Mumbai, Jan 13 (PTI) Mahindra Group-backed leisure bike maker Classic Legends, which revived the Yezdi brand of motorcycles after a gap of more than 26 years with the launch of three new bike models on Thursday, has said the offerings will not only expand the market but also create a segment within the segment. The [...]
New Delhi, Jan 13 (PTI) The government is expected to come out with detailed guidelines for conversion of interest payment liabilities of telecom players into equity within a month, a senior official said on Thursday. Under the telecom reforms package announced last year, three debt-ridden telcos -- Vodafone Idea Ltd (VIL), Tata Teleservices Ltd (TTSL) [...]
Mumbai, Jan 13 (PTI) Data engineering and analytics firm TheMathCompany has raised USD 50 million from the US-based Brighton Park Capital, which is an investment company that specialises in collaborating with growth-stage software, healthcare, and tech-enabled services businesses, and existing investor Arihant Patni. The Bengaluru and Chicago-based company said the investment will accelerate its expansion [...]
Chennai, Jan 13 (PTI) HR services company Ma Foi, founded by noted entrepreneur-turned politician K Pandiarajan on Thursday announced the appointment of Rajiv Krishnan as the managing director and CEO of Ma Foi Strategic Consultants and Ma Foi Education Services.Krishnan would also add value to the business of CIEL HR Services, as a Director, with [...]
New Delhi, Jan 13 (PTI) Drug firm Sanofi India on Thursday said its Managing Director Rajaram Narayanan has put in his papers. The company's board has accepted the resignation of Narayanan, effective from the close of business hours on April 10, 2022, Sanofi India said in a statement. Narayanan has decided to pursue an opportunity [...]
New Delhi, Jan 13 (PTI) Flipkart Group on Thursday announced the acquisition of Yaantra, an electronics re-commerce company, for an undisclosed amount as part of efforts to strengthen its re-commerce business and enhance after-sale offerings for its customers in the smartphones segment. The acquisition has been effected through FK Group Entity, F1 Info Solutions and [...]
New Delhi, Jan 13 (PTI) Health-tech firm HCAH (formerly HealthCare at HOME) on Thursday said it has raised Rs 112 crore from Singapore-based private equity fund ABC World Asia. The funds will be used to build an out-of-hospital healthcare delivery platform, including building presence in physical rehabilitation and recovery through its service range of home [...]
New Delhi, Jan 13 (PTI) YantraLive, a B2B platform for heavy equipment and parts, on Thursday said it has raised USD 1 million (over Rs 7 crore) in a seed round from GrowthStory and other angel investors, including Bigbasket co-founder Vipul Parekh.The start-up, which started in 2018, is backed by serial entrepreneurs Ravi Anand Rao [...]
New Delhi, Jan 13 (PTI) Mobile gaming start-up Turnip on Thursday said it has raised USD 12.5 million in a Series-A funding round co-led by Greenoaks and Elevation Capital. The round also had participation from SEA Capital and Vibe Capital. Investors such as Andreessen Horowitz general partner Andrew Chen, Razorpay founders Harshil Mathur and Shashank [...]
New Delhi, Jan 13 (PTI) Agri-commerce firm WayCool Foods has raised USD 117 million (about Rs 864 crore) from investors to strengthen its technology and future growth.The company said that the fund has been raised in series D round which saw participation from new and existing investors such as LightRock, LightBox, FMO, Lightsmith, World Bank Group's- [...]
