Hyderabad-based MTAR Technologies raised ₹179 crore from 15 anchor investors a day prior to its issue opening for public bidding. The company informed the bourses that it has allocated 3.11 million shares at Rs. 575 per...
Greensill Capital eyeing insolvency protection in Australia: Report
Troubled supply chain finance firm Greensill Capital is seeking insolvency protection in Australia, the Financial Times reported on Tuesday, after Credit Suisse suspended $10 billion of funds linked to the London-based...
Convenience store chain AMPM raises ₹16 mn from Agility Venture Partners
Haryana-based convenience store chain AMPM has raised ₹16 million from Agility Venture Partners, the company said in a statement on Tuesday. Currently, the chain has a limited play in the state with AMPM present only in...
Drone startup ideaForge raises ₹15 crore from BlackSoil
ideaForge, a homegrown unmanned aerial vehicles (UAVs) manufacturer backed by US-based WRVI Capital and leading companies like Qualcomm and Infosys, has raised ₹15 crore from venture debt firm BlackSoil. The funds will...
Apna.co raises $12.5 million led by Sequoia, Greenoaks Capital
Apna.co, a vertical professional networking platform on Tuesday said that it has raised $12.5 million led by Sequoia Capital India and Greenoaks Capital. Existing investors, Lightspeed India and Rocketship.VC also...
Srei bondholders appeal NCLT moratorium order
Srei group’s bondholders have moved the National Company Law Appellate Tribunal (NCLAT) challenging an order by the Kolkata bench of the National Company Law Tribunal (NCLT) allowing Srei to skip repayments between 1...
PTT Group and ReNew Power deal is called off
The proposed deal for Thailand’s energy major PTT Group buying a stake in ReNew Power Ventures Pvt. Ltd has been called off, said two people aware of the development. This comes against the backdrop of ReNew Power...
Rocket Lab nears deal to merge with Vector SPAC
Space-transportation startup Rocket Lab USA Inc. is nearing an agreement to go public by merging with a special-purpose acquisition company, as a wave of such deals rolls on. Rocket Lab is in talks with Vector...
ImaginXP raises $1.5 million led by Venture Catalysts
ImaginXP, an edu-tech enterprise, said it has raised $1.5 million, led by Venture Catalysts along with co-investors Shashank Deshpande, Krish Kupathil, Samyakth Capital, among others. Pune-based ImaginXP helps...
SHV, NIIF look to buy stake in Fourth Partner Energy
Netherlands’ SHV Energy and India’s quasi-sovereign wealth fund National Investment and Infrastructure Fund (NIIF) are separately looking to buy a stake in Hyderabad-based Fourth Partner Energy (4PEL) for about $150...
IIFL and Axis Securities win bids to acquire Karvy accounts
Brokerage firms IIFL Securities and Axis Securities will acquire the accounts of Karvy Stock Broking after winning the bids conducted by exchanges and depositories. While IIFL will get the demat accounts of Karvy with...
Apple partner Foxconn to form EV partnership with Fisker
Foxconn Technology Group will develop an electric vehicle with Fisker Inc., part of the manufacturer’s efforts to boost its automotive capabilities at a time when technology companies including its main customer Apple...
