The government has initiated the process of financial bids for the debt-laden national carrier Air India (AI) on Wednesday as Aviation Minister Jyotiraditya Scindia made it clear that September 15 date for the process...
SC urges company law tribunals to clear IBC cases fast
The Supreme Court on Monday said “judicial delay” was the main reason for the failure of the insolvency regime in India prior to the 2016 Insolvency and Bankruptcy Code (IBC), as it urged company law tribunals to...
Byju’s in talks to acquire US coding company Tynker
Edtech unicorn Byju’s is in late-stage talks to acquire US-based coding platform for kids, Tynker, in a cash-and-stock deal, two people aware of the discussions said, in what would be its ninth acquisition so far this...
Awon GameZ raises $2 million in seed funding
Skill-based gaming platform, Awon GameZ, on Monday said it has raised $2 million as part of its seed funding round from family offices. According to the company, it will be using the fund to scale, expand its product...
Kotak Special Situations Fund invests in TVS Supply Chain Solutions
Kotak Special Situations Fund (KSSF) today announced an investment of ₹1,000 crore to back TVS Supply Chain Solutions Limited (TVS SCS) and promoters of the TVS Family. TVS SCS, a third party logistics (3PL) services...
Air India divestment: Govt exempts TDS/TCS on transfer of assets to SPV
The government has exempted taxes on transfer of assets by Air India to SPV Air India Assets Holding Ltd, a move aimed at facilitating strategic disinvestment of the national carrier. As a precursor to Air India sale...
Freight Tiger raises $6.5 mn led by Mathew Cyriac’s Florintree
Freight Tiger, a digital freight network, on Saturday said it has raised $6.5 million, led by Florintree Infra. The round also saw participation from Oyo founder Ritesh Agarwal’s family office Aroa Ventures, and...
Arvind SmartSpaces raises ₹85 crore from HDFC Capital
Real estate firm Arvind SmartSpaces Ltd (ASL) has raised Rs85 crore from HDFC Capital Affordable Real Estate Fund-1 (H-CARE 1). The board of directors of ASL on Friday approved the allotment of 68.5 lakh equity share...
ONGC is said to eye Woodside stake in Senegal oil field
India’s Oil & Natural Gas Corp. is exploring a purchase of a significant minority stake in the $4 billion-plus Sangomar oil project off the coast of Senegal from Woodside Petroleum Ltd., according to people familiar...
Financial services startup WeRize raises $8 million in Series A funding
Full-stack financial services provider, WeRize, on Wednesday said it has raised $8 million as a part of its Series A funding round, led by 3one4 Capital, Picus Capital, Kalaari Capital, and Orios Ventures. Two-year-old...
Leap raises ₹400 crore in Series C round
Overseas education startup Leap said on Wednesday it has raised $55 million ( ₹400 crore) as a part of a Series C funding round led by Owl Ventures. The round also saw participation from Harvard Management Company, Inc...
ShopUp raises $75 mn from Valar, others
Bangladesh-based business-to-business (B2B) commerce platform ShopUp, which merged with Bengaluru-based online fashion retailer Voonik in February 2020, has raised $75 million in a Series B round of funding led by Peter...
