ShopClues plans to raise $50 million

ShopClues.com, India’s first and the largest managed marketplace firm, is looking to raise $30-50 million (Rs 180-Rs 300 crore) in private equity (PE) investments. The Gurgaon-based company is understood to have initiated talks with PE players such as Warburg Pincus, SoftBank, Digital Sky Technologies and Goldman Sachs for this round of fund-raising, which is expected […]

Future Group to buy minority stake in footwear company Tresmode

The Kishore Biyani-promoted Future Group  will increase its presence in the retail business by acquiring a significant minority stake in Mumbai-based footwear retail company Tresmode, soon after exiting its non-core businesses. Future Ventures, the group company which invests in emerging businesses, is in advanced talks to buy 25% stake in Tresmode, valuing the footwear retailer at […]

Future Capital exits its subsidiary Myra Mall Management

New Delhi:Future Capital today said it has sold its subsidiary Myra Mall Management Company to Providence Educational Academy for Rs 97.7 crore. The company sold 10 lakh fully paid-up equity shares of Rs 10 to Jaydev Mody owned Providence Educational Academy, Future Capital said in a filing on the BSE. Consequently, Myra Mall has ceased […]