Homegrown short-form video app, Chingari, on Thursday said that it has raised close to $13 million in a funding round led by mobile entertainment company OnMobile. Other investors who participated in this round include...
Easebuzz raises $4 million in seed round of funding
Easebuzz Pvt Ltd, a Mumbai-based payments infrastructure startup, has raised close to $4 million in funding as part of its seed round led by 8i Ventures, Varanium Capital, and Guild Capital. Former Citrus Pay founders...
Tata Consumer Products divests stake in Empirical Group, Southern Tea
Tata Consumer Products Limited (TCPL) on Thursday said its step-down subsidiaries in the US are divesting their entire stakes in Empirical Group LLC and Southern Tea LLC to their joint venture partner Harris Tea Company...
Space tech firm MDA raises $320 million in Canadian IPO miss
Canadian space technology firm MDA Ltd. raised C$400 million ($320 million) in its initial public offering, falling roughly 20% below its targeted amount after selling shares for less than expected. The company, best...
BPCL acquires Oman Oil’s stake in Bharat Oman Refineries Ltd
Bharat Petroleum Corporation Limited (BPCL), the second largest Indian Oil Marketing Company will acquire 36.6% stake from its partner OQ, the national oil company of Oman, in the Bharat Oman Refinery Ltd (BORL) for ₹24...
Piramal Pharma to acquire 100% stake in Hemmo Pharma for ₹775 crore
Piramal Pharma Solutions (PPS) made this third acquisition of FY21 as it entered into an agreement to purchase a 100% stake in Hemmo Pharmaceuticals Pvt. Ltd for ₹775 crore, the companies said in a joint statement on...
Uable raises $3.5 million led by Jafco Asia, Chiratae Ventures
Uable, a life skill development online platform for children, has raised $3.5 million in pre-series A round led by Jafco Asia and Chiratae Ventures. Existing investor 3one4 Capital also participated in the round...
HealthPlix raises $13.5 million led by Lightspeed
Health-tech start-up HealthPlix Technologies has raised $13.5 million as part of its ongoing Series B funding led by Lightspeed, with participation from existing investors JSW Ventures, Kalaari and Chiratae. The startup...
Goldman, Morgan Stanley limit losses with fast sale of Archegos assets
Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent...
Crypto firm Ripple to take 40% stake in Asian payments specialist Tranglo
Crypto firm Ripple Labs Inc. is planning to take a 40% stake in Asian cross-border payments specialist Tranglo. Ripple said in a statement Tuesday that the tie-up will help meet demand for the use of its affiliated...
UK rejects $234 million bailout request for Sanjeev Gupta’s GFG
The UK government rejected a request from Sanjeev Gupta’s GFG Alliance for a 170 million-pound ($234 million) bailout as it struggles to stay afloat following the collapse of its biggest lender. The plea was rebuffed...
UK competition watchdog clears Uber’s Autocab takeover after raising concerns
Britain’s competition watchdog said on Monday it had cleared Uber’s takeover of UK tech firm Autocab after its initial probe found the deal would not affect competition in the country’s taxi booking...
