New York City headquartered Morgan Stanley's India Infrastructure arm will invest $14 million in Bangalore-based Manipal Health Enterprise Private Limited. HealthMaP Diagnostics Private Limited, a joint venture between Manipal Health and Philips India Limited, will use the capital to expand its presence to 75 centers in the next three years....
India’s Ola Electric Mobility Raises $56 Million
Bangalore, India -based Ola Electric Mobility Pvt. Ltd raised $56 million from existing investors New York City's Tiger Global Management and San Francisco's Matrix Partners' subsidiary in India. Ola Electric Mobility is a division of cab aggregator Ola which plans to launch 10,000 three-wheeled and other electric vehicles on Indian...
Global PE Firms Invest in India's Residential Realty
The residential real estate sector in India is witnessing a spurt in global investments due to regulatory changes and a more dovish monetary policy outlook. Additionally, government announced a cut in the goods and services tax charged on sales of residential properties under construction to stimulate the economy by driving up...
Data Analytics Firms to Identify Malpractices in Ayushman Bharat
Five players in the data and analytics field will compete to detect malpractice in hospitals that are part of the Indian government's flagship health insurance plan Pradhan Mantri Jan Arogya Yojana under Ayushman Bharat, for a period of six months. The best performer among the five will be taken on...
Mercer Acquires India's HR Tech Startup Mettl
Headquartered in New York City, global HR consultancy Mercer, a subsidiary of Marsh & McLennan Companies Inc., acquired online assessment platform Mettl based in Gurugram, India. Ilya Bonic, global president of Mercer’s career line of business believes that the acquisition signifies Mercer’s entry into the rapidly-growing global talent assessment market...
Warburg Pincus JV to invest $400 million into affordable hotels
New York City-based private equity firm Warburg Pincus LLC., is setting up a joint venture with New Delhi-headquartered Lemon Tree Hotels Limited that plans to invest over $400 million to develop full-service accommodation for students and young working professionals. Warburg Pincus will hold a 68% stake in the joint venture while...