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Finance & Funding

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Reliance Retail $3-4 billion funding: Canadian pensions, Japanese conglomerates, Gulf funds line up in droves to invest

Reliance Retail could raise about $3-4 billion by shedding around 3-4% stake in RRVL in the fresh round as the company looks to retire its debt and make the country’s largest retailer virtually debt-free before a possible initial public...

Aditya Birla Fashion to raise Rs 750 crore

The company will raise funds on a private placement basis New Delhi: Aditya Birla Fashion and Retail plans to raise Rs 750 crore on or after September 4 through debt bonds, the company said on Thursday. The company will raise funds...

Softbank sells 1.16% stake in Zomato for Rs 947 crore

Softbank through its affiliate SVF Growth (Singapore) Pte offloaded the shares of Zomato on the National Stock Exchange New Delhi: Japanese conglomerate Softbank on Wednesday divested a 1.16 per cent stake in online food ordering company Zomato for Rs 947...

D2C Wellness Brand What’s Up Wellness raises seed funding of Rs 14.40 crore led by Unilever Ventures

What’s Up Wellness will utilize the funds to ramp up its team, scale its operations and develop an array of new products Mumbai: Gurugram-headquartered digital-first wellness brand What’s Up Wellness has raised equity funding of Rs 14.40 crore in its...

Ice cream brand Go Zero raises $1 million in pre-series A funding

The funding round was led by DSG Consumer Partners, Saama, V3 Ventures and other angel investors Bengaluru: Mumbai-based Ice cream brand Go Zero has secured $1 million in its pre-Series A funding round, the company said in a press release on...

Chips brand Beyond Snack bags $3.5million in its latest funding round

Beyond Snack will deploy the new fund infusion to accelerate its expansion and drive further innovation in the snacks market Bengaluru: Banana chips brand Beyond Snack has secured an investment of $3.5 million from Nabventures Fund, a venture growth equity...

Investment in Indian startups in H1 2023 lowest in last four years: PwC India

Investments fell by 36 per cent in January-June to $3.8 billion, as investors are taking longer time in due diligence of every aspect of business New Delhi: Funding in Indian startups fell by 36 per cent in January-June to $3.8...

E-commerce operators face problem in GST drive to check fake registration

MakeMyTrip Group VP -Taxation said, GST officials should enquire with head offices with regard to virtual offices before categorizing the state registration as a fake entity  New Delhi: The pan-India drive against fake GST registration has created problems for e-commerce companies...

Fast-fashion brand French Crown raises Rs. 8.6 crore from Velocity

The funding will be utilised to expand French Crown’s international presence Bengaluru: Gujarat-based fast-fashion brand French Crown has raised Rs. 8.6 crore over multiple tranches from a financial technology firm Velocity, the retailer said in a press release. The funding will...

Drools raises $60 million from L Catterton

Drools, which makes food for cats and dogs, has almost quadrupled its revenue over the past three years by building an omnichannel pan-India pet food business Mumbai: Drools Pet Food on Tuesday said it has received funding of around $60...

Welspun One Logistics Parks raises Rs 500 cr under second AIF in initial phase

WOLP Fund 2 was launched in March and aims to raise a corpus of Rs 2,000 crore, including a green-shoe option of Rs 1,000 crore Mumbai: Welspun One Logistics Parks (WOLP) on Monday said it has successfully concluded the initial...

Supply chain tech firm Pando raises $30 million in Series B funding

The funds will be used to drive Pando’s growth across geographies and industries Bengaluru: Supply chain software startup Pando has raised $30 million in a Series B funding round bringing total capital raised so far to $45 million, the company said...

Tech platform Ace Turtle raises $34 million in Series B funding

Funds will be utilised to acquire long-term licenses of international fashion and lifestyle brands and expand the company’s proprietary technology stack  Bengaluru: E-commerce solution provider Ace Turtle has raised $34 million (Rs 293 Crore) as part of its Series B funding,...

L’Oreal makes strategic investment in DSG Consumer Partners

Through this investment, L'Oreal will support early-stage entrepreneurs building the next generation of insurgent consumer businesses acrospti the beauty value chain New Delhi: French cosmetic major L'Oreal on Tuesday announced a strategic investment in DSG Consumer Partners IV, the fourth...

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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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