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…
Infosys co-founder N Narayana Murthy recently imparted valuable life lessons to students at Mount Everest School in Byatarayanapura. Speaking on September 3 as part of the Times of India’s ‘Teach for India’ Leaders Week, Murthy encouraged the young audience to aim beyond his own accomplishments.
When asked by a student how to emulate his success, Murthy responded, “I do not want you to…
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…
Mygate Enters Consumer Electronics with Smart Door Locks
Mygate, a leader in residential security solutions, has announced its foray into the consumer electronics market with the launch of Mygate Locks—a new range of smart door locks designed to offer enhanced home security with digital convenience. The product lineup includes three variants: Lock SE, Lock Plus, and Lock Pro, all of which enable…
Mankind Pharma Ltd, the fourth-largest pharmaceutical company in India, is gearing up to raise over ₹9,000 crore through a combination of non-convertible debentures (NCDs) and short-term commercial paper. This move is part of the company’s strategy to support its ₹13,630 crore acquisition of Bharat Serums and Vaccines Ltd (BSV), a deal first announced in late July.
The company anticipates an…
Yatra Online Ltd has announced the acquisition of Globe All India Services Ltd (Globe Travels) from Ramkrishna Forgings Ltd for ₹128 crore, aiming to enhance its corporate travel services and drive growth. The acquisition, expected to finalize this quarter, will expand Yatra’s corporate client base by 40%, adding 360 new companies to its existing roster of approximately 850.
This strategic…
Bain Capital, the global private investment firm, is set to significantly increase its investments in India, aiming to double its exposure over the next three years. Pawan Singh, Partner at Bain Capital Advisors India, revealed that the firm plans to focus on larger investments, often exceeding $500 million, in the rapidly growing Indian market.
Since launching operations in India in 2008, Bain…
Zepto, the Indian grocery delivery startup, has achieved a significant milestone with its valuation climbing to $5 billion, thanks to a recent funding round led by General Catalyst Partners. This represents a remarkable 40% increase in the company’s valuation.
The $340 million funding round also welcomed new investors Dragon Fund and Epiq Capital, while existing backers such as Lightspeed…
Emami Limited is set to acquire complete ownership of Helios Lifestyle Pvt Ltd, which is known for its men’s grooming brand, ‘The Man Company.’ This deal involves Emami purchasing the remaining 49.60% stake in Helios, bringing its total ownership to 100%. Emami already holds a 50.40% stake in Helios, making it a subsidiary of Emami Ltd.
The acquisition aligns with Emami’s strategy to…
Darwinbox has announced the promotion of Vineet Singh from Chief Technology Officer (CTO) to Co-Founder, marking a significant milestone for the HR tech platform. Founded in 2015 by Jayant Paleti, Rohit Chennamaneni, and Chaitanya Peddi, Darwinbox specializes in comprehensive HR functions including employee onboarding, attendance, and payroll. The company has garnered support from global investors…
