Private sector lender Kotak Mahindra Bank is planning to raise capital, which will help promoter Uday Kotak lower his stake in the institution and comply with Reserve Bank of India (RBI) regulations. As plans stand, the...
Norton acquisition brings TVS Motor face-to-face with Royal Enfield
The acquisition of iconic British motorcycle brand Norton brings the Chennai-based TVS Motor Company Ltd face-to-face with Royal Enfield in the niche category of age-old classic motorcycles not only in India but also in...
Mahindra & Mahindra to raise ₹1,000 crore via NCDs
Mahindra & Mahindra (M&M) on Friday said it will raise up to ₹1,000 crore by issuing securities on private placement basis. “The loans and investment committee at its meeting held on Friday approved...
RIL raises ₹8,500 cr via bonds in two parts
Reliance Industries Ltd (RIL) on Thursday raised ₹8,500 crore through bonds after the Reserve Bank of India decided to provide additional liquidity to banks to fund companies impacted by covid-19. RIL, with a long-term...
Motherson Sumi Systems to raise ₹500 cr by issuing NCDs
In a meeting held earlier today, the board of directors at Motherson Sumi Systems Ltd (MSSL) has approved the issuance of listed, secured, redeemable, non-convertible debentures (NCDs) with an aggregate amount up to...
AI startup Yellow Messenger raises $20 million funding
Bengaluru-based startup Yellow Messenger has announced a $20 million series B round of funding to push adoption of its conversational AI platform in a landscape where enterprise-grade chatbots are more in demand than...
NoBroker raises $30 mn Series D from General Atlantic
Real estate platform NoBroker.com has raised $30 million as part of its Series D funding, in a round led by private equity firm General Atlantic. The company said this is an extension of its Series D funding, as part of...
Edtech startup upGrad earmarks Rs50 crore for acquisitions in FY21
Capitalizing on the surge in online learning, edtech startup upGrad has earmarked around Rs50 crore to acquire three education companies in the segments of online degrees, post graduation and higher education space at...
Fintech startup Setu raises $15 million in Series A funding
Fintech infrastructure startup, Setu recently announced that it has raised $15 million as a part of its Series A funding round, led by Falcon Edge and Lightspeed Venture Partners US along with existing investors...
Bigbasket raises $50 million debt funding from Alibaba
Online grocery platform Bigbasket has raised $50 million debt funding from existing investor Chinese e-commerce giant Alibaba Group Holding Ltd, according to documents sourced from the Registrar of Companies (RoC). As...
Mobile gaming platform EWar Games raises equity funding from angel investors
E-sports and real-time gaming platform EWar Games has raised $200,000 of equity funding from Jindal Steels, a Karnataka-based steel company, and Jeet Banerjee, founder of Gameplan, a Kolkata-based sports management firm...
FarEye raises $25 million in Series D led by Microsoft’s venture fund
FarEye, a logistics SaaS (software-as-a-service) platform, announced a Series D investment of $25 million led by M12 (Microsoft’s venture fund), Eight Roads Ventures and Honeywell Ventures. Existing investor SAIF...
