Social commerce platform Trell has raised $45 million in a Series B round of funding led by financial group Mirae Asset, H&M Group, and co-led by LB Investments. Previous investors, along with KTB Network, Samsung...
Flipkart raises $3.6 billion at $37.6 billion valuation
Flipkart raised $3.6 billion as part of a new funding round led by parent Walmart Inc. and returning investor SoftBank Group Corp., valuing the IPO-bound online retailer at $37.6 billion. Several marquee investors...
IDBI sale: Advisers get more time to bid
The government has extended the deadline for transaction and legal advisors to bid for managing the IDBI Bank strategic sale by 9 days till 22 July. The Department of Investment and Public Asset Management (DIPAM) had...
In a first, state-owned LIC may invest in Zomato’s public offer
In a rare move, state-owned Life Insurance Corp. of India (LIC) is weighing a bid for Zomato’s shares in the online food delivery platform’s initial public offering this week, two people directly aware of the matter...
Rebid plan for RCom assets likely to face legal hurdles
A proposal by lenders to Reliance Communications Ltd (RCom) to seek fresh bids despite selecting UV Asset Reconstruction Co. Ltd’s (UVARCL) resolution plan could lead to prolonged litigation, said three legal experts. A...
Musk under fire again: CEO to testify over Tesla acquisition
In the runup to Tesla Inc.’s 2016 acquisition of a company called SolarCity, Elon Musk hailed the deal as a “no brainer” — a purchase that would combine the leading maker of electric vehicles with a...
Hero Electric raises ₹220 crore from Gulf Islamic Investments and OAKS to fuel next growth phase
Electric vehicle maker Hero Electric Vehicles Pvt. Ltd on Sunday said that it has raised Rs220 crore as the first part of its Series B funding led by Gulf Islamic Investments (GII) along with participation from existing...
LIC’s stake in IDBI Bank to be sold along with Govt’s: DIPAM
LIC’s holding in IDBI Bank would be sold along with the government’s stake in the lender’s disinvestment, but the exact quantum of stake dilution is yet to be decided, the Department of Investment and...
HCL Tech inks five-year strategic partnership with The Mosaic Company
HCL Technologies Ltd said on Friday it has signed a five-year, global agreement to provide digital transformation and managed services to The Mosaic Company, one of the largest producers of phosphate and potash in the...
SoftBank in talks to invest in India’s online pharmacy chain Pharmeasy
SoftBank Group Corp. is in discussions to invest in API Holdings Pvt, which owns India’s largest online pharmacy chain Pharmeasy, according to people familiar with the matter. API is seeking a valuation of at least $5.6...
Construction management app Powerplay raises $5.2 million in funding
Construction management app Powerplay on Friday said it has raised $5.2 million in funding led by Accel Partners and Sequoia Capital India’s accelerator program, Surge. According to the company, it will use the funding...
PayPal Ventures, Bertelsmann lead $41.3 million funding in Shiprocket
Logistics aggregator Shiprocket, that enables shipping for direct-to-consumer (D2C) retailers, has raised $41.3 million in Series D1 funding, co-led by PayPal Ventures, the corporate venture capital arm of American...
