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SYN Ventures, LDV Partners to take control of Tata Communications unit

New Delhi, April 23 -- US-based venture capital firms SYN Ventures and LDV Partners will take a majority stake in secure networking and connectivity solutions firm NetFoundry Inc. from its Indian pare... Read More


Hindustan Unilever picking up stake in Circulate Capital-backed plastics recycling firm

New Delhi, March 21 -- Fast-moving consumer goods conglomerate Hindustan Unilever Ltd is set to pick up a minority stake in recycling and engineered plastics manufacturer Lucro Plastecycle Pvt. Ltd, w... Read More


SRF to acquire Kanpur Plastipack's cast polypropylene business

New Delhi, March 11 -- SRF Ltd, a Gurugram-based industrial and specialties intermediates conglomerate, will acquire one of the non-core packaging divisions of Kanpur Plastipack Ltd. SRF will acquire... Read More


Peak XV Partners loses another exec as list of exits gets longer

New Delhi, March 6 -- Venture capital firm Peak XV Partners is losing another senior executive with Shraeyansh Thakur announcing his resignation after working with the investment firm for more than ni... Read More


BluSmart co-founders' green energy firm Gensol to sell US unit

New Delhi, Feb. 25 -- BluSmart Mobility co-founders Puneet Singh Jaggi and Anmol Singh Jaggi's listed renewable energy firm Gensol Engineering will hive off its US subsidiary for Rs 350 crore. Gensol... Read More


Angel funds may soon get to tap into a wider pool of investors

New Delhi, Feb. 24 -- The Securities and Exchange Board of India has proposed to allow angel funds to tap into a wider pool of investors for raising capital to invest in startups. The capital markets... Read More


Sourcing platform Geniemode raises $50 mn led by Multiples PE, others

New Delhi, Feb. 24 -- Apparel sourcing platform Geniemode has raised $50 million (around Rs 433 crore) in a Series C round, led by private equity firm Multiples, Fundamentum, Paramark Ventures and Inf... Read More


Apparel sourcing platform Geniemode raises $50 mn from Multiples PE, others

New Delhi, Feb. 24 -- Apparel sourcing platform Geniemode has raised $50 million (around Rs 433 crore) in a Series C round, led by private equity firm Multiples, Fundamentum, Paramark Ventures and Inf... Read More


CVC Capital to sell majority stake in IPL team Gujarat Titans to Torrent

New Delhi, Feb. 12 -- Private equity firm CVC Capital has agreed to sell a 67% stake in the Indian Premier League cricket franchise team Gujarat Titans to Ahmedabad-based Torrent Group, a little more ... Read More


ITC to buy firms behind frozen food brands Prasuma, Meatigo to beef up portfolio

New Delhi, Feb. 7 -- FMCG giant ITC Ltd will acquire frozen food producers Ample Foods Pvt. Ltd and Meat and Spice Pvt. Ltd to augment its diversified product portfolio and meet demand in the high-gro... Read More