Latest Tarbis Farma News
Jan 4, 2019
Ltd. plans to raise $2 million to further expand its operations while Samunnati Financial Intermediation & Services Pvt. Ltd has raised $5 million in debt funding from Dutch development bank FMO. In the M&A space, Hetero Group has acquired Spain’s Tarbis Farma while Servify has acquired iService, a service and repair startup for smartphones and portable devices. Ltd. plans to raise $2 million to further expand its operations, it announced on Thursday. Klassroom, which is a branded network of coaching classes catering to students from grade 8 to 12 across all streams, had raised $250,000 in a funding round led by Mohan Mechem Projects, Dhaval Patel, Nachiket Dighe and Pramod Dighe in December last year. With that funding, Klassroom said it has already expanded to a network of 120 smart coaching centres and 10 fully controlled flagship centres across Mumbai with a capacity of more than 15,000 students per year. Samunnati raises $5m from FMO Chennai-based Samunnati Financial Intermediation & Services Pvt. Ltd has raised $5 million in debt funding by issuing non-convertible debentures to Dutch development bank FMO , VCCircle reported . FMO made the investment through MASSIF, a Dutch government fund. Samunnati, a non-banking financial company, will use the funds to support farmers with small land holdings as well as agricultural enterprises by financing their working capital requirements, the report added. Hetero acquires Tarbis Farma Hyderabad-based drugmaker Hetero Group on Wednesday said that its European subsidiary Amarox Ltd has acquired Tarbis Farma, SLU , a pharma company operating in Spain, from Grupo Ferrer Internacional S.A. Financial details of the deal were not disclosed. The acquisition provides Hetero with a strong front-end marketing presence, giving Amarox the required commercial infrastructure, product portfolio, manpower and a seamless entry into the retail, hospital and tender business channels in Spain, a company statement said. Servify acquires iService Mumbai-based device management platform Servify on Thursday announced that it has acquired iService , a service and repair startup for smartphones and portable devices, in a cash-and-stock deal. iService founders Ankit Chowdhary and Pratheek Kumar, along with the core tech and product teams, will join Servify, the latter said in a statement. However, iService-branded service centres are not part of the acquisition deal and will operate independently. iService was founded in 2013 and has operations in Bengaluru and Delhi.