AdaniConneX, a joint venture between Adani Enterprises and US-based EdgeConneX, has successfully raised up to $1.44 billion (approximately ₹11,520 crore) to support its ambitious plans for green data centers, the company announced on Sunday.
The financing includes an initial commitment of $875 million, with an option to extend the total commitment to $1.44 billion. This latest transaction boosts…
Foxconn, the Taiwanese electronics giant, is considering a $1 billion investment to establish a smartphone display module assembly unit in Tamil Nadu, as reported by The Economic Times. This facility will be Foxconn’s first of its kind in India and aims to support Apple’s iPhone production.
The new assembly unit is set to enhance local sourcing capabilities, allowing manufacturers like…
OYO’s parent company, Oravel Stays, is set to purchase G6 Hospitality, the owner of Motel 6 and Studio 6 brands, from Blackstone Inc. for $525 million in an all-cash deal.
This acquisition marks a significant step for OYO, which has been expanding its presence in the U.S. since launching there in 2019. Currently, OYO operates over 320 hotels across 35 states and added nearly 100 hotels to its…
Moneyview, the Bengaluru-based fintech startup, has recently achieved unicorn status, marking a significant milestone in India’s burgeoning startup ecosystem. According to a report by Entrackr, Moneyview has reached a $1.2 billion valuation following its latest funding round. This new valuation positions Moneyview among the elite group of startups valued at over a billion dollars, showcasing the…
Ride-sharing platform Rapido has announced it has successfully raised approximately $200 million in its Series E funding round, spearheaded by WestBridge Capital. The round also included contributions from existing investor Nexus as well as new participants Think Investments and Invus Opportunities. This latest investment has propelled Rapido’s post-money valuation to $1.1 billion.
The new…
Arief Mohamad, the seasoned executive who recently led Flipkart’s fashion vertical, is poised to take on a new role as Chief Business Officer (CBO) at Angel One. Mohamad has formally resigned from his position at Flipkart, where he has been a significant contributor for over nine years, including his recent tenure as Vice President and Head of Fashion since November 2023.
Mohamad’s departure…
Zerodha-backed Rainmatter has recently made headlines with its latest investments, contributing INR 10 Crores each to two innovative startups: Boson Whitewater and TruNativ. The Bengaluru-based venture firm, renowned for its focus on early-stage investments in fintech, clean energy, climate tech, and healthtech, continues to expand its portfolio with these strategic funding moves.
Boson Whitewater…
BigEndian Semiconductors, a fabless semiconductor design startup, has successfully raised $3 million in a funding round led by Vertex Ventures SEA & India, with contributions from various strategic investors. The funds will be allocated to broadening the company’s engineering team, enhancing research and development capabilities, and scaling operations to meet the rising demand for advanced…
Reliance Industries (RIL) is in the spotlight on August 29, 2024, as it holds its 47th Annual General Meeting (AGM). The company’s shares have reached a new milestone, crossing the Rs 3,000 mark in early trading, buoyed by investor anticipation surrounding Mukesh Ambani’s forthcoming address. The stock traded at Rs 2,999 apiece with a market capitalization of Rs 20.29 lakh crore, touching an…
Fintech lending startup Axio has successfully raised $20 million in its latest equity funding round, led by Amazon Smbhav Venture Fund. The funding will be directed towards scaling operations, expanding use cases for checkout finance, and broadening its range of credit products to serve customers throughout their financial journeys.
This investment comes amid a surge in equity deals within the…
