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…
ClearTax, an income tax return e-filing platform and investment platform announced on Tuesday that the company has raised $50 million ( about Rs. 300 crores) in a Series B round led by Composite Capital. The last time ClearTax raised funds was in June 2016, it raised $12 million from SAIF Partners along with $2 million in seed funding from…
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 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…
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,…
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 its facilities at Bhopal and Doddaballapur. The company…
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…
Innov8 Coworking, the Y-Combinator backed workspaces and community startup, on Thursday announced that the firm had raised USD 4 million funds to expand its business and double its seating capacity to 8,000 by March next year. Innov8 was started in 2015 by Ritesh Mallik. It currently has 13 coworking spaces in the National Capital Region…
TCL Corporation, a Chinese multinational electronics company headquartered in Huizhou, Guangdong Province, is planning to invest Rs 2,000 crore in its newly proposed manufacturing facility at Tirupati, Andhra Pradesh in the first phase, according to an ET post. TCL expects to start manufacturing from the first unit in India by October 2019. The unit will…
Qualcomm Incorporated, the American multinational semiconductor and telecommunications equipment company has announced on Saturday that the company is planning to open its largest campus outside the US in Hyderabad. The Company’s officials Shashi Reddy, Vice President (Engineering) and Chandra Shekar Kumili, Director (Operations) met IT and Industries Minister KT Rama Rao on Saturday to discuss…
Reliance Industries Ltd (RIL) has invested $8 million in California-based NetraDyne, an artificial intelligence startup that focuses on fleet management, automotive, security, and surveillance. This is the second time Reliance is investing in NetraDyne, Earlier this June RIL invested $16 million in the AI startup. Both of these investments were made via Reliance Industrial Investments and Holdings Ltd…
Kredent InfoEdge Pvt. Ltd., a leading FinTech (Financial Technology) company from Kolkata, has announced that it has received Pre-Series A funding from renowned stock market investor Mr. Ramesh Damani and others. Ramesh Damani has been a member of the Bombay Stock Exchange since 1989. He is well known for his exceptional skills in identifying promising businesses and invests in them…
Infosys, a Bangalore based Indian multinational corporation that provides business consulting, information technology, outsourcing, and next-generation services, today announced that it has made an additional investment of US$1.5 million through the Infosys Innovation Fund in TidalScale Inc., the company at the heart of the Software-Defined Server revolution. Infosys has previously invested US$ 1.5 million in…
The project would be set up in Greater Noida over next four years, and with an investment of over 3000 cr is expected to create over 4,000 direct and over 10,000 indirect jobs.Leading Chinese home appliances MNC Haier has signed a memorandum of understanding (MoU) with the Uttar Pradesh Government to set up its second…
Moglix, the Ratan Tata-backed B2B e-commerce start-up, is looking to expand to Eastern India, starting with Kolkata in West Bengal. The company currently has 10 warehouses across 8 cities including Delhi NCR, Kolkata, Chennai, Pune, Ahmedabad, Mumbai, Aurangabad, and Pantnagar. With the further expansion, the company has ambitious plans to increase its hiring by 30…