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FMCG major Marico has paid ₹10 crore for a 45 per cent stake in Mumbai-based start-up Bellezimo Professionale Products. It will use acquisition to focus on the salon distribution channel for its hair and skin care products.
Take Solutions buys Ecron Acunova
The Chennai-based Take Solutions will buy the Bengaluru-based life-sciences services company Ecron Acunova for ₹115 crore. The acquisition will give Take Solutions expertise in bio-similars, regenerative medicine and diagnostic imaging agents. It will also help it increase its presence in Europe and Nordic countries. Ecron Acunova, which has a presence in the US and Germany, delivers pharmaceutical research services to clients across South East Asia, Central and Nordic Europe and North America.
Goodbox receives $2.5 million
Goodbox, a conversational-commerce mobile app, has raised about ₹20 crore ($2.5 million) from Nexus Venture Partners. The company had raised seed funding from the Manipal Group, Aprameya Radhakrishna (co-founder of TaxiForSure) and Charan Padmaraju (co-founder of redBus). It will use the money for merchant acquisition and building the team. Goodbox allows businesses to create a commerce-ready store within minutes that provides seamless discovery, ordering and payment. Consumers can by from the stores across many categories without having to download multiple apps. Goodbox allows businesses to create a store on its app that resembles the physical environment where the merchants can chat with consumers, upload their product or services catalogue for search and discovery, take orders, accept payments and get logistics support.
Portea buys MedybizPharma
Home healthcare company Portea Medical has bought specialty pharmaceutical distributor MedybizPharma, in a cash and stock deal the value of which has not been disclosed. The acquisition will enable Portea to give better pharmacy care to patients with chronic conditions who have ongoing needs for medication.
Naaptol gets ₹343 cr from Mitsui
Multi-channel home shopping company Naaptol has raised ₹343 crore from Mitsui & Co of Japan. Mitsui had previously invested ₹136 crore in Naaptol. With the latest fund infusion, Mitsui will increase its stake in the company to 20 per cent from 5 per cent. Naaptol will use the money to expand its reach and build a supply chain.
S Chand & Co raises $27 million
Educational publisher S Chand & Co has raised $27 million from International Finance Corporation (IFC) and private equity fund Everstone Capital. Everstone had invested $28 million in 2012 for a 31 per cent stake in the publisher.
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