Godrej Agrovet

India Dealbook: Bentley Systems, Godrej Agrovet, Goomo make acquisitions

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As a result of the acquisition, Maxximilk  has become a subsidiary of Godrej Agrovet with effect from January 17, 2018.

India Digest: CSB stake sale; GMR Energy plant sale; Future Group looks to buy Foodworld

Last year, Fairfax made a formal offer to acquire a stake in CSB valuing the bank at around Rs 1,300 crore. However, the talks failed.


Venture debt player InnoVen Capital mulls launching AIF in India

InnoVen disbursed over $75m in India in 2017, marking an increasing of 25% over its deployment a year ago.


India: Tencent-backed health-tech startup Practo losses widen in 2016-17

Practo, one of the well-funded start-ups in the online medical care space, competes with NetMeds and Portea. It raised $55 million in a Series D funding led by China’s Tencent Holdings Ltd in January 2017.


India: Online lending startup OptaCredit secures $4m credit line from DMI Finance

Backed by the promoters of Dabur India Ltd, DMI Finance focuses on corporate lending, housing finance, consumer finance and asset management.


India’s ONGC to buy majority stake in refiner HPCL for $5.78b

Purchasing a stake in HPCL would help ONGC to diversify its cash flow and reduce its vulnerability to changing global crude prices.


2018-19 will see a strong cohort of startups in India as companies learn from past mistakes: GREE Ventures

“We’ll be more tech oriented, we’ll be solving real problems, and we’ll be solving local problems. All of this due to our learnings from past mistakes… I see more companies targeting the mass consumer and, more importantly, with stronger business fundamentals coming up in the next couple of years,” Nikhil Kapur, Principal, GREE Ventures, said.


India: M&As to see uptick in 2018 driven by consolidation, expansion

Disruptive pressures such as technological innovation and digitization, will also compel players to proactively acquire capabilities that provide a competitive edge


India: Jhunjhunwala-backed John Energy to file for $47m IPO

Investment banks IDFC Bank and Keynote Capitals Ltd are advising the company on its initial share sale.


India: MFI Village Financial looks to sell 10% stake to raise growth capital

This is the first time the founders of the privately held Village Financial will dilute their ownership in the company.