Acquisitions in Delhi, India

ChrysCapital is investing up to $100 million in Centre for Sight (CFS), a New Delhi-based eye care chain, through a mix of primary capital infusion and a secondary purchase. The transaction includes ChrysCapital’s purchase of Mahindra Holdings Limited’s entire stake, resulting in ChrysCapital acquiring a significant minority position. The investment is intended to support CFS’s expansion and scaling of eye care delivery across India.

FROM, The Digital Transformation Agency, completed the acquisition of Algoworks to strengthen its software product engineering and design capabilities, including expanded Salesforce development, implementation, and customization services. The deal follows FROM’s partnership with Trivest Partners, supporting the combined company’s ability to scale delivery through Algoworks’ engineering talent base.

TA Associates completed a strategic growth investment in Synokem Pharmaceuticals Ltd., an India-based contract development and manufacturing organization (CDMO). Synokem’s founders will continue as shareholders alongside TA, as the company pursues further growth including potential strategic acquisitions. Financial terms were not disclosed.

upGrad announced the 100% acquisition of corporate training solutions provider Centum Learning in a share-swap transaction. As part of the deal, Bharti Enterprises Limited and its affiliates will join upGrad’s cap table, while Centum will continue to operate independently under the leadership of its managing director and CEO, Sanjay Bahl.

upGrad announced a 100% merger of Harappa Education valued at USD 38 million. The transaction was completed with Harappa’s existing shareholders, including Bodhi Tree Systems and co-founders Pramath Raj Sinha and Shreyasi Singh, who will join upGrad’s cap table. Harappa is a New Delhi-based online learning provider focused on enterprise and employability-oriented courses.