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India: Sterling Accuris Wellness snags $34m from Morgan Stanley PE Asia
Proceeds from this fund raise will help the company penetrate deeper in existing markets and enter new geographies.
Indian solar cell maker Premier Energies raises $27m from PE firm GEF Capital
Company will add new capacity of 2 GW cell manufacturing and 2 GW module manufacturing.
India: Karbon raises $12m pre-Series A from US fintech unicorn Ramp, others
Rainfall Ventures, Roka Works, Y Combinator, and others invested.
India’s BharatPe appoints Nehul Malhotra as head consumer lending
Malhotra’s appointment is the fifth senior level appointment for BharatPe in the year 2021.
Indian hospitality major Oyo to file for up to $1.2b IPO next week
SoftBank owns a 46% stake in Oyo.
Salesforce rival Freshworks raises $1.03b in US IPO
Freshworks priced 28.5 million shares at $36 per share.
FrontRow raises $14m Series A round led by Eight Roads Ventures, GSV
Existing investors Lightspeed and Elevation Capital also invested.
Zomato offers clarification on not informing exchanges about co-founder Gupta’s exit
Zomato said it did not inform exchanges since Gaurav Gupta was not designated key managerial personnel.
Home interior firm Livspace announces retail expansion across India, APAC
Livspace plans to invest $50 million to rapidly expand its business and grow the team overseas.
India’s Serum to get 15% stake in Biocon Biologics for 100 million vaccine doses a year
The strategic alliance will also develop antibodies targeting several diseases like Dengue, HIV, etc.
