India’s leading Automobile Portal Cardekho Raises $110 Million Series C Funding
Delhi based India’s leading car selling portal Cardekho Raises $110 Million Series C Funding.
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On-demand Home Services Firm UrbanClap Raises $50 Million
India’s on demand home services marketplace UrbanClap has secured funds amounting to $50 million in a fresh funding round. This round was led by Hong Kong-based hedge fund Steadview Capital along with existing investor Vy Capital. With this round, the valuation of the company will more than double to $480 million. UrbanClap which also counts Accel, SAIF Partners, Bessemer Venture Partners […]
Tech Firm GOQii Raises $30 million in Equity Funding Round
GOQii Inc, a wearable devices maker has reportedly raised an amount of $30 million (about Rs 212 crore) in its latest equity financing round. The company is based in Menlo Park and Mumbai and is looking to enter into the overseas markets over the next 12-18 months. The funding was led by Japanese conglomerate Mitsui […]
IoT firm Detect Technologies Secured $3.3 million for International Expansion
A Chennai-based internet of things (IoT) company known as Detect Technologies has reportedly secured funds amounting to $3.3 million (Rs 23.6 crore) from SAIF Partners in a Series A round of funding. This funding marks the VC fund’s third such investment in the Internet of Things space. Backers like Bharath Innovation Fund, Axilor Ventures, BlueHill Capital and a few angel […]
KPMG to Expand India Front by Hiring Around 9,000 employees
The management consulting team of KPMG is working on hiring nearly 8,000-9,000 people in India. Following these appointments, a tenth of them to be deployed on projects overseas, as they see global clients increasingly demand from one of the big four audit firms to implement solutions and demonstrate results for the strategy guidance it gives them. Traditionally, consulting and […]
Three of Top 10 Indian Firms lost Rs 1 trillion in m-cap
Three of the top 10 and India’s most valued companies together saw a dissolution of ₹1,07,026.12 crore in market capitalisation last week where IT major TCS took the biggest knock. The three companies that witnessed the same were Tata Consultancy Services (TCS), ITC and Infosys. The firms suffered a decline in their valuation for the week […]
Mumbai-based Engine Maker to Acquire Majority Stake in Ampere Vehicles
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 […]
Bajaj Auto Announces Rs 2 Cr Contribution for Kerala Flood Relief
India’s one of the leading automobile company Bajaj Auto announced a contribution of Rs 2 crore in aid of flood-hit Kerala. While Rs 1 crore is being contributed directly to the Chief Minister’s Relief Fund, the balance Rs 1 crore will be deployed by Jankidevi Bajaj Gram Vikas Sanstha (JBGVS), for distribution of survival kits, […]
The Top 5 Corporate Fights in India
Corporate rivalries are a big part of an economy. They are quite prevalent all over the world in every possible sector. However, in India, it is mostly kept restricted to the boardrooms. In most of the developed economies, the rivals fight fiercely in open and create an amusing sight for the public. An example of […]
Starbucks Plans to Expand Smaller Indian Cities from Next Fiscal
The popular coffeehouse chain Starbucks which is a joint venture between Tata Global Beverages and Starbucks Corp. is planning to expand in smaller Indian cities with a population of less than 5 million. It plans to open more outlets in the next fiscal year. Starbucks has a long-term goal of making India among its top […]
Top 5 Performing Equity Mutual Funds in India, Know the Details
Mutual funds are a popular investment source for investors. For investors with limited knowledge, time or money, mutual funds can provide simplicity and other benefits with valuable returns. An equity fund is a mutual fund that invests principally in stocks. It can be actively or passively managed. How do equity mutual funds work? In these type of funds, you give money to a fund, which […]
Wipro Grabs Outsourcing Contract Worth $1 Billion From Alight Solutions
One of the leading information technology (IT) companies Wipro has reportedly won an outsourcing contract worth $1 billion from Alight Solutions. Bengaluru-based Wipro purchased Alight Solutions’ IT business for $117 million on Friday, and is in the advanced stages of negotiating the agreement that will possibly expand over seven years and $140 million in annual […]