Apax Partners, other PEs in talks to buy CSS
A clutch of private equity funds, including Apax Partners and Kedaara Capital, are in early stages of discussions to acquire US-headquartered IT and services (ITES) company CSS Corp.
Post $110 million funding, Unacademy is now worth $510 million
Unacademy said it would utilise the money to increase the number of competitiv...
Whatfix raises $32 million from Sequoia, others
Whatfix, founded in 2014, will use the money for product development and to expand into geogr...
Jet-setting billionaire Bavaguthu Raghuram Shetty had it all. Then Carson Block came along
Shetty founded NMC in 1975 after moving to Abu Dhabi from his native India. He created Finablr two years ago to consolidate his financial brands before listing it on the London Stock Exchange in 2019.
White Owl Brewery launches country's first strong craft beer Spike
In October, the Mumbai-based brewer had raised Rs 40 crore in its second round of funding led by existing investors IIFL India Private Equity Fund to expand geographic footprint to cash in on the rising popularity of craft beer. Javed Murad, founder of White Owl, had told ET that the funds will be used to widen its product portfolio and newer formats.
These seven consumer brand startups have made it to Anthill Ventures' ‘Urban-i’ programme
The programme will invest between $50 – 100K at the beginning of the programme and provide an opportunity to raise up to $1M upon completion of the programme.
Creating value for 1.3 billion people through public-private partnership: Report
The investment community is an intrinsic part of this network and has so far invested more than $42 billion across 2100 startups in 2019. A positive consequence of this is the digital economy being built, aided by startups.
T-Hub wins Startup India, DPIIT’s bid to lead a program for 30 incubators
Five applications were shortlisted for this bid, and T-Hub was selected based on its rich and successful experience of running various programs for its key stakeholders, such as startups, corporates, government and ecosystem enablers.
New ventures help office-goers sail through commuting chaos
Startups focus on carpools, buses and corporate services to make ride to work peaceful.
Share market update: Mining stocks down; Sandur Manganese slips 6%
The NSE Nifty50 index was trading 19.90 points down at 12,093.55.
Falcon Edge raises $300 million India dedicated fund
As a part of the deal made with its Limited Partners the portfolio companies that Alpha Wave Incubation (AWI) backs will have to have a core team technology presence in Abu Dhabi, people in the know said.
Hiring services firm Passion Connect buys Basil Advisors
With the acquisition, Passion Connect will help Blume Venture’s portfolio companies recruit for a wider range of value-added services including executive search, international hiring and ex-founder hiring.
Venture Highway raises Rs 560 crore for second fund
The maiden fund, whose corpus has not been disclosed, was anchored by Sood and Neeraj Arora, the former chief business officer at VOIP platform WhatsApp.
China’s startups on the ropes after virus freezes funding
A backlash against China’s tech champions in 2019 had begun damping a decade or more of go-go optimism and investment that fueled one of the fastest and largest creations of wealth the world has seen.
Yap mops up Rs 10 crore in angel funding
Among others who participated in the startup’s maiden funding round are Vikram Chachra, founding partner of early-stage venture capital firm 8i Ventures, Abhishant Pant, founder of The FinTech MeetUp and Peifu Hsieh, cofounder of fintech startup Karbon.
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