PhysicsWallah joins unicorn club with $100 mn maiden fundraise: Edtech startup PhysicsWallah (PW) has raised USD 100 million (around INR 777 crore) in Series A funding from Westbridge and GSV Ventures at hitting a unicorn valuation in its maiden fundraise. With this PW has become India’s 101th unicorn. The latest capital raised will be used for business expansion, branding, and opening […]
Twixor raises capital from Axilor Ventures, and others in Series A round: Twixor, the digital process automation platform operated by Twixor Pte Ltd has announced that it has bagged $2.4 million (INR 18 Cr) in its Series A funding round from Season Two Ventures, Axilor Ventures and The Chennai Angels. The digital process automation platform was developed by the IIT […]
Sources of Elon Musk’s funding offer to buy Twitter for $44 billion: After the Social networking platform, Twitter Inc agreed to Elon Musk’s “best and final” offer of USD 44 billion. Musk increased his financing commitment to USD 27.25 billion, from USD 21 billion – including the new USD 7.14 billion funding from Oracle Corp’s co-founder Larry Ellison, Saudi investor […]
Axis Bank to acquire Citi’s consumer business in India for $1.6 bn: One of the leading private sector banks in India, Axis Bank has agreed to acquire Citibank’s consumer business in India. The deal will be undertaken for INR 12,325 crore ($1.62 billion), in an all-cash deal, which includes Citi’s credit cards, retail banking, wealth management, and consumer loan business. Presently, Citibank […]
Bharti Airtel to buy Vodafone’s equity stake in Indus Tower: Telecom operator Bharti Airtel Ltd has agreed to buy Vodafone Group’s 4.7% stake in India’s largest cell tower firm Indus Towers Ltd. Vodafone Group is looking to sell its entire stake in Indus Towers Ltd. Currently, Vodafone holds about 28% in Indus Towers while that of Bharti Airtel is close […]
RIL arm to invest ₹300 cr in robotics co: Reliance Retail Ventures Ltd, the retail unit of Reliance Industries Ltd, is likely to acquire a minority stake in warehouse robotics company Addverb Technologies Pvt. Ltd for around ₹300 crore. If the deal goes through, it will value Addverb Technologies at ₹1,590-1,660 crore. The company claims its products help companies improve […]
Dream Sports, the owner of fantasy sports platform Dream11, has announced that it has raised USD 840 million from Falcon Edge, DST Global, D1 Capital, Redbird Capital and Tiger Global. The Mumbai-based platform currently has 140 million users. Dream Sports also operates other brands like FanCode, a sports content and commerce platform, DreamSetGo, a sports experiences platform, and DreamPay, a […]
Open, a small and medium enterprise focused neo-bank, announced that it has raised INR 735 crores (USD 100 million) in a Series C funding round. The round was led by Singapore state-sponsored Temasek Holdings while other investors were Google & Japan-based SBI Investment and among existing investors were Tiger Global and 3one4 Capital. The startup was valued at USD 500 […]
Indian tea brand, Vahdam India, has raised about $24 million (Rs 174 crore) as a part of its Series D round led by IIFL AMC’s Private Equity Fund. The current round of investment, the total funding raised by Vahdam India stands at Rs 290 crore. Post this funding, the company’s valuation stands at about Rs 700 crore. The company’s existing […]
Tiger Global led another round of investment in Infra.Market with $125 million ($928 crore) in a Series D funding. The latest funding round values the company at $2.5 billion (around Rs 18,560 crore). Infra.Market, a technology-enabled marketplace for on-demand construction materials, hit unicorn status (valued at $1 billion [about Rs 7,245 crore]) after raising $100 million (about Rs 724 crore) […]