Nirmata, the software solutions provider for governance, compliance, security, and automation of production Kubernetes workloads and clusters, has raised $4.0 million in pre-series A funding led by Z5 Capital...
Pickrr raises $12 million in Series B round led by IIFL, Amicus Capital
Pickrr, a SaaS-based logistics startup, on Wednesday raised $12 million ( ₹85 Crore) in a Series B round led by IIFL, Amicus Capital, and Ananta Capital. Existing investors Omidyar Network India and Guild Capital also...
PNB Housing Finance plans ₹35,000 cr debt capital as Carlyle deal hangs fire
PNB Housing Finance on Wednesday said that it is seeking shareholders’ nod to raise further funds via issue of non-convertible debentures worth up to ₹35,000 crore amid facing legal hurdles in the Carlyle group...
L&T to divest entire stake in hydroelectric power project to Renew Power
Larsen & Toubro on Wednesday announced the divestment of 100% stake in the 3 x 33 MW (99 MW) run of the river hydroelectric power plant owned by its subsidiary L&T Uttaranchal Hydropower Limited (LTUHPL) to...
Burmans to sell 25% stake in Aviva Life
The billionaire Burman family is set to pare its stake and give up control of a life insurance joint venture with UK’s Aviva Plc as part of its strategy to raise capital for the core consumer goods business, two people...
Whatfix acquires Nittio to expand its portfolio
Software-as-a-service (SaaS)-based digital adoption platform, Whatfix made its second acquisition on Tuesday and acquired learning management system Nittio Learn. The company’s acquisition comes just two months after...
Raise Financial Services acquires Moneylicious Securities
Serial entrepreneur Pravin Jadhav’s newest startup Raise Financial Services on Tuesday said that it has acquired Mumbai-based stock broker Moneylicious Securities. As a part of the acquisition, Raise will be absorbing...
SC scraps Amazon, Flipkart petitions on antitrust probe
The Supreme Court on Monday refused to stay an antitrust probe against e-commerce giants Amazon India and Flipkart, observing that the firms must submit themselves to an inquiry by the Competition Commission of India...
Amazon draws up blueprint to bail out Future group
Amazon.com Inc. is preparing a bailout plan for cash-strapped Future Retail if the Singapore International Arbitration Centre (SIAC) rules against a planned takeover of the Indian retail chain by Reliance Industries Ltd...
NewQuest, TR Capital look to invest in KFC operator Sapphire
NewQuest Capital Partners and TR Capital are in advanced talks to invest in Sapphire Foods India Pvt. Ltd, one of the largest franchisees of Yum! Brands, and Pizza Hut in the country, a person directly aware of the...
SC gets plea on Videocon deal verdict
Anil Agarwal-controlled Twin Star Technologies Ltd has appealed in the Supreme Court against the National Company Appellate Tribunal’s (NCLAT) stay restraining the takeover of Videocon Industries, in a new twist to the...
RIL subsidiary invests Rs20 crore in startup Neolync
Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has invested ₹20 crores in equity shares of Neolync Solutions Private Limited (Neolync). A further...
