Samsung Venture Investment Corporation has invested ₹52 crore in e-commerce start-up Magicpin. The Gurgaon-based company said the funds will be used mainly for business expansion and development of new products...
Delhi HC allows IDBI Trusteeship to sell pledged shares of ZEE, Dish TV
A division bench of Delhi high court has dismissed the appeal against an order allowing IDBI Trusteeship to sell pledged shares of Zee Entertainment and Dish TV. The Essel Group had pledged shares of the two companies...
Jio Platforms raises $4.5 billion from Google
Alphabet Inc.’s Google will invest $4.5 billion in Reliance Industries Ltd’s digital unit, joining a list of global backers, including Facebook, seeking to exploit India’s vast and fast-growing market of internet users...
Arisaig India Fund trims stake in Future Consumer by 2%
Arisaig India Fund Ltd has cut its stake in Future Consumer by 2% by selling 3.84 crore shares in the open market. According to a BSE filing, Arisaig India Fund offloaded 3.84 crore shares, or 2% stake, on July 13...
Unacademy leads a strategic investment of $5 mn in Mastree
Edtech platform Unacademy, backed by Facebook and Sequoia, on Tuesday said that it led a strategic investment of $5 million to acquire a majority stake in Mastree, a leading K12 learning platform. This investment will...
Wipro to acquire Brazil’s IVIA Serviços de Informática for ₹169 crore
IT major Wipro on Tuesday said it has signed an agreement to acquire Brazil-based IVIA Serviços de Informática Ltda for about $22.4 million (about ₹169 crore). IVIA’s local talent and long-standing relationships...
Flipkart raises $1.2 bn in Walmart-led funding at near $25-bn valuation
Indian e-commerce major Flipart Group on Tuesday said it raised additonal $1.2-billion equity from Walmart-led investor group. Post equity round the company’s valuation reached $24.9 billion. The latest equity...
Yatra.com partners with upGrad to enter edutech segment
Online travel company Yatra.com on Tuesday said it has entered into a partnership with upGrad Enterprise, the business-to-business arm of online higher education firm upGrad, to make its foray into the educational...
Google is in advanced talks to invest $4 billion in Jio Platforms
Google is in advanced talks to buy a stake in Reliance Industries Ltd.’s digital arm Jio Platforms Ltd., according to people familiar with the matter. The US technology company has been discussing an investment of about...
Hero Future Energies exploring stake sale
Rahul Munjal-led Hero Future Energies Pvt. Ltd is looking at selling part of its stake in its clean energy business, and has asked HSBC to find a buyer, said two people aware of the development. Abu Dhabi Future Energy...
goDutch raises $1.7 million led by Matrix Partners India
Group payments platform for millennials goDutch on Tuesday raised $1.7 million in seed funding. Matrix Partners India led the round with participation from Y Combinator, Global Founders Capital, Soma Capital...
Lakshmi Vilas Bank in talks with investors to raise ₹1,000 cr more
Less than a month after striking a deal with Aion Capital-backed non-banking financial company (NBFC) Clix Capital Services Pvt. Ltd for fund infusion, Lakshmi Vilas Bank“““ (LVB) chief S. Sundar has...
