Moneyboxx Finance Ltd (MBFL) on Thursday said that it has raised ₹25 crore in debt from a slew of lenders, including NBFCs and a small finance bank since January 2021. Nine new lenders including AU Small Finance Bank...
Philips sells appliances arm to China’s Hillhouse for 3.7 bn euros
Philips NV will sell its household appliances arm to China’s Hillhouse Capital for 3.7 billion euros ($4.37 billion), the Dutch company said on Thursday, as it focuses on healthcare equipment. Once a sprawling...
Xiaomi to invest ₹100 crore in India over the next two years
Chinese smartphone maker Xiaomi on Thursday said it will invest ₹100 crore in India to double its retail touch points in the country to 30,000 in the next two years. The investment will help retail partners set up and...
Bill Gates-backed Vicarious is in talks to merge with D8 SPAC
Vicarious Surgical, a developer of medical robot technology that’s backed by Microsoft Corp. co-founder Bill Gates, is in talks to go public through a merger with blank check-firm D8 Holdings Corp., according to a...
Jubilant FoodWorks sings deal with US-based restaurant brand Popeyes
Jubilant Foodworks Limited is all to introduce American multinational chain of fried chicken fast food restaurants ‘Popeyes’ to India. The popular Indian food services company “has entered into an...
Mars Wrigley partners ANS Commerce for warehousing, delivery fulfilment
ANS Commerce, an e-commerce enablement start-up, has tied-up with fast-moving consumer goods company Mars Wrigley India to offer tech-enabled warehousing solutions to the confectionery and chocolate maker apart from...
GameStop tumbles after Reddit darling considers share sale
Shares of Reddit-favorite GameStop Corp fell nearly 15% before the bell on Wednesday, after the videogame retailer said it could cash in on a meteoric rise in share price to fund its e-commerce expansion. GameStop has...
ExtraaEdge raises $1 million in pre-series A funding
Pune-based software-as-a-service (SaaS) startup, ExtraaEdge, on Wednesday said it has raised $1 million as a part of its pre-series A round from Pentathlon Ventures. The round also saw participation from other...
Bidgely raises ₹15 crore from IvyCap Ventures
Software-as-a-service startup, Bidgely has raised ₹15 crore, as part of its latest fundraise from IvyCap Ventures, to accelerate its growth in the Indian market. Bidgely uses artificial intelligence techniques to create...
Location-based social network Public App raises Rs300 crore in funding
Location-based social network, Public app, on Wednesday said it has raised an additional Rs300 crore from A91 Partners as a part of its latest funding round, which also saw participation from existing investors. The...
Velocity raises $10.3 million led by Peter Thiel’s Valar Ventures
Fintech startup, Velocity, on Wednesday said it has raised a total of $10.3 million as a part of its seed funding led by US-based Valar Ventures, backed by PayPal co-founder Peter Thiel. This marks Valar Venture’s first...
UiPath acquires Cloud Elements to expand automation capabilities
Enterprise automation software company UiPath has acquired Cloud Elements, an application programming interface (API) integration platform, to expand its API-based automation capabilities. “By making automation...
