India’s Tata Sons is buying the country’s national carrier Air India, returning the airline to its founders and ending a decades-long struggle by the government to unload the money-losing venture. Tata Sons, a holding...
Ishitva raises over $1 million in Pre-Series A funding
Robotics startup Ishitva has raised over $1 million as part of its Pre-Series A round, led by Inflection Point Ventures, the company said on Friday. The funds raised will be deployed to grow sales and expand Ishitva’s...
New rules to aid bankruptcy resolution
Rule changes that the Insolvency and Bankruptcy Board of India (IBBI) introduced last week are set to bring greater regulatory oversight into the conduct of lenders deciding on the rescue of bankrupt companies and speed...
Blackstone to acquire VFS Global
Global private equity major Blackstone on Thursday said it has signed a definitive agreement with EQT Private Equity and the Kuoni and Hugentobler Foundation (KHF) to acquire a majority stake in visa processing company...
Veritas raises ₹500 cr from Norwest, others
Veritas Finance Pvt. Ltd, a non-banking finance company (NBFC) focused on lending to micro, small, medium enterprise (MSME) with presence in eight states on Thursday said that it has raised Rs440 crore of primary...
Twin Health raises $140 mn for expansion
Healthtech startup, Twin Health, Thursday said it has raised $140 million (roughly ₹1000 crore) in Series C funding from Sequoia Capital India, ICONIQ Capital, Perceptive Advisors, Corner Ventures, LTS Investments...
Rakesh Jhunjhunwala-backed company raises ₹315 cr from marquee investors
Nazara Technologies informed the stock exchanges that it has raised ₹315 crore from marquee investors via preferential allotment of fresh equity. The company will issue 14,29,266 equity shares of face value of ₹4 each...
CCI approves Carlyle’s $3 bn Hexaware bid
The Competition Commission of India (CCI) on Tuesday approved global private equity firm Carlyle Group’s bid to acquire Baring Private Equity Asia’s (BPEA) Indian portfolio Hexaware Technologies. The deal is...
Ola buys GeoSpoc to boost real-time mapping prowess
ANI Technologies Ltd, the parent of Ola Cabs, said on Tuesday it has acquired geo-analytics technology platform GeoSpoc for an undisclosed sum as it looks to enhance geospatial services and capabilities. The acquisition...
Sunstone Eduversity raises $28 million
Higher learning startup Sunstone Eduversity has raised $28 million as part of its Series B funding round led by WestBridge Capital. The round also saw participation from existing investors Saama Capital and Alteria...
Chalo raises $40 million in Series C funding
Public transport technology startup Chalo on Tuesday said it has raised $40 million in its Series C funding round led by Lightrock India and Filter Capital. The round also saw participation from existing investors...
Udaan looks to raise ₹4,000 cr to fund growth
B2B marketplace Udaan is set to raise as much as ₹4,000 crore to fund expansion as more retailers and wholesalers embrace digital commerce, two people directly aware of the plan said. Udaan is likely to close the...
