The expansion plans were formalised after the six-year-old company turned profitable in January, said founder Hitendra Chaturvedi.
Restaurant chain Olive Bar & Kitchen, in which Aditya Birla Private Equity fund is an investor, is looking to raise Rs180- 200 crore
Promoted by first generation entrepreneur Dhirendra Singh, Vadodara-based Manpasand could raise over Rs 300-400 crore in the issue.
Olive Bar and Kitchen is looking to raise anywhere between Rs 180 and Rs 200 crore from other private equity investors to fuel its expansion plans.
USFDA has approved Perfint's robotic device “Maxio”, which allows doctors to treat cancer by inserting a needle in the affected area.
The Mumbai-based startup has been cofounded by Zishaan Hayath and Hemanth Goteti, who had earlier set up mobile commerce firm ChaupatiBazaar.
The deal valued at Rs 57.84 crore signals increased interest in the Indian technology services industry by the investment firm.
Venture capitalists, private equity players see better days ahead, expect new govt to bring stability in policy making
The venture capital and private equity industry has seen a decline in investments over the past two years. Fund-raising by these investors fell to $2.25 billion (Rs 13,500 crore) across 26 funds in 2013.
The funding will be used by Chumbak to ramp up distribution and expand its offline presence besides building an internal team for the e-commerce business.
By selling higher-margin items such as kitchenware sets and saris, India’s television shopping players are looking to steal a march against their e-commerce peers.
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