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[Update] Hyundai & Kia Offload Stakes Worth INR 689 Cr In Ola Electric

India, June 3 -- Update | June 3, 10:17 PM Hyundai Motor Company and Kia Corporation together offloaded more than 13.6 Cr shares in electric vehicle (EV) maker Ola Electric in multiple bulk deals wor... Read More


Accel Offloads BlackBuck Shares Worth INR 203.8 Cr

India, June 3 -- Shortly after its Q4 financial disclosures, BlackBuck's seed investor Accel has offloaded 4.85 Mn or 48.5 Lakh shares in the logistics major through two bulk deals today. The VC firm ... Read More


Paytm Floats Singapore Subsidiary After UAE Foray

India, June 3 -- After incorporating a subsidiary for the United Arab Emirates (UAE), Paytm today announced incorporation of Paytm Singapore. The fintech giant's arm Paytm Cloud Technologies Limited ... Read More


Exclusive: Capillary Technologies Gets Board Nod For INR 2,250 Cr IPO

India, June 3 -- SaaS startup Capillary Technologies has received approval from its board to raise INR 2,250 Cr (around $263 Mn) through an initial public offering (IPO). The Warburg Pincus-backed co... Read More


Legacy Giants Ahead In EV Race, Udaan's $114 Mn Fundraise & More

India, June 3 -- Legacy Giants Race Ahead In E2W Race Ola Electric can't seem to catch a break. A few days after the Bhavish Aggarwal-led EV maker posted dreadful Q4 FY25 results, data for the month ... Read More


Sustainability-Focussed Caret Capital Marks First Close Of INR 400 Cr Fund

India, June 3 -- Sustainability-focussed Caret Capital has marked the first close of its second venture capital fund at INR 160 Cr (around $18.70 Mn), which has a target corpus of INR 400 Cr ($46.75 M... Read More


Amazon India Rolls Out INR 5 Marketplace Fee For All Users

India, June 3 -- Toeing its competitors on the ecommerce turf, Amazon India has slapped a marketplace fee of INR 5 on each order. "The marketplace fee, a common industry practice, supports Amazon's c... Read More


Exclusive: True Diamond Bags $3 Mn From India Quotient, Others

India, June 3 -- Mumbai-based lab grown diamond startup True Diamond has raised $3 Mn (INR 26 Cr) in a fresh funding round, people aware of the matter told Inc42. The round saw India Quotient joining... Read More


Aakash Moves NCLT Against EY India Over Conflict Of Interest

India, June 3 -- A week after accusing EY India of conflict of interest, Aakash Educational Services Limited (AESL) has now moved the National Company Law Tribunal (NCLT) against the consulting giant.... Read More


Aakash Moves NCLT Against EY For Meddling In BYJU's Case

India, June 3 -- About a week after accusing EY India of conflict of interest and breach of professional conduct, Aakash Educational Services has moved the National Company Law Tribunal (NCLT) against... Read More