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Info Edge Shareholders Greenlight INR 1,000 Cr Infusion Into Its VC Fund

India, May 26 -- Consumer internet company Info Edge has received the nod of its shareholders to invest up to INR 1,000 Cr (about $118 Mn) in its latest startup-focussed fund, Info Edge Venture Invest... Read More


Aequs Ramps Up IPO Preparations, Converts Into Public Company

India, May 22 -- Aequs, a contract manufacturing company for consumer durable goods and aerospace parts, has converted into a public company, as it prepares to join the long list of new-age tech compa... Read More


Exclusive: Avanse Strengthens Board Ahead Of IPO, Appoints New Independent Director

India, May 22 -- Education loan-focussed NBFC Avanse Financial Services has appointed former Bajaj Finserv COO Rakesh Bhatt as an independent director of the company ahead of launching its INR 3,500 C... Read More


Pine Labs Converts Into Public Entity In Run-Up To IPO

India, May 21 -- In preparation for its initial public offering (IPO), fintech unicorn Pine Labs has converted into a public company. Shareholders of Pine Labs on May 16 greenlit the proposal to chan... Read More


CCI Approves Majority Stake Purchase In Nazara By Plutus, Two Others

India, May 21 -- The Competition Commission of India has approved the proposed acquisition of a majority stake or control over gaming major Nazara Technologies by Axana Estates LLP, Plutus Wealth Mana... Read More


Foxconn Doubles Down On India, Infuses $1.5 Bn In Tamil Nadu Unit

India, May 20 -- Doubling down on its India push, Apple's key supplier Foxconn has invested $1.48 Bn in its Tamil Nadu-based unit amid US President Donald Trump's diktat to the iPhone maker. In an ex... Read More


Exclusive: Oxyzo Raises INR 533 Cr Debt From Neo Group, Others

India, May 19 -- Fintech unicorn Oxyzo, the lending arm of IPO-bound B2B ecommerce startup OfBusiness, has secured INR 533 Cr (around $62.4 Mn) in a debt funding round led by Neo Group. The Ruchi Kal... Read More


GrowX Mints 17X Returns On Partial Exit From Pixxel

India, May 19 -- B2B and deeptech-focussed VC firm GrowX Ventures Fund has partially exited its investment in spacetech startup Pixxel with a colossal 17X return. GrowX first participated in Pixxel's... Read More


SC Dismisses PIL On Deepfakes Targeting Colonel Sofiya Qureshi

India, May 17 -- The Supreme Court has reportedly dismissed a public interest litigation (PIL) that sought the Court's intervention to curb AI-generated deepfake videos of Colonel Sofiya Qureshi being... Read More


Amazon Gets Board Nod To Merge Logistics Arm With Marketplace Entity

India, May 16 -- Ecommerce giant Amazon's board has greenlit a proposal to merge its Indian logistics arm, Amazon Transportation Services (ATS), with its primary marketplace entity, Amazon Seller Serv... Read More