Edtech platform for tutors, Classplus, has raised $65 million as a part of its Series C round led by US investment firm, Tiger Global Management. GSV Ventures, along with existing investors Alpha Wave Incubation (AWI)...
GoMechanic raises $42 million led by Tiger Global
Car workshop and auto spare parts platform, GoMechanic, on Wednesday said it has raised $42 million as a part of its Series C funding led by Tiger Global Management. Existing investors Sequoia Capital India, Orios...
Access PE exits investment in adult diaper maker Nobel Hygiene with 8x returns
Access India Fund and its co-investors (Access PE) on Wednesday said it has exited its entire stake in adult diaper maker Nobel Hygiene, with 8 times returns on its investment. The stake was picked up by Quadria...
Minda Industries forays in Uzbekistan, to buy 51% stake in UZ Chasys
Auto components maker Minda Industries on Tuesday said it will acquire 51 per cent stake in Uzbekistan-based automotive lighting manufacture UZ Chasys for around ₹58 crore. The company has won the bid to acquire a 51...
Skillmatics raises $6 million in Series A funding
Direct-to-consumer (D2C) brand Skillmatics, which offers educational products and games for children, has raised $6 million as a part of its Series A funding round led by Sequoia Capital India. The Jalaj Dani Family...
JPMorgan invests in mortgage clearinghouse
JPMorgan Chase & Co. is redoubling efforts to revive a type of mortgage that largely died out after the last financial crisis. The bank is reinvesting in an electronic clearinghouse for “private-label“ mortgages...
Kumar Mangalam Birla says won’t buy firms with global supply chains
Indian billionaire Kumar Mangalam Birla, who oversees the $46 billion Aditya Birla Group spread across 36 countries, is no longer keen to acquire any firm with a globally diversified supply chain as protectionism and...
Govt invites bids to appoint advisers for IDBI Bank sell-off
The government on Tuesday invited proposals to appoint legal and transaction advisers for the strategic disinvestment of IDBI Bank Ltd, boosting efforts to meet its ambitious ₹1.75 trillion disinvestment target for this...
Amazon could be forced to sell logistics business under proposed bill
Amazon.com Inc. could be forced to sell its valuable logistics services division — the network of warehouses and delivery hubs around the country that power quick delivery of online orders — under antitrust...
KKR buys $625 million stake in Vini
KKR & Co. agreed to buy a controlling stake in Vini Cosmetics, the owner of the Fogg brand of deodorants, from the founders and Sequoia Capital for $625 million, betting that Indian consumers will continue to spend...
Muthoot Fincorp acquires 54% stake in Paymatrix
Gold loan company Muthoot Fincorp has picked up 54 per cent stake in Hyderabad-based fintech startup Paymatrix by buying out existing investors as part of its added focus on digital payments segment. “We now hold...
Cadila Healthcare and Bayer to extend JV partnership for three years
Cadila Healthcare and Bayer (South East Asia) on Monday said that they have decided to extend the operations of their joint venture by three years with effect from June. The companies had entered into an agreement on...
