Media and e-commerce startup Incut Digital has raised around $4 million as a part of its Series A funding from early stage consumer-centric venture capital fund, RPSG Ventures, backed by RP-Sanjiv Goenka Group. With the...
UiPath raises $225 million Series E funding, valued at $10.2 billion
Robotic Process Automation (RPA) company, UiPath, on Monday announced the closure of its Series E investment round, raising $225 million at a post-money valuation of $10.2 billion led by Alkeon Capital Management...
Mystifly raises $3.3 mn in bridge round, eyes $30 mn for Series B
Mystifly, which offers payment processing and airline inventory management software to both online and offline travel aggregators, has raised $3.3 million in its pre-Series B round led by Japan-based Recruit Holdings Co...
Google to invest $10 bn in India. Here’s what it plans to do
Google said it plans to spend $10 billion over the next five to seven years to help accelerate the adoption of digital technologies in India. Sundar Pichai, who was born in the country and is now chief executive officer...
Alibaba’s Jack Ma sells $9.6 billion worth shares, stake dips to 4.8%
Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.4%, cashing out around $9.6 billion at its current share price, the firm’s annual filing released on...
What does Paytm’s acquisition mean for Raheja QBE’s policyholders?
Paytm-backed QORQL Pvt Ltd is set to acquire general insurance company Raheja QBE for ₹568 crore. The acquisition and transfer process is expected to conclude by 31 March 2021, subject to approval from the Insurance...
Tata group mulls exit from JV with AirAsia as sector faces turbulence
Tata Sons Ltd is plotting an exit from loss-making AirAsia India where it holds a majority stake, said two people with direct knowledge of the matter. Tata Sons, the holding company of the Tata group, has a 51% stake in...
Centre weighs special resolution scheme for bankrupt MSMEs
The government is working on a special resolution plan to rescue bankrupt micro, small and medium enterprises (MSMEs), an official statement said. The corporate affairs ministry is finalizing the plan under the...
BHEL, CRRC, Bharat Industries are among the bidders for Train 18
As many as six companies — state-owned Bharat Heavy Electricals Ltd (BHEL), Bharat Industries, Electrowaves Electronics, Medha Servo Drives, Powernetics Equipment and CRRC Pioneer Electric — have submitted bids for semi...
Rossari Biotech raises ₹148.8 crore from anchor investors ahead of IPO
Speciality chemicals manufacturer, Rossari Biotech Ltd on Friday said that it has raised Rs148.87 crore from anchor investors, ahead of its IPO that opens on 13 July. Institutional investors that participated in the...
China’s PBoC sells HDFC stake
China’s central bank sold some or all of its stake in India’s largest mortgage lender Housing Development Finance Corp Ltd (HDFC) in the June quarter, stock exchange filings show. According to the latest data disclosed...
Flipkart picks up minority stake in Arvind Youth Brand for ₹260 crore
E-commerce marketplace Flipkart on Thursday announced an investment of ₹260 crore to pick up a minority stake in Arvind Fashions recently-formed subsidiary Arvind Youth Brands which owns the Flying Machine brand...
