NCLT approves JSW’s $2.7-bn bid for Bhushan Power & Steel The National Company Law Tribunal (NCLT) has approved billionaire Sajjan Jindal-led JSW Steel Ltd’s offer of $2.7 Bn to buy debt-laden Bhushan Power & Steel Ltd. Read More Data Management Company Commvault Acquires SDS Vendor Hedvig For $225 Mn Data management company Commvault is all…
Gautam Adani-controlled Adani group will acquire Essel’s solar energy projects for $181 Mn Adani Energy Group on August 29 said, it would acquire 10 solar energy assets with a total generating capacity of 205 MW from Essel Green Energy and Essel Infraprojects for $181 Mn. Read More B2B e-commerce marketplace Udaan raises $300 Mn in ongoing Series D…
RBI Will Now Enable E-Mandate For Recurring Payments Up To $279 Mn The Reserve Bank of India (RBI) permitted processing of e-mandate on credit and debit cards for recurring transactions (merchant payments) with a cap of INR 2,000 from September. Read More Grofers receives $70 Mn Series F tranche from Softbank at $567 Mn valuation…
One of the biggest funding this week has been raised by online reseller network Meesho, raising $125 Mn in a round led by Naspers Bnegaluru based Meesho has raised $125 million in a round led by South Africa’s Naspers with participation from Facebook and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway Read More ShareChat raises…
Uber Loss Touches $5.2 Bn, Even As Revenue Remains Stagnant Uber just reported its second quarterly earnings ever as a public company, and that’s a lot of red ink. The ride-hailing giant losing a whopping $5.2 billion in the second quarter as compared to $3.7 Bn in the first quarter of 2019. Read More UrbanClap Inches Closer To Unicorn…
Swiggy To Raise A $750 Mn Funding Food delivery unicorn Swiggy is to raise a $700-$750 Mn funding round led by its existing investor Naspers. Read More Acquiring Flipkart Made Walmart India’s Leading Retailer In 2018, Walmart acquired Flipkart for $16 Bn and the deal has now made Walmart a leading retailer in India. Read More…
Patanjali gets NCLT nod to acquire Ruchi Soya, with conditions The National Company Law Tribunal’s (NCLT) Mumbai Bench has approved Baba Ramdev-led Patanjali Ayurved’s ₹4,350-crore resolution plan for debt-ridden edible oil firm Ruchi Soya, which was kept in abeyance earlier. Read More Blackstone Might Invest $250 Mn In Kishore Biyani’s Future Group With a steady eye…
OYO Launches Workspaces With Acquisition of Innov8 Gurugram-headquartered hospitality unicorn OYO Hotels and Homes has officially announced its vertical expansion into the coworking real estate segment with the launch of OYO Workspaces. Read More eBay Acquires Stake In Paytm Mall To Expand India Presence US-based ecommerce company eBay has announced a strategic partnership with Paytm…
Edtech Unicorn BYJU’S Raises $150 Mn Funding Bengaluru-based edtech unicorn BYJU’S has raised $150 Mn from Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA). This round also includes the participation from Owl Ventures. Read More Hyundai Kona Launch: Automaker Commits $200 Mn To Develop EV Ecosystem In India South Korean automobile company Hyundai has now…
Droom Ready To Raise $250 Mn Ahead Of IPO in 2021 Automobile marketplace Droom has said it’s in the market to raise $250 Mn in a pre-IPO round. The company said it’s in talks with multiple institutional and strategic investors, as well as existing investors. Read More Alternative Energy Firm ReNew Power Raises $300 Mn…
