Financial services firm Vivriti Capital Wednesday said it has raised $50 million (about ₹350 crore) in Series B funding from LGT Lightstone Aspada. Vivriti Capital runs an online marketplace for mid-market corporates to...
CoreStack raises $8.5 mn led by Naya Ventures
CoreStack, a Seattle and Chennai-based enterprise cloud governance technology startup, has raised $8.5 million in a Series A funding round led by venture capital firm Naya Ventures, with participation from strategic...
Dhoni invests in fintech start-up Khatabook
Khatabook, a business app that helps MSMEs streamline business transactions online, on Tuesday announced a strategic partnership with former India captain M.S. Dhoni. The World Cup winning skipper will not only invest...
Space-tech startup Agnikul raises ₹23.4 cr pre-series A led by pi Ventures
Agnikul Cosmos Pvt Ltd, an IIT-Madras incubated space tech startup developing low-cost satellite launch vehicles, has raised ₹23.4 crore in a pre-series A funding round led by pi Ventures. Hari Kumar, founder and CEO at...
SmartCoin raises funds from LGT Lightstone, others
Bengaluru-based consumer lending startup SmartCoin said it has raised more than $7 million in a Series A funding from LGT Lightstone Aspada and existing investors Unicorn India Ventures and Accion Venture Lab. The...
Gateway Partners to pick up stake in TVS SCS for $100 million
Singapore-based private equity firm Gateway Partners has planned to acquire minority stakes in city-based TVS Group firm TVS Supply Chain Solutions for a deal valued at $100 million. According to a statement from TVS...
Indiabulls Housing Finance moves Bombay HC against RBI, Yes Bank, NSDL, others
Indiabulls Housing Finance Ltd on Monday filed a writ petition in the Bombay high court against the Union of India, Reserve Bank of India (RBI), Yes Bank Ltd, Axis Trustee Services Ltd and the National Securities and...
HDFC to hold 7.97% stake in Yes Bank after infusing ₹1,000 crore
Mortgage lender HDFC will pick up 7.97 per cent stake in Yes Bank for a ₹1,000 crore capital infusion in the cash-strapped lender. On March 14, Yes Bank allotted 100 crore shares of face value of ₹2 each to the...
Antony Waste Handling withdraws ₹206-crore IPO
The ₹206-crore initial public offering (IPO) of Antony Waste Handling Cell Ltd was called off on Monday, the last day of the extended offer period, as panic-stricken investors stayed away from the markets due to the...
Nirmala Sitharaman reviews amalgamation of public sector banks
Finance minister Nirmala Sitharaman on Thursday reviewed the progress on the amalgamation of public sector banks that is expected to come into effect from April 1. “Amalgamating PSBs made a presentation to Hon. FM...
CPPIB looks to buy 35% stake in JM Baxi unit for ₹1,400 crore
Mumbai-based logistics firm JM Baxi is in the final stages of discussions to raise ₹1,400 crore as equity investment from the Canada Pension Plan Investment Board (CPPIB), three people aware of these discussions said...
Tata group’s merger of consumer products biz is a masterstroke
It has been less than 10 months since the Tata group announced a restructuring of its consumer products business under the umbrella of Tata Consumer Products Ltd. The markets, interestingly, have already warmed up to...
