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Bigbasket Turns Unicorn With $160 Mn Round From Alibaba

Bigbasket has finally entered the league of Unicorn club with latest $160 million round from Alibaba. UK Government-owned CDC Group and South Korea’s Mirae Asset Global investment. The financing round valued e-grocer over a little over $1.2 billion. The firm…

Paytm May Raise Up To $2 Billion

One97 Communications Ltd, the parent company of digital payments firm Paytm. It is raising $1.5-2 billion from its existing investors SoftBank Vision Fund and Alibaba’s financial affiliate Ant Financial, a media report said. The round may see new investors also…

Infosys To Buy Majority Stake In ABN AMRO’s Mortgage Unit

Indian software services and consultancy firm Infosys is set to acquire a 75% stake for Rs 986 crore or 127.5 million Euros ($143 million) in Stater NV, the mortgage service provider of Dutch bank ABN AMRO, the company said in…

Shuttl Secured Funding From Lightspeed Venture

Bus aggregation platform Shuttl has raised fresh capital from existing investors as part of a larger funding round. Venture capital firms Sequoia Capital India and Lightspeed Venture Partners along with Times Internet, a subsidiary of media company Bennett, Coleman and…

ReNew Power Raises $375 Million Via Green Bonds

India’s largest independent power generation company in the renewable energy sector. ReNew Power Limited has raised yet another round of funding from international investors as it continues to aggressively push to expand its project pipeline. ReNew Power Thursday has concluded…

Samara Capital Acquires Majority Stake

Samara Capital, the leading mid-market buy-out private equity fund. It has entered into an agreement with Nature’s Essence Private Limited (“NEPL”) to invest INR 200crs for a significant stake. NEPL will utilize the funds for investment into marketing and distribution…

Tatas Enter Airports Business, To Invest In GMR Unit

A consortium of Tata Group, a unit of Singapore’s sovereign wealth fund GIC and SSG Capital Management will invest₹8,000 crore ($1.2 billion) to buy a stake in GMR Airports Ltd, which runs India’s biggest airport. The deal will pump ₹1,000…

iQIYI Targets Raising $1.1B In Convertible Bonds

Video-streaming firm iQIYI, backed by search engine giant Baidu, returned to the capital markets on Wednesday with a $1.05 billion six-year convertible bond, in what is the second-largest such deal by a U.S.-listed Chinese company. The deal is also the…

Japan’s GameWith Invests In e-Sports Startup GamingMonk

E-sports startup GamingMonk Entertainment Pvt. Ltd said it has raised $100,000 (Rs 69 lakh at current exchange rate) from Japanese firm GameWith, Inc., which owns and operates a game information website. GamingMonk was founded by Amity University graduates Abhay Sharma…

Manufacturing Services, Zetwerk Tops Up Series A Funding

Bengaluru-based Zetwerk, an online marketplace that connects buyers and suppliers for manufacturing jobs. It has raised $9 million (Rs 62 crore at current exchange rates) in a fresh round of funding. In a press note, Zetwerk Pvt. Ltd, which operates…