The government has approached the National Company Law Appellate Tribunal seeking additional 270 days to complete resolution process of 105 IL&FS group companies. The Ministry of Corporate Affairs (MCA) has also...
Brick&Bolt raises $1.5 mn from Sequoia Surge
PluckWalk Technologies Pvt Ltd, that runs Brick&Bolt, an e-commerce platform for the construction industry, has raised $1.5 million in a pre-Series A funding round, led by Sequoia India’s scale-up programme, Surge...
Edtech startup Classplus raises $2.5 mn from Blume Ventures, Sequoia
Edtech startup Classplus, which offers mobile operating system (OS) to private coaching centres in India, has raised $2.5 million from Blume Ventures and Sequoia Capital India’s scale-up program Surge. Classplus, which...
HP takeover drama continues as Xerox sweetens offer to about $36 billion
Xerox said Monday it was raising its offer for computer and printer maker HP to some $36 billion as part of an effort to win over shareholders amid a heightened battle for control of the Silicon Valley firm. The new...
Xiaomi invests Rs42 crore in recruitment platform WorkIndia
WorkIndia, a blue-collar recruitment platform, has raised Rs42 crore from Chinese electronics company Xiaomi. Previous investors of WorkIndia who have done multiple investment rounds in the company include Beenext and...
Google-Fitbit merger deal poses test for competition officials eyeing data giants
Google’s plan to buy Fitbit Inc. is running into a wall of antitrust and privacy worries in the U.S., Europe and Australia, where competition officials are increasingly wary of how internet giants can exert control over...
Falcon Edge Capital in talks for $250 million fund focused on India
American hedge fund Falcon Edge Capital, best known in India for investing in Ola and Dailyhunt among others, is in talks to raise a debut India-focused fund of $250 million, said two people aware of the matter...
CitiusTech earmarks $100 million for acquisitions across geographies
Mumbai-based healthcare technology company CitiusTech has earmarked $100 million for potential acquisitions, co-founder and CEO Rizwan Koita said in an interview. CitiusTech, which was acquired by Baring Private Equity...
Fintech startup SuperMoney raises $1 million from Unitus Ventures
Fintech platform SuperMoney has raised $1 million (Rs7 crore) from early-stage investor Unitus Ventures. Unitus Ventures said that the startup plans to use the capital to strengthen its team across technology, business...
IIFL Finance to raise up to $300 mn via bonds
Non-bank lender IIFL Finance Ltd is set to raise up to $300 million by selling dollar bonds, two people said, requesting anonymity. On Wednesday evening, the company informed the stock exchanges about its meetings with...
DMart to follow up QIP with up to $500 mn OFS
Avenue Supermarts Ltd, which runs the popular supermarket chain DMart, will soon launch another share sale that will see the company’s promoter Radhakishan Damani offload more than 2% of his stake in the company, two...
Cognizant acquires EI Technologies, Code Zero Consulting
In a bid to strengthen its Salesforce practice, Nasdaq-listed Cognizant Technology Solutions Corp. has made two strategic acquisitions this week, ahead of its fourth quarter earnings tomorrow. The IT services major on...
