Foreign sovereign and pension funds interested in NIIF: economic affairs secy
The government’s Rs 40,000-crore (around $6 billion) National Investment and Infrastructure Fund has been attracting a lot of interest from foreign sovereign and pension funds, economic affairs secretary Shaktikanta Das has said.In a tweet on Friday, Das also pointed out that state-owned IIFCL had been appointed as interim investment adviser ......
Logistics startup Rivigo raises $30M from SAIF Partners, others
Gurgaon-based data science-backed logistics services provider TrucksFirst Services Pvt Ltd, which operates under the brand name Rivigo, has raised $30 million (around Rs 200 crore) including a small debt finance portion, in a Series B round of funding from its existing investor SAIF Partners and others.The company plans to utilise ......
Computer Sciences Corp makes delisting offer for Xchanging
NYSE-listed Computer Sciences Corporation (CSC) has launched a mandatory open offer to acquire up to 25 per cent equity stake it doesn't own in Xchanging Solutions Ltd.The open offer has been triggered by an indirect acquisition of controlling stake in Xchanging Plc, the British parent of the Indian public-listed IT ......
Mumbai Angels backs online events planner BookEventz
BookEventz, previously called UrbanRestro, a one-stop platform for event planning requirements, has raised an undisclosed amount from angel investors led by Mumbai Angels.Other participants in this round include Singapore Angel Network (SGAN) and Zishaan Hayath, founder and CEO of Toppr.com.The new capital will be used to upgrade technology and invest ......
Paytm gets Vikas Purohit from Amazon for payments bank
Mobile wallet and e-commerce venture Paytm has appointed Vikas Purohit as vice president for its upcoming payments bank business, according to a press statement.Prior to this, Purohit worked with Amazon as the director of fashion vertical. An IIT-BHU and IIM-Bangalore alumnus, he has also worked with Tommy Hilfiger and Reliance ......
Tavaga raises seed funding through Tracxn Syndicate
Tavaga, a mobile-based social marketplace for investment managers, has raised an undisclosed amount in seed funding from a bunch of angel investors through Tracxn Syndicate, an angel network launched by Tracxn.The angel investors include Ashish Goenka, chairman and managing director of Suashish Diamonds; Utsav Somani, a Delhi-based investor and a ......
Recap 2015: When internet firms added colour to advertising industry
'Aur dikhao' said the Indian customer to internet companies, and in 2015, they did. Internet companies, from e-commerce startups to ticket booking platforms to online classifieds, made a splash across traditional media this year as they went for an advertising blitzkrieg.In 2015, the top 10 internet companies spent close to ......
Flexing It gets $500K in angel funding from PropTiger’s Agarwala, others
Flexing It, a curated marketplace that connects companies with part-time resources for consulting assignments, has raised $500,000 in angel funding from HCC Infrastructure head Arjun Dhawan, PropTiger.com CEO Dhruv Agarwala and other investors.Former McKinsey partner Tilman Ehrbeck and J Walter Thompson executive Colvyn Harris also participated in this round, as ......
Music apps eye sound business
Last month the recorded version of Prime Minister Narendra Modi's radio programme 'Mann Ki Baat' made it to music application Saavn. Users of the app could now listen to the programme in 24 languages. Similarly, when Pakistan based singer Ghulam Ali was forced to cancel his concerts in India, Times ......
SaaS startup CloudCherry close to raising Series A round
Cloudcherry Analytics Pvt Ltd, which runs customer experience management platform CloudCherry, is in advanced stage of negotiations to raise its Series A round of funding and may close the transaction as early as next month, a top company executive told VCCircle.The firm will raise $5 million (Rs 33 crore) and ......
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