Shubham Housing Development Finance Co. Ltd, backed by billionaire Azim Premji’s investment firm PremjiInvest, is planning to raise funds for growth capital and help its early backers exit, two people aware of the...
Facebook, General Atlantic lead $110 mn round in Unacademy
Education technology startup Unacademy has raised a $110-million Series E round from new investors Facebook and General Atlantic, besides Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures...
SaaS startup Whatfix raises $32 million led by Sequoia
Whatfix, a startup which helps companies adopt digital solutions said on Wednesday that it has raised a Series-C round of $32 million led by Sequoia Capital India, indicating increased investor interest in the software...
Infosys inks deal with GE Appliances
Infosys on Tuesday said it has entered into a long-term strategic partnership with GE Appliance, a Haier company, to streamline the latter’s IT operations. As an IT services partner, Infosys will help GE...
MaxWholesale raises $3 mn Series A from IAN Fund, Al Falaj Investment
MaxWholesale, a business to business e-commerce platform for kirana stores to source online inventory has raised $3 million in a Series A round led by venture capital fund IAN Fund-I and Al Falaj Investment Company, an...
Second time lucky: Liberty House acquires Adhunik Metaliks in cash deal
In an all-cash deal, Sanjeev Gupta-led Gupta Family Group (GFG) Alliance, which owns Liberty House, has acquired bankrupt Adhunik Metaliks and Zion Steel for ₹425 crore ($60 million) under the Insolvency and Bankruptcy...
DHFL receives interest from at least 15 bidders
At least 15 suitors have shown interest in acquiring troubled mortgage financier Dewan Housing Finance Corp. Ltd (DHFL) under the bankruptcy process before the deadline for submission of expressions of interest (EoIs)...
LIC, IDBI Bank deny reports of merger between LIC Housing Finance and the bank
Life Insurance Corporation of India (LIC) and public sector lender IDBI Bank on Monday denied news reports of merging LIC Housing Finance with the bank. “This refers to the news item published in the Business...
Karvy plans stake sale to honour client payouts
Karvy Stock Broking Ltd, which is under regulatory scrutiny for alleged misuse of client securities and failing to honour investor payouts, is in active talks to sell stake to meet a shortfall in dues to banks and...
Cyrus Mistry files appeal in Supreme Court; says his family deserved more relief from NCLAT
Less than a month after the Supreme Court stayed an order reinstating him as Tata Sons chairman, Cyrus Mistry has moved the apex court seeking removal of many anomalies in the NCLAT order, saying his family deserved...
Carbon Clean raises funds in fresh round
Clean technology startup Carbon Clean Solutions Ltd (CCSL) on Tuesday said it has raised $16 million in an equity funding round from WAVE Equity Partners, Chevron Technology Ventures (CTV) and Marubeni Corporation. WAVE...
Onsitego raises $19 million from Zodius, Accel
After-sales service firm Onsitego on Monday said it has raised $19 million led by Zodius Growth Fund with participation from existing investor, Accel Partners. The fund will be used to pivot to a more business-to...
