Delhivery-IPO bound start-up raises $100 Mn from FedEx Subsidiary

Homegrown logistics company Delhivery has got funds of $100 million in equity from FedEx Express, a subsidiary of one of the world’s largest transport companies FedEx Crop. Both Delhivery and FedEx Express India also have set foot into equity and commercial agreements that will utilize their combined muscle to explore and unlock India’s international trade potential.  As per the companies’ joint...

Vedantu buys Ahmedabad-based Ed-tech Pedagogy in 28.5 Cr

Vamsi Krishna led, Ed-tech giant Vedantu has acquired Ahmedabad-based start-up Pedagogy. The payment deal is fixed in cash and stocks. This is the second time Tiger Global backed company Vedantu buys another business after gaining doubt-solving app Instasoly in February 2020.  As per regulatory filings, the deal at which both the companies agree is, Vedantu will acquire 100% stakes in...

Ola Electric raises Debt of $100 Mn from Bank of Baroda

Ola Electric, an Indian Electric Vehicle unit of ANI Technologies Pvt. Ltd., is raising US $100 Mn. from the Public Sector Undertaking, Bank of Baroda (BOB). This is termed the largest long-term debt financing agreement in the Indian EV industry. The reason behind this debt is to partially finance the first phase of construction of the world’s largest electric two-wheeler...

Paytm coming with Rs. 16,600 Cr. IPO by the end of the year

The Noida-Based company is expected to release its DPHP (Draft Red Herring Prospectus) in the coming weeks and anticipate coming with an IPO by the end of 2021. Shareholders of Paytm’s holding company on Monday approved a resolution in its extraordinary general meeting, according to which, the company will come with an IPO of Rs. 16,600 Cr. in which Rs....

Zomato IPO: All you want to know about

After two days Gurugram based Food-tech company, Zomato will hit the primary market and become a public company. In its 13 years-long journey in which foodiebay became Zomato Private Limited, Zomato has faced many challenges and competition from the market and its rivals.  Some days ago, when Zomato filed its RHP (Red Herring Prospectus) with BSE (Bombay Stock Exchange), it...

PhonePe in talk to buy India Mobile platform Indus OS for $60 Mn

Walmart-owned digital payment and financial services company PhonePe is going to acquire Samsung backed Indus OS, an indigene mobile platform that works as a third-party mini android app store. The deal has yet to close, and as per the sources, it values at $60 Million. Following the deal, the investors of Indus OS will leave the company with cash, and...

CRED surge $215 Million in its Series-D funding round and entered Unicorn Club

Fintech start-up CRED has completed its Series-D funding round with $215 Mn. This round is led by the existing investors Coatue Management and a newly added investor Falcon Edge Capital. This round surge the valuation of the credit card payment platform CRED at $2.2 Bn which is more than twice as compared to January this year. The company will also...

Amazon acquire retail-Tech start-up Perpule

E-commerce giant Amazon has acquired retail-based, tech-start-up Perpule. As per the regulatory files by Perpule, Amazon has paid Rs. 107.6 crore in all cash for acquisition. According to a Mint report, Amazon is expected to pay around Rs. 42.4 crore to the employees of Perpule as an extra remuneration which increases the total deal amount to Rs. 150 crores.    Till...

Pizza Delivery Boy, turned out to be a successful entrepreneur with 15 Cr. Turnover

There are no secrets of success, it is a result of preparation, hard work, and learning from failure.  This beautiful quote by Colin Powell has really suited the life of Mr. Sunil Vashisht, who has no money even to complete his schooling and now has an empire of 15 Cr. Turnover per year. Sunil works hard and focuses his mind...

Dream11 Parent Co. gained second-round funding of $400Mn. before IPL

Bengaluru-based Dream sports, which owned online fascinate sports platform Dream11, has begged a US $400 Mn. in its second round. This led the company valued at US $5 Bn. which is nearly double the value in a small span of six months from its last funding of US $225 Mn in September 2020. This round of funding is initiated...