US based video streaming service provider Netflix has reportedly picked up 1.5 lakh sq ft office space in Bandra-Kurla Complex (BKC), Mumbai’s new business district, on long-term lease to set up its India head office. The video streaming giant leased the office space spread over two floors in commercial tower Godrej BKC from promoters of D’decor Home Fabrics. Netflix […]
Suvidhaa Infoserve which is a payments entity based in Mumbai has acquired 5% stake in the popular online e-commerce and payment solution company Infibeam.com. The deal has been valued at Rs 25 crore. Infibeam Avenues which owns Infibeam.com said that its board of directors has entered into a binding MoU with Suvidhaa which has around 90,000 retailers for money remittance and […]
With technology growing so fast, various countries have been coming up with Hyperloop and driverless flying cars, and now, the UAE is all set to introduce a futuristic mode of transport which will be an underwater rail network. With this, the UAE has proved to be the land of innovations and setting a benchmark in […]
The newly licensed payments bank based in Mumbai called Fino Payment Bank has been fined with an amount of Rs 1 crore by the Reserve Bank of India (RBI). Following this move, the payments bank was required to stop all its account opening activities. The RBI found out that there were few accounts with the bank […]
The Indian arm of the popular co-working company WeWork that is based in New York has picked up 0.5 million sq ft office space in one of the largest deals by a co-working company. The space has been leased across four locations in two major property markets of Mumbai Metropolitan Region and Bangalore. This would […]
The US-based popular travel agency Thomas Cook is eyeing to acquire 24% stake in Mumbai-based Traveljunkie, which recommends destinations and help people plan their trips and book activities, hotels and flights. The startup Traveljunkie basically serves people traveling to Thailand, Indonesia and Turkey. The company was founded in 2015 by IIT-Bombay graduates Ameya Sahasrabudhe and […]
A point-of-sales (POS) provider Moka which is based in Jakarta has reportedly acquired a Mumbai-based contextual marketing company known as GetFocus. However, the amount of deal has not been disclosed yet. Following this acquisition, both these companies are looking forward to combining their synergies and interaction for the purpose of strengthening their technology capabilities and […]
Pune-based fruit snack company Frubites which is owned by Rev Snacks has raised an undisclosed amount of funds in a fresh funding round from Mumbai Angels Network and others. The company is planning to use these funds to strengthen the brand, expand distribution as well as expand product offerings across vegetables, nuts, and fruit. “We […]
One of the most diversified Indian engineering company Greaves Cotton Ltd is reportedly acquiring a majority stake in electric two-wheeler manufacturer Ampere Vehicles. Following the deal, Greaves Cotton which is based in Mumbai will be acquiring 67% of Ratan Tata-backed Ampere for Rs 77 crore. Furthermore, according to company’s statements, Greaves may also buy out […]
Mumbai based GAIA Bespoke, a one-stop destination for women’s tailor-made Western wear, raises a recent round of funding from Angel Investor Sanjib Jha, Lead Advisor at SIDBI/World Bank and former founding CEO of IntelleGrow. The brand will strengthen its operations followed by planned expansion to other cities. Founded by Gayatri Thampi, GAIA Bespoke a fashion startup helps solve day to day challenges […]
Mumbai based startup Coolberg Beverages raises an undisclosed seed funding from India Quotient Fund and the Indian Angel Network’s for further expansion. Known for its Non-Alcoholic Beer, Coolberg offers wide range of variants to suit the Indian customer’s palette. Conceptualized by Pankaj Aswani and Yashika Keswani, the company aims to provide innovative product to enjoy during celebrations. “Our aim is to provide […]
The emerging foodtech platform Swiggy that is consistently in news for a long time, has now announced the acquisition of a Mumbai-based on-demand delivery firm known as Scootsy. The deal is a mostly-cash contract and this acquisition is worth about Rs 50 crore (under $8 million). This acquisition is expected to see Scootsy’s brand name being […]