As both houses of Parliament convened for a joint session to launch the goods and services tax (GST), with Union finance minister Arun Jaitley’s speech reminiscent of Jawaharlal Nehru’s “India’s tryst with destiny”, India heralded the onset of what is undoubtedly the biggest tax reform in its history. Truly, this is another tryst with destiny—one…
WeWork may shell out $1.9 bn to take control of Embassy-backed Indian affiliate WeWork is in talks to buy around 70% of WeWork India at a valuation of about $2.75 billion, said the report. Read More OYO in tallks to raise $1 Bn at doubled valuation of $10 Bn OYO Rooms is in talks with…
Ola Plans To Raise An Additional $300 Mn As Part Of Series J Round Cab hailing giant Ola’s parent company, ANI Technologies, has proposed to increase its authorised capital to include an additional number of Series-J shares. This move indicates the company’s intentions to raise an additional $300 Mn as a part of its ongoing funding…
Softbank may invest $2-3 Billion in Reliance Jio Japanese conglomerate SoftBank is reportedly looking to invest around $2 Bn to $3 Bn in Mukesh Ambani led Reliance Jio through the $100 Bn Vision Fund. Read More Piramal plans to merge three Shriram entities; mulls exit Piramal Group plans to merge all three entities of Shriram…
Despite TikTok Scrutiny, ByteDance To Invest $1 Bn In India ByteDance’s TikTok app was removed from Google Play Store and Apple App Store in India, but ByteDance remains bullish on the Indian market. The Chinese social networking company is now planning to invest $1 Bn in its India operations. Read More Cred Raising $100 Mn…
PayU acquires Accel-backed digital payments firm Wibmo for $70 mn Online payment company PayU, a subsidiary of South African media and e-commerce group Naspers, has acquired digital payments firm Wibmo Inc. for $70 Mn. Read More IFC plans to arrange $103 mn loans for Visakha Container Terminal International Finance Corporation (IFC), the World Bank’s private-sector investment…
Xiaomi and Shunwei are investing $7 Mn in bus tracking app ChaloThe investment arm of Xiaomi, Shunwei Capital had raised a $1.21 Bn fund in November last year, promising a significant chunk, approx $1 Bn to be invested in India. The first startup to get a piece of this cake is Chalo.com.Read More Logistics Unicorn BlackBuck…
With 45 Mn MAUs, Google Pay hit $81 Bn annualised transaction run rate in March Google’s UPI-based payment app Google Pay has seen remarkable growth since its 18 months of launch in India. Escalating on the back of UPI growth, Google Pay has hit $81 billion annualised transaction run-rate in March. Read More Paytm Valuation To…
Ahead Of IPL, Flipkart’s PhonePe Receives $107.6 Mn Cash Infusion Flipkart owned online payment company PhonePe has raised $107.6 Mn from its Singapore-based parent entity PhonePe Pvt Ltd, formerly known as Flipkart Payments. Read More Xiaomi Bets Big On India Play With Latest Infusion Of $507 Mn This week one of the biggest fundings came to…
Amazon-Backed Acko Raises Fresh $65 Mn In Series C From Binny Bansal, RPS Ventures, Others Mumbai-based online-only insurance startup Acko has raised $65 Mn in Series C funding from a bunch of existing as well as new investors. Read More Hotstar Raises $153 Mn To Up Its Game For The Indian OTT Market Star India…
