SoftBank Group Corp. is investing $146 million in Qraft Technologies Inc. to gain access to the money manager’s artificial intelligence tools and help seed the startup’s growth. Qraft, which manages $1.7 billion for...
Zuddl raises $13 mn from Qualcomm Ventures, AWI
Zuddl, an online event and conferencing platform, has raised $13.35 million (around ₹100 crore) as a part of its Series A funding round. The round was led by marquee investors, including DisruptAD-backed Alpha Wave...
IndiaMART acquires 26% stake in EasyEcom, invests ₹13 cr
B2B e-online marketplace IndiaMART on Thursday said it has invested about ₹133.5 million via its wholly-owned subsidiary Tradezeal Online Pvt Ltd to acquire a 26.01 per cent stake in EasyEcom. IndiaMART has agreed to...
Reliance Retail picks 25.8% stake in Dunzo for $200 million
Reliance Industries Ltd’s retail arm has invested $200 million (around ₹1,488 crore) in Bengaluru-headquartered Dunzo as it looks to get a foothold in the country’s rapidly growing market of quick delivery...
Tencent sells roughly $3 billion of its stake in Singapore’s sea
Tencent Holdings Ltd. has cut its stake in a highly valued Southeast Asian internet company, shedding an ownership position that was worth about $3 billion. Tencent, one of the biggest Chinese internet businesses, said...
Delhivery invests in Falcon Autotech
Market-bound logistics company Delhivery has made an undisclosed investment in logistics automation solution provider Falcon Autotech, the company said on Wednesday. According to a company statement, the investment is...
Ad-tech company smartly.io to buy Google-focused firm for over $100 million
Advertising technology provider Smartly.io Solutions Oy said it is buying Ad-Lib.io, a company that offers creative tools for various Google platforms, for more than $100 million, as it seeks to widen its offerings...
Google buys Israeli security startup Siemplify for $500 million: Report
Alphabet Inc-owned Google said on Tuesday its cloud division had acquired Israeli cybersecurity startup Siemplify, as the U.S. tech giant expands its security offerings amid rising cyber attacks. Financial details of...
Mensa buys leather firm Estalon as 15th brand
Brands aggregator Mensa Brands has acquired Kolkata-based leather goods maker, Estalon, for an undisclosed amount, the company said in a statement on Tuesday. The acquisition marks Mensa Brands’ foray into the growing...
Privatization of BPCL may be pushed to next fiscal year
The privatization of state-run Bharat Petroleum Corp. Ltd (BPCL) may be pushed to the next fiscal as the sale process has not progressed at the desired pace, two officials aware of the development said. “The financial...
Reliance becomes promoter in SWREL, holds over 40% stake
Sterling and Wilson Renewable Energy Ltd (SWREL) today said Reliance New Energy Solar Ltd (RNESL) has become its promoter after it paid payment of balance ₹1,583 crore for acquisition 25.90% equity in it. The deal...
Delhi high court to rule on Future Group’s plea today
The Delhi high court will rule on Tuesday on the Future Group’s petition seeking to quash the arbitration proceedings initiated by Amazon in Singapore. In its petition filed on Monday, Future Coupons asked the high...
