Investing

Online higher education portal upGrad has made it to the unicorn list with latest funding of $185 million at a market valuation of $1.2 billion. The Ronnie Screwvala-headed edtech company raised funds from the Singapore-based Temasek, World Bank's International Finance Corporation (IFC) and IIFL in the last 60 days. The Mumbai-based edtech firm had raised $120 million from Temasek.

Market research firm Axis My India is developing a digital platform with focus on two-way communication problem solving to connect 25 crore households with it over the next three years, a top company official said. Axis My India founder and Chairman & Managing Director Pradeep Gupta told PTI that the company has plans to invest up to Rs 500 crore in the project which will be raised through debt and equity dilution.

Vested Finance, an online investment platform that enables Indian investors to invest in the US stock market, has observed a variety of investing behaviors and patterns from Indian investors on their platform for the first half of the year, 2021.

MRG World, an affordable housing major in Delhi NCR, has announced the launch of its fourth project ‘The Skyline’ in Dwarka Expressway at Sector 106. Spread over 10 acres, the project will entail an investment of Rs 350 crore and will be developed in single phase over a period of four years. For the first time in Gurugram’s affordable housing, a project is coming up with car parking/sports arena and swimming pool.

Orion, one of the largest food company in South Korea, has announced its plans of expanding in India. The company has put in an investment of INR 200 Cr in India and has set-up a 17,385-square-meter manufacturing facility for the production of Original ‘Choco-Pie’ locally and the soon to be introduced product portfolio in Bhiwadi, Rajasthan as part of its growth drive. The new plant will also cater to local taste preferences and is producing a 100% vegetarian range of Choco Pies.

Ambuja Cements Ltd, one of the top cement making companies in the country, plans to expand the production capacity of its Ropar plant in Punjab with an estimated investment of Rs. 310 crore over the next two years.

TheCapitalNet (TCN), a SaaS company driving digital transformation in the Private investment, Innovation, and Startup ecosystem globally, today announced that it has appointed Privity FZ LLE, an independent venture-focused advisory firm in the UAE, to bring the TheCapitalNet ecosystem to stakeholders across MENA, powered by Privity's strong presence and understanding of the ecosystem and the region.

The investment will be for expanding flat rolling capacity at Hirakud, Odisha, new extrusion plant at Silvassa in Dadra and Nagar Haveli, and in a greenfield site at Mundra in Gujarat with a recycling facility, Hindalco said in its Annual Report 2020-21

DigiMax Global Inc. (the "Company" or "DigiMax") (CSE: DIGI)(OTC: DBKSF), a company that provides artificial intelligence ("AI") and cryptocurrency technology solutions, is pleased to announce that it has signed its first collaboration agreement to expand CryptoHawk services into Hong Kong and surrounding areas.

Israel-based leading provider of machine learning-powered log analytics and monitoring solutions, Coralogix today announced it has raised $55 million in a Series C funding round led by Greenfield Partners, bringing the company’s total amount raised to $96 million.