BlackSoil, a venture debt fund, has raised ₹32 crore through non-convertible debentures (NCDs) to complete ₹100 crore of investments in 2020. The three-year NCDs were issued to more than 60 investors on a private...
Udaan raises $280 mn from new and existing investors
Business-to-business e-commerce firm Udaan has raised $280 million from new investors Moonstone Capital Partners and Octahedron Capital, besides existing investors Lightspeed Venture Partners, DST Global, GGV Capital...
EdTech platform Kyt raises $5 million in Series A funding round
Educational technology platform Kyt on Wednesday raised $5 million in a Series A funding round. The investment is led by Alpha Wave Incubation (AWI), a venture fund managed by Falcon Edge Capital. Sequoia Capital...
SIAC constitutes panel for final verdict in Amazon-Future case
Amazon.com NV Investment Holdings LLC and Kishore Biyani-led Future Group are gearing up for the last leg of the proceedings at Singapore International Arbitration Centre (SIAC) over Future Group’s sale of its retail...
Warburg invests $100 mn in boAt
Headphones maker boAt has raised $100 million from private equity firm Warburg Pincus at a valuation of $300 million, a validation of the company’s emergence as a local hero in electronics manufacturing and its growth...
Sale of SAIL’s units may not fill Centre’s coffers
A planned strategic sale of two Steel Authority of India Ltd (SAIL) plants expected to be completed by 31 March will not add to the government’s divestment receipts for this fiscal, a finance ministry official said on...
Amazon was fully aware of talks with Reliance Industries for sale of retail assets: Kishore Biyani
Future Group founder and CEO Kishore Biyani on Tuesday said Amazon was fully aware of his group’s talks with Reliance Industries for the sale of retail assets that followed the US giant offering no concrete help...
WestBridge Ventures exits gaming firm Nazara, sells shares worth over ₹500 cr
WestBridge Ventures II Investment Holdings, a fund managed by WestBridge Capital, has completed its exit from Nazara Technologies Ltd by selling shares worth over ₹500 crore to Plutus Wealth Management Llp and its...
BharatPe to raise up to $200 mn equity funding
BharatPe plans to raise $150-200 million in equity funding and around $500 million of debt, in the biggest fund-raise for the payments and alternative lending startup. The company aims to raise the first tranche of...
Oaktree’s bid for DHFL’s insurance biz faces review
The insurance regulator may conduct a “fit and proper” test on the Indian fund used by US-based Oaktree Capital to hold a 51% stake in Dewan Housing Finance Corp. Ltd’s (DHFL’s) life insurance business if its...
Amazon signs deal to acquire podcast startup Wondery
Tech company Amazon recently revealed that it has signed a deal to acquire podcast production firm Wondery. The move is aimed towards expanding its efforts to provide more offerings to users from its music platform...
KKR to float private InvIT in bid to house renewable assets
Private equity firm KKR is setting up a private infrastructure investment trust (InvIT) to house operating renewable energy assets it aims to acquire in India, said two people aware of the development, requesting...
