Surat based Ace Tour Worldwide Limited is planning to raise IPO through issue of 8.1Mn shares by diluting 52.88% stake in the company.
The funds raised will be used to set up service apartment facilty at Surat; to upgrade the ardware and software facilities for webportal; for brand building exercise and for working capital requirement.
Corporate Strategic Allianze is the book running lead manager to the issue.
Savaari Car Rentals has raised R5Cr Series A funding from Inventus Capital Partners. Samir Kumar and Parag Dhol from Inventus Advisory Services (India) will be joining the Board of Directors at Savaari.
The clinical-stage specialty bio-pharmaceutical company Vyome Biosciences Private Limited has raises $14 million in Series-C financing round. The financing round was led by a prominent New York based life sciences fund Perceptive Advisors. Apart from that the funding round saw participation of a Boston-based venture capital Romulus Capital along with existing investors.