Food delivery platform Zomato on Tuesday refuted reports that the company is in talks with Gurugram-based grocery delivery platform Grofers to acquire it for nearly $750 million. Flush with funds, Zomato has partnered...
Motherson Sumi Systems to raise up to ₹1,000 crore to secure liquidity
Motherson Sumi Systems Ltd (MSSL), a leading auto components supplier, said that its board of directors has given an approval to raise up to ₹1,000 crore to secure liquidity while dealing with the global coronavirus...
Gaja Capital puts ₹204 crore in Sachin Bansal’s Navi Technologies
Flipkart co-founder Sachin Bansal’s financial services startup Navi Technologies has raised ₹204 crore in fresh equity capital from Mumbai-based private equity firm Gaja Capital and other ultra-rich individual...
Cipla-backed Wellthy Therapeutics raises $4 million led by Saama Capital
Mumbai-based digital therapeutics startup Wellthy Therapeutics said it has raised $4 million (around ₹30 crore) from Saama Capital, as part of its Pre-Series A round, for a 16% stake in the company. Wellthy Therapeutics...
Location analytics startup Locale.ai raises pre-seed funding from Better Capital
Location analytics startup Locale.ai has raised pre-seed funding in a round led by early stage venture firm Better Capital. Angel investors such as Myntra co-founder Raveen Sastry and Fusion Charts co-founder Pallav...
Fintech lender Capital Float gets $15 million from Amazon, Sequoia
Fintech lender Capital Float on Monday said its existing investors Amazon.com, Ribbit Capital, SAIF Partners and Sequoia Capital have collectively invested $15 million in the company. The lender plans to use the funds...
Aleris acquisition raises concerns over Hindalco’s debt, with profits set to fall
Final clearances to Novelis Inc. for acquiring Aleris Corp. end the overhang over parent Hindalco Industries Ltd’s stock. After a sharp 50% drop so far in 2020, the stock rose 6.6% on Thursday. But the deal may not be...
China central bank raises stake in HDFC
The People’s Bank of China has raised its stake in Housing Development Finance Corp. to just over 1%. China’s central bank held about 17.5 million shares at the end of March, according to quarterly data filed by India’s...
Govt concerned over China’s central bank raising stake in HDFC
The government has taken note of China’s central bank raising its stake in Housing Development Finance Corporation Limited (HDFC), India’s largest mortgage lender, and is unhappy no red flag was raised over it...
Lockdown: Zomato, Zoomcar partner with Godrej for delivery of essentials
FMCG major Godrej Consumer Products Limited (GCPL) on Thursday announced partnership with food delivery app Zomato, B2B supply chain startup ShopKirana and car rental company Zoomcar for delivery of essential goods...
Mobile interactive platform Plop raises undisclosed amount
Mumbai-based mobile interactive platform Plop has raised an undisclosed amount as part of its angel funding round led by Better Capital, Hari Balasubramanian’s EaSyndicate on LetsVenture and other angel investors. Rohit...
Zupee raises $8 million in Series A funding led by Matrix Partners
Online gaming company Zupee on Wednesday said it has raised $8 million in a Series A funding round. Matrix Partners India led the investment round with participation from Falcon Edge Capital, WestCap Group, Orios...
