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Google-backed Sharechat's CBO Gaurav Jain resigns

New Delhi, June 17 -- Gaurav Jain, the chief business officer of Google-backed short video platform Sharechat that also owns another reels platform Moj, has resigned from his role. "Today, we shared ... Read More


Steptrade Capital marks first close of new alternative investment fund

New Delhi, June 17 -- Financial services provider Steptrade Capital has made the first close of its third alternative investment fund to invest in emerging companies in the small and microcap segments... Read More


MakeMyTrip raising over $2.5 bn to buy back Chinese firm Trip.com's stake

New Delhi, June 17 -- Online travel aggregator MakeMyTrip plans to raise more than $2.5 billion through an offering of ordinary shares and convertible notes to buy back part of the stake held by Chine... Read More


Blackstone acquires Kolkata's South City shopping mall for $377 mn

New Delhi, June 17 -- Blackstone, the world's biggest alternative investment firm, has acquired the Kolkata-based South City Mall in a Rs 3,250 crore ($376.8 million) deal. Blackstone, which also spo... Read More


Quadria rolls out HealthQuad's third VC fund after split with Belgium's KOIS

New Delhi, June 17 -- Private equity firm Quadria Capital has taken control of venture capital firm HealthQuad after a split with Belgian impact investor KOIS Invest and unveiled its third healthcare-... Read More


Razorpay acquires majority stake in India Quotient-backed rewards platform POP

New Delhi, June 17 -- Fintech unicorn Razorpay has acquired a majority stake in consumer payment platform POP, which is backed by venture capital firms India Quotient and Unilever Ventures, as it seek... Read More


Carlyle hires former Schaeffler, GM exec as CEO of Indian auto components platform

New Delhi, June 16 -- Private equity firm Carlyle has hired an industry veteran with experience of working in a clutch of multinational companies to head its Indian auto components platform Highway Ro... Read More


Nuvie, Pehle Jaisa get early-stage funding cheques

New Delhi, June 16 -- Food and beverage startup Nuvie and fertilizer company Pehle Jaisa have secured early-stage funding in separate rounds from angel investors, venture capital firms, and startup ac... Read More


Aspora nets Series B to offer remittance, financial services to Indian diaspora

New Delhi, June 16 -- Aspora, a cross-border payments startup that provides remittance services and other products for non-resident Indians, said Monday it has closed its Series B funding round led by... Read More


IPO-bound Groww raises $200 mn from GIC, others

New Delhi, June 13 -- Billionbrains Garage Ventures, the parent company of online investing platform and mutual fund house Groww, has raised Rs 1,735 crore (around $200 million) in its Series F fundin... Read More