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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...

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...

Unicommerce records 50% revenue growth in FY’23

The company has achieved an annual run rate of processing over 600 million transactions amounting to over $7 billion in annual gross merchandise value New Delhi: Softbank-backed Saas platform Unicommerce has registered a 50 percent growth in revenue driven by...

Softbank offloads 3.8% stake in Delhivery for Rs 954 cr

Softbank's arm SVF Doorbell (Cayman) divested 3.8% of its stake in supply chain company Delhivery for Rs 954 crore New Delhi: Japanese conglomerate Softbank's arm SVF Doorbell (Cayman) on Wednesday divested 3.8 per cent of its stake in supply chain company...

RIL Group deals account for 45 pc of US$ 26.3 bn PE-VC investments

The US$ 12.1 billion invested by global private equity and sovereign wealth funds in Reliance Industries' Jio Platforms (US$ 9.9 billion) and Reliance Retail (US$ 2.3 billion) accounted for 45 percent of the total PE-VC investment value in 2020,...

Milkbasket plans to launch IPO next year

Daily grocery delivery platform Milkbasket has advanced its plan to launch an initial public offering by the second half of next year, buoyed by strong growth in business in recent months amid the pandemic, a top company executive said. Speaking...

Tough 2020 awaits Amazon, Flipkart as Reliance firms up plans

With more and more Indians taking the online route to fulfill their shopping needs, e-tailers like Amazon and Flipkart are witnessing high demands, including from far-flung and remote areas, but overall slowdown and negative sentiments - coupled with the...

BigBasket raises US$ 150 mn from Mirae, Alibaba and CDC Group

Online grocery platform BigBasket has raised about US$ 150 million from South Korea's Mirae Asset Management, UK's CDC Group, and existing investor Alibaba, according to regulatory filings. According to a PTI report: Bigbasket had raised US$ 300 million in February...

Paytm receives final tranche of US $445 mn funding from SoftBank, Alibaba

Paytm Mall has received the final tranche of its US $4 45 million (about Rs 3,000 crore) funding from SoftBank and Alibaba, a move that will give the online shopping venture of Paytm more financial muscle to take on...

SoftBank confirms selling ‘entire stake’ in Flipkart to Walmart

Japan’s SoftBank has decided to sell its over 20 percent stake in e-commerce major Flipkart to US retailer Walmart for an estimated US $4 billion. “SoftBank confirms the sale of its entire stake in Flipkart to Walmart,” a SoftBank spokesperson...
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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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