Bengaluru-based wealth management platform, Groww on Thursday said that it has raised $30 million in Series C funding, led by Y Combinator’s growth stage fund, YC Continuity. The round also saw participation from...
Zerodha’s Rainmatter invests in online learning startup QShala
Online learning platform for children QShala has raised ₹2.7 crore in angel funding, led by Zerodha-backed start-up incubator and fund Rainmatter Capital. The funding round also saw participation from other notable...
Indiabulls Housing Fin looks to raise ₹735 crore via QIP
Mortgage financier Indiabulls Housing Finance Ltd has launched a qualified institutional placement (QIP) offering to raise funds from institutional investors, the company said in a stock exchange filing on Wednesday...
Fitch says BPCL privatisation is ‘event risk’ due to little info
Fitch Ratings on Wednesday said the potential privatisation of BPCL is an “event risk” as there is little information about bidders and potential transaction structure. The rating agency affirmed Bharat...
VC firm Mayfield sells 5.81% of Tejas Networks for ₹36 crore
Venture capital investor Mayfield XII Mauritius sold 5.81% stake in Tejas Networks worth ₹36 crore through an open market transaction. As per the bulk deal data on the exchanges, 5.37 million shares or 5.81% of equity...
CCEA nod to divest Power Grid Corp’s transmission assets
The Cabinet Committee on Economic Affairs (CCEA) on Tuesday gave its approval to plans to monetize state-run Power Grid Corp. of India Ltd’s (PGCIL) transmission projects that were won through a bidding process. As part...
Reliance unveils details of oil-to-chemical business spinoff plan
Reliance Industries Ltd’s new oil-to-chemical business unit will hold its oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such as KG-D6 and textiles...
Govt to raise ₹907 crore via stake sale in BDL
The Union government is looking to dilute its stake in another defence manufacturer, Bharat Dynamics Ltd (BDL), following the ₹5,020 crore share sale in Hindustan Aeronautics Ltd (HAL) last month. On Monday, BDL...
BluSmart raises $7 million in pre-series A funding
Delhi NCR-based all-electric ride-hailing platform BluSmart Mobility Pvt Ltd has raised $7 million or ₹51 crore in pre-series A funding from multiple investors including Inflection Point Ventures, Venture Catalysts...
TikTok’s sale may run into tech hurdles
Technology transfer curbs and the rise of rival platforms could make any acquisition of TikTok India a tough affair, two industry experts said. On Thursday, Mint reported that SoftBank, a minority stakeholder in...
Vodafone Idea’s fundraising to drive down promoter holding
Promoters of Vodafone Idea Ltd are staring at a sharp erosion of their shareholding if the telco’s fundraising plans bear fruit, given the company’s relatively low market value. The cash-strapped firm has tapped several...
RIL to spin off oil to chemicals biz
Reliance Industries Ltd on Sunday released details related to carving out its oil-to-chemicals business into a separate entity, six months after it first announced the proposal as a precursor to a stake sale. According...
