The Foreign Investment Promotion Board provides approval Tata-SIA venture. The Indian government approved the proposal from Singapore Airlines to commence an aviation venture with Tata Sons through an initial foreign direct investment of USD49 million.
Funding
Sparq Systems raises USD 2.75 million venture capital financing
Microinverter maker Sparq Systems Inc secured USD 2.75 million from MaRS Cleantech Fund and other venture capital firms.
New Brunswick sets Startup Investment Fund with USD 5 million
The government of New Brunswick, a province in Canada, had invested USD 5 million for its Startup Investment Fund.
On Center Software receives funds for growth and expansion
Investments have been made for the further development of On Center Software. The foremost name in construction automation, On Center Software, announced that Accel-KKR had placed an investment in the company for its future expansion plans.
Funding Circle closes Series C investment round at USD37 million
New and old investors joined together to provide investment funding for Funding Circle in continuing its objectives of providing loan access to UK entrepreneurs.
Latest News
Mitra Biotech raises INR40 crore for cancer care. Tata Capital's Tata Capital Innovations Fund together with existing investors India Innovation Fund and Accel Partners, would invest INR40 crore in Mitra Biotech, a cancer care provider based out of Bangalore.
Mercom Capital Group reported a wind sector investment for India totalling USD5.6 billion. The third quarter wind venture capital funding fell to USD135 million from USD210 million in the previous quarter of 2013.
Bharti Airtel and Airtel Broadband had announced the approval of the merger plan between the two Indian telecommunications firms.
As the UK and the US institute crowdfunding regulations, India is also drafting its own set of rules.
Lambert Private Equity would be purchasing up to USD 200 million of the common stock of Accelera Innovations.
A total of USD37 million was raised by UK lender Funding Circle from investors led by Accel Partners.
Investors including FirstMark Capital, Valiant Capital Management, Andreessen Horowitz had provided Pinterest a total of USD225 million in the latter's recent financing round.
Share trading of Chong Hing Bank and its parent company were suspended temporarily pending confirmation of the sale of the bank to Yue Xie Group.
Aircraft maintenance services provider HAECO expands services portfolio with the acquisition of Timco Aviation Services,Inc.
