LATAM Airlines Group SA filed for U.S. bankruptcy protection on Tuesday, becoming the largest carrier to seek an emergency reorganization amid the coronavirus crisis. Latin America’s largest airline follows rival...
Euler Motors raises ₹20 crore as part of Series A funding
Euler Motors, the automotive technology start-up focused on commercial Electric Vehicles (EVs) said that it has raised INR 20 crore as a part of its ongoing Series A funding led by Inventus Capital India. The other...
PepsiCo ties up with Dunzo to enable last-mile delivery of its food brands
Food and beverages major PepsiCo India on Tuesday said it has tied up with on-demand delivery service platform Dunzo to deliver its products from four food brands at consumers’ doorsteps. The initiative has been...
Ola’s financials services arm raises ₹200 crore, CEO Nitin Gupta quits
Ola Financial Services Pvt Ltd, the financial services arm of cab-hailing platform Ola has raised fresh funding of ₹200 crore from Matrix Partners and Flacon Edge in its on-going funding round, said two people aware of...
IL&FS seeks EoIs for its 26% stake in ONGC Tripura
Infrastructure Leasing and Financial Services (IL&FS) group on Monday sought expressions of interest (EoI) from potential buyers to sell its 26% stake in gas-based power plant ONGC Tripura Power Co. Ltd, as part of...
Ather Energy ties up with scooter rental startup Bounce
In an attempt to explore new ownership model(s), Bangalore-based electric scooter startup Ather Energy has entered into a strategic arrangement with the bike rental platform Bounce. Under the tie-up, customers can buy...
Cloud kitchen Hoi Foods raises $2 million in pre-Series A funding
Cloud kitchen startup, Hoi Foods, on Monday said it has raised $2 million in its pre-Series A funding round. The fundraising was led by 1Crowd, an equity crowd funding platform, and other startups such as Sprout...
CoinDCX raises $2.5 million from Polychain Capital, Coinbase Ventures
Cryptocurrency exchange platform CoinDCX has raised $2.5 million as a part of its strategic funding round led by crypto investment platform – Polychain Capital. Coinbase Ventures, the investment arm of San...
Swiss agri-food investor Pioneering Ventures acquires Lateral Praxis
Switzerland-based agri-food investment firm, Pioneering Ventures, has acquired Lateral Praxis, an Indian agri-tech company, a senior executive told Mint in an interaction. The value of the transaction, however, was not...
Alibaba-backed BigBasket eyes up to $200 million in new fundraise
Online grocer BigBasket is planning to raise around $150-200 million, two people aware of the development said, as the coronavirus outbreak and the nationwide lockdown are expected to boost online grocery sales. Supply...
Jio Platforms sells 2.32% equity stake to KKR for ₹11,367 crore
Reliance Industries Limited (RIL) and Jio Platforms Limited, India’s leading digital services platform, announced today that KKR will invest ₹ 11,367 crore into Jio Platforms. This transaction values Jio Platforms at an...
Insurtech startup Riskcovry raises funding led by Bharat Inclusion Seed Fund
Mumbai-based InsurTech startup, Riskcovry, on Thursday said that it has closed its Pre-Series A round led by Bharat Inclusion Seed Fund, which also saw participation from Varanium Capital and Better Capital. The startup...
