Orios Venture Partners graduates its third Misfits cohort
The six-month programme, which typically admits between 8-10 startups, and operates twice a year, has, till date, overseen more than 20 startups graduate, since launching in 2018.
Months after the onset of covid-19, private equity funds are finally seeing green shoots
Funds such as Warburg Pincus, Sequoia, Creador, Mult...
After delay in China-based investment, Singapore's Temasek to pump $100 million in Zomato
An existing Zomato backer, Temasek's potential fund...
Early-stage deals halved in the first 6 months of 2020
The number of technology companies that have been incorporated up to June 15 stood at 449 compared to 3,638 in calendar year 2019
Ajay Piramal’s glass business up for grabs in likely $1 billion sale
Global buyout funds such as KKR, Advent, Carlyle, TPG and Blackstone, investment companies like Temasek and global rivals such as Saverglass and Veriscence are being tapped.
Now, Amazon will deliver medicines to you
The move comes amid increasing competition in India with rivals Walmart-owned Flipkart, billionaire Mukesh Ambani's upstart online grocery service JioMart and a range of other smaller players.
Curefit scoops up Rs 832 crore in fresh round led by Temasek
The new financing round has also seen the entry of two new investors into the company’s investor cap table, GableHorn Investments and Ascent Capital.
CureFit lays off hundreds, cuts pay across levels
While the company founders will forgo their salaries, the management team and other staff would be taking a 50-20% pay cut as part of a plan to cut costs, the company said.
With RIL eyeing Netmeds deal, ePharmacy in for consolidation
Reliance's yet-to-be announced acquisition of Netmeds for an estimated $120 million is a catalyst for other players such as PharmEasy and Medlife to explore merger and acquisition negotiations.
Court restricts CureFoods from selling movable assets
The company had sent a termination notice claiming that it was unable to do business owing to the Covid-19-induced lockdown.
Larsen & Toubro Infotech competes with global peers amid reduced deal sizes
L&T will move offshore as remote working becomes mainstream, CEO and MD Sanjay Jalona said. The proportion of LTI’s onsite workforce stands at 21% of total delivery, from about 24% three years ago.
SoftBank-backed Policybazaar aims for 2021 IPO in India tech’s debut
Policybazaar helps sell about a million policies a month. The aggregator lets users compare life, health, auto, travel and property policies from 40 insurers on its website without going through conventional agents, who sell based on incentives.
Back with alternative capital, Private Equity funds open doors to fresh talent
Private equity, the emerging preferred source of alternative capital for Indian businesses is finally seeing green shoots of revival, months after the financial world was rocked by the Covid-19 pandemic.
O2 Power and Ayana Renewables lead race for Azure Power Global’s 400 MW assets
The 400 MW of assets are spread across Rajasthan and Assam. Set up in 2008 by Inderpreet Wadhwa, Azure Power has a portfolio of over 7 GW in various stages, including 200-plus MW of rooftop solar across 24 states. Co’s projects in India include 1.8 GW that are operational, 1.3 GW under construction, 2 GW in development and 2 GW in the pipeline.
Brookfield Properties leases 3.5 lakh sq office space at Equinox Business Park
The company has leased the space to Boston-headquartered State Street Corporation, US conglomerate Hasbro, American-Canadian digital media and broadcasting company Vice Media, and Temasek Holdings’ portfolio company STTelemedia. These four global entities will be new tenants in the 10-acre complex near Bandra-Kurla Complex (BKC).