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Finance & Funding

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Abu Dhabi Investment Authority to invest Rs 4,966.80 crore in Reliance Retail

This investment by a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA) "will translate into an equity stake of 0.59 per cent" in Reliance Retail Ventures Limited (RRVL) on a fully diluted basisNew Delhi: Abu Dhabi Investment Authority (ADIA)...

Reliance Retail funding: Canadian pensions, Japanese conglomerates, Gulf funds line up in droves to invest

About 20 global funds and major investment firms are making a beeline to invest billions of dollars into Reliance Retail as it is widely viewed by international investors as a de facto play on India’s torrid future consumption story New...

Aditya Birla Fashion to raise Rs 750 crore

The company will raise funds on a private placement basisNew Delhi: Aditya Birla Fashion and Retail plans to raise Rs 750 crore on or after September 4 through debt bonds, the company said on Thursday.The company will raise funds...

Chips brand Beyond Snack bags $3.5million in its latest funding round

Beyond Snack will deploy the new fund infusion to accelerate its expansion and drive further innovation in the snacks marketBengaluru: Banana chips brand Beyond Snack has secured an investment of $3.5 million from Nabventures Fund, a venture growth equity...

Investment in Indian startups in H1 2023 lowest in last four years: PwC India

Investments fell by 36 per cent in January-June to $3.8 billion, as investors are taking longer time in due diligence of every aspect of businessNew Delhi: Funding in Indian startups fell by 36 per cent in January-June to $3.8...

Drools raises $60 million from L Catterton

Drools, which makes food for cats and dogs, has almost quadrupled its revenue over the past three years by building an omnichannel pan-India pet food businessMumbai: Drools Pet Food on Tuesday said it has received funding of around $60...

Tech platform Ace Turtle raises $34 million in Series B funding

Funds will be utilised to acquire long-term licenses of international fashion and lifestyle brands and expand the company’s proprietary technology stack  Bengaluru: E-commerce solution provider Ace Turtle has raised $34 million (Rs 293 Crore) as part of its Series B funding,...

L’Oreal makes strategic investment in DSG Consumer Partners

Through this investment, L'Oreal will support early-stage entrepreneurs building the next generation of insurgent consumer businesses acrospti the beauty value chainNew Delhi: French cosmetic major L'Oreal on Tuesday announced a strategic investment in DSG Consumer Partners IV, the fourth...

NCLT grants 90 days extension to Future Retail for concluding insolvency

Allowing FRL's plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRLNew Delhi: The NCLT has granted Future Retail Ltd (FRL) an extension of...

RIL in process to set up $2.4-3 billion InvIT to monetise retail warehousing assets

The company has already registered a trust with the market regulator Securities and Exchange Board of India (Sebi) in February this yearNew Delhi: Reliance Industries Ltd (RIL) has started the process to set up an infrastructure investment trust (InvIT),...

PhonePe raises $200 million in additional funding from Walmart

With this tranche, the company has raised a total of $650 million (around Rs 5,360 crore) from several global investorsNew Delhi: PhonePe, one of India's largest fintech platforms, on Friday said it has raised an additional $200 million (around...

Tiger Global offloads 1.7% stake in Delhivery for Rs 414 cr

Internet Fund III Pte, a fund managed by Tiger Global Management sold 1,23,63,060 shares, amounting to 1.70 per cent stake in the companyNew Delhi: Internet Fund III Pte, a fund managed by Tiger Global Management, on Wednesday divested a 1.7...

FreshToHome raises USD 104 million from Amazon Smbhav Venture, others

With the fundraising, the company aims to expand business including opening up of 100 physical retail storesNew Delhi: Startup FreshToHome, which sells fish meat and poultry products, has raised USD 104 million from Amazon Smbhav Venture Fund and other investors...

Reliance to invest Rs 75,000 crore in UP in 4 yrs: Ambani

Reliance Industries Ltd will invest Rs 75,000 crore in rolling out 5G mobile telephony services, expanding retail network and setting up renewable energy capacity in UPLucknow: Reliance Industries Ltd will invest Rs 75,000 crore in rolling out 5G mobile telephony...

Latest News

McDonald’s opens first drive-thru in Nagpur

Located on the Nagpur Katol Road, the new store is spread across 3,867 sq. ft. of retail spaceBengaluru: US-based...
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