Grapevine: Manipal Tech looking to dilute minority stake; two VCbacked startups shut shop – VC Circle

Grapevine: Manipal Tech looking to dilute minority stake; two VCbacked startups shut shop Premium Credit: 123RF.com Ranjan Pailed Manipal Group s arm Manipal Technologies is set to raise funding by bringing in a new financial partner into the family-owned business, a media report has said, citing multiple people aware of the development. Manipal Tech, reportedly the largest manufacturer of banking and smart cards in India, is planning to ……
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