Edutech start-up Degreed on Wednesday said it has raised $32 million in a new funding round led by Owl Ventures in response to market demand for upskilling and reskilling amid the coronavirus pandemic. This brings...
Bharti Airtel acquires strategic stake in edtech startup Lattu Media
Bharti Airtel today said that it has acquired a 10% stake in Edtech startup Lattu Media Pvt Ltd (Lattu Kids) as part of the Airtel Startup Accelerator Program. Mumbai-based Lattu Kids specializes in digital learning...
China’s Great Wall Motors set to invest $1 bn, create jobs in Maharashtra
China’s Great Wall Motors Co. Ltd (GWM) has signed a memorandum of understanding with the Maharashtra government, plans to invest $1 billion, or about ₹7,600 crore, to upgrade the manufacturing facility it had acquired...
India Life Sciences Fund invests ₹140 cr in 2 firms
Healthcare services and pharma focused private equity (PE) fund, India Life Sciences Fund III, made two investments worth ₹140 crore in the lockdown period. The PE firm invested ₹70 crore each in ophthalmology hospital...
Ashok Leyland plans to raise ₹200 crore via NCDs
Commercial vehicle manufacturer Ashok Leyland Ltd said that it plans to raise ₹200 crore by issuing non-convertible debentures or NCDs on a private placement basis in one or more tranches. In a regulatory filing on...
LetsTransport raises Rs10 crore from Stride Ventures
Logistics start up LetsTransport on Monday raised ₹10 crore from Stride Ventures, a leading venture debt fund. The start-up will use the funds to scale up their operations and network so as to help streamline urban...
Wipro partners with Microsoft, Citrix on digital workspaces
With the aim of driving business continuity for its customers, IT major Wipro on Friday said it will integrate a host of services offered by Citrix Systems and Microsoft to create high-performance virtual compute...
Uday Kotak not averse to takeover of weak businesses during covid crisis
Newly elected CII president Uday Kotak has said he was not averse to the idea of takeover of weak businesses by financially strong entities as long as it is in the interest of investors. Why should an investor be barred...
BR Shetty’s firm Neopharma may be offered debt recast
Lenders are looking to restructure ₹2,000 crore loans owed by embattled billionaire B.R. Shetty’s Abu Dhabi-based Neopharma Llc., including conversion of some of its debt into equity, a person aware of the matter said...
Tata AutoComp partners Tellus Power Green on EV infrastructure
Tier-one supplier Tata AutoComp Systems Ltd has signed a memorandum of understanding with US-based electric vehicle (EV) charging infrastructure company Tellus Power Green to set up AC and DC fast charging network in...
Kris Gopalakrishnan invests in Myelin Foundry
Myelin Foundry, a Bengaluru-based deep tech startup, on Thursday said that it has raised an undisclosed amount in a fresh round of funding from Kris Gopalakrishnan’s family office, Pratithi. Gopalakrishnan is currently...
Bharti Infratel defers board meet to decide on merger with Indus Towers
Telecom infrastructure company Bharti Infratel said its board meeting, which was slated to be held on Thursday to take final call on merger with Indus Towers, has been rescheduled. “Certain inputs that would have...
