CapAleph Advisors plans to raise Rs 675 crore to back entrepreneurs in the sector
The firm has also made a first close at Rs 78 crore for its debut private equity fund, CapAleph Indian Millennium SME Fund, raising money from domestic investors.
Madhav Chanchani
Practo books appointment for fresh round of funding, valuation may top Rs 4K crore
New York-based investment firm Thrive Capital, Russia's ru-Net Holdings and existing investor Chinese online giant Tencent are in advanced negotiations with the company.
Bookmyshow's parent company Bigtree Entertainment raises over Rs 550 crore
The round, which also saw the participation from all existing investors, Network 18, Accel Partners, and SAIF Partners, values the portal at more than Rs 3,000 crore.
Flipkart mulls big changes to its flagship sales event 'Big Billion Day', loans likely for buyers
It is discussing internally if it should hold its Big Billion Day event on separate days in October so it has greater control over deliveries and customer service.
NeoGrowth gets Rs 108 crore funding from IIFL Wealth Management’s Seed Venture Fund
The development comes as investor interest in non-banking finance companies (NBFCs) has increased, especially those lending to small merchants and leveraging technology.
Venture capital investments in startups have shrunk both in value and volume: Report
VC funding hit a peak in 2015, as 473 deals were registered during the year against 307 deals recorded in 2014.
Grofers lays off 10% of employees, withdraws 67 campus job offers
In a email to its employees, Grofers said it will be laying off few people in every department but the support & content department will be the worst impacted.
Chief financial officer R Natarajan leaves Helion Venture Partners as funds dry up
Chief financial officer R Natarajan, who was overseeing Helion’s Bengaluru operations, has put in his papers amid delays by the investment firm in raising capital for a new fund.
Five Star Business Credits raises Rs 114 crore from Morgan Stanley Private Equity Asia
Five Star’s typical clients include tea shop owners, vegetable vendors, small machine owners, provision stores, waste paper recycling units, tailors, and power looms.
Etailers like Lenskart, Pepperfry scaling up physical presence to close in on brick-&-mortar stores
More importantly, building a physical presence helps these retailers tap those millions of customers who are still uncomfortable shopping online.
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