Furlenco, a subscription-based online rental furniture rental startup, has raised $140 million ( ₹1,000 crore) led by Zinnia Global Fund, in a mix of debt ( ₹850 crore) and equity ( ₹150 crores). Existing investors...
Cash-laden companies are on a mergers and acquisitions spree
Businesses spent $1.74 trillion on mergers and acquisitions involving U.S. companies during the first six months of the year—the highest amount in more than four decades—as finance chiefs tapped into cheap funding...
Amazon’s green fund invests in ION Energy
Amazon’s Climate Pledge Fund has made its first investment in India through energy-tech startup ION Energy and participated as a part of the startup’s Pre-Series A round worth $3.6 million. Amazon was joined by Silicon...
France’s Assystem acquires Indian infra consultancy firm for 22 mln euros
French engineering group Assystem S.A. has acquired Mumbai-based engineering consultancy firm STUP Consultants Pvt. Ltd, Assystem said in a statement on Thursday. The Euronext Paris-listed company has bought a 99% stake...
HDFC Ltd acquires 8.42% stake in Ansal Housing
Mortgage lender Housing Development Finance Corporation (HDFC) Ltd has acquired an 8.42% stake in Ansal Housing Limited by invoking pledged shares of the company following loan repayment default. “…we would like...
Edtech firm Nalanda Learning raises ₹40 cr from Aavishkaar Capital
Kolkata-based edtech venture Nalanda Learning Systems Pvt. Ltd has raised ₹40 crore from impact investor Aavishkaar Capital, the company said in a statement on Wednesday. Nalanda Learning is a preschool education...
CredR raises over ₹48 crore led by Yamaha Motors
Incredible Technologies Private Limited, which operates CredR, has raised ₹48.1 crore (approx. $6.5 million), as a part of its latest funding round led by Yamaha Motors, and existing investors Omidyar Network India and...
Fourth Partner Energy raises $125 mn from Norfund and TPG Capital’s RISE Fund
Norway’s state-owned Norfund and TPG Capital’s RISE Fund have invested $100 million and $25 million respectively in Hyderabad-based Fourth Partner Energy (4PEL). Fourth Partner Energy focuses on commercial and...
Detect Technologies raises $12 million in funding led by Accel
Enterprise software startup Detect Technologies on Wednesday said it raised $12 million in a fresh round of funding led by Accel. The round also saw participation from existing investors Elevation Capital, Bharat...
Airblack raises $5.2 million co-led by Info Edge Ventures and Elevation Capital
Online makeup and beauty learning platform Airblack on Tuesday said that it has raised $5.2 million as a part of its Series A round co-led by Info Edge Ventures and Elevation Capital. The round also saw participation...
Suba Group acquires leisure hospitality chain 1589 Hotels
Mumbai-based hospitality firm, the Suba Group, which operates in the mid-tier segment, has acquired a controlling stake in the leisure budget hospitality chain, 1589 Hotels. The development highlights the consolidation...
Quizizz raises $31.5 million from Tiger Global, Yahoo’s Yang
Education startup Quizizz has raised $31.5 million as a part of its ongoing Series B round led by US investment firm Tiger Global Management, as it continues to draw investor interest towards alternative models of...
