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DEBT | 3 February 2012

Snowman Logistics To Raise $6.5Mn Debt From IFC

by Irfan Khan
Snowman Logistics To Raise $6.5Mn Debt From IFC
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Snowman Logistics is raising $6.5Mn long term debt from IFC for expanding it's storage facilities across the country.

Snowman Logistics has outlayed a capex plan of about $28Mn for expanding it's storage facilities in various locations across India.

ThyssenKrupp Elevator Acquires 25% Stake In Eros Elevators

ThyssenKrupp Elevator Acquires 25% Stake In Eros Elevators

ThyssenKrupp Elevator AG has formed a JV with Mumbai based Eros Elevators & Escalators Private Limited by acquiring 25.1% of its shares through its subsidiary - ThyssenKrupp Elevator India Private Limited.

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Druva raises $51m from Sequoia, EDBI and others

Druva raises $51m from Sequoia, EDBI and others

Sunnyvale, California-based Druva Inc., a cloud-first data protection solution provider, announced receiving $51 million in funding. This round of funding was led by existing investor Sequoia India, along with participation of new investors such as Blue Cloud Ventures, Hercules Capital, and Singapore-based EDBI. Existing investors like Japan’s NTT Finance (financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation), Nexus Venture Partners and Tenaya Capital also contributed to this round.

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