Blank-check companies are venturing to far-flung locales such as Brazil, Israel and Turkey to find attractive merger targets these days. Special-purpose acquisition companies, or SPACs, explicitly pursuing companies in...
Foxconn to buy semiconductor manufacturing facility
Foxconn Technology Group, the world’s biggest electronics contract manufacturer, said that it would acquire a semiconductor manufacturing facility, taking the company deeper into the chip business at a time of...
Ixigo buys AbhiBus in cash and stock deal
Le Travenues Technology Limited, which operates travel platform ixigo, on Thursday announced that it has acquired bus ticketing and aggregation platform AbhiBus. The size of the deal has not been disclosed. The slump...
SBI Payments, Hitachi Payment Services partner for e-RUPI
SBI Payments, a joint venture between State Bank of India and Hitachi Payment Services, on Thursday said it has partnered with Hitachi Payment Services to develop the capability to acquire e-RUPI transactions on the...
Zeni raises $34 million in Series B round
Artificial intelligence-powered finance concierge Zeni on Thursday said it has raised $34 million in a Series B funding round led by Elevation Capital with participation from new investors Think Investments and Neeraj...
Rocket Skills raises ₹2.2 crore in pre-seed round led by Better Capital
Edtech startup Rocket Skills has raised ₹2.2 crore in pre-seed funding, led by Better Capital, First Cheque and Titan Capital. The startup is a first-of-its-kind platform building the next generation of entrepreneurs...
Yellow.ai raises $78.15 million
Bengaluru- and San Francisco-based Yellow.ai has raised $78.15 million as part of its Series C round led by WestBridge Capital, Sapphire Ventures, and Salesforce Ventures, it said on Wednesday. Existing investor...
Social investment startup StockGro raises $5 million in Pre-Series A Round
StockGro, a social investment platform, has raised $5 million in a pre-Series A round, led by Roots Ventures and Velo Partners. The Bengaluru-based company will use the funds to grow its user base, hire tech talent, and...
No problem with Carlyle deal: PNB
State-owned Punjab National Bank (PNB) on Tuesday said it never objected to the ₹4,000-crore PNB Housing Finance (PNBHFL)-Carlyle deal, but only asked the housing finance company to follow the directions of the...
M&A activity lost steam as outbound deals surged in H1
Merger and acquisition (M&A) activity slowed in the first half of 2021 in India with inbound M&A deals falling to $14.4 billion from $26.1 billion in the year-ago period, according to a report by PwC. M&A...
Jaipurias sell ₹250 cr stake before Devyani IPO
Ravi Jaipuria, the Delhi-based billionaire promoter of Devyani International Ltd, the largest franchisee of Pizza Hut, KFC, and Costa Coffee in India, and his son Varun Jaipuria have sold Devyani shares worth ₹250 crore...
Mumbai Angels Network and Social Alpha invest in MedPrime Technologies
Mumbai Angels Network on Tuesday announced investment in health tech startup MedPrime Technologies, in a seed round led by Social Alpha. Medprime Technologies focuses on providing digital solutions to the microscopy...
