Investment firm Tiger Global has reportedly taken over a stake worth $1 billion in SoftBank Group and this deal has taken up the shares of the latter as much as 6.8 per cent. Tiger Global stated to the investors in a letter that SoftBank’s stock price had not increased over the past five years even after […]
Indian industrialist and investor, Ratan Naval Tata who is well known as the former chairman of the popular conglomerate Tata Sons (one of the two holding companies of Tata group). Ratan Tata has done a commendable job in terms of investment activities and has been taking a keen interest in the Indian Startup ecosystem. With […]
This week we witnessed a good number of funding activities. A few companies raised a considerable amount of funding from various investors and thus, we have come up with a summary of all the fundings that took place this week i.e. from 25th June 2018 to 30th June 2018. 1) PolicyBazaar.com ETechAces and […]
IT Major, HCL Technologies has signed an agreement to acquire Germany based IT and engineering service provider H&D International Group to fuel its European expansion. In its official statement, HCL said, This landmark deal sees HCL attain significant in-country front office and delivery capabilities and will further enhance the company’s domain expertise in the global […]
Solar installation startup ZunRoof has received a huge funding boost after the startup successfully raised Rs 1.66 crore in its second angle funding round. The round was participation from i3N, Paipal Ventures’ Ajith Pai, Gaurav Gupta, Dalbergr and group of IIT Kharagpur alumni. Prior to this startup, the Gurugram headquartered startup had raised undisclosed amount […]
Luxury Brands Louis Vuitton and Harley Davidson and several other prominent players in the business industry have fallen under tax radar for taking cash above Rs. 2 lakh in clear violation of a new income tax law introduced in this year’s budget. Earlier this year between January and March, The Directorate of Intelligence and Criminal […]
ETechAces and Consulting which operates PolicyBazaar.com has raised over USD 200 million (around Rs 1,360 crore) through a fresh round of investment led by Japans SoftBank. In a statement, the online insurance aggregator said, “it has clinched over USD 200 million in an investment round led by SoftBank Vision Fund, with participation from existing investors, […]
This week was quite eventful in terms of funding activities. Few of the well-known firms raised a substantial amount of funds from different investors. So, here you can have a glimpse of the major funding activities that took place this week starting from 18th June 2018 to 23rd June 2018. The recap of funding for […]
Online Bike and Scooter Rental Platform Wickedride Adventures Services Pvt Ltd have raised Rs. 62.13 crore ( $9.1 million) in a funding round led by Accel Partners and Sequoia Capital. With the latest round in place, company’s valuation has roughly reached Rs. 130-132 crore. As per Bengaluru based filings with Ministry of Corporate Affairs, Raghunandan […]
The Bengaluru based Fin-Tech company PhonePe has tied up with online travel company Goibibo to allow its users to make hotel bookings from the app itself. It will provide a unified login and payments experience to over 100 million PhonePe users for the same purpose. According to the statement, the PhonePe app will have Goibibo’s […]
Intel Corp., the popular technology firm has declared the resignation of its chief executive officer Brian Krzanich on Thursday. This event was followed by an inquiry that proved that the CEO was in a consensual relationship with an Intel employee, which is against the company’s policies. Krzanich was serving Intel Corp. as CEO since the […]
Food Delivery Platform Swiggy has sealed its much awaited $210 million funding with Russian billionaire Yuri Milner’s’ DST Global thereby finally making entry into the prestigious “Unicorn” club. The company has informed that the investment round also saw participation from hedge fund Coatue and existing backer Meituan Dianping, with a total capital crossing $466 million […]