Agritech startup Intello Labs has raised $5.9 million in Series A round led by early stage investor Saama Capital, along with global agritech funds GROW (Singapore) and SVG Ventures THRIVE (US). Existing investors...
Jet Airways insolvency resolution professional seeks fresh bidding
Jet Airways insolvency resolution professional on Wednesday invited fresh expressions of interest (EoI) for the grounded airline. This is the fourth time that EoI has been invited for Jet Airways, which was shuttered...
RIL raises ₹10,060 crore in 3 tranches
Reliance Industries Ltd on Tuesday returned to the debt market for the second time raising a total of ₹10,060 crore through bonds of different tenors. RIL with a long term debt rating of AAA, raised ₹4235 crore for a 3...
Jubilant Life Science inks pact with Gilead to make remdesivir
Jubilant Life Sciences Ltd on Tuesday announced that its subsidiary Jubilant Generics Ltd has entered into a non-exclusive licencing agreement with US-based Gilead Sciences Inc to manufacture and sell the potential...
Ahead of rights issue, RIL tries to sell more bits of Jio
The talks with New York-based private equity firm General Atlantic to sell a 2% stake in Jio Platforms Ltd for ₹10,000 crore are among a series of stake sale initiatives by Reliance Industries Ltd to build confidence...
General Atlantic may invest up to ₹10,000 crore in Jio Platforms
New York-based private equity firm General Atlantic could end up investing around ₹10,000 crore for a 2% stake in Jio Platforms Ltd, a wholly-owned subsidiary of Reliance Industries Ltd (RIL). General Atlantic and RIL...
Shiprocket raises $13 million in Series C from Tribe Capital, two others
Shiprocket has raised $13 million (about ₹100 crore) in its Series C round of funding, the tech-enabled logistics aggregator said on Monday. The round was led by Silicon Valley-based Tribe Capital LLC, Innoven Capital...
Mukesh Ambani’s Jio Platforms may soon see General Atlantic, Saudi Arabia as investors
The Saudi sovereign wealth fund and General Atlantic are among firms exploring investments in billionaire Mukesh Ambani’s digital business, as Asia’s richest man seeks to expand his operations outside oil and...
How GSK-HUL deal has ended up being a win-win for shareholders
When it comes to mergers and acquisitions using share swaps, there can always be a slip between the cup and the lip. For instance, a deal can be struck assuming the acquirer’s shares will trade at a certain value. But...
Ratan Tata picks up stake in 18-year old’s pharma startup
Ratan Tata, chairman emeritus at Tata Sons, on Thursday invested an undisclosed amount in a pharmaceutical start-up Generic Aadhaar, in his personal capacity. The startup is run by 18-year-old Arjun Deshpande, who is...
Kishore Biyani eyes a lifeline from Blackstone
Kishore Biyani’s Future Group has approached private equity (PE) firms, including its existing investor Blackstone, as it tries to reduce debt and keep control of group companies, two people aware of the development...
HDFC to raise ₹5,000 crore via bonds
Mortgage lender HDFC Ltd plans to raise up to ₹5,000 crore by issuing bonds on private placement basis to meet its business requirements. HDFC will issue secured redeemable non-convertible debentures on private...
