Monthly Archive: August 2017

Brigade Group to invest in realty-tech startup Snaptrude

30 August, 2017/VCCiRCLE/- Bengaluru-based developer Brigade Enterprises Ltd said it will invest, alongside other developers, in Snaptrude, an intelligence-enabled 3D rapid modelling solution for real estate projects. The announcement was made at the graduation event of its second batch of…
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Manyavar may buy rival Mebaz; Mitsui to acquire stake in OMC Power

30 August, 2017/VCCiRCLE/- Vedant Fashions Pvt. Ltd, owner of the ethnic wear brand Manyavar, is close to buying rival Mebaz, Mintreported citing two people aware of the development. Mebaz is run by Hyderabad-based New MeenaBazar International Pvt. Ltd. In 2015-16, the…
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Real estate developer Vipul raises $23 mn from Edelweiss Group

24 August, 2017/VCCiRCLE/- Gurgaon-based listed real estate developer Vipul Ltd has raised Rs 150 crore ($23 million) from financial services conglomerate Edelweiss Group, it said in a statement. Vipul raised the capital via non-convertible debentures (NCDs) with a tenure of…
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Budget hotel chain Treebo raises $34 mn in Series C round

30 August, 2017/VCCiRCLE/- Budget hotel chain Treebo Hotels has raised $34 million (Rs 220 crore) in its Series C funding round led by Hong Kong-based investment firms Ward Ferry Management and Karst Peak Capital, a company statement said. Existing investors…
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