INDIA > Carlson Rezidor Hotel Group enters Mumbai, India with upscale hotel brand Radisson

Carlson Rezidor logo One of the world’s largest hotel groups, Carlson Rezidor Hotel Group, is introducing Radisson hotel in Mumbai signing a 112-key hotel in Andheri suburb in partnership with GHV Hospitality India Private limited in which the Carlson Rezidor Hotel Group will be responsible for the management and GHV Hospitality India Private Limited for its development. Located in one of the prominent More …

INDIA > PolicyBazaar raises funds from Wellington Management, True North and IDG Ventures.

policy bazaar logo EtechAces Marketing and Consulting, owners and operators of online insurance policy aggregator PolicyBazaar, has raised funds from Wellington Management, private equity firm True North and IDG Ventures India. The Gurgaon based company is valued around $500 million was founded in 2008 by IIT Delhi and IIM Ahmedabad alum Yashish Dahiya and has raised about Rs 1000 crore($154.8 million) till date. More …

INDIA > US based WRV Capital raises Rs. 120 crore ($18.4 million) for Tonbo Imaging

tonbo-4 Tonbo Imaging, a startup that has partnered with the Indian military and has been valued north of Rs. 400 crore ($ 62 million), has raised Rs 120 crore ($18.4 million)  in series –B funding led by WRV Capital along with Qualcomm Ventures and Edelweiss Private Equity. Tonbo Imaging has annual revenue of more than Rs 100 crore ($15.3 million), was More …

ITALY > India based Roha acquires Italy based New Foods S.p.A

roha Roha is set to acquire New Foods Industry S.p.A in Verona, Italy to position themselves in the color sector with synergistic innovative ingredients as New Foods Industry is considered as an expert in dry ingredients for the food and beverage industry. Roha and New Foods merger makes sense because of their similar business philosophies and complementary business segments. According to More …

INDIA > Global Credit rating agency Experian has invested $30 million in financial products marketplace BankBazaar

Bankbazaar logo Experian joins investors such as Amazon, Sequoia, Eight Roads (Fidelity Growth Partners), and Walden International as investors investing $30 million in a Series D round led by Experian which brings the total funding to $110 million for BankBazaar. Experian and BankBazaar tied up earlier this year offering free credit scores to customers and according to CEO Adhil Shetty the new More …

INDIA > China based Tencent has finalized $400 million investment in India based ride sharing app Ola

Tencent logo The paperwork has been finalized and the deal is awaiting approval from CCI as China’s Tencent has finalized $400 million investment in ride-hailing Ola valuing Ola at over $3.8 billion. Sizeable portion will be allotted towards boosting the electric vehicle segment. Ola could also raise additional capital from US- based hedge funds Coatue Management. Ola has raised $2 billion from More …

INDIA > Sweden based Medicover expands in the healthcare market in India

logo_medicover Medicover is set to acquire Medicover Fertility India and own 22% of Sahrudaya Healthcare Private limited “Maxcure” for approximately EUR 21 million($24.9 million). Fully funded by the principal shareholder but managed by Medicover, Medicover Fertility India was established in 2016. Medicover purchased this for $7.4 million which matches the original investment cost. Mediocover India had a revenue of EUR 0.3 More …

INDIA > Softbank invests $225 million in India based OYO Rooms

OYO logo Operated by Oravel Stays Pvt. Ltd., OYO Rooms is a branded budget hotel marketplace which has raised $250 million led by existing investor Softbank which is expected to invest $225 million. Other investors include Lightspeed Venture Partners India Pvt. Ltd, Sequoia Capital India Advisor Pvt. Ltd and Greenoaks Capital Partners LLC are expected to invest $25 million. Valued at $850 More …