Virtual events platform Airmeet has raised $12 million in Series A funding led by new investors Sequoia Capital India and Redpoint Ventures. Existing investors Accel India, Venture Highway and Global Founders Capital...
APM Terminals Pipavav’s board approves Rs 700 cr expansion plan
APM Terminals Pipavav’s (Gujarat Pipavav Port) board has approved its expansion plan of about Rs 700 crore, which includes improving facilities for handling bigger ships and raising the container capacity to 1.6...
WoodenStreet raises $3 million in Series A funding, eyes global expansion
Jaipur-based online custom furniture platform WoodenStreet has raised $3 million in Series A funding from IAN Fund and existing investor Rajasthan Venture Capital Funds (RVCF). The five-year old startup plans to use the...
Chaayos raises $21.5 mn funds for business expansion, to open 300 cafes
Tea cafe chain Chaayos on Tuesday said it has raised $21.5 million in a mix of equity and debt funding to further expand its business. It said that the company is looking at opening 300 cafes over the next 3-4 years...
Bangkok Bank to buy Indonesian lender for $2.7 billion in overseas expansion
Bangkok Bank Pcl, Thailand’s third-largest lender by assets, said on Thursday it had agreed to buy an 89.1% stake in Indonesia’s PT Bank Permata for about $2.7 billion, in the first major overseas acquisition for a Thai...
Paytm raises a billion dollars at a valuation of $16 bn, plans expansion
In a mega funding round, Paytm, the country’s top financial technology entity, has raised a billion dollars (Rs 7,200 crore), at a valuation of $16 billion, from existing shareholders Ant Financial, Softbank Vision Fund...
Parsley Energy to buy Jagged Peak in $1.62 billion shale expansion
U.S. shale producer Parsley Energy Inc on Monday agreed to buy smaller peer Jagged Peak Energy Inc in an all-stock deal valued at $1.62 billion, adding acreage in an oil-rich part of the top U.S. shale basin. Shares of...
Mahyco’s international arm to raise $20 million from IFC for expansion
The international arm of Maharashtra Hybrid Seed Company Ltd (Mahyco India) is planning to raise $20 million from the International Finance Corporation (IFC). This will be part of the $26 million that Mahyco...
Premier Inn owner Whitbread buys three hotels in German expansion
Britain’s Whitbread Plc said on Monday it bought three independent hotels in Germany for an undisclosed sum, as the company expands in Europe as part of its focus on the hotel business following the sale of its Costa...
Philippines’ Jollibee buying Coffee Bean & Tea Leaf in overseas expansion
Jollibee Foods Corp, Philippines’ largest food service network operator, is buying U.S. brand Coffee Bean & Tea Leaf (CBTL) for $100 million as part of an expansion outside its home market. Jollibee, which has a...
Brazil medical educator Afya plans acquisitions, international expansion
Brazilian medical education group Afya Ltd (AFYA.O) plans to double the number of undergraduate students, to acquire companies and expand internationally, following its initial public offering on Nasdaq, said Chief...
UFO Movies takes over Caravan Talkies for rural expansion
Caravan Talkies, which is owned by UFO Movies through its subsidiary is taking both Bollywood and regional films to the hinterlands of the country where there is no proper cinema hall. The company is also helping brands...