INDIA > US based Riverwood Capital leads $80 million investment in India based tech firm – Druva

Druva logo Druva has raised $80 million funding led by Riverwood Capital which is the company’s second fundraiser in under a year to total the secured fund to about $200 million. Druva is the world’s biggest data protection startups that help companies reduce the risk, cost and complexity of managing and protecting data. Counting NASA among its esteemed clients, Druva is increasing More …

INDIA > Softbank Vision Fund invests $2.5 billion in Flipkart Group

Flipkart logo To compete with its e- commerce competitor Amazon Inc, SoftBank Vision Fund will invest $2.5 billion in Flipkart, boosting its cash holdings to more than $4 billion.  $1.5 billion will go directly to Flipkart and $1 billion will go to Tiger Global Management’s stake. SoftBank Group Corporation Chairman Masayoshi Son will be the biggest shareholder of Flipkart after this deal. More …

INDIA > Seattle based Amazon invests another Rs 1,680 crore ($26.4 million) in India

Amazon_logo_plain.svg Amazon has crossed investment worth $2 billion in India as a result of further Rs 1680 crore ($26.4 million) investment in its core local unit – Amazon Seller Services.  Amazon is the second largest foreign direct investor (FDI) in India.  Amazon is also gearing up for the upcoming Diwali season, this November, and investment in logistics and warehousing has been More …

INDIA > NTT Communications invests $160 million in India’s data centers

NTT logo NTT Communications, Japan based telecom service provider, will invest $160 million through its Indian subsidiary (NTTCINS) for constructing two new data centers in Bangalore and Mumbai. The construction which is to be expected to be completed by April 2018 will span around 50,000 square feet. Recently NTT has acquired a 100 % stake in Mumbai based CDN and hosting provider More …

INDIA > Singapore’s Ascendas-Singbridge Buys 16 Acre Land in Pune Kharadi Locality for Rs 200 Crore (US $31.4 million)

ascendas-singbridge Singapore based, Ascendas- Singbridge Group, jointly owned by Temasek Holdings and JTC Corporation (51:49) is planning to build an IT SEZ (Special Economic Zone) park. It has therefore bought a 16 acre land parcel that has a potential of over 3 million square feet commercial space for Rs 200 crore. Ascendas-Singbridge Group has two more IT park in Pune namely: More …

INDIA > Taiwan based MediaTek Opens New Facility in Bengaluru, India

mediatekLogo Taiwan-based chipset manufacturer, MediaTek, announced the opening up of its new facility in Bengaluru, India. The new facility located at RMZ Eco World in Marathalli will provide R&D, sales and marketing support to MediaTek India. MediaTek has an existing Research & Development (R&D) facility in Bengaluru since 2014. During the same time, MediaTek had earmarked an investment of over US$200 million into the More …

INDIA > Japan’s Softbank invests $1.4 Billion in Paytm, a company also invested by China’s Alibaba

paytm logo Paytm has raised $1.4 billion from Japanese conglomerate SoftBank Group Corp valuing the company to estimated $8 billion. According to the company’s email, the funding into One97 Communication (parent company), which operates the Paytm brand, will help the startup expand its user base of 220 million and build further offering of financial services products. Paytm plans to invest Rs 10,000 crore More …

INDIA > Australia’s Macquarie to acquire solar power assets of Hindustan Power projects for $600MN

Hindustan_Power_logo Australia based Macquarie is set to acquire solar power assets of Hindustan Power projects for $600MN. The deal will help Macquarie Group to acquire about 330 megawatts (MW) of operational solar assets. According to Livemint, of the total deal, Macquarie will acquire $250 million in equity and $350 million in debt of the $600 million deal value. About Hindustan Powerprojects More …