Adani Ports to acquire Krishnapatnam Port for $1.9 Bn
Billionaire Gautam Adani-led Adani Ports and Special Economic Zone Ltd said it will acquire a 75% stake in the Andhra Pradesh-based Krishnapatnam Port Company Ltd for an enterprise value of $1.9 Bn
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Gurugram-based GoMechanic in expansion mode with funding from Chiratae, Sequoia
Automobile service and maintenance startup GoMechanic has raised $14.7 Mn in Series B led by Chiratae Ventures and Sequoia Capital
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Startup News Snippets
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Market Pulse
- Ahmedabad-based online tax planning and filing platform Quicko raised $280K in the seed round from Zerodha’s fin-tech fund and incubator Rainmatter
- Pune-based Agritech ERP platform, FarmERP, raised an undisclosed amount in its Series A round from Singapore-based strategic investor Technogen Advisors
- Hyderabad-based SuperSurfaces India has raised $500,000 in an angel funding round from US-based investor Vishnu Reddy
- Micro-finance company Satin Creditcare Network has received external commercial borrowing (ECB) funding of $15 Mn from Development Bank of Austria
- American seed-stage accelerator Y Combinator (YC) has awarded equity-free grants of $15K to four Indian startups, namely Circles, Vizitor, Sandoras, and Wealth42
- Reliance Industries will enter into online food and grocery shopping by early next year through Jiomart
- JSW Energy is taking an equity stake in Jaiprakash Power Ventures as part of an exercise to restructure its loans to the debt-laden company