Shares of Affle (India) on Monday surged 9% following news of acquisition of mobile advertising tech firm – Mediasmart Mobile S.L. At 1125 am, the stock was up 6.4% at ₹1,909.85 on the BSE, while the benchmark...
Online car retailer Spinny raises $43.7 mn from Nandan Nilekani’s VC firm
Online used car retailer Spinny has raised $43.7 million ( ₹315 crore) in its Series B round led by Infosys chairman Nandan Nilekani’s venture capital fund, Fundamentum Partnership, which invests in mid-stage technology...
Religare Enterprises acquires 14.36% stake in RFL from PE investors
Religare Enterprises on Saturday said it has acquired additional 14.36 per cent stake in Religare Finvest Ltd (RFL) from private equity investors. Post the acquisition, RFL has become a wholly-owned subsidiary of the...
Axis Bank looks to raise its stake in Max Life
Axis Bank Ltd is looking to raise its stake in Max Life Insurance Co. Ltd by buying an additional 17.9% stake, two people aware of the matter said, requesting anonymity. The potential deal will be made in two parts with...
SMEcorner raises $30 mn led by Paragon Partners, others
SMEcorner, which lends to micro, small and medium enterprises (MSMEs), has raised $30 million through a mix of equity and debt, a senior company executive said. This marked the close of its Series B funding round which...
M&M to consolidate its shared mobility business
Mahindra & Mahindra Ltd (M&M) plans to bring all the cab aggregator businesses, the company has invested in, under its newly constituted shared mobility vertical, a senior company executive told Mint on Saturday...
DHFL gets initial bids from Hero Fincorp, Deutsche Bank, Piramal, 21 others
Dewan Housing Finance Corp Ltd (DHFL) has received expressions of interest from 24 potential investors, including Deutsche Bank AG, Hero Fincorp Ltd and Piramal Enterprises Ltd, said a person aware of the development...
Sourav Ganguly-backed Flickstree raises $3 mn led by Samsung Venture Investment
Mumbai-based digital video curation platform Flickstree has raised $3 million in a Series A funding round led by Samsung Venture Investment Corp. LionRock Capital, Accretio Investments, angel investor L. D. Sharma...
Freshworks acquires US-based AI startup AnsweriQ
Software-as-a-service (SaaS) unicorn Freshworks Inc. has acquired US-based artificial intelligence (AI) startup AnsweriQ Inc. for an undisclosed amount. Freshworks said that AnsweriQ complements its own AI engine...
Blackstone proceeds to acquire Coffee Day’s tech park in Bangalore
Blackstone Group Inc. has proceeded with the acquisition of Coffee Day Enterprises Ltd.’s technology park as it is set to pay the first tranche of ₹150 crore ($21 million) as soon as Wednesday, people familiar with the...
Ummeed Housing Finance raises funds led by Morgan Stanley PE
Ummeed Housing Finance Pvt. Ltd has raised ₹164 crore in a Series D equity round led by a fund managed by Morgan Stanley Private Equity Asia. Existing investor LGT Lightstone Aspada, the India-focused impact investment...
Cookie brand Sweetish House Mafia raises Rs12 crore from Adar Poonawalla
Mumbai-headquartered cookie brand Sweetish House Mafia has raised Rs12 crore in pre-series A funding from investor Adar Poonawalla, CEO of vaccine manufacturer Serum Institute of India. The company said it will use the...
