Infosys to fund start-ups

Infosys has announced the creation of a ₹1,550 crore ($250 million) Innovate in India Fund to invest in promising new Indian companies that will be inducted into the global ecosystem of strategic partners that Infosys is building. With the fund, Infosys will help start-ups amplify their engineering and operations and bring their innovations to market at scale.

Bandhan gets ₹1,600-cr investment

The International Finance Corp and GIC, Singapore’s sovereign wealth fund, will invest ₹1,600 crore in Bandhan Financial Services Ltd, ahead of its banking foray. Through this investment, IFC will increase its stake in Bandhan, which has got a banking licence, while GIC is a new investor in the Kolkata-headquartered micro-finance institution.

CDC invests in Narayana Hrudayalaya

CDC Group, the UK’s development finance institution, will invest $48 million investment for a minority stake in Narayana Hrudayalaya Hospitals, a multi-speciality healthcare provider that operates a chain of hospitals in the country under the Narayana Health brand. The money will help Narayana Hrudayalaya expand hospitals in Kolkata, Lucknow, Bhubaneshwar and Bengaluru.

Twitter acquires ZipDial

Twitter Inc has bought the Bengaluru-based ZipDial, marking its first acquisition in India. ZipDial has built a mobile platform that lets people follow and engage with content across all interfaces. Mumbai Angels had invested in Zipdial in 2011 with 11 of its members putting in money in the social marketing and analytics start-up. The other investors in Zipdial include 500 Start-ups, Blume Ventures, Jungle Ventures, Angel Prime and Unilazer.

Orion buys stake in Brain Valley

Orion Edutech, a skill development company, has bought a 67 per cent stake in Chennai-based Brain Valley Software, an independent assessment solution for corporates and education institutes. Founded in 2011, Brain Valley provides more than 1.5 million assessments for a range of competitive exams.

Hopscotch raises $11 mn in Series B funding

Hit The Mark Inc, the holding company of Hopscotch.in, a leading discovery based e-commerce destination for mothers, has raised $11 million in Series B financing led by Facebook co-founder Eduardo Saverin and Velos Partners. It will use the money to build operational capacity and technology, support growth initiatives and expand its product and service offering. With this, the Mumbai-based company has raised $15 million.

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