Norway’s packaged consumer goods firm Orkla said it will purchase a 67.8% stake in Kerala-based spice maker Eastern Condiments Pvt. Ltd and merge it with its existing MTR Foods business to create a larger enterprise...
Voda Idea decides to raise ₹25,000 cr
Vodafone Idea Ltd on Friday said it will raise as much as ₹25,000 crore as the company seeks to pay off dues and restore its financial health after last year’s adverse Supreme Court order threatened its survival. The...
Legal-tech startup Lawyered to raise Rs.7 crore in pre-series funding
Lawyers and legal education aggregating platform, Lawyered Friday said it is seeking to raise Rs. 7 crore in a pre-series funding from investors, days after it concluded an angel investment round. The startup is...
Tata Sons Pvt Ltd buys Tata Motors DVR ‘A’ Ordinary shares for ₹30 crore
Tata Sons Pvt Ltd promoter of Tata Motors bought 5.32 million of its DVR ‘A’ ordinary shares for ₹30 crore in an open market transaction. According to the bulk deal data on NSE, Tata Sons acquired 53,02,681...
Baring India Private Equity Fund III sells 7.36% in Shilpa Medicare for ₹306 crore
Private equity investor Baring India Fund III sold a 7.36% stake in Shilpa Medicare worth ₹306 crore, on Friday, through an open market transaction. As per the bulk deal data on the exchange, 6 million shares or 7.36%...
IndiGo’s plan to raise ₹4,000 cr depends on sales revenue pick-up: CEO
IndiGo’s plan to raise up to ₹4,000 crore through a qualified institutional placement (QIP) depends on the sales revenue pick-up in the coming days, its CEO Ronojoy Dutta said on Friday. “At this point in...
Bosch picks up 26% stake in SUN Mobility
German automotive component manufacturer Bosch has picked up a 26% stake in the Bangalore-based electric vehicle (EV) focused firm SUN Mobility, it said on Friday. In an official statement issued by Bosch, it said its...
Harsha Bhogle picks up stake in online gaming platform Fantasy Akhada
Indian cricket commentator Harsha Bhogle has invested an undisclosed amount in Fantasy Akhada, the fantasy sports platform said Friday. Bhogle will also be the face of the Gurgram-based startup for the next two years...
Railofy raises ₹7 crore from Chirate Ventures
Railofy, a data science startup that provides a travel guarantee to waitlisted or RAC (Reservation Against Cancellation) train passengers, has raised ₹7 crore in seed funding from Chiratae Ventures. Founded by three...
Gaming startup WinZO raises $18 million in Series B funding
Online gaming platform WinZO has raised $18 million (approximately ₹132 crores) in Series B funding round led by Singapore based Makers Fund and US based Courtside Ventures, making it the single largest investment into...
TVS Motor Company invests ₹30 cr in electric vehicle start-up
TVS Motor Company has invested an additional ₹30 crore in electric vehicle start-up Ultraviolette Automotive Pvt Ltd. The Chennai-based firm’s fresh investment is part of Ultraviolette Automotive’s latest...
SoftBank is said to consider bid for TikTok in India: Report
SoftBank Group Corp. is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to people familiar with the matter. Over the past month, the Japanese...
