Category: Investment

Schaeffler Group to invest Rs 1,000 crore more in India.

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…

Fintech Startup “Sentieo” raises $19 million in Series A funding led by Centana Growth Partners.

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.…

Intelligent Apparel Brand “Turms” raises Rs. 6.3 cr from Girish Mathrubootham, Mekin Maheshwari and other angel investors

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…

Microsoft completes the acquisition of GitHub.

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…

Airtel Africa raises $1.25 bn from six global investors including Softbank group and SingTel.

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…