WizKlub, an ed tech startup that builds future skills for school children has raised ₹6 crore in its pre-Series A round, from existing investor Incubate Fund India, bringing the total funds raised to ₹15 crore so far...
Govt considers new panel to quicken privatization of state firms
India is considering setting up a body comprising of independent experts that will take over the role of privatizing state-run companies once the government decides to divest, according to people with knowledge of the...
Edtech startup Eupheus Learning raises $4.1 million from Kuwait-based firms
Edtech startup Eupheus Learning has raised $4.1 million in a Series B funding round, led by Kuwait-based United Education Company (UEC) and Al Rayan Holding Company (ARHC) in which UEC holds a majority stake. Last year...
Wipro Consumer Care’s subsidiary invests in Onelife
Wipro Consumer Care Ventures, the venture capital arm of Wipro Consumer Care and Lighting, has backed consumer healthcare brand Onelife, which sells health and nutrition products, it said on Monday. The development...
Byju’s nears deal to acquire rival Toppr
Edtech unicorn Byju’s is in advanced talks to acquire smaller rival Toppr for $150-160 million, two people familiar with the development said, as consolidation continues in India’s booming online learning sector. Both...
SBI Funds Management to sell off FT assets via segregated platform
SBI Funds Management Pvt. Ltd plans to auction off assets in the frozen six Franklin schemes through a separate ‘one-to-many’ platform, kept away from its fixed income team to avoid conflict of interest, a person with...
Wipro signs 5-year partnership with Telefónica Germany / O2
Information technology firm Wipro Ltd on Monday said it has signed a five-year strategic partnership with O2, the commercial brand of Telefónica Germany, a provider of mobile telecommunications, broadband and landline...
Amazon had asked for $40 mn as compensation for RIL deal: Future Group
Amazon had asked for USD 40 million (around ₹290.41 crore) in compensation from Future Group for the deal with Reliance Industries, and Amazon’s claim of not being informed of the deal is incorrect, documents submitted...
Microsoft, Google, Qualcomm are concerned over Nvidia’s Arm acquisition
American tech giants Microsoft, Google, and Qualcomm have reportedly raised concerns to regulators in the US, EU, UK, and China, over Nvidia’s acquisition of Arm. According to The Verge, the companies have...
Magma Fincorp to seek shareholders nod next month for ₹3,206 crore deal with Adar Poonawalla
Magma Fincorp on Saturday said it is holding an EGM next month to seek shareholders’ approval to the preferential allotment of shares for ₹3,206 crore to Adar Poonawalla-controlled Rising Sun Holdings (RSHPL) to...
TikTok India: ByteDance may sell operations to InMobi’s Glance, says report
China’s ByteDance Ltd. has started exploring a sale of the Indian operations of TikTok to rival unicorn Glance, news agency Bloomberg reported. Japan’s SoftBank Group Corp initiated the discussions, said people...
Shipping Corp disinvestment: Govt extends bid submission deadline to 1 March
The central government on Friday extended the deadline to submit the preliminary bids to buy Shipping Corp of India to 1 March. In December, 2020, the Department of Investment and Public Asset Management (DIPAM) had...
