Global steel giant ArcelorMittal will acquire Essar Steel for $5.85 Bn The world’s largest steel manufacturing company ArcelorMittal will acquire Essar Steel, which has 10 MT steel manufacturing plants in India, for $5.85 Bn Read More Norwest Venture Partners has closed its 15th fund at $2 Bn The Palo Alto headquartered venture capital firm, Norwest Venture Partners…
Freshworks raises $150 Mn from Google, Sequoia, and Accel Software as a service company Freshworks has raised $150 Mn from technology giant Google and the existing investors, venture capital firms Sequoia and Accel. Read More Tech Mahindra will acquire New York-based Born Group for $95 Mn Software services company Tech Mahindra will acquire New York-headquartered digital agency Born Group for $95 Mn Read…
Abu Dhabi’s Masdar will acquire a minority stake in Hero Group’s clean energy arm Masdar Clean Energy, wholly owned by the Abu Dhabi government’s Mubadala Investment Company, will acquire a minority stake of 20% in the Munjal family-led Hero Group’s clean energy arm for $150 Mn. Read More MX Player has raised $110 mn from Tencent and…
CDPQ to pump in $270 mn more in Piramal Enterprises Caisse de depot et placement du Quebec (CDPQ), one of Canada’s biggest public pension funds, will increase its stakes in Piramal enterprises by investing $270 Mn. Read More US-Based SHL All Set To Acquire HRtech Startup Aspiring Minds For $80 Mn US-based talent evaluation company…
Paytm may raise funds from SoftBank, Ant Financial at $16 Bn valuation Noida-headquartered digital payments company Paytm in the increasingly competitive digital payments space, is looking to raise a fresh funding round of $2 from T Rowe, Alibaba and other existing investors. Read More France’s Total to buy 37.4% stake in Adani Gas for $868 Mn France’s Total,…
Pine Labs Plans To Enter Unicorn Club at a valuation of $1.5 Bn Retail payment and hardware company Pine Labs is planning to raise an undisclosed amount at a valuation of $1.5 Bn from Chinese multinational conglomerate Tencent and global internet giant Naspers, along with its fintech company PayU. Read More Oyo founder Ritesh Agarwal investing $700…
Ant Financial may lead $600 million funding in Zomato Gurugram-headquartered foodtech unicorn Zomato may raise $600 Mn funding from Alibaba Group affiliated Ant Financial Services. Read More India’s Udaan raises $585M to expand its B2B e-commerce platform B2B eCommerce platform Udaan has raised $585 Mn funding led by Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital, and Citi…
Switzerland-based IT security solutions EST Group plans to invest $250 mn into Indian startups in the next 18 months Swiss-based EST Group on Friday said it is planning to invest $250 Mn in the next 18 months into Indian startups that are focused on fintech applications and related business models. Read More Sachin Bansal buys Chaitanya Rural in biggest…
Mobile value-added services firm OnMobile to sell a minority stake to Jump Networks Jump Networks, which provides digital services to low-bandwidth mobile phone users, will acquire an 18% stake in mobile value-added services provider OnMobile Global for $207 Mn. Read More Rana Kapoor family firm pares stake in Yes Bank Morgan Credits, owned by Yes Bank co-founder Rana…
Flipkart Gets $225 Mn Boost Ahead Of Festive Season Sales Walmart-owned Flipkart has received $224.9 Mn infusions from its Singapore-based entity, Flipkart Private Limited. Read More CPPIB Invests $115 Mn In Logistics Unicorn Delhivery Gurugram-based eCommerce logistics startup Delhivery has raised $115 Mn in fresh funding from the Canada Pension Plan Investment Board (CPPIB). Following this…
