Sumitomo Wiring Systems, Ltd., Japan (hereafter “SWS”) and H.K. Wiring Systems Limited (hereafter “HKWS”), a 100% subsidiary of SWS, jointly hold 17.72% shares of Samvardhana Motherson International Limited (hereafter SAMIL). Today, SWS has sold 3.4% shares held in SAMIL through ‘bulk deal’ at stock exchange in India as part of global deleveraging strategy to fund … Read more
NFT Genius, a company developing world-class experiences and marketplace technology to the NFT market, announced today a $150M valuation following the close of a $10.5M Series A funding round led by Dapper Labs, Spartan Labs, Commonwealth Asset Management (CWAM), and Fundamental Labs. Spartan, One Football, and Unibanco also participated in the round. NFT Genius was founded by Jeremy Born, Kurt Braget, and Karl Meier. … Read more
Oye Rickshaw!, the largest and fastest-growing EV mobility player in India, aims to increase its national footprint to 25+ cities, thus enabling its delivery business to grow 5X taking its deliveries from the current 4 million to 20 million in FY2022. The brand, which believes that e-rickshaws will be key to the EV-fication of the … Read more
Bangalore-based leading digital aggregator in Agritech space, Ergos The Grain Bank, aims to further expand the footprint to 650 locations with revenue growth of upto Rs. 1,800-2,000 crores by 2023-24. Ergos The Grain Bank has scaled across 26 districts in Bihar, 10 Districts in Karnataka and 17 Districts in Maharashtra with over 1,45,000 farmers actively engaging on the technology-based … Read more
Indiabulls Real Estate Limited (NSE: IBREALEST) (BSE: 532832), announced that it has successfully completed a capital raise of ₹8.65 billion (US$ 114 million) at ₹101.10 per equity share through Qualified Institutional Placement. Trading of these shares will commence today i.e. April 18, 2022, on NSE and BSE. The fund-raising committee of the Board of Directors of … Read more
Glia, the leading provider of Digital Customer Service (DCS), today announced $45M in Series D funding led by New York based-global venture capital and private equity firm Insight Partners and joined by existing investor Wildcat Capital Management as well as new strategic investors, including RingCentral Ventures™. This latest round of financing brings Glia’s total funding … Read more
Swiggy, the foodtech unicorn, has secured $700 million from Invesco, six months after raising $1.25 billion. Swiggy is now worth $10.7 billion, up from $5.5 billion previously. This investment comes at a time when food and online grocery are becoming more popular, and consumer demand for Swiggy’s services is increasing. While the food delivery business … Read more
Zepto, a 10-minute grocery delivery service, has raised $100 million (Rs 755 crore) in a new round of funding, valuing the company at $570 million. The Series C financing was headed by Y-Continuity Combinator’s Fund. Existing backers such as Nexys Venture Partners, Glade Brook Capital Partner, Contrary Capital, and private investor Lachy Groom also participated … Read more
AgentSync, the company building technology to power growth across the insurance industry, today announced a $75 million Series B at a $1.2 billion valuation, making AgentSync the only unicorn building infrastructure specifically designed to make the $1.3T US insurance industry run more efficiently. Led by Valor Equity Partners with participation from Craft Ventures, Tiger Global, … Read more
Simplilearn, the world’s #1 Online Bootcamp for digital economy skills training, today announced its first-ever Employee Stock Option Plan (ESOP) buyback worth Rs. 48.74 crore. This event is the first time ESOPs have been bought back by the company. The buyback was undertaken as part of the recent investment by Blackstone earlier this year. The … Read more
According to media sources, Cars24, an online marketplace for selling used automobiles, is in advanced talks to raise a $250-300 million fundraising round led by its existing backer Falcon Edge. Vikram Chopra, Mehul Agrawal, Ruchit Agarwal, and Gajendra Jangid founded Cars24 in 2015, and it became a unicorn last year after a $200 million fundraising … Read more
Digiboxx a startup offering cloud storage as a service has raised further financing, bringing its total pre-series A funding to $15 million. CapGro Private Ltd led the investment round. The funds will be invested in product development, expanding into new markets, scaling operations, expanding the company’s personnel, and enhancing its technology platform. Digiboxx, a digital … Read more
The ‘Textile Week’ kicked off yesterday at the India Pavilion in EXPO2020 with the country looking at a fresh investment of INR 19,000 crore (USD 2.5 Bn) in the sector, which would be key to a ‘Self-reliant India’ and becoming a preferred global sourcing partner in textiles. The textile industry will showcase India’s rich cultural … Read more
On the last day of subscription on Monday, FSN E-Commerce Ventures Ltd’s maiden share-sale, which runs the online marketplace for beauty and wellness items Nykaa, was subscribed 81.78 times, owing to strong demand from institutional investors. According to NSE data, the Rs 5,352 crore IPO attracted bids for 2,16,59,47,080 shares against the 2,64,85,479 shares on … Read more
According to papers with the Securities and Exchange Board of India (SEBI), logistics unicorn Delhivery has filed for an initial public offering (IPO) to generate up to Rs 7,400 crore. Delhivery is the latest Indian startup to go public, capitalising on investor interest in technology-driven firms. Founded in 2011, Delhivery has established itself as the … Read more
Mr. Kunal Kumar, Joint Secretary and Mission Director (Smart Cities Mission), Ministry of Housing and Urban Affairs, Government of India, today said that India needs around USD 700 billion of investment from 2021 to 2031 to boost its urban infrastructure services like Urban Mobility, Affordable Housing, Water Security, Clean India Missio and Smart Cities Mission. Mr. … Read more
