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.
Delhi-based 91springboard, a firm that provides co-working spaces to startups has raised an undisclosed amount of funding from Khattar Holdings, ThirtyThree Investments and others. The funding will be utilized to expand operations and build technological capabilities.
Online peer-to-peer (P2P) lending platform Faircent, operated by Gurgaon-based Fairassets Technologies India Pvt Ltd, has raised funding from Brand Capital, the ad-for-equity investment arm of Bennett Coleman & Co (BCCL). The funding will be utilized to buy inventory in radio, TV, online and print properties of the Times of India group.