Wednesday, October 20, 2021

CarDekho raises $250mn in pre IPO round, reaches Unicorn status with $1.2bn valuation

CarDekho, India’s largest car search platform, has announced a $250mn round of funding that included $200mn Series E equity and $50mn debt in its pre IPO round. With the latest fundraising, CarDekho joins the unicorn club with a valuation of $1.2bn and becomes the first unicorn based in Jaipur, Rajasthan.

HCAH Plans to Invest Rs. 200-300 Crores in HCAH SuVitas to Add 1500 Transition...

SuVitas, a Hyderabad based transition care start-up was recently acquired by Delhi NCR based healthcare outside hospital pioneer HCAH backed by the Burmans of Dabur Group and Quadria Capital. HCAH plans to invest around Rs. 200-300 crores in HCAH SuVitas to expand its capacity across India (Delhi NCR, Mumbai, Bangalore, Kolkata, Hyderabad, Chennai, Pune & Ahmedabad) by adding 1500 beds in 30 transition care centers in over next 2-3 years.

ZebPay introduces India’s first global crypto Electronic OTC Desk for HNIs and institutional investors

ZebPay, India’s most secure and most trusted crypto asset exchange, has launched India’s first global Electronic Over-The-Counter (OTC) Desk for large volume traders and institutional investors globally.

E-KYC has been a Game Changer in Adding More Investors to Securities Market: G...

E-KYC has played a tremendous role in adding investors to the securities market as one can open a Demat, trading account in less than 15 minutes and be a part of it, said Shri G P Garg, Executive Director, Securities and Exchange Board of India, at the Global FinTech Fest.

Appreciate – Your trusted partner to access better returns through smarter, global investing

Indian investment interest in Global Equities has increased exponentially in the past 2 years, as evidenced by social media mentions and trends. And for good reason - over the past decade, the US S&P 500 has delivered 10% more returns than the BSE/NSE key indices, while individual high value US stocks have sometimes yielded returns of over 1,000%+.

Interest in sustainable investing in India is at an all-time high

Standard Chartered’s latest survey into the sustainable investing trends among the emerging affluent, affluent and high net worth investors revealed that sustainable investing is at a tipping point, with awareness and interest at an all-time high. However, investor apprehensions – lack of measurement and transparency – are preventing sustainable investing from becoming more mainstream.

FloBiz, neobank for Indian SMBs, raises $31 Mn in Series B from Sequoia Capital...

FloBiz, a neobank for the growing Indian SMBs, has raised $31 million in Series B round led by Sequoia Capital India, Think Investments and its existing investors Elevation Capital & Beenext. The capital will be deployed for team expansion, product development and scaling distribution to serve more businesses.

MediaTek Scales up R&D to Strengthen Presence in India

MediaTek, the world’s 4th largest global fabless semiconductor company and a frontrunner in the R&D segment, announced significant hiring plans in FY 2022 as part of the R&D facility expansion and commitment to the India Market. With a focus on developing an innovative and comprehensive range of solutions, MediaTek is looking to hire across offices in India, with a focus on AI technologies, smart home/enterprise segments, 5G and wireless communications among others.

Suumaya Industries Invests in 1-India Family Mart

Suumaya Industries Ltd. (NSE Code: SUULD), an emerging diversified conglomerate group, through its 100% fully-owned subsidiary Suumaya Retail Ltd. has acquired a minority stake in the value retail chain startup Nysaa Retail Private Limited, which operates stores under the brand name 1-India Family Mart.

Jungle Ventures raises $225 mn to invest in India

Independent venture capital firm Jungle Ventures has raised $225 million to invest in startups across Southeast Asia and India. Many of its existing investors have backed the VC firm in the latest round of funding, including Temasek Holdings Pte, International Finance Corp. and German development finance institution DEG.

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Sensex falls over 100 points, Nifty below 18,350

Indian benchmark indices opened lower today, led by losses in consumer durables and metal stocks amid positive global cues. Sensex fell 132 points to 61,589 and Nifty slipped 73 points to 18,345.

Jeep India launches ‘Mission One Earth’ to promote Responsible Adventure

Jeep India, today announced the launch of its flagship Corporate Social Responsibility (CSR) initiative called ‘Mission One Earth’. This initiative, through various programs, will encourage Jeep Customers and Community to enjoy adventures responsibly.

Edelweiss announces divestment of its Insurance Broking business

Edelweiss Group, India's leading diversified financial services firm today announced the divestment of its majority stake in Edelweiss Gallagher Insurance Brokers Ltd (EGIBL), post-approval from the Insurance Regulatory and Development Authority of India (IRDAI).