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Flashback 2024: Top technology deals of the year

TMT

27 December, 2024

Flashback 2024: Top technology deals of the year

India’s technology sector revealed a contrasting pattern in 2024, with venture capital and private equity investments favoring consumer tech, while IT services ......

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Flashback 2024: Top consumer and consumer-tech deals of the year

Consumer

24 December, 2024

Flashback 2024: Top consumer and consumer-tech deals of the year

Deal activity in India’s consumer and consumer tech sectors was resilient for most of 2024 amid investors’ hope of a ......

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After Swiggy, another portfolio firm of Prosus draws up plan for mega IPO

TMT

20 November, 2024

After Swiggy, another portfolio firm of Prosus draws up plan for mega IPO

Global technology investor Prosus had recently monetised its investment in Swiggy when the food delivery and quick commerce company went ......

Meesho misses profit by a whisker; launch of logistics arm cuts cost

TMT

30 October, 2024

Meesho misses profit by a whisker; launch of logistics arm cuts cost

Prosus-backed homegrown ecommerce player Meesho, which competes with the likes of Amazon and Walmart-owned Flipkart, cut its adjusted losses by ......

Swiggy backer Prosus expects e-commerce profit to jump in 2025, more IPOs in India

TMT

21 October, 2024

Swiggy backer Prosus expects e-commerce profit to jump in 2025, more IPOs in India

Dutch technology investor Prosus NV expects adjusted profit at its e-commerce business to surge to $400 million this fiscal year ......

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Barring Byju's write-off, how Prosus' India portfolio fared in FY24

General

26 June, 2024

Barring Byju's write-off, how Prosus' India portfolio fared in FY24

Global technology investor Prosus recently wrote off one of its largest bets ever in beleaguered education company Byju’s, marking a ......

General Catalyst acquires VC firm Venture Highway

Finance

20 June, 2024

General Catalyst acquires VC firm Venture Highway

US-based venture capital firm General Catalyst, which makes early-stage and growth equity investments globally, has acquired Indian VC firm Venture ......

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Grapevine: Meesho may upsize funding round; Dorf Ketal plans IPO

General

16 April, 2024

Grapevine: Meesho may upsize funding round; Dorf Ketal plans IPO

Several VC firms are showing interest in Meesho's latest funding round, which is now expected to raise $500-$650 million (Rs 4,175-5,428 crore), ......

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Grapevine: Meesho set to snap up $300 mn; Carlyle weighs options for Hexaware

General

26 March, 2024

Grapevine: Meesho set to snap up $300 mn; Carlyle weighs options for Hexaware

E-commerce platform Meesho is set to secure a $300-million (Rs 2,500 crore) investment from Tiger Global, SoftBank and others, a ......

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Grapevine: Carnelian raising $600 mn PIPE fund; Mars Growth may buy into Meesho

General

21 March, 2024

Grapevine: Carnelian raising $600 mn PIPE fund; Mars Growth may buy into Meesho

Carnelian Asset Management & Advisors, led by Vikas Khemani, is gearing up to raise Rs 5,000 crore ($600 million) for ......