Category: Investment

Amazon to open a new office in Manchester, plans to create more than 1000 jobs in the UK.

Amazon, the American e-commerce giant and cloud computing company has decided to open a new office in Manchester and will be creating more than 1000 jobs in the fields of research and development in the UK. The new Manchester office will be house at least 600 new employees working on software development, machine learning and research and…

Reliance Industries Ltd. invests in SkyTran Inc.

Reliance Industrial Investments and Holdings Limited, a wholly owned subsidiary of Reliance Industries Limited, on Wednesday announced that it has successfully acquired 12.7% shareholding in SkyTran Inc. Founded in 2011, SkyTran, Inc. is a venture capital and private office funded high technology company focused on advanced transportation solutions.“Reliance has made a strategic investment into SkyTran…

Agritech startup Farmersfz raises seed funding from Indian Angel Network.

Farmers Fresh Zone, an agricultural startup based on Kochi announced that it has received an undisclosed amount in the seed round of funding from Indian Angel Network, IAN fund, Malabar Angels and angel network NativeLead. Farmers Fresh Zone is an innovative startup by Pradeep PS, a computer science engineer from Calicut University. FarmersFZ helps farmers to sell vegetables, fruit,…

TAFE to expand production capacity in Bhopal and Doddaballapur facilities.

Mallika Srinivasan CEO and Chairman of TAFE Tractors and Farm Equipment Limited (TAFE), India’s second largest tractor maker by volumes will try to invest Rs 250 crores in the current financial year to increase its installed capacity by 50,000 tractor units at two of its manufacturing locations in India. TAFE is planning these expansions in…

Zomato Raises $210 Million in Funding from Ant Financial.

Online food delivery platform Zomato has raised another $210 million in funding from Ant Financial, the financial arm of Alibaba Group. Info Edge disclosed in a stock exchange filing on Friday that it’s ownership in Zomato will fall from 30.91% to 27.68% as a result of the infusion from Alipay Singapore Holding Pte. Ltd or other…