Join Ventures Private Limited, the company behind gifting platform IGP.com, Interflora India, and a to-be-launched food company Masqa, has raised $23.5 million ( ₹187 crore) in a Series-B round, led by MO Alternate...
Binance and FTX make top bids for bankrupt lender Voyager
Crypto exchanges FTX and Binance have made the leading bids for the assets of bankrupt crypto-lender Voyager Digital Ltd., according to people familiar with the matter, but neither bid has been accepted yet. The current...
KPIT Tech acquires 4 Technica Group companies for ₹640 crore
KPIT Tech on Wednesday announced that its board has approved the acquisition of four of the Technica Group companies with Euro 80 million ( ₹640 crore) fixed consideration to be paid over 6 months. The deal is expected...
EY faces knotty split of its lucrative tax business
Ernst & Young’s tax experts bring in lots of cash and are highly valued by the firm’s clients. Many members of the 70,000 strong group don’t know where they will be working next year, or if they will be competing...
Manipal may acquire AMRI hospital chain
Manipal Group is in advanced talks with Emami Group to buy the latter’s AMRI hospital chain at an enterprise value of around ₹1,500 crore, two people aware of the talks said, adding that a deal is likely to be announced...
MoneyPlanned raises ₹2.5 cr in seed funding led by Inflection Point Ventures
Fintech platform MoneyPlanned has raised over ₹2.5 crore in a seed funding round led by Inflection Point Ventures. The round also saw participation from Expert Dojo, an early-stage startup accelerator, Joseph R Saviano...
Alpha Alternatives raises ₹130 crore
Investment banker Naresh Kothari-owned multi-asset management platform Alpha Alternatives has raised ₹130 crore as equity capital from existing investors and several marquee family offices. This is the second fundraise...
Religare to raise ₹300 cr for health insurance biz
Religare Enterprises Ltd is set to raise ₹300 crore through a rights issue to grow its health insurance business, said Rashmi Saluja, executive chairperson. “REL is committed to fully subscribe to its share as a...
Fairfax India to sell Fairchem Organics stake
Billionaire Prem Watsa-backed Fairfax India Holdings Corp. is looking to sell its majority stake in speciality chemicals manufacturer Fairchem Organics Ltd, three people aware of the development said. A transaction may...
Veranda Learning Solutions to raise ₹300 cr via preferential issue, warrants
Edtech company, Veranda Learning Solutions has received approval for raising ₹300 crore through a mix of preferential issue of equity shares and convertible warrants. Of the total, promoters will infuse ₹61.40 crore...
Everstone Capital acquires controlling stake in Softgel Healthcare
Everstone Capital, the private equity arm of Everstone Group, has acquired a controlling stake in Softgel Healthcare (SHPL), a manufacturer focused on nutraceutical, pharmaceutical and OTC or over-the- counter segments...
Tata Steel to raise ₹2,000 cr through NCDs
Domestic steel maker Tata Steel said its committee of directors decided has approved raising ₹2,000 crore through allotment of non-convertible debentures (NCDs) on a private placement basis. In a filing to the BSE, the...
