Swiggy, a food ordering and delivery startup based out of Bangalore, India, raised $35 million in a Series C round of funding. The company attracted two new investors, New York-based venture capital firm Harmony Partners Ltd., and Singapore-headquartered venture capital firm RB Investments Pte. Ltd. Existing investors Norwest, SAIF and...
2015: Highest M&A Deals in India Healthcare Market
According to a report in Live Mint which quoted data from VCCEdge, outbound mergers and acquisitions in the healthcare sector in India were worth $1.5 billion in 2015 as against $251 million in 2014. Outbound Acquisitions Acquirer Acquiree Deal Size Lupin, India Gavis Pharmaceuticals, U.S. $880 million Cipla, India InvaGen...
FDI into India rose 63% in February, Year over Year
The Hindu Business Line reports that according to data from the Department of Industrial Policy and Promotion, foreign direct investment in India jumped 63 percent to $3.28 billion in February, 2015. In February last year, the country had received FDI of $2.01 billion. In the 11-month period from April 2014...
Jewelry Retailer Receives Warburg Pincus Investment
New York-based Warburg Pincus LLC will invest $196 million in Kalyan Jewelers Ltd. of Kerala, India as the retailer seeks to open more stores globally to tap demand for gold ornaments. According to Business Week, the company plans to triple its sales in three years by adding 28 new outlets...
Bob Gates emphasized US-India defense ties at Singapore meeting
On June 4 in Singapore, speaking at the Shangri-La Dialogue, US Defense Secretary Robert M Gates said that the United States is reaching out to countries all around Asia and the Pacific to build the web of engagement so important to security, stability and prosperity. Gates added, "The United States...
Shanghai Rising
For Western companies, it was conventional wisdom that you located your Asia-Pacific office in either Hong Kong or Singapore. Both cities offer modern amenities for expatriates and both have a cosmopolitan air about them. But the world has changed. A Chinese survey of 112 companies found that 78% of them...