Investing

Neobank Dinero, located in Hyderabad, has established a strategic agreement with India's only listed discount broker 5Paisa to assist new-age retail investors in investing in alternative low-cost investment products.

Ola is making an investment of up to Rs 786.1 crore in Ola Financial Services (OFS), which will now become a 100 per cent subsidiary of the ride-hailing platform, as per regulatory documents.

L&T Mutual Fund, one of the large fund houses in India, today announced the launch of ‘Investing ki Kashti’, a digital campaign to raise awareness about the Index fund category.

Edelweiss Asset Management Limited (Edelweiss AMC) one of India’s fastest growing AMCs, in its noteworthy addition to the Alternative Investment Funds (AIF) team, has announced the appointment of Ashish Agarwal as Managing Partner - Private Equity.

IPO-bound financial services firm, Paytm, has onboarded large institutional investors including Blackrock, CPPIB and GIC for its anchor round in which it will raise Rs 8,250 crore or $1.1 billion, sources privy to the development confirmed to Business Today.In.

Binance Labs, the venture capital arm and incubator of Binance, today announced its strategic investment in Melos Studio, an innovative Web 3.0 music NFT platform.

Bengaluru-based performing arts academy, Kafqa Academy announced that it has secured $1.3 million in pre-launch funding from leading institutional investors & tech entrepreneurs. Founded by Shariq Plasticwala, former director at Amazon India, Kafqa Academy aims to serve artists from their first step in the performing arts to their success on the largest stages in the world.

CL Educate Ltd., (NSE, BSE: CLEDUCATE), India’s only listed EdTech and MarTech entity, and owner of Career Launcher - the popular TestPrep brand, announced the sale of 2 land parcels in Faridabad and Amritsar.

Maasters Infra Group, instituted by seasoned professionals and under the patronage of five-decade-old infra company K. R. A. Engineers & Contractors, announced their first commercial project Maasters Capitol Avenue spread over 5 acres in Sector 62, Noida.

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.