The economic chaos caused by the COVID-19 pandemic may be the right time for IT companies to consider mergers and acquisitions (M&As), the management commentary emerging from India’s top IT companies, such as TCS...
Boeing, Embraer scrap $4.2 billion deal as jetliner market shrinks
Boeing Co. is walking away from its proposed $4.2 billion combinations with Embraer SA’s commercial-aircraft business, ending years of talks, as the planemakers brace for a far smaller jetliner market after the...
Bira91 raises $30 mn funding led by Sequoia India, Sofina
B9 Beverages Pvt. Ltd, the maker of Bira 91 brand of craft beer, on Saturday said that it has raised $30 million in funding led by its existing investors, Sequoia India and Belgium-based investment firm Sofina. The...
Lockdown delays Bharti Infratel-Indus Towers merger, deal postponed for 4th time
Bharti Infratel on Thursday once again extended the deadline for completion of the company’s merger with Indus Towers, this time as the two parties were unable to close the transaction amid the covid-19 lockdown...
Tata Capital Growth Fund II invests $5 million in SaaS startup Indusface
Tata Capital Private Equity-led Tata Capital Growth Fund II (TCGF II), Thursday said it has invested $5 million in software-as-a-service (SaaS) startup Indusface to help the firm accelerate its global customer...
Paytm to invest ₹5 crore in Rooter Sports Technologies
One97 Communications Ltd, the parent company of Paytm, plans to invest ₹5 crore in sports fan engagement platform, Rooter Sports Technologies, as part of its pre-Series A round, according to two people aware of the deal...
Three private banks pare stake in Yes Bank within 14 days of investing
After mounting an effort to rescue Yes Bank last month, three private sector lenders have already sold part of their stakes between 17 March and 31 March, showed shareholding data from BSE. The highest number of shares...
Two-wheeler marketplace CredR raises debt funding from Stride Ventures
Used two-wheeler marketplace CredR owned by Incredible Technologies Limited has secured an undisclosed round of debt funding from Stride Ventures. Mumbai-based CredR is a consumer-facing marketplace that allows two...
Federal Bank to buy 4% stake in life insurance JV from IDBI Bank
The board of directors of Federal Bank on Tuesday gave in-principle nod to acquire additional stake of up to 4% in the equity capital of IDBI Federal Life Insurance Co Ltd (IFLIC) from the IDBI Bank. Federal Bank...
Fintech platform YAP raises $4.5 million in Series A funding
API fintech platform YAP on Tuesday said that it has raised $4.5 million as a part of its Series A round, led by Singapore-based venture capital firm BEENEXT. 8i Ventures Fund, The DMI Group via its AIF vehicle The...
WhatsApp, Reliance Retail ink pact to boost JioMart
Reliance Retail and WhatsApp have entered into a commercial pact to accelerate Reliance Retail’s JioMart platform by connecting nearby ‘kirana’ shops to customers, enabling home delivery over...
Edtech startup Pariksha raises funding from INSEAD Angels, others
Pune-based edtech startup Pariksha has raised funds in an extension of its pre-Series A round of funding, from a group angel investors, it said Monday. The company did not disclose the amount raised. This round was led...
