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.
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B2B e-commerce marketplace Udaan raises $300 Mn in ongoing Series D roundB2B online marketplace for small and medium businesses Udaan’s Singapore-based parent entity raised funding of $300 million in its on-going Series D round from investors such as Altimeter Capital, Footpath Ventures, GGV Capital, and Hillhouse Capital.
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Startup News Snippets
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Market Pulse
- Mumbai-based peer-to-peer lending platform LenDenClub has raised $1 Mn in a Pre-Series A funding from Artha Venture Fund With the participation of UAE-based Transworld Group
- Flipkart Plans To Invest $40 Mn In Logistics Bengaluru-based startup Shadowfax to enhance its doorstep delivery ahead of the festive season
- India’s largest incubator T-Hub in collaboration with the state government announced a three-month funding acceleration program called T-Angel
- Hyperlocal delivery platform Dunzo has raised $5 Mn funding by issuing debentures as well as Series C1 preference shares to existing investor Alteria Capital
- Gurugram-based corporate engagement platform Advantage Club has raised $1 Mn in Pre-Series A funding from GrowX Ventures
- The Union Cabinet announced an easing of foreign direct investment norms across sectors such as retail, manufacturing etc in an effort to get economic growth back on track
- Chennai-based TNQ Technologies has invested $2 Mn in a joint venture with augmented and virtual reality startup InGage Technologies