Matrix Partners India, a subsidiary of San Francisco, CA-based Matrix Partners, announced the closing of its third fund with a committed capital of over $300 million. This follows the over $100 million Extension fund closed in 2016. The private equity investment firm has backed more than sixty startups to date,...
Anderson Global Expands Operations in India
San Francisco, CA-based tax firm Andersen Global announced its fifth office in India as Nangia Advisors LLP, a collaborating firm of Andersen Global, located in Gurgaon, India. Mark Vorsatz, Andersen Global chairman and Andersen Tax LLC CEO said, "Nangia Advisors’ expansion is part of a broader strategy to increase our...
Funding for Healthcare Startups Surges in India
Data from Bangalore, India-based Tracxn Technologies shows venture capital investment in home-grown health-tech startups in 2018 is at an all-time high. With continuing investor interest, so far $510 million has been invested across eighty health-tech startups. These investments were led by medicine ordering website PharmEasy, which raised $115 million across...
Vaultbank Opens Office in India
Headquartered in San Francisco financial services company Vaultbank, opened an office and partnered with leading payment processors in India. Austin Trombley, founder of Vaultbank and vice president of Financial Innovation for Franklin Templeton, said, "With over 120 fiat currencies, we can truly support a global customer base. Our payment and...
Roche Seeks Collaborators for Evidence-Based Technology in India
Lara Bezerra, managing director (India) of Switzerland-based Roche, said that the company is looking for startups in India that will help to bring in to the country its evidence-based medicine through its proprietary technology Flatiron Health. In February, Roche acquired San Francisco, CA-based Flatiron Health, an oncology-specific electronic health record ...
KKR, TPG Bid for India's Fortis Healthcare
On April 18, I had blogged about San Francisco, CA-headquartered TPG Capital-backed Manipal Hospitals acquiring Fortis Healthcare's hospital assets. However, Fortis' shareholders objected to the acquisition, since the deal on behalf of Fortis hospitals had been approved by a board of directors elected during the ownership of Fortis' previous management who...