Venture debt fund pioneer Trifecta Capital has raised $130 million (about ₹1,000 crore) from domestic investors for the first close of its maiden late-stage venture capital fund Trifecta Leaders Fund-I. The firm is...
MyGlamm raises ₹355 crore led by Accel
Direct-to-consumer (D2C) beauty brand MyGlamm has closed its Series C funding at ₹530 crore, raising an additional ₹355 crore in a round led by venture capital firm Accel. The round also saw participation from existing...
United Spirits exits HipBar investment
Liquor major United Spirits Limited (USL) has sold its stake in technology start-up Hip Bar Pvt. Ltd, for an estimated ₹52 lakh, three years after investing ₹27 crore in the Chennai-based company that started out as a...
Mamaearth raises $50mn round led by Sofina Ventures
Mamaearth, the toxin-free personal care brand, has closed its latest $50 million round led by Sofina Ventures SA. Existing investor Sequoia Capital India also participated in the round. Along with primary infusion by...
Byju’s buys Great Learning; to invest $1 bn in upskilling, higher education
Edtech unicorn Byju’s, the country’s most valuable startup, has acquired Singapore-headquartered Great Learning, which offers professional upskilling and higher education courses, for $600 million in a cash, stock and...
HC refuses to halt CCI probe against Amazon, Flipkart
The Karnataka High Court (HC) on Friday quashed Amazon India and Flipkart’s appeal against the investigation by antitrust Competition Commission of India (CCI), regarding alleged violations of the competition law. This...
Adani unit raises $300 mn via SLBs
Adani Transmission Ltd’s distribution arm Adani Electricity Mumbai Ltd (AEML) has raised $300 million in sustainability-linked bonds (SLBs) as part of its $2 billion Global Medium-Term Notes programme (GMTN), the firm...
Govt to sell stake in LIC in two stages to avoid market disruption
The government may not initially sell a 10% stake in Life Insurance Corp. of India (LIC) through an initial public offering (IPO), choosing instead to sell 5-6%, followed by a similar second public offering, given the...
Amazon held back facts in Future group deal, says CCI
The Competition Commission of India (CCI) has issued a show-cause notice to Amazon.com Inc., seeking to know why certain facts were not disclosed about its 2019 purchase of a 49% stake in a Future Group entity. The...
Govt eases FDI rules to aid BPCL privatisation: Report
India’s federal cabinet approved plans on Thursday to allow 100% foreign direct investment in state-run oil companies in which a strategic stake sale is announced, a move to help privatisation of Bharat Petroleum...
Dozee raises $6 million in Series A funding
Health-tech startup Dozee, which offers contactless remote monitoring solutions, on Thursday said it has raised $6 million (or roughly ₹44 crore) as part of its Series A funding, led by existing investor Prime Venture...
D2C brand Zouk raises $1.5 million in pre-series A round
Direct-to-consumer (D2C) lifestyle brand, Zou on Wednesday said it has raised $1.5 million (or ₹11.75 crore) as part of its pre-series A round led by Stellaris Venture Partners. The round also saw participation by...
