Private equity fund India SME Investments on Thursday said it has invested ₹60 crore, in a mix of equity and debt, in the holding entity of KreditBee. Bengaluru-based fintech lending platform, KreditBee has already...
PE firms, IFC to sell stake in Ocean Sparkle
Private equity firms, International Finance Corp. (IFC) and a clutch of angel investors are selling their 65% stake in Hyderabad-based Ocean Sparkle Ltd, said two people aware of the development. The stake sale by...
OfBusiness in talks with SoftBank for fundraise
OFB Tech, which runs the OfBusiness business-to-business marketplace, is in advanced talks to raise $150 million from Japan’s SoftBank Group Corp., valuing the startup at $1.3 billion, two people aware of the...
Binny Bansal’s xto10x acquires HR-tech startup Dockabl
SaaS-based consultancy xto10x, set up in 2017 by Flipkart co-founder Binny Bansal and former eKart executives Saikiran Krishnamurthy and Neeraj Aggarwal, has acquired human resources tech startup, Dockabl for an...
Urban Company raises $255 mn at a valuation of $2.1 billion
Urban Co. (formerly UrbanClap) on Wednesday said it has raised $255 million at a valuation of $2.1 billion, making the hyperlocal service provider the latest startup to enter India’s unicorn club. The funds raised as...
Accenture to acquire Nell’Armonia, Novetta
Global technology major Accenture said it has entered an agreement to acquire Paris-based technology consulting firm Nell’Armonia to strengthen its position in the enterprise performance management (EPM) market...
Wadhawan moves SC against NCLAT order
Dewan Housing Finance Ltd’s erstwhile promoter Kapil Wadhawan has moved the Supreme Court, challenging the stay order passed by the National Company Law Appellate Tribunal (NCLAT) on his offer to lenders, according to...
Plum raises $15.6 million in Series A funding led by Tiger Global
Group health insurance startup, Plum, has raised $15.6 million as a part of its Series A funding led by Tiger Global with participation from existing investors Sequoia Capital India’s Surge, Tanglin Venture Partners...
Changes in tech landscape, buyouts may drive PE deals
As the Indian private equity industry continues to mature, the country will see more and bigger buyout transactions, a trend that has steadily gathered pace over the last few years. “When we opened our office in India...
Infra.Market acquires majority stake in Sociam Equipment
Marketplace for construction materials, Infra.Market has acquired a majority stake in equipment solutions platform, Sociam Equipment Solutions Pvt. Ltd., for an undisclosed amount. Sociam Equipment, which owns the brand...
Phoenix Mills eyes buyouts, fresh investments for growth
Mall developer Phoenix Mills Ltd (PML), which is closing two funding deals with Singapore’s GIC Pte Ltd and Canada Pension Plan Investment Board (CPP Investments), will look at acquisitions and fresh investments for...
Canara Bank to raise capital amounting up to ₹9,000 crore in 2021-22
The Board of Directors of Canara Bank on Friday approved the bank’s capital raising plan for 2021-22 amounting up to ₹9,000 crore by way of equity and debt instruments. At a meeting, the Board gave its nod to...
