announced that it has received Pre-Series A funding from renowned stock market investor Mr. Ramesh Damani and others. Ramesh Damani has been a member of the Bombay Stock Exchange since 1989. He is well known for his exceptional skills in identifying promising businesses and invests in them…
Infosys, a Bangalore based Indian multinational corporation that provides business consulting, information technology, outsourcing, and next-generation services, today announced that it has made an additional investment of US$1.5 million through the Infosys Innovation Fund in TidalScale Inc., the company at the heart of the Software-Defined Server revolution. Infosys has previously invested US$ 1.5 million in…
Warren Buffett’s Berkshire Hathaway is set to invest in One97, the parent company of Paytm. It is reported that Berkshire Hathway may pick up 3-4 % of One97 Communications Ltd for Rs 2000 – 2500 cr. This is the first direct investment by the ‘Oracle of Omaha’ in India. Todd Combs, the investment manager from Berkshire…
ChrysCapital has invested $45 million (Rs 250 crore) into the Chennai-headquartered fast-moving consumer goods major, CavinKare Pvt Ltd. It is learnt that, following the investment ChrysCapital will have one nominee on the board of CavinKare. CavinCare makes hair and skin care products such as Chik, Spinz and Nyle. In a statement, C.K.Ranganathan, Chairman & MD,…
Blue Star Infotech Limited, a leading software services solution provider has entered into definitive agreements for a strategic alliance and equity investment in Activecubes Solutions India Pvt. Ltd., a global firm operating in the Decision Management Space. Activecubes is a leading provider of Business Intelligence and Analytics solutions. Emerging technologies such as BI/ Analytics…
BHEL, the integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies in India(in terms of turnover) is setting up a power equipment fabrication plant in Bhandara, Maharashtra. The project will initially require an investment of Rs. 500 Cr.The new plant is estimated to generate employment for around 700 people. The…
Honda Cars India plans to invest Rs. 2500 crore in its Tapikara plant in Rajasthan by next year. The investment and the proposed capacity expansion is expected to generate over 2000 jobs in the region. As of now the company employs around 1500 in Rajasthan. The company had commissioned the first phase of Tapikara, Rajasthan …
Temasek Holdings, a Singapore based investment company is now a shareholder in HCG Enterprises Limited. Evolvence India Life Sciences Fund, which has been an investor in HCG since 2007, will be exiting their investment to Temasek in the Company. HCG the Bangalore headquartered company runs a network of over 26 cancer care centers. HCG happens…
Lifestyle, a part of the $5-b Landmark Group of Dubai is planning an investment of an additional Rs. 600 Cr to widen its retail foot print across key Indian cities. As per a report in Business Line – Lifestyle is confident that the growth trend registered in the last five-six years will resume soon,…
Samsung Venture Investment Corporation (Samsung Ventures) has made a strategic investment in Cloudant, a leading provider of a globally distributed database-as-a-service (DBaaS). Cloudant is privately held business headquartered in Boston, and is backed by top-tier investors including Avalon Ventures, In-Q-Tel, Samsung Venture Investment Corporation, and Y Combinator. The funding will be used to advance research…
Nueclear Healthcare Ltd (NHL), a radiology diagnostics company has entered into a binding agreement to receive INR 22 crores from Norwest Venture Partners (NVP). NHL is an affiliate of Thyrocare Technologies Limited, which had in 2012 divested a 10 % promoted stake to NVP for Rs. 120 crore ( approx $22 million). NHL, is aiming…
The Canadian frozen food maker McCain famous for its frozen ready to fry smiley’s and aloo-tikki plans to invest 350 Cr in its Gujarat Unit. The investment would be directed towards increasing the production capacity, and would also lead to increase in employed manpower by about 50 %. The company is facing increase in demand…
Canvera.com, India’s leading online photography company, today announced that Info Edge, owner of Naukri.com, made an investment of $6.5M (Rs35CR) in the company. Info Edge has made a number of investments previously in companies such as Zomato, Meritnation, MyDala, PolicyBazaar, 99labels etc but this is their largest investment to date. “The Canvera team has…