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Private Equity | 20 November 2012

Lavazza Set To Rejig Coffee Chain Barista: May Sell Or Rope In Partner

by Paritosh Gajjar
Lavazza Set To Rejig Coffee Chain Barista: May Sell Or Rope In Partner
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The after-effects of coffee chain giant - Starbucks entering India is felt as Italian firm Lavazza plans to rope in a strategic partner.

ET also added that the company is in the process of scouting for an outright buyer for Barista or a possible strategic investor.

However a Lavazza representative mentioned India as an important location and waived off intentions of moving out from the country.

Polaris Plans To Divest IdenTrust Biz

Polaris Plans To Divest IdenTrust Biz

Polaris Financial technology is planning to divest the business of American company – IdenTrust Inc which it acquired last April.According to BSE filings, the business of IdenTrust Inc is classified by the US Government as critical to its security infrastructure. The technology and ...

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Druva raises $51m from Sequoia, EDBI and others

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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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