American private equity (PE) firm Warburg Pincus on Monday said its affiliate Green Fin Investments BV has acquired a majority stake in Parksons Packaging Ltd, it said in a statement. As part of the transaction...
Temasek invests $120 mn in edtech platform upGrad
UpGrad, the edtech platform founded by entrepreneur Ronnie Screwvala, on Monday said it has raised $120 million from Singapore’s Temasek in its first external funding since it was founded six years ago. The Mumbai-based...
Jaypee Infratech insolvency: Financial creditors to meet on Apr 29 to discuss NBCC, Suraksha bids
Financial creditors of debt-ridden Jaypee Infratech will meet on April 29 to discuss the resolution plans submitted by state-owned NBCC and Suraksha group to acquire the realty firm through an insolvency process. In a...
ITC partners Linde India to air freight oxygen cryogenic containers
ITC Ltd on Saturday said it has tied up with Linde India, an industrial gases company, to air freight 24 cryogenic ISO containers of 20 tonne each to help with the transportation of medical oxygen to hospitals which are...
B2B e-com marketplace Beldara raises $7.4 mn from Hindustan Media Ventures
Global business-to-business e-commerce marketplace, Beldara has secured $7.4 million from Hindustan Media Ventures, the investment arm of HT Media Ltd. The startup will look to accelerate its brand presence and add new...
Warburg Pincus buys HDFC’s stake in student hostel company
Baskin Lake Investment Ltd, an affiliate of Warburg Pincus, has acquired HDFC Ltd’s 24.48% stake in Goldman Sachs-backed student housing startup Good Host Spaces for ₹216.18 crore. Following the transaction, Baskin...
DealShare raises Rs70 crore in debt from Alteria Capital
Social commerce startup, Dealshare has raised ₹70 crore in venture debt from Alteria Capital, as it looks to boost its expansion across new markets. The startup, which is reportedly in talks to raise $100 million from...
Instamojo acquihires entertainment startup Showman
Payment provider to small and medium enterprises, Instamojo, on Thursday announced that it has acqui-hired Bengaluru-based virtual theatre and vernacular content platform, Showman. The acquisition will help Instamojo...
Amazon-backed home tech startup SmartRent to go public in over $2 billion SPAC deal
Amazon-backed home technology solutions provider SmartRent.com Inc said on Thursday it had agreed to go public through a merger with a blank-check firm backed by venture capital firm Fifth Wall, valuing the equity of...
Competitive exam preparation platform TargetRBI merges with ixamBee
Online learning platform, ixamBee, on Wednesday announced that it will be merging with competitive exams coaching provider, TargetRBI. Following this merger, ixamBee aims to strengthen its network to position itself as...
‘From collaboration to take over, it took 6 months to reach Byju’s deal’
What started as a collaboration talk with Byju’s ended up as a takeover deal worth $1 billion for Aakash Educational Services, in one of the most expensive deals in India’s burgeoning education space. In an interview...
Morgan Stanley-backed iBus Networks acquires Ubico Networks for Rs100 cr
iBus Networks and Infrastructure Ltd has acquired Ubico Networks from Shyam Group in an all-cash deal, the company said in a statement adding that as per the agreement signed, iBus Group has acquired 100% stake in Ubico...
