Bengaluru-based edtech company iNurture has raised $4.3 million in its Series C funding round. The round was led by Ventureast along with existing investors Bertelsmann India Investments and Ascent Capital. iNurture plans to use these funds to expand its unique e-Learning platform for Skill Centers and Distance Learning, and to expand its managed campuses business.
Last Month's Deals
EID Parry, the Murugappa Group firm, has signed an agreement with Cochin-based Synthite Industries to set up a 50:50 joint venture firm for manufacturing value-added algae products. The JV firm will set up a manufacturing facility in Tamil Nadu with an investment of around Rs.40 cr. for the production of Phycocyanin, a natural blue pigment extracted from Spirulina.
Quess Corp, an integrated business services provider, has signed definitive agreements to buy MonsterIndia and its business in South East Asia and the Middle East from Monster Worldwide Inc and the Care Business of HCL Services from HCL Infosystems. While the Monster acquisition complements Quess’s market leading presence in the HR services space by establishing end-to-end offerings across the Employee Lifecycle Management space, the acquisition of Care Business will augment its services capability in the Customer Lifecycle Management space.
Mall developer Star Shopping Centres is merging with Future Group’s primary retail infrastructure development unit, Future Market Networks. Star Shopping Centre is a subsidiary of Future Market Networks and is engaged in development and management of shopping centres and malls.
Delhi-based agro-chemicals firm Crystal Crop Protection Pvt. Ltd (CCPPL) has agreed to acquire a speciality chemicals plant from Cytec India Specialty Chemicals & Materials Pvt. Ltd, an Indian unit of Belgian chemicals firm Solvay SA.
Subscribe to Breakfast Deals – our daily newsletter
* = required field