Swiggy IPO: Prosus may pocket $500 million; founders snag $36 million via secondariesSwiggy's largest investor, Prosus, plans to offload a 5% stake in the company's upcoming IPO, potentially realizing over $500 million. Othe...
Byju's insolvency case: NCLT rejects US lenders' plea to stop CoC proceedingsThe Bengaluru bench of NCLT said it cannot stop the Committee of Creditors (CoC) meetings, as the apex court has allowed its constitution. ...
Foxconn looks to tech on more than making smartphonesTaiwanese contract manufacturer Foxconn's chairman Young Liu told ET, that the company is looking at setting up townships in Tamil Nadu, re...
Malabar Gold Diamonds announces to invest Rs 1,000 cr and generate 4,000 jobs in Maharashtra by FY25Jewellery retailer Malabar Gold & Diamonds has announced plans to invest Rs.1,000 crore ($138 million) and create 4,000 jobs in Maharashtra...
Foxconn may set up EV factory in India this yearThis marks the first instance where Foxconn has explicitly stated its plans to further its EV manufacturing ambitions in India.
Foxconn races to become an EV player and the clock is tickingThe Taiwanese contract manufacturer faces competition in the market for creating white-label EVs that can be tailor-made for clients, wheth...
Tata Tech joins Foxconn-led consortium to develop sustainable mobility solutionsThe collaboration with the MIH Consortium will enable Tata Technologies to collaborate with other members on solutions and capabilities tha...
Naspers exits MakeMyTrip, leaves Ctrip largest stakeholder in portalChinese co will hold 49% in Indian travel operator; Naspers to get 5.6% in Ctrip after share swap.
MakeMyTrip set to raise $330 million in the biggest round of fundingThe Gurgaon-headquartered company will also issue 916,666 ordinary shares to Chinese travel operator Ctrip.com International at a price of ...
From $1 billion to $750 million valuation, Flipkart's 'down' round in 2012 was at its toughest timesA down round of funding is denoted by investors purchasing stake or shares in a company at a lower valuation than the valuation arrived at ...
Ibibo Group buys minority stake in cloud-based hotel services DjuboThe company is majority-owned by South Africa-headquartered internet and media group Naspers, which also an investor in Flipkart.
ArthVeda launches Rs 2000 crore fund for low income housingAsset management firm ArthVeda Fund Management today launched a Rs 2,000 crore fund --'Asha'-- focused at investing in low income housing p...
Cloud solutions company Minjar acquires Adepto SolutionsThe three-year-old venture Adepto Solutions was part of the second batch of startups at the Microsoft Accelerator in Bangalore.
- Ibibo Group to acquire online bus ticketing firm redBus.in
Ibibo Group and Pilani Soft Labs Pvt Ltd, owner of redBus.in have executed a binding agreement for the acquisition, the company said in a s...
South Africa’s Naspers may acquire RedBus; deal values bus ticket website at $100 mnNaspers may pay a rich valuation for RedBus — almost ten times its $10-million net revenue — given that the latter is a strong leader in do...
- MIH Group acquires 51% stake in Tek Travels
Ankush Nijhawan, CEO of Travel Boutique Online, confirmed the acquisition but declined to comment on the financial details of the transacti...
- MIH gets Kashyap as CEO for Net ops
As the overall head for the company's operations in India, Ashish will help create an organisation focused on building and operating cuttin...