InMobi, the SoftBank-backed consumer technology firm, has announced it has raised $100 million in debt financing from MARS Growth Capital, a joint venture between MUFG and Liquidity Group. This funding will be allocated to advance InMobi’s artificial intelligence (AI) technology and to explore potential AI-focused acquisitions.
The company, which is preparing for a potential listing in India…
Commerce Minister Piyush Goyal has launched the Trade Connect ePlatform, a new digital tool aimed at assisting Indian exporters with essential information and resolving payment issues. This comprehensive portal serves as a single point of access for both existing and aspiring exporters, providing resources to enhance export activities.
The Trade Connect platform is designed to streamline trade…
Property listing platform Rightmove has turned down a £5.6 billion acquisition offer from Australian rival REA Group, which is majority-owned by Rupert Murdoch’s News Corporation. Rightmove’s board dismissed the bid as “wholly opportunistic,” stating that REA Group had “fundamentally undervalued Rightmove and its future prospects.”
In a statement issued on Wednesday, Rightmove’s…
Playbook Partners Secures $130 Million in Initial Close, Targets $250 Million with Green Shoe Option
Playbook Partners, a Growth Capital (GC) firm, has successfully raised over $130 million in its first close within just four months. This significant capital influx comes from a diverse group of global investors spanning Europe, the US, the Middle East, and India.
With the green shoe option available, Playbook Partners aims to expand the fund to a total of $250 million. The firm plans to invest in…
India has surpassed the US to become the second-largest market for 5G handsets, according to the latest research from Counterpoint’s Market Monitor service. The shift occurred during the first half of 2024, driven by a surge in budget 5G handsets. Notably, brands like Xiaomi, vivo, and Samsung have contributed to this growth by offering affordable 5G options.
Deepu John, Qualcomm’s Senior…
Chai Discovery, a nascent AI-driven biology startup, has secured nearly $30 million in funding from prominent investors Thrive Capital and OpenAI. Founded just six months ago, Chai aims to revolutionize drug discovery by utilizing AI to predict the structure of biochemical molecules and manipulate their interactions, a critical step in developing new medications.
Joshua Meier, the company’s…
Tata Group has committed ₹950 crore to Agratas, its battery manufacturing subsidiary, to strengthen its foothold in the new energy sector. Agratas is spearheading the establishment of advanced battery production facilities, with plans to build a 40 GWh gigafactory in the UK and a 20 GWh plant in Sanand, Gujarat.
According to Tata Sons’ 106th annual report, the new plants are part of a broader…
Drip Capital, a digital trade finance platform, has successfully raised $113 million in a recent funding round, combining equity and debt to further its growth and diversify its product offerings for small and medium-sized businesses (SMBs) in key markets such as India and the US.
This funding round includes $23 million in equity from Japanese institutional investors GMO Payment Gateway and…
Becoming a successful entrepreneur is a challenging journey filled with highs and lows, but the stories of accomplished business leaders offer invaluable insights. Here are five key lessons from some of the most successful entrepreneurs to guide you on your path to success.
Embrace Perseverance
Successful entrepreneurs are known for their resilience and tenacity. Elon Musk, for instance, faced…
Dr. Subhash Chandra, Chairman Emeritus of Zee Entertainment Enterprises Ltd. (ZEEL), has made serious allegations against Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India (SEBI). Chandra accuses Buch of corruption and unethical behavior, claiming she is largely responsible for the collapse of the Zee-Sony merger and has attempted to harm other affiliated companies.
In a…
