Emerging Entrepreneurs

GSK Ventures buys into Leixir

| Updated on January 20, 2018 Published on April 18, 2016

GSK Ventures, the family office of GSK Velu, a serial entrepreneur in the healthcare space, has bought a minority stake in Leixir Resources Pvt Ltd, a chain of integrated dental labs in North America. Promoted by Harmeet Singh Bindra and Mangesh Sholapure, Leixir is a chain of dental labs in North America. It has acquired running labs and transitioned the businesses to drive immediate and long-term synergies. Leixir runs dental labs in Florida, New York, Vancouver and Toronto, with an offshore design and manufacturing centre in India.

Healthenablr raises seed funding

Healthenablr, a healthcare technology and services provider, has raised about $800,000 as seed funding from a group of professionals in Silicon Valley and Hong Kong. It will use this money to develop its patented EMR technology and consolidate sales efforts. The patented EMR software allows doctors to generate online invoices and prescriptions, keep track of patient medications and follow-up appointments.

Orahi buys Odd-Even.com

Thirteen-year-old Akshat Mittal’s website Odd-Even.com, which helped commuters in Delhi find partners to share their car with during the odd-even rule in the capital, has been acquired by corporate carpool app Orahi. Mittal founded the platform during the first phase of the odd-even rule introduced by the Delhi Government. After the acquisition, Orahi’s combined user base will be 70,000. Orahi has inducted Mittal on its advisory board as a technical and domain expert.

KKR closes $3.35-b global fund

Leading global private equity and investment firm KKR has announced the final closing of the KKR Special Situations Fund II. This is a $3.35-billion global fund that is focussed on credit-oriented, deep-value investing in distressed or event-driven situations. The fund received strong backing from a diverse group of new and existing global investors, including public and corporate pensions, sovereign wealth funds, insurance companies, foundations, endowments, private banking platforms, family offices and individual investors.

Hungama gets ₹165 crore

Chinese smartphone maker Xiaomi has led a ₹165-crore ($25) million investment in Hungama Digital Media Entertainment, its first in an Indian company. Hungama will use the money to add more contents. Existing investors Intel Capital, Bessemer Venture Partners and Rakesh Jhunjhunwala also participated in this round. Our Bureau

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Published on April 18, 2016
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