StaffWriterlivemint
Stories by StaffWriterlivemint
India: Edelweiss AMC to convert maiden IPO fund into an open-ended fund
The fund will be re-named as Recently Listed IPO Fund and the conversion will be effective 29 June.
India: LIC hikes stake in state-run UBI to over 5%
Earlier, LIC held 3.09% stake in UBI, representing 19,79,23,251 equity shares of the bank.
Indian EV startup Magenta Power raises $16m from Indian-American philanthropist
In 2020, Magenta had raised a pre-series funding from JITO Angel Network and LetsVenture.
India: Women’s activewear brand BlissClub raises $2.25m led by Elevation Capital
Proceeds will be used for product development and marketing.
Indian women’s fashion brand High Street Essentials raises $3.5m in fresh funding
The funding round was led by existing investors Elevation Capital, India Quotient, and Dominor Holding.
India: Dukaan ties up with Dunzo, Shiprocket for delivery
The tie-ups said Dukaan will offer merchants an end-to-end solution from inventory, promotion, sales, payment to delivery.
India: Punjab National Bank raises funding via QIP route
LIC and Societe Generale, among others, have come in as PNB's investors.
Zensar Technologies to acquire US-based digital engineering firm M3bi
This acquisition will be completely funded by internal accruals.
India: Shriram City Union Finance infuses $26.6m in housing finance subsidiary
The company said the funds will be used to provide growth capital to the fast-growing housing finance unit.
Indian deep tech startup Myelin Foundry raises $1m pre-series A led by Beyond Next
Existing investor, Endiya Partners, also participated in the round.
