IFC To Invest $15Mn In India Knowledge-Manufacturing Fund I
by Irfan Khan
IFC is investing $15Mn in India Knowledge-Manufacturing Fund I.
The fund with a target size of $150 Mn will invest in about eight to ten unlisted small and medium-sized enterprises and mid-cap companies in India.
The fund managed by Forum Synergies (India) PE Fund Managers Pvt. Ltd will invest in healthcare, information and communication technology, engineering (including related manufacturing and services), and clean technology.
The fund management team consists of Samir Inaamdar, Hemchandra Jhaveri, Prashant Goyal and Ishwar Subramanium. These professionals have held key positions in GE, Tyco Electronics, Maruti (Suzuki), Nike, Madura Garments (Aditya Birla Group), 3M, Akzo Nobel, Ernst and Young, among others.
The investment team of the fund includes professionals from Madrid based Axon Capital as well.
Sparsha Learning Technologies has raised angel funding from Blume Ventures and Tempus Capital. Sparsha Learning Technologies is an e-learning based technology startup founded by Debabrata Bagchi(IIT Kharagpur) and Kapil Kaushik(IIT Delhi). ...
Along with the merger of Shasun Pharmaceutical with itself, Strides Arcolab also announced the induction of a strategic partner in its greenfield biotech project, Stelis Biopharma. As per the deal GMS Holding will pick up 25.1%s stake in the biotech arm infusing $8.5Mn.
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