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IFC to invest in seed producer Mahyco India's overseas unit

Finance

04 October, 2019

IFC to invest in seed producer Mahyco India's overseas unit

International Finance Corporation (IFC) plans to make an equity investment of up to $20 million (Rs 141.82 crore at current ......

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Sam Zell's Equity International, others to sell stake in India operator of Marriott, Hyatt hotels

Consumer

25 September, 2019

Sam Zell's Equity International, others to sell stake in India operator of Marriott, Hyatt hotels

Gurugram-based SAMHI Hotels Ltd, which operates the largest number of Marriott and Hyatt hotels in India, has filed draft papers ......

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B2B marketplace Bizongo pockets Series C cheque as valuation nears $100 mn

TMT

19 July, 2019

B2B marketplace Bizongo pockets Series C cheque as valuation nears $100 mn

Bizongo, a business-to-business marketplace for packaging materials, has received funding from a bunch of investors in a Series C round ......

Grapevine: ShopClues swings axe on 50% staff; IFC, others mull Azure Power stake sale

General

19 July, 2019

Grapevine: ShopClues swings axe on 50% staff; IFC, others mull Azure Power stake sale

Gurugram-based online retailer ShopClues has let go about 50% of its workforce, downsizing from about 400 to around 200 employees, ......

IFC offers $150 mn in debt funding to RBL Bank

Finance

10 July, 2019

IFC offers $150 mn in debt funding to RBL Bank

International Finance Corporation will provide $150 million (Rs 1,028 crore) in the form of a five-year senior loan to private-sector ......

IFC leads $550-mn investment round in L&T Finance

Finance

04 July, 2019

IFC leads $550-mn investment round in L&T Finance

International Finance Corporation has led a $550 million (Rs 3,769 crore) investment round in L&T Finance Ltd, a wholly owned ......

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IFC to back rare management buyout-style transaction in India

TMT

03 July, 2019

IFC to back rare management buyout-style transaction in India

International Finance Corporation has joined a consortium of investors that is in talks to seal a venture-stage management buyout-style transaction ......

Swiss investor Corisol leads $70 mn funding round in online pharmacy 1mg

TMT

28 June, 2019

Swiss investor Corisol leads $70 mn funding round in online pharmacy 1mg

Gurugram-based 1mg Technologies Pvt. Ltd, which operates an eponymous online pharmacy, has raised $70 million (Rs 483 crore) in its ......

IFC proposes to invest $30 mn in Indian School Finance Company

Finance

19 June, 2019

IFC proposes to invest $30 mn in Indian School Finance Company

International Finance Corporation (IFC), the private-sector investment arm of the World Bank, has proposed to invest up to $30 million ......

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Piramal-Bain distressed assets fund set to raise $750 mn

Finance

11 June, 2019

Piramal-Bain distressed assets fund set to raise $750 mn

India Resurgence Fund will raise a corpus of $750 million (around Rs 5,250 crore) over the next few months to increase ......