Courier service provider Pigeon Express Pvt Ltd is in advanced talks to acquire e-commerce focused logistics service provider GoJavas (Quickdel Logistics Pvt Ltd), which suspended operations last week amid an organisational overhaul, in a cash and stock deal.
Thermax Ltd plans to made an additional investment of up to Rs 6 crore ($900,000) in First Energy Pvt Ltd , alternative energy solutions company in which it had acquired 33 per cent stake last year. First Energy’s brand Oorja, a combination of a ‘micro- gasification’ stove and biomass-based pellet fuel, is adopted by several customers as a substitute to fossil fuels such as LPG and diesel.
Milestone Capital Advisors Ltd is raising its third commercial real estate private equity fund of almost INR 1,400 crore ($209 million). Funds are being raised from both domestic and overseas investors, with Milestone expecting overseas investors, including non-resident Indians (NRIs) and institutional investors, to contribute around Rs.500 crore ($74.8 million) to the fund.
Silicon Valley-based big data startup Innovaccer has raised Series A funding led by Westbridge Capital Partners. Innovaccer helps large enterprises access and manage organisational data through dashboards using its flagship product Datashop. The funding will be utilized to further strengthen the product.
Online real estate advisor PropTiger has acquired Gurgaon-based startup virtual and augmented reality & 3D visualisations startup 3DPhy. With this acquisition, PropTiger aims to advance its technological platform to further enhance its hi-tech marketing solutions for developers.