Bandhan, a Kolkata-based microfinance institution and Unitus, Inc. partner, today announced that it is now providing life-changing financial services to more than 500,000 of India’s working poor. With about 350 branches across five states - West Bengal, Bihar, Jharkhand, Tripura and Assam - Bandhan has disbursed loans totaling Rs. 413.00 crores, with a portfolio outstanding at Rs. 166.00 crores. Read more
Moet Hennessy Louis Vuitton (LVMH), the world’s leading luxury product group with more than 50 of the world’s largest and oldest luxury brands today announced the appointment of Vispi Patel as their new Group Director, LVMH India. Read more
MIH India (ibibo.com), part of the multi-million dollar media conglomerate, Naspers, today announced a strategic investment into mobile value added services company ACL Wireless. MIH India has picked up 30 percent stake in mobile value added services company ACL Wireless. Read more
Pangea3 LLC, the global leader in legal process outsourcing to corporate in-house counsel and U.S. law firms, announced today that it has closed $7 million in Series C funding, funded by Sequoia Capital India. Sequoia Capital’s investment underscores the significant demand among legal departments and law firms for outsourced legal services as a solution to increasing legal fees. Sumir Chadha, managing director of Sequoia Capital India, will join Pangea3’s board of directors. Read more
