Girnarsoft, which owns online auto portal Cardekho, is raising a massive $100 million in its latest investment round led by Sequoia Capital. Its expected that the existing investor Hillhouse Capital will also be participating in the round. According to an ET post, the investment values Gurgaon-based Cardekho between $400 million and $500 million, which is a little higher than…
Warburg Pincus LLC, an American private equity firm has acquired a minority stake in Fusion Microfinance, a non-banking financial company (NBFC) for Rs.520 crore ($ 75 million). Creation Investment, an existing investor, has also participated in this round. Investors such as Belgium’s Incofin, NMI, BIO and SIDBI have made successful exits in this round. “This is…
Audi, a member of the Volkswagen Group that designs, engineers, produces, markets and distributes luxury vehicles announced on Tuesday that it will invest 14 billion euros ($15.95 billion) over the next five years on future transportation technologies such as electric mobility, autonomous driving, and digital services. In a statement, the German automaker said that the…
Singapore-based technology company, GrabTaxi Holdings Pte. Ltd. that offers ride-hailing, food delivery service through its app is in advanced discussions to invest $100 million (Rs 697.7 crore) in Indian hospitality chain OYO Hotels & Homes. The proposed investment is expected to be made through A1 Holdings Inc., an entity controlled by Grab, is a part of the OYO’s ongoing $1billion…
UrbanClap, a Delhi based Home services start-up, has raised $50 million in primary capital in a Series D funding round led by Steadview Capital Management and existing investor Vy Capital. According to data from CrunchBase, till now UrbanClap has raised $110 million. While Steadview Capital has invested about $30 million, Vy Capital has invested the remaining, also this…
Bosch, the leading multinational engineering and electronics company headquartered in Germany has announced its plans to invest €100 million (around Rs 800 crore) over the next 3-4 years in the Indian market. The company said that the localized offerings include the top-loader washing machine, freestanding microwave oven, and mixer grinder. “Bosch Home Appliances will invest…
Allahabad Bank on Thursday announced that the Centre is infusing Rs 3,054 crore into it as an investment during the current fiscal. “In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the bank has received a communication from the Government of India, Ministry of Finance, Department of…
Meesho, an Indian-origin social commerce platform on Tuesday announced that the company had raised $50 million in Series C funding from new investors including Shunwei Capital, DST Partners, and RPS Ventures. Existing investors Sequoia India, SAIF Partners, Venture Highway, and Y Combinator also participated in the round. Total funds raised by Meesho in three funding rounds…
The US-based investment firm Tiger Global Management has advanced talks to invest $5-6 million each in two early-stage software companies Fyle and Facilio. “The New York-based investment firm has issued term-sheets to the two software companies, according to three people aware of the development,” ET reported. For the past three years, the firm stayed low by focusing…
Nira, Bangalore based fintech startup that provides small value credit to consumers with limited access to traditional modes of finance, has raised $1 million in seed funding from angel investors based in India and the United Kingdom. The firm will use the fundings to accelerate building out the core team and technology to drive the…
Schaeffler Group, the German-based manufacturer of rolling element bearings for automotive, aerospace and industrial uses, has planned to invest an additional Rs 1,000 crore in its Indian operations over the next three years. Recently, the firm completed its merger with Ina Bearings India and LuK India, which was announced back in August 2017. The firm is…
Sentieo, an investment research software company that uses AI to scan financial documents, analyze alternative data sets and create visualizations has raised $19 million (about Rs 140 crore) in its Series A round of equity financing that was led by growth equity firm Centana Growth Partners. The firm’s existing investors had also participated in the round.…
India’s first ever performance wear fashion brand Turms which sells stain repellent, odor-resistant daily wear has raised Rs 6.3 crore from angel investors. The round was led by Freshworks founder Girish Mathrubootham, former Reliance Retail Lifestyle president Bijou Kurien, Pepperfry founder Ambareesh Murty, OneAssist founder Subrat Pani, and former Flipkart executive Mekin Maheshwari. Turms will use these…
Earlier this year Microsoft Corporation, the American multinational technology company with headquarters in Redmond, Washington announced that it’s acquiring GitHub for $7.5 billion. On Friday Microsoft confirmed the deal is completed. GitHub is a leading software development platform which brings more than 31 million developers to create, collaborate, share and build on each other’s work. Nat…
Bharti Airtel International B.V., doing business in Africa as Airtel Africa has raised $1.25 billion (over Rs 9,200 crore) by issuing fresh shares to six global investors including Warburg Pincus, Temasek, Singtel, and SoftBank Group International. The company organized a two-stage fundraise to manage its debts. The transaction will not be involving any sale of shares…