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TRUSTROOT INTERNET
Valuation of businesses run by under-35s rises 23% to Rs 48 lakh crore: Hurun reportThe total valuation of businesses run by individuals under 35 in India rose significantly this year. The number of young business leaders i...- Swiggy completes sale of Lynks Logistics to Trustroot InternetSwiggy Limited has completed the sale of its shareholding in Lynks Logistics Limited to Trustroot Internet Private Limited. The transaction...
- Groww Q2 profit jumps; Hocco eyes big funding scoopGroww reported strong quarterly earnings in the July-September period. This and more in today’s ETtech Top 5.
- Stocks in news: Swiggy, M&M, REC, Adani Power and Bajaj FinservIndian stock markets closed lower on Monday, extending their losing streak for four weeks. Investor sentiment remained subdued due to risin...
- VC-backed B2B firms feel the weight of growth-era debtIndia’s venture-backed B2B firms are grappling with debt accumulated during high-growth years, with Zetwerk directing IPO proceeds towards ...
- Info Edge shares jump 4% after strong Q1 show. What Nomura, Nuvama and other brokerages expect nextInfo Edge shares jumped over 4% after the company reported a strong Q1 FY27 performance, with consolidated net profit rising 43% year-on-ye...
- Udaan avoids bankruptcy, reaches agreement with offshore creditors to settle $178 million claimBlackrock, world’s largest asset manager has agreed to provide $45 million of fresh credit facility. The restructuring will also include up...
- Global creditors drag Udaan's parent to bankruptcy court in Singapore after $170-million bond defaultInsolvency petition filed this week, A&M appointed as liquidator of B2B commerce company. Ten year old co has seen valuations crash 70% as ...
- Info Edge commits Rs 250 cr in deep-tech AIF; exits Shopkirana via share-swap deal with TIPLInfo Edge is set to invest up to Rs 250 crore in an alternative investment fund. This fund will back early-stage deep-tech companies in Ind...
- Info Edge commits Rs 250 crore to deeptech fund; sells Shopkirana stakeInfo Edge, which was an early investor in Zomato, said the fund will be sponsored and managed by Info Edge’s subsidiary Smartweb Internet S...
- Udaan raises $75 million from UK’s M&G, Lightspeed at flat valuationCEO Vaibhav Gupta stated that an additional $25 million could be expected in the upcoming quarter. The investment comes as the Bengaluru-ba...
- Udaan logs lower net loss, flat operating revenue in FY24After two rounds of layoffs in 2023, the ecommerce platform had 1,500 employees on its roll at the beginning of 2024, compared to the peak ...
- Udaan CFO Aditya Pande resigns; firm announces senior-level changesKiran Thadimarri, group finance controller, will be elevated to the executive management team. Further, Vishnu Menon, head - corporate stra...
- CCI clears Alpha Alternatives Group stake purchase in Dilip BuildconThe transaction involves the acquisition of 9.99 per cent of the equity stake in DBL by way of subscription to warrants by Alpha Alternativ...
- Udaan lays off over 100 employees shortly after $340 million fundraiseMost of the job cuts happened in the go-to-market (GTM) team, which handles relationships with sellers, among other responsibilities, peopl...
- Udaan raises $340 million in funding from UK’s M&G Prudential, othersThe funding round also saw participation from existing investors such as Lightspeed Venture Partners and DST Global, the firm said in a sta...
- M&G Group gets CCI nod for subscription of Trustroot Internet bond, warrantsThe combination involves acquirers collectively proposing to subscribe to additional optionally convertible bonds and warrants issued by th...
- Even small Chinese investments likely to face government scrutinyIn April, the government had made changes to the FDI policy to scan all investments from neighbouring countries with an eye on Chinese infl...
- Udaan to raise $500 million, valuation may climb 2x to $2.2 billionRound may see new investors like Hillhouse, Altimeter along with existing backers.
- Trustroot puts Rs 139 cr in UdaanUdaan set to take off with a fresh tranche of funds from Trustroot, even as HealthKart gets fresh funding.
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