Byju’s expected to be valued at $3.5 billion at the close of its ongoing funding round of…
India is budding with startups and upcoming initiatives and to rank 4th in this country's startups, the class is what Byju's aspires to achieve. An ongoing fund round of about $200-300M is expected to peg Byju's valuation at $3.5B which could…
Chinese largest bank to invest $200 Mn in promising Indian SMEs startups
The Indian unit of China's largest bank, the Industrial and Commercial Bank of China, has set up a $200-million fund for investing in the promising Indian micro, small and medium enterprises, and ventures, a top official said here.
Zheng…
NASCAR makes an offer to acquire International Speedway Corporation
NASCAR on Friday announced that it has submitted a bid to acquire all the shares of International Speedway Corporation (ISC) which will combine both the companies into one private company under the France family.
In an interview with…
Grab locks $50 Mn funding from KASIKONBANK to expand financial services in Thailand
Thailand’s Kasikornbank PCL on Thursday said it has invested $50 million in Singapore’s Grab, forming a partnership that will help launch the GrabPay electronic wallet in its sixth Southeast Asian market in 2019.
Thailand’s fourth-largest…
SIDBI to introduce internal assessment model to rate the venture capital
Small Industries Development Bank of India (SIDBI) is planning to introduce an internal assessment model to rate the venture capital firms before investing in them through its flagship Rs.10,000 Cr Fund-of-Funds for Startups (FFS) scheme.…
Paytm records 179 Mn UPI transactions on Oct 18, sees 600% growth in 6 months
Paytm, an India-based online wallet on Friday announced that "The company has seen 600 percent growth in UPI (Unified Payments Interface) transactions.
In a blog post, the company said: "It is encouraging to see the widespread adoption of…
WhatsApp to invest $250k in five Indian startups
Facebook owned instant messaging company, WhatsApp on Wednesday, announced "that it has partnered with Invest India to organize a startup challenge in the country with the aim to invest in the top five participants of the competition. "
In…
Walmart India to open 47 more B2B stores, plans to invest $500Mn
Walmart India on Wednesday, announced its plan to invest $500 million (approx RS 3,000 crore) to open 47 more B2B stores by the end of 2022.
Talking to the media, Krish Iyer, President, and CEO of Walmart India said: "Out of 23 B2B Cash and…
Pet grooming startup Captain Zack secures $1.5 million in Pre-series A round funding
Captain Zack, a Mumbai based pet grooming startup has secured $1.5 million in Pre-series A round funding, in an aim to increase the brand awareness and marketing.
The round was led by Industrialists Kushal Desai and Chaitanya Desai with the…
Ola in talks to raise $100Mn from Hong Kong-based hedge fund Steadview Capital
India based ride-hailing company Ola, is planning to raise $100 Mn investment from one of its existing investor from Hong Kong-based hedge fund Steadview Capital which will value the company at $5.6-$6.5 billion."
According to the Economic…