Business briefs

Lendingkart borrows Rs 200 cr from Evolutionx * Fintech firm Lendingkart on Tuesday announced that it has borrowed Rs 200 crore from debt financing platform Evolutionx Debt Capital.

This is long-term debt funding, and will be deployed to drive growth, as per a statement.

*** The Executive Centre invests Rs 100 cr * Flexible workspace provider The Executive Centre on Tuesday said it has invested Rs 100 crore in January-June.

It has signed eight new centres and intends to invest and expand more in the second half of the calendar year, a statement said.

*** Bank of India inaugurates Centralised Pool Buy-Out and Co-Lending Cell * State-owned Bank of India on Tuesday said it has inaugurated a Centralised Pool Buy-Out and Co-Lending Cell in Mumbai to boost priority sector lending.

The digital platform and partnerships with non bank lenders will facilitate more beneficial deployment of resources while making credit available to unserved and underserved segments, according to a statement. *** IHCL inks Taj Ganga Kutir Resort & Spa in Raichak in West Bengal * Indian Hotels Company (IHCL) on Tuesday announced the signing of 155-room Taj Ganga Kutir Resort & Spa under the luxurious Taj portfolio in Raichak, West Bengal.

''The introduction of Taj Ganga Kutir Resort & Spa at Raichak will extend our presence in the state and leverage the region's commercial and tourism prospects and will also complement our existing hotels in Kolkata and Darjeeling. This collaboration further strengthens the long-standing association with the esteemed Ambuja Neotia Group with our seventh hotel venture together,'' IHCL Managing Director and Chief Executive Officer Puneet Chhatwal said in a statement.

With the addition of this hotel, IHCL will have 10 hotels across Taj, SeleQtions, Vivanta and Ginger brands across West Bengal, including five under development.

*** Rannkly raises USD 185,000 * Online reputation management platform Rannkly on Tuesday said it has raised USD 185,000 with participation from Riziliant Technologies.

The funds raised in this round will primarily be allocated towards sales and technology development, Rannkly said in a statement.

''With this influx of capital, we are excellently positioned to expedite our growth and broaden our reach in empowering businesses to effectively manage their online reputation. The future brims with thrilling possibilities, and we extend our heartfelt gratitude to our investors for their unwavering trust and support in our vision,'' Rannkly Chief Executive Officer Vishnu Sharma said.