Prime Venture Partners has led a ₹11.3 crore investment round in Sunstone Eduversity, an educational technology (edtech) startup offering higher education programs. LetsVenture, PS1 Ventures, and early stage investor...
US-based Dole Food Co to enter India through tie-up with Future Group
US-based Dole Food Company, which sells fresh and packaged fruits globally, is entering into the Indian market through a tie-up with leading retail firm Future Group by the end of this year. Dole Packaged Foods...
Razorpay to offer ESOP share buyback plan for 400 employees
Payment solutions startup Razorpay on Wednesday announced an employee stock ownership plan (ESOP) buyback for both existing and former employees, who own equity in the startup. The company, however, did not disclose the...
Munjal, Kothari in talks to buy 10% each in Yes Bank
Sunil Munjal, chairman of Hero Corporate Services Ltd, and Hemendra Kothari, veteran investment banker and founder of DSP Group, have held separate talks with Yes Bank Ltd to purchase stakes of 5-10% each in the cash...
Creditors approve sale of IL&FS’ education biz to Career Point
Infrastructure Leasing and Financial Services Ltd on Tuesday said its committee of creditors has approved the sale of its education business Schoolnet India Ltd to Career Point Publications Pvt. Ltd. The committee...
NCLT orders insolvency proceedings against Aviva Life Insurance
The National Company Law Tribunal has ordered to initiate insolvency proceedings against Aviva Life Insurance in a case filed by Apeejay Trust. A two-member bench of NCLT Delhi comprising Justice R D Khare and Sumita...
Aditya Birla Group expects Aleris deal to close by 21 January
Aditya Birla Group’s Novelis Inc., which is facing an anti-trust lawsuit in the US over its acquisition of Aleris Corp., expects to close the deal by 21 January—the outside date under the original merger agreement, said...
OLX Group to invest up to $400 million in online car marketplace Frontier Car Group
OLX Group, the online classifieds business of Prosus, a global consumer internet group and technology investor, will invest up to $400 million in Berlin-based online car marketplace Frontier Car Group (FCG), the company...
Indiabulls Real Estate pares debt through asset sales
Indiabulls Real Estate Ltd (IBREL), which has monetized some of its real estate assets and partially sold promoter stake for around Rs6,500 crore, has managed to substantially reduce its leverage levels and is moving...
Paytm plans to invest ₹500 crore in tech startups
Digital payments firm Paytm on Monday said it plans to invest ₹500 crore in early stage startups that build complementary technologies augmenting the digital ecosystem. The company will focus on artificial intelligence...
Co-living venture Guesture in talks to raise $50 million
Guesture, which provides shared, rental accommodation, is in talks with investors to raise $50 million, as the Bengaluru-based firm plans to expand its presence to other cities, said a top executive. Guesture, which is...
Shareholders ask Fortis to act on IHH open offer
Minority shareholders of Fortis Healthcare Ltd are demanding that the company and its parent IHH Healthcare Bhd make efforts to vacate a Supreme Court stay on an open offer for buying additional shares of the Indian...
