Online travel company, MakeMyTrip is looking to raise over $75 Mn in fresh funding by selling 3 Mn shares. “The Company is proposing to offer and sell up to 3,000,000 ordinary shares and certain selling shareholders are proposing to offer and sell up to 1,500,000 ordinary shares in an underwritten public offering. The selling shareholders and another shareholder have also granted the underwriters a 30-day option to purchase up to an additional 675,000 ordinary shares,” according to the statement issued by MakeMyTrip.
Citigroup, J.P. Morgan and Deutsche Bank Securities are acting as joint book running managers of the offering.
Online retailer of educational services and learning products, Bookadda which had acquired KoolSkool.in a month back has now integrated it on its platform. According to the company it has now become a comprehensive learning solutions provider, the country’s first marketplace for learning, which covers school, college and advanced education segments and competitive exams, for both academic and professional requirements.
Bookadda was Co-founded by serial entrepreneur Hemant Kohli and technology ace Arjun Mendu Kumar.
Kolkata-based healthcare services startup iKure Techsoft Pvt Ltd, has raised Rs 70 lakh ($114,217) in a seed round of funding led by its exiting investors including Japanese impact investment firm – ARUN LLC, Mumbai Angels and existing angels investors from the Intellecap Impact Investment Network, says reports.
The new round of funding will be used by the company to scale up to 25 centers and also for expanding its operations to Orissa. Since January 2013, it has treated over 8000 patients through 12 RHCs in rural West Bengal.