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Grapevine: Ex-Cognizant CEO raising PE fund in America; Acme Solar to sell projects

General

21 September, 2020

Grapevine: Ex-Cognizant CEO raising PE fund in America; Acme Solar to sell projects

Former Cognizant chief executive Francisco D’Souza is raising a $1 billion (Rs 7,335 crore) private equity fund in the US...

Abu Dhabi fund Alpha Wave leads funding for e-commerce platform Foxy

TMT

14 September, 2020

Abu Dhabi fund Alpha Wave leads funding for e-commerce platform Foxy

EkAnek Networks Pvt Ltd, which operates personalised e-commerce platform Foxy, has raised Rs 40 crore ($5.44 million) in a Series...

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Digital lender Avail Finance's valuation rises three-fold as Falcon Edge joins as investor

TMT

27 August, 2020

Digital lender Avail Finance's valuation rises three-fold as Falcon Edge joins as investor

Avail Finance, a digital lender that seeks to provide instant collateral-free personal loans, has raised its Series B round of...

Podcast: goDutch co-founder on how it aims to make a mark in group payments

TMT

26 August, 2020

Podcast: goDutch co-founder on how it aims to make a mark in group payments

Financial technology, or fintech, is one of the most-funded sectors in India’s startup ecosystem today. Companies and investors...

Grapevine: PE firms to exit ISP Atria; Blackstone to consolidate office assets

General

25 August, 2020

Grapevine: PE firms to exit ISP Atria; Blackstone to consolidate office assets

Private equity firms True North and TA Associates, which own more than 90% in India’s largest non-telco internet service...

Grapevine: Adani eyes coal-fired plant; Carlyle to invest in Axis Bank

General

20 August, 2020

Grapevine: Adani eyes coal-fired plant; Carlyle to invest in Axis Bank

Adani Power is looking to acquire a 414 megawatt (MW) coal-fired plant near Chennai from OPG Power Ventures for up ......

Sequoia, Matrix-backed fintech startup FPL gets new investor in Series A round

TMT

18 August, 2020

Sequoia, Matrix-backed fintech startup FPL gets new investor in Series A round

Fintech startup FPL Technologies Pvt. Ltd, founded by three former ICICI Bank executives last year, said on Tuesday it has ......

Grapevine: Practo raises down round; RIL hardnosed on Amazon in Future Retail

General

17 August, 2020

Grapevine: Practo raises down round; RIL hardnosed on Amazon in Future Retail

Online healthcare portal Practo has raised $32 million (Rs 240 crore) in a new round of funding led by Chinese ......

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Park+ founder Amit Lakhotia on building revenue streams, using VC money and more

TMT

14 August, 2020

Park+ founder Amit Lakhotia on building revenue streams, using VC money and more

Amit Lakhotia, a former Paytm and Tokopedia executive, founded Park+ in July last year seeking to create a business opportunity ......

Digital lender ZipLoan secures debt funding from Strides Ventures

TMT

12 August, 2020

Digital lender ZipLoan secures debt funding from Strides Ventures

Online lending platform ZipLoan has raised Rs 15 crore (about $2 million) in debt funding from Strides Ventures. This is Strides...

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