Business-to-business (B2B) manufacturing platform Zetwerk has raised $120 million ( ₹880 crore) in a Series D round led by US-based Greenoaks Capital and Lightspeed Venture Partners. Sequoia Capital India and Kae...
Uber to buy alcohol delivery startup Drizly for $1.1 billion
Uber Technologies Inc. agreed to acquire Drizly Inc., which makes an on-demand alcohol delivery app, for $1.1 billion, beating out at least two rival companies that held talks with the startup. The deal is Uber’s...
Tata Consumer Products to buy maker of Soulfull cereals
Tata Consumer Products Ltd (TCPL) on Tuesday said it has signed a definitive agreement to acquire a 100% stake in Kottaram Agro Foods—the maker of Soulfull brand of breakfast cereals and millet-based snacks. The company...
JSW Energy pulls out of Ind-Bharat acquisition
JSW Energy has decided to terminate its resolution plans to take over the stressed thermal power asset Ind-Bharat Energy (Utkal), according to an exchange notification from the company on Tuesday. The company said that...
MediBuddy raises $40 million in Series B funding
Digital healthcare platform MediBuddy on Tuesday said that it has closed its Series B funding at $40 million led by India Life Sciences Fund III, LLC, along with participation from other investors. The company had...
Govt may kickstart privatization exercise with two small PSU lenders
The government is likely to kickstart privatization in the banking sector with stake sales in two small state-run banks, Punjab and Sind Bank and Bank of Maharashtra, according to analysts. Delivering her budget speech...
Tata Steel to continue separation of European activities
Tata Steel’s European works council on Friday said it expected the separation of Tata Steel’s Dutch and British operations to continue, despite Swedish steelmaker SSAB’s decision to halt talks over the...
IndiGo opts to raise funds via SLB route
India’s largest domestic airline IndiGo has scotched plans to raise funds through a qualified institutional placement (QIP), opting instead to raise money through sale and leaseback (SLB) transactions and other...
SSAB exits talks to buy Tata Steel unit
Swedish steelmaker SSAB has called off talks with Tata Steel Ltd for a possible acquisition of the Indian company’s IJmuiden steel mill in the Netherlands. SSAB said in a public statement on Friday that the “synergies...
23andMe in talks to go public via Branson SPAC
Consumer DNA-testing company 23andMe Inc. is in talks to go public through a roughly $4 billion deal with VG Acquisition Corp., a special purpose acquisition company founded by billionaire Richard Branson, according to...
Shapoorji Pallonji Real Estate to invest Rs4,000 cr on new project in Pune
Shapoorji Pallonji Real Estate on Thursday said it will invest around ₹4,000 crore to develop a large mixed-use project in Pune as part of its expansion plan. Shapoorji Pallonji Real Estate, which is the realty arm of...
India likely to announce the sale of IDBI Bank, stake in LIC: Report
India’s government plans to announce the sale of a 10% to 15% stake in state-run Life Insurance Corp, the country’s biggest insurer, in next week’s federal budget, as part of a privatisation push to...
