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Mahindra Logistics to raise stake in subsidiary Lords Freight

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Mahindra Logistics Ltd is set to buy an additional 8.69% stake in its subsidiary Lords Freight (India) Pvt. Ltd for Rs 1.86 crore ($270,000),...

PayU-backed lending platform ZestMoney acquires AI startup

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ZestMoney, a lending startup that lets users buy products online on EMI without a credit card, on Thursday announced the acquisition of artificial- intelligence-as-a-service...

Swiggy dials Ant Farm-incubated hyperlocal delivery venture Scootsy

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Food-tech firm Swiggy has acquired online startup Scootsy Logistics Pvt. Ltd, which delivers food, fashion apparel and accessories, home décor, and more in Mumbai,...

Japan’s Incubate Fund leads pre-Series A round in office supplies portal...

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Chennai-based Kobster, an online procurement portal for office supplies, has raised an undisclosed amount in a pre-series A round of funding led by Japanese...

Cipla to acquire South African drugmaker Mirren for $33 mn

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Cipla Ltd, India’s second-largest drugmaker by market value, has agreed to acquire South Africa’s Mirren (Pty) Ltd to strengthen its foothold in the African...

Exclusive: Microlender Sambandh raises funds from Singapore investor

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Microfinance institution (MFI) Sambandh Finserve Pvt. Ltd has raised $2.5 million (Rs 17.2 crore) from Singapore-based Base of Pyramid Asia (Bopa), which invests in...

Apax Partners raises stake in non-bank lender

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Private equity firm Apax Partners has acquired an additional stake in a non-bank finance company, becoming the top institutional investor in the South Indian...

Sterlite Technologies to buy Italian optical cable maker for $54.3 mn

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Sterlite Technologies, which manufactures products for the telecom market, has agreed to acquire 100% stake in Italy-based optical cable maker Metallurgica Bresciana for 46.67...

Project Sashakt: Will PE investors warm up to the new plan...

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Indian banks are sitting on a mound of toxic loans–a Rs 10 trillion hazard that could swallow large chunks of the sector. To sort...

Exclusive: Lokmanya Hospitals taps advisory firm to make way for PE...

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Definitive news, exclusives, analyses and videos Exclusive reporting, expert analysis and commentary on PE/VC/M&A deals & dealmakersDaily, weekly and monthly curated newsletters on the...