Monthly Archive: February 2017

Arth Capital ties up with industry veteran to float health insurance firm

Friday, February 24, 2017/VCCiRCLE/- Home-grown mid-market private equity firm Arth Capital is partnering Rajesh Relan, the former managing director of PNB MetLife Insurance, to float a health insurance company, a media report said. Relan has filed an application seeking approval…
Read more

Updater Services raises $15 mn from Motilal Oswal Private Equity

Monday, February 27, 2017/VCCiRCLE/- Chennai-based integrated facilities management services firm Updater Services Pvt. Ltd (UDS) has raised Rs 100 crore (around $15 million) from MOPE Investment Advisors Pvt. Ltd in return for a minority stake, it said in a statement….
Read more

L&T Infrastructure Finance to raise $100 mn in debt from IFC

Saturday, February 25, 2017/VCCiRCLE/- International Finance Corporation, the private-sector arm of the World Bank, plans to provide Rs 666 crore ($100 million) in debt funding to L&T Infrastructure Finance Ltd. The proposed investment, to be made via non-convertible debentures, will…
Read more

Oyo Rooms in talks to raise funds from Softbank, may enter unicorn club

February 27, 2017/The Economic Times/- BENGALURU: Hotel aggregator Oyo Rooms is in talks to raise about $300- $500 million (Rs 2,000- Rs 3,330 crore) from Softbank Vision Fund according to three people aware of the negotiations, which could result in…
Read more

Piramal forms realty investment platform with CDPQ arm Ivanhoe Cambridge

Thursday, February 23, 2017/VCCiRCLE/- Piramal Enterprises Ltd (PEL) formed a strategic partnership with Ivanhoé Cambridge, a real estate subsidiary of CDPQ (Caisse de dépôt et placement du Québec), to provide long-term equity capital to residential property developers across five main…
Read more