In Expansion Mode

Aragen secures $100 mn funding from Quadria Capital, plans expansion

Contract research, development and manufacturing organisation Aragen on Monday said it has secured USD 100 million investment from private equity fund Quadria Capital. The investment will result in Quadria acquiring a minority stake in Aragen, at a valuation of around USD 1.4 billion, primarily through a fresh capital infusion, with a small portion from the sale of shares by existing investors, the company said in a statement. The funding will support the company's strategic expansion of its capabilities and infrastructure, enabling it to meet the growing demand for outsourcing services from innovators in the US and Europe, it added. With investment, Quadria joins Goldman Sachs as the second strategic investor in Aragen. "This investment marks a pivotal moment as we scale to meet the needs of a rapidly evolving market, said Manni Kantipudi, CEO, Aragen Life Science. "Our expanded capabilities will allow us to support the rising demand for integrated discovery and manufacturing ...

Premiumisation, retail trends to drive Titan's expansion strategy

Company plans six Helios Luxe stores in FY25, grow them to 35 in two stores

Budget 2024: India Inc awaits consumer demand uptick to go on capex spree

CEOs expect govt capex of Rs 11.11 trillion to boost demand

Disney, Florida Governor end feud with deal on 15-year expansion plan

Under the agreement with the Central Florida Tourism Oversight District, Disney said it would spend at least $8 billion at the resort over a decade with a total of $17 billion invested over 10-20 year

Coworking firm 315Work Avenue aiming to double India portfolio in 18 months

Amid growing demand for flexible office spaces, the company is in 'advanced discussions' to enter Delhi-NCR and Hyderabad markets

Citroen plans to expand network footprint by 400% in India this year

Automaker says it seeks 'aggressive' expansion in the country, announced Rs 2,000 crore investment earlier

Bajaj Finance's B2B segment to add 1,000 cities in the next three years

In Q1 FY24, B2B disbursements were up 37 per cent at Rs 22,625 crore as against Rs 16,502 crore in Q1 FY23. Its AUM stood at Rs 2,70,097 crore at the end of June 2023

CitiusTech Healthcare expands operations to Europe to make delivery model

/ -- CitiusTech Healthcare Technology Pvt. Ltd., a leading provider of healthcare technology services, solutions, and platforms, announced the expansion of its presence to Warsaw, Poland. This strategic move will help CitiusTech expand its global delivery model through its foray into the European market, and further solidify its position in healthcare technology. CitiusTech is committed to providing exceptional healthcare technology solutions to its clients worldwide, and this new office will focus on areas such as digital transformation, product engineering, cloud services, data, and AI. Rajan Kohli, CEO, CitiusTech, said, "We are excited to expand our operations to Poland, a country with a strong talent pool and a growing economy. This expansion will keep us closer to our clients, help us be more agile and bolster our global delivery model to deliver enhanced experience to our current clients. In addition, we are optimistic that this expansion will aid in our efforts to build a ...

IHCL's Ginger brand continues expansion, on track to scale up to 125 hotels

IHCL has traditional hotel brands like Taj, Vivanta, SeleQtions, and new-age ones like Ginger and Ama

Azad Moopen on Aster's India expansion plans and more

In an interview with Business Standard's Sohini Das, Chairman and MD of Aster DM Healthcare, Azad Moopen, shares his expansion plan in India. It will soon open its sixth hospital in Kerala. Listen in

Ronnie Screwvala-led upGrad takes aggressive global expansion route

Partners with Clark University, US, to offer Master's degree in data analytics, IT and project management; appoints Jerry Czub as Vice President-University Partnership, North America

Hostel brands eye young budget travelers, make aggressive expansion plans

The concept of hostels as an alternative accommodation is borrowed from the West and is only a decade old in India, but has been gaining popularity

Omni channel expansion to support Bata India's growth recovery

Well placed vis-a-vis competition given healthy balance sheet

Urban Company crosses $2.1 bn valuation, plans international expansion

Home services startup plans to go to 100 more Indian cities after raising $255 million in funding

Spanish sanitaryware firm Roca plans Rs 50-cr capital expenditure in India

The company will invest about Rs 50 crore in expansion while planning a greenfield project in 2024-25 in India

GoAir bets on ultra-low-cost carrier model to consolidate market position

As the airline sector grapples with the second Covid-19 wave, Wadias-promoted GoAir has set its sights on a major expansion drive in terms of network

Saudi Telecom looking to expand, in talks to buy 55% stake in Voda Egypt

The British-based Vodafone is one of the world's largest cellphone operators and the top provider in Egypt, with over 40 million Egyptian subscribers

In expansion mode

The revenue sharing model may give a new lease of life to FM radio.