Content marketplace, Pepper Content, on Tuesday said it has raised $4.2 million as part of its Series A funding, led by Lightspeed India and angel investors across India and the Silicon Valley. These include Beerud...
Electric bike startup Ultraviolette plans to raise up to $75 mn
TVS Motor Company-backed electric motorcycle startup Ultraviolette Automotive plans to raise up to $75 million in the next 12-14 months, across series B and C rounds, three people aware of the plan told Mint. “The...
Speciality chemicals firm SRF Ltd launches ₹750 crore share sale
Speciality Chemicals maker SRF Ltd on Monday launched a so-called qualified institutional placement (QIP) offering to raise as much as Rs750 crore from institutional investors. The company informed stock exchanges that...
Walmart, Flipkart invest $30 million in Ninjacart
US-based retailer Walmart Inc. and Flipkart Group have made an additional investment in Bengaluru-based fresh produce supply startup Ninjacart, the companies said in a joint statement on Monday. According to a person...
AMD said to be in talks to buy rival Xilinx in $30 billion deal
Advanced Micro Devices Inc. is in advanced discussions to buy Xilinx Inc. in a takeover that could be valued at $30 billion, according to people familiar with the matter. The deal could come together as early as next...
Indiabulls sells further stake in Oak North Bank; raises ₹441 cr
Indiabulls Housing Finance Ltd has raised ₹440 crore by selling part of its stake UK based OakNorth Bank Ltd to Riva Capital Partners V, L.P. USA for ₹441 crore. The sale proceeds will be accretive to the regulatory net...
Robotics startup Miko raises ₹23 crore led by Stride Ventures
Robotics start-up Miko raised ₹23 crore in a pre-series B round led by Stride Ventures. Existing investors including Chiratae Ventures, YourNest Venture Capital and a group of angel investors, led by former Nasscom...
IBM seeks to spin off infra services unit
International Business Machines Corp. (IBM) is splitting itself into two public companies, capping a years-long effort by the world’s first big computing firm to diversify away from its legacy businesses to focus on...
Tatas weigh plan to buy SP stake in parts
Tata Sons Ltd may offer as much as $3 billion ( ₹21,900 crore) to buy a part of the Mistry family’s 18.4% stake in the Tata group holding company, two people aware of the matter said. India’s largest conglomerate will...
Delivery app Instacart raises $200 million at $17.7 billion valuation
Delivery startup Instacart on Thursday said it raised $200 million in its latest round, valuing the company at $17.7 billion as it cashes in on a surge in online shopping due to the COVID-19 pandemic. In June, Instacart...
Jet Airways’ lenders to vote on resolution by 16 Oct
Lenders to Jet Airways have time till 16 October to vote on two proposals to revive the stressed airline. The deadline may get extended if banks fail to get internal approvals, according to a person familiar with the...
Lakshmi Vilas Bank says received indicative non-binding offer from Clix Group
Lakshmi Vilas Bank today said it has received an indicative non-binding offer from Clix Group. The struggling private sector bank is desperately looking for capital and is in talks with the Clix Group for a merger...
