Two-wheeler shared mobility startup Vogo has raised $11.5 million as an extension of its Series C round from existing investors Lightrock, Kalaari Capital, Matrix Partners and Stellaris Venture Partners. The capital...
Shiprocket raises $27 million in Series C3 funding
New-Delhi-based logistics aggregation platform Shiprocket on Thursday said it has raised $27 million as part of its Series C3 funding round, co-led by Silicon Valley-based venture capital firm, Tribe Capital as well as...
Airtel to buy back 20% stake in DTH arm from Warburg Pincus
Bharti Airtel Ltd said on Wednesday it will buy back US private equity firm Warburg Pincus’ 20% stake in its direct-to-home television unit for ₹3,126 crore. Warburg Pincus had in December 2017 acquired the 20% stake in...
Future’s stress resolution plan hangs in the balance
Lenders to Future Group have not initiated formal talks on a one-time debt recast plan and are instead pinning their hopes on a favourable outcome of the legal battle between the Indian retail chain and Amazon.com Inc...
Google strikes deal with News Corp amid pressure on regulation
Google has agreed to make “significant payments” to Rupert Murdoch’s News Corp. for content, the companies said Wednesday as tech firms face growing pressure to pay for news from an Australian-led...
Adar Poonawalla-led firm makes open offer to buy additional 26% stake in Magma Fincorp
Adar Poonawalla- Rising Sun Holdings Pvt Ltd and two other individuals — Sanjay Chamria and Mayank Poddar — proposed an open offer to purchase an additional 26% stake in Magma Fincorp for over ₹1,391 crore. “The...
TaxiForSure co-founder’s new startup Zolve raises $15 million
TaxiForSure co-founder Raghunandan G’s newest startup Zolve has raised close to $15 million in a seed funding round led by Accel and Lightspeed. The round also saw participation from Blume Ventures and prominent angel...
Nestle agrees to sell US water business for $4.3 billion
Nestle SA agreed to sell its bottled-water business in the U.S. and Canada to private-equity firm One Rock Capital Partners for $4.3 billion, as the food giant continues to revamp its portfolio. The sale to One Rock...
Gibraltar Tech buys HCL arm for ₹147 crore
UAE-based Gibraltar Technologies (GT) has acquired HCL Infotech Ltd, part of India’s HCL group, for 74.6 million dirhams (about ₹147 crore). As part of the deal, the AI-based digital solutions company will absorb the...
Amazon has acquired Australia-based Shopify competitor Selz
Amazon.com Inc. has acquired Selz, a Sydney-based e-commerce platform that helps small businesses create their own websites much the way Shopify Inc. does. Selz founder and Chief Executive Officer Martin Rushe announced...
Unacademy acquires networking platform TapChief
Edtech unicorn Unacademy said it has acquired TapChief for a valuation of ₹100 crore in its sixth acquisition till date. TapChief is a networking and future-of-work platform that enables professionals to learn, network...
Tata group to take $1.3 billion stake in BigBasket: Report
India’s Tata group will buy a 68% stake in online grocery startup BigBasket for about ₹9500 crore ($1.31 billion), television channel ET Now said on Tuesday, citing sources. The salt-to-software conglomerate has...
