The Supreme Court on Thursday asked the Future Group to halt all proceedings related to its proposed ₹24,713 crore sale of retail assets to Reliance Industries Ltd till the legal dispute with Amazon.com Inc. is decided...
Vayana Network raises ₹283 crore in Series C funding round
Trade financing platform, Vayana Network, on Thursday said it has raised ₹283 crore in Series C funding round from new and existing investors, including Chiratae Ventures, CDC group, Jungle Ventures, March Capital, and...
CA Grameen expects NCLT approval for Madura merger in couple of quarters
Microfinance institution CreditAccess Grameen (CA Grameen) expects to receive NCLT approval for its acquisition of Chennai-based Madura Microfinance Ltd in another couple of quarters, its managing director and chief...
Wakefit.co raises ₹200 cr from SIG, others at a valuation of ₹2,800 cr
Home and sleep solutions D2C company Wakefit.co on Thursday said it has raised ₹200 crore (about $28 million) in Series C funding round, led by SIG – taking the company’s valuation to over ₹2,800 crore...
Discoms under IBC ambit, govt clarifies
Insolvency and Bankruptcy Code (IBC) provisions are “fully applicable” to state-run electricity distribution companies, and the corporate insolvency resolution process (CIRP) can be initiated against them, the...
DoorDash to buy Finland food-delivery startup in deal valued above $8 billion
DoorDash Inc. said it has agreed to acquire European food-delivery company Wolt Enterprises Oy in an all-stock deal valued at over $8 billion. The deal marks the latest merger in the highly competitive food-delivery...
Zomato announces investments in Curefit, Magicpin and Shiprocket
Online food delivery giant Zomato Ltd on Wednesday announced a slew of agreements to scale up its business, while it also released quarterly earnings update for the July-September period. The company said it is in the...
Unnati raises ₹60 crore in Series A funding
Fintech-driven agriculture service platform, Unnati Agri on Wednesday said it has raised ₹60 crore in a Series A funding round from Incofin Investment Management, NabVentures, and Orios. According to the company, it...
Kedaara acquires majority stake in Great Software Lab
Private equity firm Kedaara has acquired a majority stake in Great Software Laboratory Pvt. Ltd. (GS Lab), a digital product engineering services company based in Pune, at an undisclosed amount. GS Lab, which has grown...
General Electric to split into three public companies
General Electric Co. said it will split into three public companies, breaking apart the more than century-old company that was once a symbol of American manufacturing might and has struggled in recent years. The plan is...
Mosaic Wellness raises $24 million led by Sequoia Capital
Health and wellness startup Mosaic Wellness, that runs digital health clinic platforms Manmatters and Bodywise, has raised $24 million in a Series A funding round, led by Sequoia Capital India. Existing investors...
NCLT stays investors’ meet at Future Group
A company court restrained Future Group from calling shareholders’ meetings to seek approval for its proposed ₹24,713 crore asset sale to Reliance Industries Ltd, in a legal setback for the cash-strapped group...
