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Jan 22, 2025 | 
htsyndication.com | Prithvi Durai
New Delhi, Jan. 22 -- Cosmetics giant L'Oreal's venture capital fund BOLD, Belgian investment firm Verlinvest's VC arm V3 Ventures, and Indian early-stage investor DSG Consumer Partners have joined the cap table of Deconstruct Skincare. The four-year-old skincare brand, which is owned by Baypure Lifestyle Pvt Ltd, said Wednesday it has raised Rs 65 crore ($7.5 million) in a new funding round. Existing investors Kalaari Capital and Beenext also joined in the round.
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Jan 21, 2025 | 
htsyndication.com | Prithvi Durai
New Delhi, Jan. 21 -- Hatsun Agro Product Ltd has agreed to acquire Milk Mantra Dairy Pvt. Ltd in a transaction that provides an exit window to State Bank of India's Neev Fund, Aavishkaar Capital, and Eight Road Ventures. Mumbai-listed Hatsun, the company behind popular brands such as Arun Ice Creams and Hanobar Chocolates, will acquire Bhubaneshwar-based Milk Mantra for Rs 233 crore (about $27 million), it said in a stock-exchange filing on Tuesday.
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Dec 9, 2024 | 
htsyndication.com | Prithvi Durai
New Delhi, Dec. 9 -- By Prithvi DuraiDCDC Health Services Pvt Ltd, which operates dialysis clinics in India through public private partnerships, has secured Rs 82 crore, or nearly $10 million, from the UK government backed-British International Investment (BII). Funds from the BII will be used to grow DCDC's network of clinics and roll out over 900 dialysis machines in over 100 centres in the next three years.
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Oct 29, 2024 | 
htsyndication.com | Prithvi Durai
New Delhi, Oct. 29 -- Niten Malhan, a former India co-head at private equity giant Warburg Pincus, has raised a second fund under the banner of his PE-style investment firm that he floated about six years ago. Malhan, who quit Warburg in 2018 after working with the US-based PE firm for 16 years and set up his own outfit thereafter, hit the final close of the new fund under New Mark Capital in September, he told VCCircle.
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Oct 16, 2024 | 
htsyndication.com | Nitesh Kumar |Prithvi Durai
New Delhi, Oct. 16 -- On Dec. 21, 1999, as the world prepared to welcome the new millennium, Aditya Birla Group made its first major inorganic move towards establishing a leadership position in the Indian readymade garment industry. That day, the conglomerate signed a deal to acquire Madura Garments from the local unit of British clothing supplier Coats Viyella for Rs 236.23 crore, or a little more than $54 million at the time.
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Oct 10, 2024 | 
htsyndication.com | Prithvi Durai
New Delhi, Oct. 10 -- Burying their hatchet over payment dues, multi-brand personal care platform The Good Glamm Group has completed the acquisition of feminine hygiene company Sirona in an all-cash deal for Rs 450 crore (approximately $60 million). The transaction has also provided accelerated ESOPs (employee stocks ownership plan) vesting to Sirona's employees, a joint press statement said, adding that Sirona founders Deep Bajaj and Mohit Bajaj had already resigned earlier this year.
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Sep 24, 2024 | 
htsyndication.com | Prithvi Durai
New Delhi, Sept. 24 -- Mukesh Bansal, the co-founder of e-commerce firm Myntra and fitness services company Cult.fit, has secured funding for his latest startup Nurix AI from venture capital firms Accel and General Catalyst. Nurix said in a statement Tuesday it has raised $27.5 million (about Rs 230 crore ) in a seed-cum-Series A round led by the two American VC firms. Bansal's early-stage incubator Meraki Labs also joined the round. Bansal founded the startup earlier this year.
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Sep 16, 2024 | 
htsyndication.com | Prithvi Durai
New Delhi, Sept. 16 -- Singapore state investment firm Temasek Holdings has pocketed respectable returns from a 12-year-old private equity-style bet on an Indian agri-business company, taking advantage of the stock market rally. Temasek, which has made at least four other exit moves in India so far in 2024 and aims to invest up to $10 billion in the country over the next three years, has sold part of its stake in Godrej Agrovet Ltd.
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Aug 28, 2024 | 
htsyndication.com | Debjyoti Roy |Prithvi Durai
New Delhi, Aug. 28 -- Motilal Oswal Alternates (MO Alts), the private equity arm of Motilal Oswal Financial Services Ltd, has bought a stake in a Bengaluru-based sweets maker, as deal activity in the niche food retailing segment picks up pace. The alternative investment firm has acquired a significant minority stake in Lal Sweets Pvt Ltd for Rs 330 crore ($39.3 million). This is the packaged sweets company's first round of external funding and could be a pre-IPO exercise.
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Jun 12, 2024 | 
startuptalky.com | Rishi Mundra |Singh Anusha |Prithvi Durai |Nitin Konde
New Delhi (India), June 12: In an industry almost saturated by self-help books, Niharika Nigam’s soul-searching travel fiction is an impossible breath of fresh air. Perhaps it is her own experience of bungee jumping that she weaves into the story, or her immaculate depiction of the vacuum and trepidation of the Pandemic years, now conveniently forgotten by most, that make reading “Joy of Missing Out” an experience one must not miss.
