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 …

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 …