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Tencent buys stake worth $264 mn in Flipkart from Binny Bansal

Consumer

13 June, 2022

Tencent buys stake worth $264 mn in Flipkart from Binny Bansal

Chinese technology conglomerate Tencent has bought stake worth $264 million (about Rs 2,060 crore) in Flipkart from its co-founder Binny ......

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China's Tencent in talks to join ShareChat's fundraising round

TMT

03 June, 2022

China's Tencent in talks to join ShareChat's fundraising round

China’s Tencent Holdings is in talks to join the ongoing funding round of ShareChat, two people aware of the development ......

Udaan net loss little changed as revenue surges over six-fold

Finance

11 January, 2022

Udaan net loss little changed as revenue surges over six-fold

Bengaluru-based business-to-business (B2B) marketplace Udaan, owned and operated by Trustroot Internet Pvt. Ltd., managed to cut its net loss for ......

Cars24 raises $450 mn from SoftBank, Tencent, others; valuation pegged at $1.84 bn

TMT

20 September, 2021

Cars24 raises $450 mn from SoftBank, Tencent, others; valuation pegged at $1.84 bn

In its largest round of funding till date, India’s largest online marketplace for used automobiles, Cars24 Services, said on Monday ......

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Weekly Deals Wrap: Cars24 tops chart with massive funding but deal value sees sharp drop on muted M&As

Finance

10 September, 2021

Weekly Deals Wrap: Cars24 tops chart with massive funding but deal value sees sharp drop on muted M&As

The overall deal value saw an over seven-fold steep fall this week from the preceding one, despite deep-pocketed edtech giant ......

Cars24 raises fresh funding from Softbank, others

TMT

10 September, 2021

Cars24 raises fresh funding from Softbank, others

Used car marketplace Cars24 Services Pvt. Ltd has attracted SoftBank as an investor in a new funding round that is ......

South Korean gaming major KRAFTON leads Series D funding in Pratilipi

TMT

14 July, 2021

South Korean gaming major KRAFTON leads Series D funding in Pratilipi

Vernacular self-publishing firm Pratilipi has raised $48 million (Rs 357 crore) in its Series D funding round led by South ......

Flipkart raises fresh funds for $37.6 bn valuation ahead of IPO

TMT

12 July, 2021

Flipkart raises fresh funds for $37.6 bn valuation ahead of IPO

Ecommerce marketplace Flipkart has raised a $3.6 billion (about Rs 26,842 crore) funding round from a bunch of global investors ......

Policybazaar raises $75 million for UAE expansion

TMT

18 March, 2021

Policybazaar raises $75 million for UAE expansion

PB Fintech-run online insurance aggregator Policybazaar has raised $75 million in a fresh funding round led by New York-based hedge ......

Grapevine: Dutch player, NIIF eye Fourth Partner stake; Razorpay in talks with GIC, others

General

25 February, 2021

Grapevine: Dutch player, NIIF eye Fourth Partner stake; Razorpay in talks with GIC, others

Netherlands’ SHV Energy and India’s quasi-sovereign wealth fund National Investment and Infrastructure Fund (NIIF) are separately looking to buy a ......