Power2SME, a platform that services the raw material needs of small and medium enterprises (SMEs) in the manufacturing sector, has raised $36 million from its investors Inventus Capital Partners, Accel, Kalaari Capital...
Sixth Sense Ventures in talks to buy stake in Veeba Food Services
Sixth Sense Ventures, an early-stage consumer-sector-focused fund, is in talks to buy a small stake in condiments and sauce company Veeba Food Services Pvt. Ltd, in a deal valuing the company at over $100 million (about...
China Merchants Port to buy 90 percent of Brazilian port operator for $924 million
China Merchants Port Holdings Co Ltd (0144.HK) said on Monday it would buy 90 percent of Brazilian port facilities operator TCP Participações S.A. for HK$7.23 billion ($924 million), as it aims to expand into Latin...
Aahaa Stores raises $1 million in second round of funding
Online office supplies platform Aahaa Stores on Friday announced that it has raised $1 million in the second round of pre-series ‘A’ funding from investor group led by YourNest Angel Fund. Two of the existing investors...
Toyota joins Grab’s $2.5 billion fund raising, unveils tie-up
Toyota Motor Corp’s trading arm became the latest participant in ride-hailing firm Grab’s current financing round that is expected to raise $2.5 billion, led by Chinese peer Didi Chuxing and Japan’s SoftBank Group Corp...
Truce with Ola not a condition for Softbank to invest in Uber
As Softbank explores the opportunity of investing in US ride hailing giant Uber, a truce between its unit in India and rival Ola isn’t an immediate condition the Japanese investor is putting forward, according to...
Quess Corp. looks to raise Rs1,150 crore via institutional placement
Business services firm Quess Corp. Ltd, owned by Thomas Cook India, will raise as much as Rs1,150 crore from institutional investors through an institutional placement programme (IPP), it said in a filing to stock...
IPG Mediabrands rolls out data management platform in tie-up with MediaMath
IPG Mediabrands, one of the top media agency networks in India, has launched a new data management platform (DMP) in partnership with international technology company MediaMath. The DMP will help clients (advertisers)...
Dentsu Aegis Network inks pact to acquire pune digital agency Sokrati
Dentsu Aegis Network (DAN), a multinational media and digital marketing communications company, has signed an agreement to acquire Sokrati, a Pune-head quartered Indian data-driven performance-marketing and analytics...
Microsoft may invest up to $100 mn in Ola parent
Microsoft Corp. could invest $50-100 million (Rs320-640 crore) for a small stake in ANI Technologies Pvt. Ltd, which runs Ola, in a deal that could see the ride-hailing service switch to Microsoft’s Azure cloud platform...
Southeast Asia’s Grab to get $2.5 billion extra firepower in battle with Uber
Southeast Asian ride-hailing service Grab expects to raise $2.5 billion in a record round of fundraising to cement its lead over Uber Technolgies Inc in the region and grow its payments platform. Southeast Asia has...
Uber backers said to discuss stock sale to SoftBank, others
Uber Technologies Inc. shareholders and its board, led by early backer Benchmark, have discussed selling some of their shares to SoftBank Group Corp. and other potential investors, people familiar with the matter said...
