A surging Indian business sector is shattering longstanding industry norms. In pharma, two Indian companies are in the bidding for a large German pharmaceutical (thanks, Sindhya):
The country’s largest pharmaceutical company, Ranbaxy Laboratories Ltd, is believed to have put in a bid of €500 million (approximately Rs 2,800 crore) for Germany’s fourth largest generic company, Betapharm… This is €50 million more than the bid of €450 million made by Dr Reddy’s Laboratories…
Industry analysts said it was for the first time that two Indian companies had emerged front-runners for a high-value overseas pharmaceutical company. If the deal materialises, it would be the largest ever overseas acquisition by an Indian company in the pharmaceutical space. [Link]
In Bombay, a matrimonial site is rumored to have been funded by one of Silicon Valley’s toniest VCs, Kleiner Perkins (via Om):
InfoEdge, which owns which owns some of India’s hottest Internet properties including the largest job portal Naukri.com… and matrimonial site Jeevan Sathi has got funding from KPCB and Ram Shriram of Sherpalo Ventures. InfoEdge did $10 million last year with profits of $1.8M. [Link]









