Priyanka

Author's Posts

BUSINESS

Nepal relaxes location requirement for casinos to boost tourism

July 22nd, 2019

The government of Nepal relaxed location requirements for the establishment of casinos and popular electronic gaming halls in the country.

ACQUISITION

Media Platform Thomson Reuters Acquires HighQ

July 22nd, 2019

Online publishing platform Thomson Reuters announced that it has acquired HighQ, a leading collaboration platform for the legal and regulatory market.

BUSINESS

OYO founder buy back shares worth $2 bn from early investors

July 20th, 2019

OYO founder Ritesh Agarwal has signed a deal to buy back shares worth $2 billion (nearly Rs 13,770 crore) from early-stage investors like Lightspeed Venture Partners and Sequoia India.

INDIA

Jio becomes second largest Indian telecom operator, profit zooms 45.6% to 891 crore

July 20th, 2019

As per the subscriber base, Indian telecom company Reliance Jio becomes India's second largest telecom operator.

FUNDING

eBay invested $150 million in Paytm Mall, picks up 5.5% stake

July 19th, 2019

eBay is making an investment of $150 million in Paytm Mall and will own approximately 5.5% of the company.

INDIA

Netflix to roll out $3 to $7 per month plan for mobile users in India

July 18th, 2019

OTT platform Netflix will roll out cheaper mobile plans to acquire a large number of Indian users and keep ahead against the competitors.

FUNDING

MyMoneyMantra raises $14.8 million funding from IFSD BV, Vaalon Capital

July 18th, 2019

Founded in 1989, loan distribution company MyMoneyMantra raises $14.8 million funding from IFSD BV, Vaalon Capital.

ACQUISITION

Ebix acquires Travel Website Yatra.com for $337.8 million

July 17th, 2019

Leading software making company Ebix has acquired India's leading travel platform Yatra.com at an enterprise value of $337.8 million.

ACQUISITION

Larsen & Toubro Infotech acquires Bengaluru-based Lymbyc

July 17th, 2019

Larsen & Toubro Infotech acquires Bengaluru-based digital analytics platform Lymbyc for $5.5 million.

ACQUISITION

OYO acquires Innov8 for $30 million to enter into co-working business

July 16th, 2019

Oyo has acquired Innov8 for $30 million (about Rs 205 crore). The entire team of Innov8 joined OYO as part of the deal.

FUNDING

Mahmee Raises $3M From Mark Cuban, Serena Williams

July 16th, 2019

Mahmee, a digital platform for new mom and born baby to revent critical gaps in care raises $3M investment from Mark Cuban, Serena Williams and others.

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TVS Motor Singapore Invest US$7 Million in AI Decision Platform