Edtech unicorn Byju’s has raised ₹2,200 crore in fresh funds, underlining investor faith in India’s most valuable startup despite its widening losses. The latest funding was led by New York-based Oxshott Capital...
Abu Dhabi Wealth Fund ADQ takes 50% stake in IHC’s Eltizam
Abu Dhabi sovereign wealth fund ADQ will take a 50% stake in International Holding Co. unit Eltizam Asset Management. IHC issued shares worth 111.6 million dirhams ($30.4 million) in Eltizam to ADQ as part of the deal...
Paytm Group takes over complete ownership of CreditMate
Digital payments major, Paytm, has now acquired a 100% stake in Urja Money Pvt. Ltd., which provides a loan management system through its proprietary solution, CreditMate. With this, the founders of CreditMate have sold...
Pfizer to sell Upjohn business to Mylan Pharma for ₹180.48 crore
Drug firm Pfizer Ltd on Friday said it has entered into an agreement with Mylan Pharmaceuticals to sell its Upjohn business for ₹180.48 crore. The company has entered into a business transfer agreement with Mylan...
Tata Group makes open offer to buy 26% in Tejas Networks for ₹1,038 cr
Tata Group firms on Friday made open offer to acquire upto 26% stake in domestic telecom gear firm Tejas Networks for around ₹1,038 crore. The offer is part of Tata Group’s bid to acquire a controlling stake in...
More time to seal Future, Reliance deal
Debt-laden Future Group on Friday received a breather to sew up its asset sale to Reliance Retail Ventures Ltd, with the Mukesh Ambani-led company extending the deal’s deadline by six more months. In August 2020...
Renee Cosmetics raises $1.5 million in pre-series A funding
Beauty brand Renee Cosmetics on Friday said it has raised $1.5 million in its pre-series A funding round, led by Equanimity Ventures and 9Unicorns along with Titan Capital. Founded by Aashka Goradia Goble along with...
Merck to buy Acceleron Pharma for $11.5 billion
Merck & Co. has agreed to buy Acceleron Pharma Inc. for $11.5 billion, bolstering the pharmaceutical giant’s rare-disease business. The cash deal values Acceleron at $180 a share, the companies said Thursday. The...
Akamai to acquire Guardicore to help stop ransomware
Akamai Technologies Inc. has entered into a definitive agreement to acquire Tel Aviv-based Guardicore for about $600 million, it said on Thursday. The acquisition is expected to be completed in the fourth quarter of the...
Meesho raises $570 million, valuation doubles to $4.9 billion
Social commerce platform Meesho on Thursday said it has raised $570 million led by Fidelity Management & Research Company and Facebook, Inc. co-founder Eduardo Saverin’s B Capital Group. In five months since the...
Evergrande to raise $1.5 billion by selling bank stake to state-owned firm
A Chinese state-owned enterprise struck a deal to buy most of China Evergrande Group’s stake in a commercial bank for $1.5 billion, the latest sign that the country’s authorities are trying to help the property giant...
Healthtech startup ConnectedH raises $2.3 mn in seed funding
Healthtech startup ConnectedH has raised $2.3 million as a part of its seed funding led by Kalaari Capital and Incubate Fund India, the company said on Wednesday. The funding round also saw participation from Anicut...
