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...
Gap Launches India-Specific Product Line
San Francisco, CA-based Gap Inc., along with its India joint venture partner Arvind Lifestyle Brands, rolled out a range of products customized according to the fit, color, and design preferences that appeal to Indian consumers. Parag Dani, business head for Gap at Arvind Lifestyle Brands India, explained that the range was...
U.K.'s Apax Partners Acquires India's Healthium Medtech
London-headquartered Apax Partners acquired Bangalore-based Healthium Medtech in a deal worth approximately $350 million. (In mid-March I had mentioned that this deal was in the offing.) Healthium is India's largest medical consumables and surgical sutures company. It also owns Quality Needles and U.K.-based Clini Supplies. "Healthcare is a key focus...
Microsoft Ventures Evinces Interest in India's Startups
San Francisco, CA-based Microsoft Ventures is looking at investing in India's startups. Peggy Johnson, executive vice-president for business development said, "Microsoft Ventures is not here [in India] yet. We intend to come to this market…there will be an explicit commitment for India." The company already services about 5,000 Indian startups...