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Global alternative asset manager The Carlyle Group has acquired a significant minority stake in Delhivery Pvt Ltd, a leading third-party supply chain services company focussed on digital commerce. Existing investor Tiger Global also invested in this round, with the combined investment being more than ₹650 crore ($100 million). Delhivery provides express logistics services in over 600 cities in India and in more than 8,500 pincodes. It operates 12 fulfilment centres for B2C and B2B orders.
AppWorks buys BigDrop
IT servicing and consulting company AppWorks has acquired BigDrop, a custom software development start-up, for an undisclosed amount. BigDrop develops custom-made software for start-ups, SMEs and corporates. The acquisition will give AppWorks a set of qualified engineers and will also enable it to expand its offering.
Kedaara invests in Vijaya Diagnostic
PE firm Kedaara Capital has picked up a significant minority stake in Hyderabad-headquartered Vijaya Diagnostic Centre Pvt Ltd. Vijaya Diagnostic has an integrated model with pathology and imaging services under one roof across centres.
Siftr acquired by Chinese firm
Venture Catalysts-backed Siftr Labs, a technology driven photo curation platform, has been acquired by APUS Group, one of China’s fastest growing unicorns, for an undisclosed sum. With this, Venture Catalysts exits its stake in the company.
BYJU’s receives ₹150 crore
Edutech firm BYJU’s has raised about ₹150 crore from Belgium-based Verlinvest. This money will help BYJU’s expand into Europe and other geographies and also acquire ventures. In December 2016, the edutech start-up had raised $50 million from the International Finance Corporation.
Tencent picks 5% in Tesla
Chinese internet giant Tencent has bought a 5 per cent stake in electric car maker Tesla for about $1.8 billion, through Tesla’s recent stock offering and via open-market transactions. This makes Tencent Tesla’s fifth largest shareholder.
Indus OS raises funds
Mobile phone operating system Indus OS has raised an undisclosed amount in a Series A2 funding round from Ventureast, JSW Ventures and Series A investor Omidyar Network. It will use it to grow the team, develop the product and invest in language technology to cover all Indian languages.
PTC India Fin sells stake in IEX
PTC India Financial Services has sold its entire stake in India Energy Exchange for ₹133 crore. PTC India Financial is a non-banking infrastructure finance company promoted by PTC India. Our Bureau
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