Apr 2015
XSEED Education Pte, a Singapore-incorporated K-12 education solutions company, has signed an agreement to acquire the online education and learning management business of Pleolabs, a New Delhi-based education technology startup for an undisclosed amount, the company said in a press release.
The deal is subject to customary closing conditions and is expected to close this month.
As a part of the deal, Kshitij Chopra and Yash Sahay, co-founders of Pleolabs, will be joining XSEED as key members of the core technology product development
Apr 2015
New Delhi: Xseed Education Pte Ltd, a Singapore-based education company, on Tuesday said that it has acquired Pleolabs, a Delhi-based education technology start-up, for an undisclosed amount to expand its India offerings.
India is an interesting market from the school education point of view and education technology will be a key driver, said Anustup Nayak, vice-president, Xseed.
“While Xseed focuses on providing services to improve learning inside the classroom, Pleolabs focuses on outside-the-classroom services like academic
Apr 2015
XSEED Education , a Singapore based K-12 education startup has today announced an agreement to acquire the online education and learning management business of Pleolabs, an Indian education technology startup for an undisclosed valuation.
XSEED Education is an innovative K-12 startup focused on enhancing school learning with high-quality proprietary curriculum, training, and assessment capability. XSEED’s learning programs raise the level of learning in classrooms by integrating well-researched curriculum with ongoing teacher development
Apr 2015
CHENNAI: How would it be to look beautiful, be healthy and feel good with natural, ayurvedic products? Cleansers, toners, moisturisers, hair oils, natural soaps and even incense sticks made from all things ayurvedic au natural are now available at Chennai too.
Nestled in the heart of Warden Road, it is spread across 485 sqft and houses the brand’s bestsellers—everything from its famous Kumkumadi Miraculous Beauty Fluit to its new offerings like the Tulsi Soap.
The shop borrows from Kama’s luxurious aesthetics, evoking a sense of luxe wellbeing with jalousie shutters
Apr 2015
Mid-market private equity firm Lighthouse has part-exited its over four years old investment in Dhanuka Agritech, a public-listed firm involved in the business of agro-chemicals & seeds, with a multi-bagger, it is learnt.
Lighthouse had invested Rs 35 crore in Dhanuka Agritech in late 2010 through a preferential allotment which gave it 8.25 per cent stake. It started selling shares of the firm around a year ago and with the latest tranche early this week has divested a little over half of its stake. In the process it has pocketed around Rs 95 crore, with over 5x in gross returns in local currency.
Jan 2015
MUMBAI : Sanitary ware maker Cera Sanitaryware Ltd on Thursday announced that its board has given its approval to raise Rs.70.6 crore by issuing shares to India 2020 Fund II, the second fund of private equity (PE) investor Lighthouse Advisors India Pvt. Ltd, the firm said in a filing to BSE.
Cera will issue 351,000 equity shares to the fund at a price of Rs.2,011.50 apiece on a preferential basis, the firm said in the filing.
The firm’s board also decided to increase the aggregate limit of foreign institutional investor (FII) holding in the company from 24% to 36%.