French firm Jean-Claude Biguine (JCB) has acquired two companies in India named Trica Hair Clinic, hair solutions specialist and home service brand The Home Salon. JCB, a salon and spa chain, expects to double the revenues in three years from these acquisitions. The company’s India turnover is around Rs 65 crore from its Mumbai and Bangalore operations.
Chennai-based housing finance company Swarna Pragati Housing Microfinance Pvt Ltd has raised an undisclosed amount from a group of investors including Zephyr Peacock, Omidyar Network, Aavishkar Goodwill in a Series B round. Founded in 2011, Swarna Pragati provides micro-mortgage loans ranging from Rs 50,000 to Rs 7 lakh and water, sanitation and hygiene (WASH) loans of Rs 15,000 to Rs 25,000 to families from the economically weaker sections (EWS) and low income groups (LIG) in rural India.