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India: CCI okays FedEx’s acquisition of minority stake in Delhivery
As part of the agreement, FedEx has agreed to invest $100 million in Delhivery.
Indian SaaS firm Zenwork raises funding from Spectrum Equity
The strategic alliance will help the two companies explore newer avenues.
Indian EV maker Euler Motors raises additional $10m
Delhi-based QRG Investments and Holdings led the round.
Indian short video platform ShareChat’s parent in talks to raise up to $600m
The startup is expected to raise the funds at a valuation of $5b.
India: Biryani By Kilo bags $35m funding led by Falcon Edge
The biryani brand is targeting over 200 outlets by the end of 2024.
Indian housing finance company Altum Credo raises $12m led by Amicus Capital
Existing investors Aavishkaar Capital and PS Pai & family also participated.
PhonePe announces $18m ESOP buyback programme this year
Around 75% of PhonePe's 2,500-strong workforce is eligible to participate.
India: LIC likely to list by fourth quarter of March next year
The bankers are seeking a valuation of ₹8-10 trillion and may sell a 5-10% stake in the company.
Premji Invest backs India’s largest CPaaS provider Tanla Platforms
Premji Invest has been active in investing in the Indian markets for over ten years.
India’s Go Fashion raises $60.8m from anchor investors ahead of IPO
The company has decided to allocate a total of 66,10,492 equity shares to 33 anchor investors at ₹690 apiece.
