3i, an international investor in private equity, infrastructure and debt management, and funds managed by 3i, acquired a minority stake in BVG India Limited. BVG is one of India’s largest facilities management services companies with a pan India presence, offering a wide range of services, stated a press release from 3i.
Established over two decades ago,

Komli Media successfully completed its third round of funding, aimed at expanding the firm’s offering and upgrading its existing products and technology. The Mumbai based firm raised $15 million, about Rs.67.5 crore, led by Norwest Venture Partners (NVP) and existing investors, Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson (DFJ).
Under the terms of

Power point presentation sharing site authorSTREAM.com has raised its first round of funding from Rajan Anandan, former Managing Director of Microsoft India. authorSTREAM will use the funding for website development and for marketing activities. With this deal, Rajan Anandan has joined the authorSTREAM’s Board.
authorSTREAM has been spun off from authorGEN Technologies, a company which Educomp

Dewan Housing Finance Corporation (DHFL) may be in line to acquire Deutsche Postbank Home Finance (DPHF). The firm is a favorite for the acquisition of Deutsche Postbank Home Finance, previously known as Birla Home Finance Ltd. Dewan Housing Finance Corporation is controlled by the Wadhawan family and will undertake the acquisition for around $240 million,

India based multi-channel direct marketing platforms firm Jasper Infotech is to raise nearly $12 million from Nexus Venture Partners. Jasper Infotech owns group buying arm Snapdeal.com. The funds to be raised are to be used for the firm’s marketing campaign and overseas expansion.
Jasper begun as a start up two years ago, co-founded by entrepreneurs Kunal

In a follow up to its announcement regarding investment in start ups, Intel Capital has invested around $77 million in 18 start ups; including Bangalore based Althea Systems And Software Pvt Ltd. Althea Systems And Software Pvt Ltd is online video startup. The investment comes as part of the US firm’s plans for a $77-Mn

Avantor Performance Materials Holdings Ltd Friday announced it had gone into a definitive agreement that will see it acquire RFCL Ltd from a subsidiary of India’s second largest bank, ICICI. Avantor Performance said it will acquire RFCL Limited from ICICI Venture Funds Management Company Limited.
Avantor was formerly known as Mallinckrodt Baker and was acquired by

ChrysCapital said Monday it had sold off its 3.478 per cent remaining shareholding in Mahindra & Mahindra Financial Services for an estimated Rs 225.7 crore. ChrysCapital, the private equity firm said it had sold the stake via a bulk arrangement deal on the Bombay and the New Delhi Stock Exchanges. Previously, ChrysCapital had a shareholding

India’s Financial Technologies (India) Ltd has sold 6.92 per cent stake in India Energy Exchange for 21.45 Crore. Financial Technologies (India) Ltd is a technology provider for exchanges in India. The firm reported selling its stake in the group firm Indian Energy Exchange. The transaction equates to the sell of 18.59 lakh equity shares of

Indian micro finance firms Share Microfin Ltd and Asmitha Microfin Ltd are mulling a possible merger of their business. The two firms are based in Hyderabad and the former, Share Microfin Ltd is in advanced stages for a public issue. The two firms are keen on bolstering valuations as the merger turns the fresh entity