Ecosystem Weekly | 19th Jan '20
Piramal Enterprises to sell analytics unit Decision Resources Group for $950 mn
Piramal Enterprises Ltd has agreed to sell the healthcare analytics unit Decision Resources Group to US-based Clarivate Analytics Plc for $950 million
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Chinese automaker Great Wall agrees to buy General Motors’ India plant
Chinese automaker Great Wall Motor has agreed to buy General Motors’ car plant in Maharashtra. Great Wall, one of the biggest sellers of SUVs in China, is expected to pay about $250 million to $300 million to acquire the plant.
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Startup News Snippets
M&A News
Market Pulse
- Bengaluru-based online grocery delivery platform and agritech Ninjacart has raised $10 Mn in Series C funding from Flipkart India and Singapore-based GEC3
- Chennai-based logistics and supply chain startup Pando has raised $9 Mn in Series A funding from Chiratae Ventures, Nexus Venture Partners, Siemens’ backed Next47 and other angel investors
- Jay Shree Tea & Industries, a BK Birla group firm, is selling its Mata Tea and Gisakura Tea in Rwanda (Africa) to Belgium-based Grand Lacs Trading SA for $10 Mn
- Hero Cycles, the bicycle manufacturing unit of Hero Motors Company, has acquired a stake in German premium e-bike maker HNF Nicolai in an undisclosed amount
- Amazon’s payments arm, Amazon Pay, received $190 Mn while Amazon India’s B2B arm, Amazon Wholesale, got $50 Mn cash infusions from Amazon corporate holdings and Amazon.com
- Wipro Ventures, the strategic investment arm of Wipro, closes Fund II of $150 Mn to invest in early to mid-stage companies, building innovative enterprise software solutions
- Mumbai-based Online cosmetics and beauty products retailer Purplle has raised $8 Mn in Series C funding from Belgium-based investment firm Verlinvest
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