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Reliance Jio in advanced talk to raise $1-1.5 billion from global banks-thumnail

Reliance Jio in advanced talk to raise $1-1.5 billion from global banks

Reliance Jio Infocomm is reportedly engaged in advanced discussions with several major global banks to secure a substantial offshore syndicated loan worth approximately $1-1.5 billion (Rs 8,200-12,330 crore). 

Industry

Jul 1, 2023

Hedge Funds’ Second Half of 2023: Strategies Amid Inflation, Rate Hikes, and Decarbonization-thumnail

Hedge Funds’ Second Half of 2023: Strategies Amid Inflation, Rate Hikes, and Decarbonization

In the latter part of 2023, hedge funds are meticulously observing the repercussions of inflation, aggressive interest rate increases, and the ongoing decarbonization process on the global economy. Notably, major

Insights

Jun 30, 2023

Launching a $50 million fund to support entrepreneurs using AI is Good Capital-thumnail

Launching a $50 million fund to support entrepreneurs using AI is Good Capital

Good Capital, a seed-stage, India-focused venture capital firm, on Friday, unveiled a new $50 million fund to support founders who are utilizing Artificial Intelligence for marketing, customer service, or business operations.

Artificial Intelligence

Jun 30, 2023

Scapia; Flipkart veteran Anil Goeteti’s travel credit card startup raises $9 million-thumnail

Scapia; Flipkart veteran Anil Goeteti’s travel credit card startup raises $9 million

Over the past year, Scapia, headquartered in Bengaluru, had maintained a secretive stance but officially unveiled itself on June 15. The company proudly offers a co-branded credit card and an

Investment & Funding

Jun 28, 2023

The agritech-focused Omnivore closes its third fund at $150 million for the first time-thumnail

The agritech-focused Omnivore closes its third fund at $150 million for the first time

Omnivore, a venture capital firm that specialises in agritech, has announced the first closing of its third fund at $150 million (about Rs. 1,250 crore). The Omnivore Agritech & Climate

Finance

Jun 28, 2023

Prosus reduces Byju’s valuation to 5.1 billion; rights off investment in ZestMoney to zero-thumnail

Prosus reduces Byju’s valuation to 5.1 billion; rights off investment in ZestMoney to zero

The latest adjustment in the fair value of Prosus’ stake in Byju’s is a significant decrease, translating to an enterprise valuation of approximately $5.1 billion compared to the $22 billion

Business

Jun 28, 2023

The Executive Centre leases 200,000 square feet for Rs 100 crore-thumnail

The Executive Centre leases 200,000 square feet for Rs 100 crore

Nidhi Marwah, Group Managing Director South Asia and Middle East of The Executive Centre (TEC), a Hong Kong-based supplier of flexible workspace, told ET that the business spent Rs 100 crore in the first half of 2023 to lease more than 200,000 square feet across 8 facilities.

Investment & Funding

Jun 27, 2023

BluJ Aero raises $2.25 million in seed funding for electric aircraft manufacturing-thumnail

BluJ Aero raises $2.25 million in seed funding for electric aircraft manufacturing

BluJ Aero, an aviation start-up, has successfully raised a whopping $2.25 million in seed funding to propel its ambitious plans of developing a revolutionary hybrid-electric VTOL aircraft.

Investment & Funding

Jun 27, 2023

Oben, an electric vehicle company, has raised Rs 40 crore in an expanded pre-Series A round-thumnail

Oben, an electric vehicle company, has raised Rs 40 crore in an expanded pre-Series A round

According to the company, the cash infusion will assist it in increasing its production capacity at the Bengaluru facility to 100,000 units per year as well as meeting the working

Investment & Funding

Jun 27, 2023

Baskit, a supply chain startup, assists Indonesian middlemen-thumnail

Baskit, a supply chain startup, assists Indonesian middlemen

Large brand distributors dominate the top of the supply chain, but thousands of middlemen, including wholesalers, form partnerships with retailers at the bottom. Baskit, which was founded last year, seeks to give them tools to digitize the management of their goods and services in order to assist them acquire better rates. The Indonesian firm revealed today that it has raised $3.3 million in seed funding from Betatron, Forge, 1982, Investible, DS/X, Orvel, and Michael Sampoerna. This comes three months after a $1.5 million seed round.

Business

Jun 27, 2023

CreditAccess Grameen signs a $200 million commercial loan facility-thumnail

CreditAccess Grameen signs a $200 million commercial loan facility

The largest NBFC-MFI in India, CreditAccess Grameen, has agreed to a $200 million external commercial borrowing agreement with foreign banks and Indian bank overseas branches. Twelve banks have already made

Finance

Jun 27, 2023

The second fund from Arkam Ventures aims to raise $180 million-thumnail

The second fund from Arkam Ventures aims to raise $180 million

As the Indian venture capital firm prepares to double down on the booming “middle India” market, Arkam Ventures is pursuing its second fund, looking for $180 million, roughly tripling the

Investment & Funding

Jun 27, 2023


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