Private equity firm Warburg Pincus LLC is looking to raise up to $1.5 billion for its first fund targeting deals in India, two people familiar with the matter told Reuters, betting on a surge in investment opportunities...
Manchester City owners buy majority stake in Mumbai City FC
English Premier League champions Manchester City’s parent company City Football Group on Thursday bought a majority 65 percent stake in Indian Super League franchise Mumbai City FC. News of the acquisition was...
Once bitten, twice prepared: Air India sale needs better scheduling
After the faux pas with the Air India sale process last year, the government is making its second, and final, attempt to find a buyer. Civil aviation minister Hardeep Singh Puri told Parliament on Wednesday: “The...
Govt to divest 100% stake in Air India, says aviation minister Puri
The Centre has decided to divest its entire stake in Air India Ltd and its no-frill subsidiary Air India Express, a year after it failed to attract bids for a partial stake sale in the cash-strapped national carrier...
Govt collects ₹729 cr from sale of 10% stake in RITES
Finance Ministry has collected ₹729.44 crore from divestment of 10% stake, or 2.5 crore equity shares, in its railway engineering consultancy company RITES Ltd through the Offer-For-Sale (OFS) route. “Government...
Just Herbs raises $1.5 million from Roots Ventures, others
Luxury Ayurvedic beauty brand Just Herbs raised a pre-series-A investment of $1.5 million led by Roots Ventures. A clutch of family offices, high net-worth individuals, and corporate executives also participated in the...
Spinny looks to raise fresh funds in round that values it at $150 mn
Online used car retailer Spinny is closing a $50 million funding round with three new investors coming into an oversubscribed round, despite a wide-ranging automobile sales slump in India. The new investors include...
MG Motor India partners Exicom Tele-Systems to re-use batteries for ZS EV
MG Motor India on Tuesday said it has partnered with Exicom Tele-Systems for second-life use of batteries which would be deployed in its upcoming electric model ZS. As part of the partnership, Exicom will re-use...
InMobi’s Glance acquires video platform Roposo to add more vernacular content
Glance, a business unit of Bengaluru-based advertising tech company InMobi Group, on Monday said it has acquired short-video platform Roposo, for an undisclosed amount, to boost its vernacular video content capabilities...
THDCIL, Neepco acquisitions will test energy firm NTPC’s execution prowess
The acquisition of THDC India Ltd (THDCIL) and North Eastern Electric Power Corp. Ltd (Neepco) will not test NTPC Ltd’s financial limits. But the company will have to be careful in integrating these new acquisitions to...
Shuttl raises $18 million in Series C, plans to expand its presence across India
App-based bus aggregator Shuttl on Monday raised $18 million from SPARX Group (through its Mirai Creation Fund II) and Toyota Tsusho Corporation, as part of its Series C round of funding. Shuttl, which has been on an...
Scooter rental startup Vogo eyes $40 million from round led by Aspada, Mirae
Scooter rental startup Vogo is in talks to raise $40 million in an equity funding round led by Lightstone Aspada, along with Korean investor Mirae Asset Management, three people directly aware of the matter said...
