Byju’s Conducted Fresh Round Funding Worth $22 Billion
Edtech company Byju’s acquired Aakash Educational Services in a cash and stock deal in April last year for $1 Billion, for which it has delayed payments. Byju’s was supposed to close the transaction in June but has extended the payment timeline to August, sources said, but it was delayed due to some internal reason. Now,…
Shipra Prajapati
Fastest Growing Companies In India In Dividend Payouts
India began a voyage towards economic and industrial liberalisation somewhat more than 25 years back that fueled a development surge unparalleled to any other in the world. This resulted in the country becoming a $3 trillion economy in 2019, and a cursory investigation of the underlying value suggests that there is yet still more to…
Rishita Sharma
Reliance Retail Picks Up 89% Stake in Lingerie Brand Clovia
Reliance Retail Venture Limited acquired an 89% stake in women’s lingerie brand Clovia, owned and operated by Pankaj Panda fashion Private Limited. RRVL invested Rs. 950 Cr. in the company through a combination of secondary stake purchase and primary investment, as per the official statement. Clovia is launched in 2013 by Pankaj Vermani, Neha Kant…
Vipin
Hasura Raised $100 Million, Become 10th Startup Unicorn of 2022
Hausra, a Bengaluru and US-based open-source engine, has raised $100 million in fresh funding led by Greeoaks capital. In the funding round, the existing investor Nexus Venture Partners, Lightspeed Partners and Vertex Ventures also participated. With this latest fundraise, Hasura becomes the tenth startup India’s unicorn of this year. It joins like the edtech firm…
nitin
Approves Tata Steel’s Bid to Acquire 93.71% Equity in NINL
The Government on Monday has approved the highest bid of Tata Steel Long Products Limited for acquiring 93.71% equity in Neelachal Ispat Nigam Ltd (NINL), a joint venture of 4 CPSEs ─ MMTC, NMDC, BHEL, MECON, and 2 Odisha Government-owned companies ─ OMC and IPICOL. This is a combined decision of three Ministers ─ Transport…
Manyavar, Owner of Vedant Fashion Ltd., Float IPO Next Week
Kolkata-based fashion Ltd, the owner of ethnic wear brands, Manyavar, Mohey and Mebaz, will hit Dalal Street next week with its initial public offering (IPO). The subscription for the public issue will last for four days, starting from February 4 and lasting on February 8. Anchor investment will be able to bid on February 3. …
RateGain And Medplus Among 6 Companies Get IPO Approval By SEBI
Market regulator Sebi has given the green light to six firms, including pharmacy retail chain MedPlus Health Services, travel technology services firm RateGain Travel Technologies, and microlender Fusion MicroFinance, to raise capital through initial public offerings (IPO). Retail wealth management firm Prudent Corporate Advisory Services, private market intelligence platform Tracxn Technologies, and real estate developer…