Bombay Hemp Company Pvt. Ltd. has completed a strategic round of fundraising that will build upon its ‘first-mover advantage’ as the provider of holistic wellness products empowered by Ayurveda. “However, the real story is not just the quantum of funds that we have raised but the calibre of Investors that we have attracted,” stated Company…
Moglix said it has raised $120 million (about ₹878.8 crore) in funding from Falcon Edge Capital, Harvard Management Company (HMC) and others, placing the industrial B2B e-commerce platform in the unicorn club, according to PTI report. The Series E round also saw participation from existing investors Tiger Global, Sequoia Capital India and Venture Highway. “We…
Mr Ratan Tata, Chairman Emeritus of Tata Sons and Chairman of Tata Trusts, has, in his personal capacity, acquired a stake in Pritish Nandy Communications Ltd through market purchases last week, PNC informed in a regulatory filing. Pritish Nandy Communications claims to be one of the first corporate entities in Bollywood. Founded by Pritish Nandy,…
Indian industrialist and philanthropist Ratan Tata has invested in the healthcare firm- iKure, an undisclosed amount. The social enterprise that provides primary healthcare and prevention services plans to use the funds raised to expand its operations across India and globally. Speaking on the investment, Sujay Santra, Founder and CEO, said – “We are extremely pleased…
Cashkaro, one of India’s Largest Cashback & Coupons sites based in Gurugram, announced it has raised $10 million in Series B funding round. The funding is led by Korea Investment Partners (KIP) and existing investor Kalaari Capital, as per ETtech report. The company said it will spend 5X the usual marketing budget in the next…
LetsVenture, an online funding platform that enables startups looking to raise seed capital to create investment ready profiles online, and connect to accredited investors, announced it has launched LetsVenture Plus, which will allow ultra-high net-worth individuals (UHNIs) and family offices to invest in growth stage startups, as well as come in as Limited Partners in…
It looks like the ongoing tussle between Tata Sons and Cyrus Mistry is not coming to an end anytime soon. In a recent development, Cyrus Mistry and his investment firms have filed a fresh petition in the Supreme Court, pleading that they are granted directorship in Tata Sons Ltd. In the petition, dated 13 February…
Pune-based baby products marketplace Firstcry has recently raised $296mn (approx 2120Cr) in Series E funding from Japanese conglomerate Softbank’s Vision Fund. With the latest infusion of funds, Firstcry has entered the Unicorn Club. According to the company filing submitted to the Ministry of Corporate Affairs, a Cayman Island-based subsidiary of Softbank SVF Frog has invested…
Prime Minister Narendra Modi on Monday, met top industry leaders including Mukesh Ambani, Ratan Tata, and Gautum Adani, ahead of the Union Budget 2020-21. The Union Budget which will be presented in the parliament on February 1, 2020, will be extremely crucial in sending a positive message to revive business sentiment amidst an economic slowdown.…
National Company Law Appellate Tribunal (NCLAT) today reinstated Cyrus Mistry as the Executive Chairman of Tata Group while ruling the appointment of N Chandrasekaran as executive chairman illegal. The restoration will come into effect only after four weeks. Cyrus Mistry and family holds a minority stake in the Tata Sons group with 18.4 percent of shares. With this development, Tata shares fell by 5.25%.
Ratan Tata would be investing in Pune-based e-bike startup Tork Motors. Tork Motors is an electric vehicle and charging infrastructure manufacturing venture. The company was founded by Kapil Shelke in 2010. The company is due for the commercial launch of T6X, its flagship offering. With this launch, Tork T6X will be India’s first electric performance…
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…