The National Company Law Appellate Tribunal (NCLAT) will hear on 23 March a case filed by Srei group’s bondholders challenging an order by the Kolkata bench of National Company Law Tribunal (NCLT) allowing Srei to skip...
Insurtech startup Symbo Platform raises $9.4 million to scale in India
Symbo Platform Holdings, Singapore-based InsurTech platform said that it has raised $9.4 million led by CreditEase Fintech Investment Fund and San Francisco based investment firm Think Investments, with participation...
Dealshare raises ₹25 crore debt funding from Innoven Capital
E-commerce startup DealShare said it has raised ₹25 crore in debt funding from Innoven Capital. This is the second round of fundraising for DealShare in the last six months, taking the total amount raised by the startup...
Welspun India’s board approves raising up to $100 mn
Home textiles major Welspun India’s board has approved raising up to $100 million (approximately ₹750 crore) in one or more tranches. The board of directors has “approved raising of borrowing of up to a...
Webscale raises $26 million to accelerate e-commerce cloud
E-commerce cloud company Webscale said it has raised $26 million from investors and Silicon Valley Bank. The Series C round was led by BGV, STCAP Ventures and Mohr Davidow Ventures, with participation from Grotech...
Used-phone seller Cashify raises $15 million from Olympus Capital
Cashify, a re-commerce marketplace that sells and buys used smartphones and other electronic gadgets, has raised $15 million from Olympus Capital Asia. Olympus Capital will make the investment through Asia Environmental...
Mytrah Energy explores merger for SPAC listing
Mytrah Energy India Pvt. Ltd is exploring a merger with other green energy firms in India to create a bigger entity ahead of a US listing plan through the special purpose acquisition company (SPAC) route option, said...
Outplay raises $2 mn from Sequoia Capital India’s Surge
Sales engagement platform Outplay has raised $2 million in funding led by Sequoia Capital India’s seed-stage accelerator programme, Surge, the Bengaluru-based startup said. Founders of other cloud and software-as-a...
UBS seeks to raise stake in China joint venture to 67%
UBS Group AG plans to deepen its control over its Chinese securities unit as two of its partners in the venture are seeking to sell their stakes. UBS, which in 2018 became the first foreign bank to win approval for...
PayPal likely to acquire crypto storage startup Curv
PayPal Holdings Inc. is in talks to acquire the startup Curv, which helps companies transfer and store digital currencies. The talks are early and could still fall apart, according to a person familiar with the matter...
Amazon charted out plans to rescue Future
Amazon.com Inc. assembled a team of bluechip investors, including PremjiInvest, TPG Capital, Verlinvest and SSG Capital, to rescue Kishore Biyani’s flailing Future Group in early 2020, two people familiar with the...
Uber spins off robotic delivery unit, takes stake in new startup
Uber Technologies Inc. is spinning out Postmates’ delivery robot operation into a separate startup, marking another chapter in the ride-hailing giant’s attempts to narrow its focus and become profitable. Uber will co...
