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Peak XV, Alpha Wave, Hummingbird make repeat investments in Bright Money

Finance

27 September, 2023

Peak XV, Alpha Wave, Hummingbird make repeat investments in Bright Money

San Francisco-based fintech startup Bright Money has raised $62 million in a mix of debt financing and equity infusion from ......

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Grapevine: Tiger Global-backed Dream11 gets $3 bn tax notice; Akums plans IPO

General

26 September, 2023

Grapevine: Tiger Global-backed Dream11 gets $3 bn tax notice; Akums plans IPO

The Directorate General of GST Intelligence has issued pre-show cause notices to several online real money gaming companies, including fantasy ......

Legistify, abCoffee, three others raise early-stage funding

Consumer

25 September, 2023

Legistify, abCoffee, three others raise early-stage funding

Legaltech startup Legistify, coffee chain abCoffee, digital visa application platform StampThePassport and two other startups have raised early-stage funding, the ......

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Grapevine: Azure plans to raise $700 mn; Antler sets sight on debut fund's final close

General

22 September, 2023

Grapevine: Azure plans to raise $700 mn; Antler sets sight on debut fund's final close

Solar power developer Azure Power Global is weighing multiple options for a fundraise of up to $700 million to finance ......

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Grapevine: TotalEnergies looks at JV with Adani; Peak XV may invest in luggage brand

General

20 September, 2023

Grapevine: TotalEnergies looks at JV with Adani; Peak XV may invest in luggage brand

French energy giant TotalEnergies is nearing an investment in a joint venture with billionaire Gautam Adani-controlled firm, a media report ......

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VC-backed Pristyn Care's ‘uberisation' of surgeries faces multiple questions on biz practices

Healthcare

31 August, 2023

VC-backed Pristyn Care's ‘uberisation' of surgeries faces multiple questions on biz practices

Amita Panchal, a 47-year old Mumbai-based bank employee and a single mother, navigated life with the aid of crutches. Childhood ......

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How Covid-19 pushed Warburg-backed Capillary to change tack in growth drive

TMT

23 August, 2023

How Covid-19 pushed Warburg-backed Capillary to change tack in growth drive

When Covid-19 first hit businesses worldwide three years ago, software-as-a-service company Capillary Technologies India Ltd counted Asia as its main ......

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Grapevine: SoftBank sells stake in IPO-bound firm; Byju's fires more staff

General

21 August, 2023

Grapevine: SoftBank sells stake in IPO-bound firm; Byju's fires more staff

Japan’s SoftBank Group has sold its stake in an IPO-bound e-commerce firm, a media report said. Three Indian family investment offices ......

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Grapevine: JSW eyes Teck's coal business; Peak XV may back asset manager

General

17 August, 2023

Grapevine: JSW eyes Teck's coal business; Peak XV may back asset manager

Billionaire Sajjan Jindal-led JSW Steel Ltd is considering buying a 75% interest in Elk Valley Resources, the steelmaking coal business ......

Offshore online gaming firms must register business in India or appoint proxy to pay tax

TMT

11 August, 2023

Offshore online gaming firms must register business in India or appoint proxy to pay tax

The Indian government has mandated offshore online gaming companies operating in the country to register the business locally or appoint ......