Android-based development and operations platform, Esper, on Thursday said that it has raised $30 million as a part of its Series B funding round led by Scale Venture Partners. Existing investors including Madrona...
NextBillion.ai raises $6.25 million in extended Series A round
Spatial data platform, NextBillion.ai, on Thursday said that it has raised an additional $6.25 million, as a part of its extended Series A funding round from Microsoft’s venture fund, M12. The startup had raised close...
Dalmia Power sells 4.47% stake in IEX for Rs487.55 crore
Dalmia Power Ltd on Thursday has sold nearly 4.47% stake in Indian Energy Exchange (IEX) for ₹487.55 crore in a block deal on BSE. According to BSE bulk deal data, Dalmia Power sold nearly 13.4 million shares at an...
ANSR raises $15 million in Series B to expand to newer geographies
ANSR, a consulting firm that helps set up global capability centres (GCCs), has raised $15 million in its series B financing round from Sistema Asia Fund and Evolvence India Fund. In 2015, ANSR had raised series A from...
Spacetech startup Agnikul raises $11 million led by Mayfield India
Agnikul Cosmos Pvt Ltd, an IIT-Madras incubated space tech startup, has raised $11 million in a Series A funding round led by venture capital firm Mayfield India. Mayfield India’s managing partner Vikram Godse will be...
Baring PE Asia sells 5.12% stake in Coforge for Rs1,008 crore
Baring Private Equity Asia (BPEA) on Wednesday sold a 5.12% equity stake in IT services firm Coforge Ltd, aggregating to ₹1008 crore via an open market transaction. Hulst BV, an entity controlled by Baring, sold 31 lakh...
PhonePe to acquire IndusOS for $60 million
Leading payments company PhonePe is close to acquiring homegrown app store IndusOS for $60 million in cash, two people aware of the discussions said. The acquisition will give an exit to IndusOS’s existing investors...
No surge in fresh bankruptcy filings post lifting of one-year IBC ban
Since the year-long Insolvency and Bankruptcy Code (IBC) suspension was lifted on 25 March, India has not witnessed a surge in fresh bankruptcy filings, said experts. This comes as a respite to policymakers battling the...
Dukaan partners Dunzo and Shiprocket for delivery
Dukaan, a start-up that helps local stores sell their products online, on Tuesday announced a partnership with delivery platform Dunzo, and logistics firm Shiprocket to integrate delivery into the platform. Dukaan works...
MarTech Startup Affable.ai raises $2 million in funding
Singapore-based marketing tech startup, Affable.ai on Tuesday said it has raised $2 million from Prime Venture Partners, Decacorn Capital and SGInnovate. According to the company, it will be using the funds to expand...
Adar Poonawalla exits Panacea Biotec; sells entire stake for ₹118 crore
Serum Institute of India CEO Adar Poonawalla on Monday offloaded his entire stake in Panacea Biotec amounting to 5.15 per cent shareholding of the firm for ₹118 crore, through an open market transaction. The shares were...
Actis eyes majority stake in Fortum’s solar projects
Private equity firm Actis Llp is close to buying a majority stake in 500 megawatts of solar projects in India owned by Finland’s state-controlled power utility Fortum Oyj, two people aware of the development said...
