Co-working Space

WeWork Puts IPO Success On Line To Secure $6 Bn Funding For Expansion

We-work, a co-working company is reportedly setting up a USD 6 Mn financing as plans to increase its global impact and deepen its footprint.

Source: INC42

 

E-Commerce

Reliance To Buy 87.6% Stake In Ecommerce Startup Fynd For INR 295 Cr

Fashion e-commerce platform Fynd is set to get acquired by Reliance Industries Limited with a stake of 87.6 percent being valued at USD 42.33 Mn, according to a Reliance Industries’ filings in the Bombay Stock Exchange.

Source: INC42

 

Analytics

Razorpay Buys Thirdwatch

Razorpay, a digital payments startup, has acquired Gurugram-based fraud analytics startup Thirdwatch, in a deal said to be an all-cash one. No details were disclosed but the deal is said to be using the USD 75 Mn that Razorpay recently raised to help fund the transaction.

Source: TIMES GROUP

 

Pharmaceuticals

Temasek lining up $100 million for Ascent Health and Wellness

Temasek is looking to finalize an estimated $100 million equity financing round in Ascent Health and Wellness, as global investors look to invest in pharma ventures that have a significant distribution presence as well operate as a front-facing e-commerce business.

Source: ECONOMIC TIMES

 

Microfinance

Spandana Sphoorty raises Rs 360.28 crore from 18 anchor investors

Spandana Sphoorty Financial, a microlender, said it has raised around Rs 360.28 crore from 18 anchor investors at the upper end of the price band at Rs 856.

Source: ECONOMIC TIMES

 

Healthcare

Bhopal-based EHR platform HealthQik raises $250,000 in a seed round

HealthQik, an electronic health record startup, has raised seed funding of USD 250,000 from two angel investors, Virendra Prakash Sharma (Indonesia) and Gagan Lamba (US).

Source: YOURSTORY