Breakfast Deals

ShopClues raises $1 million bridge round from Unilazer Ventures

Date posted: Wednesday 21 February 2018

Online marketplace ShopClues has picked up a paltry $1 million in a bridge round from Ronnie Screwvala-managed Unilazer Ventures. This comes at a time when the online marketplace has been struggling to raise fresh capital and speculation has been rife about it merging with another e-tailer.

(Times of India)

Consolidation phase over, telecom firms set for growth war

Date posted: Tuesday 20 February 2018


In the past 18 months, Reliance Jio Infocomm Ltd has triggered a bloody consolidation in the telecom sector, forcing incumbents to either match Reliance Jio’s offers or exit the market completely. Among the last ones to exit the market will be Aircel Ltd, which, plans to file for bankruptcy at the National Company Law Tribunal (NCLT). Trai’s latest order on tariff rules has given the green signal to Reliance Jio to continue with its promotional offers. But experts say Reliance Jio will now face strengthened competitors in Bharti Airtel Ltd and the Vodafone-Idea combine. Significantly, Airtel, Idea Cellular Ltd and Vodafone India have retained their respective market shares,which implies that Reliance Jio has grown partly at the cost of these smaller players and largely by grabbing a chunk of the new subscriber additions to the overall base.

(Live Mint)

Kinetic Group to partner Tonino Lamborghini for golf carts

Date posted: Tuesday 20 February 2018

Pune-based Kinetic Group company Kinetic Green Energy & Power Solutions has signed a pact to make electric golf carts and off road vehicles with global luxury brand Tonino Lamborghini. Under the MOU, Lamborghini Family will also provide the “Tonino Lamborghini” brand license to the JV and both the companies will leverage the existing network and marketing channels to promote and market the joint venture products in India and globally.


Sembcorp to rejig India energy operations into single entity

Date posted: Tuesday 20 February 2018

Singapore-based Sembcorp Industries would reorganize its India energy operations into a single entity, citing a more streamlined shareholding structure and greater synergy. The industrial conglomerate said its thermal and renewable energy businesses would be consolidated under Sembcorp Energy India Ltd, in which it would hold an effective stake of 93.7%. Its partner Gayatri Energy Ventures will own the rest.

(DealStreet Asia)

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