Press Releases

EDUTEL Technologies Receives Investment from Michael & Susan Dell Foundation

November 3, 2014 Press Releases

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BANGALORE and NEW DELHI, India – Bangalore-based EDUTEL Technologies Pvt. Ltd., a market leader in low cost, technology-enabled distance learning solutions delivered via patented satellite and internet technology today announced it has secured INR 124 million(~USD $2 million) investment from the  Michael & Susan Dell Foundation. The investment will help EDUTEL scale it’s innovatively designed… Read more >

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Online medical advice startup MediAngels raises $1M from Ventureast (VCCircle)

October 12, 2014 Media Exposure, Press Releases

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(Unitus Capital was the sole financial adviser to the deal.) Mumbai-based Angels Health Pvt Ltd, which runs MediAngels.com, an online platform that allows patients to consult specialised doctors from across the globe, has raised $1 million (over Rs 6 crore) in funding from Ventureast Tenet Fund and Government of India’s Technology Development Board. The funds will… Read more >

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LAUNDRY PROJECT, WHICH OWNS WASSUP BRAND, RAISES CRUCIAL BRIDGE FINANCE FROM INTELLEGROW

October 1, 2014 Press Releases

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Chennai-based consumer laundry company, Laundry Project India Pvt. Ltd., received crucial bridge finance in the form of a debt sanction from IntelleGrow. Unitus Capital was the sole financial advisor on this transaction. Laundry Project was founded in 2011 by Durga Das and Mr. Balachandar R. with the aim of catering to the affordable laundry segment… Read more >

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RGVN (North East) MFL closes Equity Raise of INR 41.8 crore

July 17, 2014 Press Releases

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Guwahati, July 15, 2014: RGVN (North East) Microfinance Ltd. (RGVNMFL), a microfinance institution headquartered in Guwahati, promoted by group of senior bankers, announced that it had closed its latest equity raise of INR 41.8 crore. Norwegian Microfinance Initiative (NMI) Fund III KS, Norway and Oikocredit, came in as new investors in this round whereas Existing… Read more >

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Milk Mantra raises Rs 80 crores in Series C Funding

June 28, 2014 Press Releases

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Odisha-based consumer dairy foods company Milk Mantra has raised series C funding of Rs. 80 crores.  This round of funding was led by Fidelity Growth Partners India along with co-investment from the existing investor, Aavishkaar India II Company Limited. The transaction also provided an exit to most of the angel investors and Aavishkaar India Micro… Read more >

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SKS Microfinance QIP oversubscribed multiple times

May 27, 2014 Press Releases

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SKS Microfinance has said its Rs 400-crore Qualified Institutional Placement (QIP) was oversubscribed multiple times. The QIP, which was launched on May 19, closed on Thursday, a company statement said. Announcing the closure, S Dilli Raj, President, SKS Microfinance Ltd, said the overwhelming response to QIP endorses investors’ confidence in SKS Microfinance Ltd’s turnaround and improved business prospects… Read more >

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NMI Fund III KS invests Rs 28.44 crore in Satin Creditcare Network Limited

April 12, 2014 Press Releases

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New Delhi: Satin Creditcare Network Limited (“SCNL”), the largest North India-based microfinance institution headquartered in Delhi, has announced the successful completion of its recent round of funding to the tune of Rs. 28.44 crore(~ USD 4.7million). The funding has been raised from Norwegian impact investor NMI Fund III KS (“NMI”). Unitus Capital was the sole financial… Read more >

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Neurosynaptic, the leader in Tele-health technologies, announces a strategic investment from e-Zest

February 4, 2014 Press Releases

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Neurosynaptic Communications Pvt. Ltd. (Neurosynaptic), the leader in Telehealth technologies has announced a strategic investment from e-Zest Solutions Ltd. (e-Zest), a global IT services organization focused on emerging technologies. e-Zest has invested in Neurosynaptic to accelerate the company’s growth at a strategic time in the history of the company. Neurosynaptic’s industry-leading ReMeDi™ product remains the… Read more >

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Forus Health Raises Rs 50 crore in Series B funding led by Asian Healthcare Fund

January 8, 2014 Press Releases

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January 8, 2014: Bangalore-based affordable ophthalmic technology and solutions company Forus Health (Forus) has successfully raised Series B funding of Rs 50 crore in a round led by Asian Healthcare Fund. Accel Partners and IDG Ventures India, the existing investors, also participated. Unitus Capital was the sole advisor to Forus for the transaction. Forus was founded… Read more >

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