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Sleepwell-parent acquires Kurlon Sleepwell plans to buy about 35% of Furlenco for Rs 300 crore in cash, subject to typical working capital and other adjustments. This puts the Bengaluru-based company's valuation at over Rs 857 crore (more than $100 million). The business also said that it will pay Rs 2,035 crore for a controlling interest (94.66%) in Kurlon Enterprises, which controls the Kurlon brand. Kurlon will be worth roughly Rs 2,150 crore ($260 million) after the transaction. #sleepwell #kurlon #BusinessNews #Furlenco #Entrackr #news https://entrackr.com/2023/07/sleepwell-parent-acquires-kurlon-scoops-up-35-stake-in-furlen

Uber leads $20 Mn round in Everest Fleet Mobility startup Everest Fleet has closed a $20 million funding round led by the global ride hailing major Uber. Before this, the company had raised nearly $8 million in equity capital across three rounds. #Uber #Acquisition #businessnews #BusinessStartupNews #Entrackr #startupfundingindia #startupsnews #funding https://entrackr.com/2023/06/uber-leads-20-mn-round-in-everest-fleet/

Aquaconnect scales up 7.5X to Rs 34.5 Cr in FY22 Fullstack aquaculture startup Aquaconnect has grown at a rapid clip in the last few years that can be witnessed from over 14X jump in its operating scale to Rs 34 crore in FY22 from Rs 2.4 crore in FY20. #Aquaconnect #Acquisition #businessnews #BusinessStartupNews #Entrackr #startupfundingindia #startupsnews #funding https://entrackr.com/2023/06/aquaconnect-scales-up-7-5x-to-rs-34-5-cr-in-fy22/

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