Big Indian Wedding Private Limited which runs wedding planning portal - BigIndianWedding.com has raised VC funding from unsiclosed Indian business family.
The funds raised will utilised to launch its e-commerce offering.
New Delhi based BigIndianWedding was founded by Ashish Abrol. It is wedding planning portal that provides one stop shop for all wedding planning need like finding the venue, caterer or wedding couture.
Star Health Insurance has raised R50Cr PE investment from ICICI Venture, Sequoia Capital and Oman Insurance. The funds were raised through a rights issue and the shares were allocated at a price of Rs 28.7, including the premium of Rs 18.7.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.