FK $100 Million Venture Fund Invests in Six Start-ups
The e-commerce firm Flipkart Ventures has invested funds in six start-ups whose innovations provide virtual stores, robotics automation and try-on apparel. Flipkart Leap Ahead, after...
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Veteran Investor Rakesh Jhunjhunwala Passes Away at 62
Veteran Indian investor Rakesh Jhunjhunwala has passed away at the age of 62. He was suffering from various health issues including kidney disease. According to...
Jupiter Steps into Mutual Fund Investing with Impunity SIP
On August 10, Jupiter, a new banking platform backed by Sequoia Capital and Tiger Global, announced its foray into investing, starting with penalty-free SIP direct...
Squadstack Raises $17.5 Million Led by Bertelsmann India Investments
Software-as-a-Service (SaaS) startup SquadStack has raised Rs 140 crore ($17.5 million) in a series B round led by Bertelsmann India Investments, with participation from existing...
JSW Steel to Invest Rs 20,000 Crore Capex for FY23, CMD Sajjan Jindal Says
JSW Steel’s Chairman and Managing Director (CMD) Sajjan Jindal has said that the company will likely invest over Rs 48,000 crore in the next three...
Reliance Retail Plans to Investments Tune of Rs 30,000 Crore in FY22
Nearly Rs 30,000 crore has been invested by Reliance Retail to the tune in FY2022, and new 2,500 stores were added with 11.1 million square...
Zomato Cuts Investment in Blinkit to $320 Million
In an earnings call on August 2, Zomato co-founder Deepinder Goyal said that Zomato is lowering its overall investment guidance in Blinkit to $320 million...
Asian Shares Rise as Investors Weigh Risks of Nancy Pelosi’s Visit to Taiwan
On Wednesday, Asian shares rose in volatile trade with the dollar paring early gains as investors weighed the potential impact of US House Speaker Nancy...
Kotak Plans to Raise to Rs 1,500 Crore to Invest in PE
Kotak Mahindra Bank plans to raise up to Rs 1,500 crore funds to invest in private equity (PE) and venture capital funds. “Kotak India Alternate...
Tiger Global and SoftBank Cut Investments in India by Over Third in 2022
According to the data from Venture Intelligence, Japanese investment firm SoftBank and US hedge fund Tiger Global have shortened their investments in Indian startups from...