VP Weekly | 28th Jul '19
Patanjali gets NCLT nod to acquire Ruchi Soya, with conditions
The National Company Law Tribunal’s (NCLT) Mumbai Bench has approved Baba Ramdev-led Patanjali Ayurved’s ₹4,350-crore resolution plan for debt-ridden edible oil firm Ruchi Soya, which was kept in abeyance earlier.
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Blackstone Might Invest $250 Mn In Kishore Biyani’s Future GroupWith a steady eye on the upcoming General Election 2019, the Interim Budget of the BJP government for 2019 will likely be strong on optics and populist measures. While this is still an Interim Budget, with a clear focus on the upcoming General Election, here are the key takeaways of the Union Budget 2019 for the Indian Startup Ecosystem. Read More
Startup News Snippets
M&A News
Market Pulse
- Delhi-based electric rickshaw provider SmartE has raised $14.5Mn in series B funding from the Japanese conglomerate Mitsui and Co
- Gurugram-based hyperlocal services provider UrbanClap has raised $216 K in fresh funding from ex- Flipkart CTO Mekin Maheshwari and Avaana Capital founder Anjali Bansal
- Hyderabad-based electric vehicle startup Celestial E- Mobility raised $200K from Meka Sudhakar Reddy. The company is in the advanced stage of developing Electric Tractors
- Pune-based exam preparation platform Pariksha raised $1 Mn in pre-Series A funding from Venture Catalysts
- Bengaluru-based cell therapy startup Eyestem has raised an undisclosed amount of funding from Jacesa investments, Church Street Trustees and Gillian Corken
- Mumbai-based P2P lending platform PaisaDukan has raised an undisclosed amount of funding from JITO Incubation and Innovation Foundation (JIIF)
- Bengaluru-based customised apparel and merchandise brand Alma Mater has raised $200 K in its first external funding from Wazir Advisors
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