BITS Pilani is close to buy out its partner ETA Star Group's stake in Dubai Campus for R100 Cr. The institute is planning for an expansion to reinvent itself as a teaching and research institute, according to ET.
BITS Pilani will take over the rights to manage the infrastructure for the Dubai campus. The buy-out will lead to exit for ETA star from Dubai JV.
Gurgaon-based grocery startup Milkbasket has been successful in raising $500,000 in pre-Series-A funding. The investment round was led by Entrepreneurship & Venture Capital (EVC), a global venture capital firm, which recently announced $50m funding for Indian startups in e-commerce, mobile space Internet of Things (IoT), wearables, gaming, education and ad-tech domains.