PE-backed Tree House Tweaks Expansion Plan, To Open More Pre-schools
Matrix Partners-backed pre-school management company Tree House Education and Accessories Pvt Ltd has changed its business expansion plan and is now looking to focus on the expansion of the pre-school business.The company that went public early this year and raised around Rs 112 crore in the public issue, had originally ......
IIFL hits final close of second pre-IPO fund
IIFL Asset Management Ltd has achieved the final close of its $216-million (Rs 1,400 crore) IIFL Special Opportunities Fund 2, which will primarily invest in companies before or at the time of their initial public offerings.“The fund seeks to generate long-term capital appreciation through investments in equity and equity-related instruments ......
Ola’s senior director of operations Deep Singh resigns
Deep SinghDeep Singh, senior director of operations at cab-hailing firm Ola, has resigned citing personal reasons, two persons with direct knowledge of the development told VCCircle.Singh joined Ola, which is operated by Bengaluru-based ANI Technologies Pvt. Ltd, in 2013. He was business head for the north division. In his ......
Investment app Stockal raises angel funding
Bengaluru-based Stockal Software Pvt. Ltd, which runs an app-based investment advisory service, has raised its second round of angel funding from a clutch of investors, a top company executive told VCCircle.According to Stockal co-founder Sitashwa Srivastava, the company has raised $350,000 (Rs 2.25 crore) from existing investors Mohan Alexander, who ......
Trade financing firm Vayana Network raises $4 mn from IDG, Jungle Ventures
Pune-based digital trade financing network Vayana Network Services Pvt. Ltd has raised $4 million (about Rs 26 crore) in a Series A round from IDG Ventures India Advisors Pvt. Ltd and Jungle Ventures Pte. Ltd.Vayana had raised its first external round of funding led by Reliance Industrial Investments and Holdings ......
Health and fitness startup Growfitter raises funding
Mumbai-based health and fitness discovery platform Growfitter Pvt. Ltd, which runs Growfitter.com, has secured $600,000 (Rs 3.9 crore) in a pre-Series A round from venture capital firm SQue Capital.Karan Chellani, a partner at the Mumbai-based venture capital firm, is also expected to join the Growfitter board as an advisor.“The money ......
Fortis Healthcare CEO Aditya Vij steps down
Aditya Vij, CEO of Fortis Healthcare Ltd, the second-largest hospital chain in the country, has resigned from the company, as per a stock market disclosure.Vij, who has been CEO for India business unit of the company since mid-2011, had taken over the top role after Vishal Bali quit as group ......
Most Active Private Equity Firms In 2011
The year 2011 had seen 454 PE deals worth $9.4 billion with both volume and value up 12 per cent, compared to 2010 (we kept tabs till Dec 10, 2011). While PE deal-making surpassed the volume and the value of the entire CY2010 in the first three quarters of 2011, ......
Galaxy Surfactants may revive IPO plan after strategic sale talks fail
Six years after it first attempted to go public, specialty chemical maker Galaxy Surfactants Ltd is again exploring an initial public offering (IPO) to tap the upbeat stock market, four people aware of the development told VCCircle.The listing plan comes after international investors looking to buy a controlling stake in ......
Two top IFMR executives quit in management reshuffle
Two senior executives have quit Chennai-based IFMR group as part of a management reshuffle, according to a media report.Vineet Sukumar has resigned as chief financial officer at IFMR Capital, the non-banking finance arm of IFMR Trust, and is serving the notice period, The Economic Times reported. Gaurav Kumar has quit ......
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