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PhonePe's FY23 revenue jumps 77%, turns Ebitda positive on adjusted basis

TMT

18 October, 2023

PhonePe's FY23 revenue jumps 77%, turns Ebitda positive on adjusted basis

Walmart-owned Indian digital payments unicorn PhonePe's revenue surged 77% during the year ended March 2023, on the back of rapid ......

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Mirae Asset set to double down on India startup

Infrastructure

09 October, 2023

Mirae Asset set to double down on India startup

South Korean asset manager Mirae Asset Global Investments, which invests via multiple private and public equity-focused vehicles, is all set ......

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Lenskart backer TR Capital opens second office in India

Finance

06 October, 2023

Lenskart backer TR Capital opens second office in India

Secondaries-focused private equity firm TR Capital has opened its second office in India, as it expands its operations in the ......

Flipkart backs four early-stage startups via $100 mn fund

TMT

26 September, 2023

Flipkart backs four early-stage startups via $100 mn fund

Walmart-owned Flipkart has invested in four early-stage startups through its $100 million venture fund, Flipkart Ventures.    Fintech startup Castler, healthtech ......

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Grapevine: TotalEnergies looks at JV with Adani; Peak XV may invest in luggage brand

General

20 September, 2023

Grapevine: TotalEnergies looks at JV with Adani; Peak XV may invest in luggage brand

French energy giant TotalEnergies is nearing an investment in a joint venture with billionaire Gautam Adani-controlled firm, a media report ......

Former Flipkart executive's startup snags $6.7 mn from Blume, others

TMT

19 September, 2023

Former Flipkart executive's startup snags $6.7 mn from Blume, others

E-commerce startup Flash, floated by Flipkart’s former senior vice-president Ranjith Boyanapalli, on Tuesday said it has raised pre-Series A funding ......

Flipkart parent Walmart names new head of international division

Consumer

17 August, 2023

Flipkart parent Walmart names new head of international division

Walmart Inc on Wednesday promoted Kathryn McLay, CEO of its Sam's Club unit, to head its $100 billion international business ......

SoftBank-backed Meesho posts first-ever profit, plans IPO in 12-18 months

TMT

07 August, 2023

SoftBank-backed Meesho posts first-ever profit, plans IPO in 12-18 months

Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 ......

Walmart buys Tiger Global's stake in Flipkart at $35-bn valuation

TMT

31 July, 2023

Walmart buys Tiger Global's stake in Flipkart at $35-bn valuation

Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street ......

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Grapevine: Blackstone plans buyout; Waaree, Vedanta, Whatfix in funding news

General

18 May, 2023

Grapevine: Blackstone plans buyout; Waaree, Vedanta, Whatfix in funding news

Private equity firm Blackstone is set to acquire a diamond grading firm at an enterprise value of $500-550 million, a ......