Chennai, India-based non-banking finance firm IFMR Capital bagged $29 million in funding from specialist investor LeapFrog Investment's second investment fund for its product and service expansion.
India
Samridhi Fund invests INR18 crore to help Kanungo Institute of Diabetes expand in India
Samridhi Fund invested INR18 crore in Bhubaneswar-based diabetes care provider Kanungo Institute of Diabetes Specialties (KIDS) to help the latter expand its services in rural India.
Microsoft Ventures establishes world's first startup hotline in India
Microsoft Ventures in India established the world's first startup hotline in Bangalore to give startups access to real-time professional advice regarding the accounting, taxation, legal, and technical aspects of a business via toll-free number.
Indian commercial bank Ratnakar pockets $54.6M in minority stake sale
Kohlapur, India-based commercial bank Ratnakar Bank Ltd pocketed $54.6 million (INR3.28 billion) from foreign investors CDC Group and Asia Capital and Advisors through the sale of an undisclosed minority stake to fund its rural expansion.
Indian startup Edsix uses games to improve children's cognitive skills
Chennai, India-based education startup Edsix Brain Lab wants to make it easy for children to improve their cognitive skills using their carefully researched and designed online and offline games under the brand Skill Angels.
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Mumbai, India-based big data analytics startup Germin8 pocketed $3 million in its first funding round from Kalaari Capital to expand internationally and fuel sales, marketing, branding, and product development activities.
JWT, a New York, US-based operating company of advertising giant WPP, entered an agreement to pick up a majority stake in Mumbai, India-based social media agency Social Wavelenth for an undisclosed amount to expand its market reach.
Uttar Pradesh, India-based Internet network Times Internet backed Noida-based mobile education startup GradeStack with an undisclosed amount to turn mobile education into a social experience.
Indian IT services giant Tech Mahindra may buy a large minority stake in Bangalore-bases social media analytics firm Simplify360 for an undisclosed amount in a bid to boost its social, mobility, analytics, and cloud services (SMAC) portfolio.
Chennai, India-based online bus ticketing startup Ticketgoose secured INR24 crore in its Series B round via American crowdfunding platform Indventure to build its brand and marketing campaign.
The Chennai Labs (TCA) and Spark Capital backed Bangalore, India-based engineering education startup Skyfi Labs with an undisclosed amount for its expansion and product development.
Pune, India-based software services firm Persistent Systems used its venture capital fund to invest an undisclosed amount in California, US-based hand hygiene solutions startup Hyginex for its international expansion.
Bangalore, India-based payment solutions provider Innoviti nabbed INR10 crore in debt funding from Tata Capital and other investors from London and India to scale up its Middle East operations and beef up its management team.
Gurgaon, India-based e-commerce firm Ibibo Group purchased Bangalore-based online bus tracking and analytics startup YourBus for an undisclosed sum to integrate the latter's tracking function into its travel services.
