Tag "investment"

ByteDance expands itself in e-book business with an investment of $165M

By : CIOL Bureau

ByteDance has agreed to invest 1.1 billion yuan ($165.6 million) in Chinese e-book reader and publisher Zhangyue. With this investment, the TikTok owner will get an 11.23 per cent stake in Zhangyue. The funding will be done through ByteDance’s wholly-owned

Travis Kalanick launches investment fund focused on India and China

By : CIOL Writers

Uber’s former CEO Travis Kalanick is launching a new investment fund called the 10100 Fund that will focus on “large-scale job creation.” Investment areas are to include real estate, e-commerce and emerging innovations in China and India. The fund will be directly overseen

Singtel to invest Rs 2649cr in Bharti Telecom

By : CIOL Writers

Singapore Telecommunications Limited (Singtel) announced that it will invest Rs 2649 crore in Bharti Telecom Limited, the promoter company of Airtel. The transaction is subject to the Bharti Telecom shareholders’ approval. The transaction comes within 23 months of Singtel’s participation in

Softbank invests €460M in car dealer platform Auto1

By : CIOL Writers

Japanese conglomerate SoftBank has agreed to invest €460M ($561 million) in Berlin-based online car dealer Auto1. The investment will be made through Vision Fund, a $93bn technology fund that SoftBank and its founder Masayoshi Son manage. Berlin-based Auto1, founded in 2012, buys

Razorpay raises $20M in Series B led by Tiger Global

By : CIOL Writers

Digital payments startup Razorpay has closed its Series B funding round of $20 million led by existing investors Tiger Global and Y Combinator; the round also saw the participation of Matrix Partners. The company will use the funds for its

Lendingkart raises money from Dutch Development Bank

By : CIOL Writers

Lendingkart has raised Rs 30 crore in non-convertible debentures (NCDs) from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV (FMO), a Dutch development bank that invests in growth and frontier markets. “With a committed portfolio of 9.8 billion euros, FMO is one of the

Uber finally closes SoftBank’s multi-billion dollar investment

By : CIOL Writers

Uber has finally closed a multi-billion dollar investment deal led by Japanese conglomerate SoftBank. In a process known as a tender offer, which allows outsiders to buy shares in a private company at a mutually agreed upon price, some Uber employees,

IIFL fund picks minority stake in gaming firm Nazara

By : CIOL Writers

Asset management firm India Infoline Finance Ltd’s (IIFL) Special Opportunities Fund has acquired a minority stake worth Rs 330 crore in mobile game developer and distributor, Nazara Technologies. “We at Nazara, welcome IIFL AMC to join us on the exciting

Paytm invests in online lending startup CreditMate

By : CIOL Writers

One97 Communications-owned Paytm has invested an undisclosed amount in CreditMate, a Mumbai based startup which facilitates two-wheeler loans for customers without any credit history. As a part of this investment Paytm will leverage CreditMate’s proprietary credit and asset valuation technology

Saavn looks to strengthen global reach with new investors Endeavor and Senvest

By : CIOL Writers

Music streaming app, Saavn has roped in two new strategic investors- New York-based Senvest Management LLC and the global entertainment company, Endeavor from Los Angeles. For Senvest, this will be the company’s first investment in India. It has a proven track

Qualcomm invests in 9 Chinese startups including Mobike

By : CIOL Writers

Qualcomm, on Wednesday announced that it has invested in nine Chinese startups, including bike-sharing titan Mobike Technology and Beijing-based image recognition startup SenseTime using its $150 million China Venture Fund announced in 2014 which span IoT, big data, artificial intelligence and more. “Qualcomm

Amazon pumps in additional Rs 2900cr in Indian business

By : CIOL Writers

Amazon has invested another Rs 2900 crores in its Indian unit nearly matching its mammoth capital commitment of $5 billion made in June last year. While in June, Amazon India received a funding of Rs 1,680 crore, it got another boost of Rs

SoftBank agrees to a multi-billion dollar investment in Uber

By : CIOL Writers

Uber has confirmed that SoftBank has agreed upon a multi-billion investment in the ride-hailing company bringing months-long negotiations closer to their end. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment. We believe this

Ola eyeing another $100mn to expand operations

By : CIOL Writers

Local cab aggregator Ola is looking to raise another $100 million from investors, four months after it raised about $250 million from SoftBank Group, according to regulatory filings sourced from market research firm Tofler. As per the documents,  Ola’s board

Ankit Nagori invests in online fashion discovery platform Wooplr

By : CIOL Writers

Former chief business officer at Flipkart and co-founder of healthcare start-up CureFit, Ankit Nagori has invested an undisclosed amount in the online fashion discovery platform Wooplr. With this investment, Ankit Nagori will join Wooplr’s board of directors. Ankit Nagori said,

Flipkart reportedly raises $1bn from Microsoft, eBay and Tencent Holdings

By : CIOL Writers

After a short lull, Indian e-commerce giant, Flipkart once again looks all geared up with a beefed up war chest to take on its rivals. Amidst ever increasing competition and several fundraising speculations, the startup has reportedly raised $1 billion

Industrybuying raises Rs. 60cr to strengthen its platform

NEW DELHI, INDIA: Industrybuying.com has announced that it has raised funding of Rs. 60 crore led by Kalaari Capital, with participation from SAIF Partners and BEENEXT. The company had raised their Series A from SAIF Partners earlier this year. The

Zivame raises Rs. 250cr and brings its app too!

BANGALORE, INDIA: Zivame, announced that it has raised Series C round of Rs 250 crore from Zodius Technology Fund and Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia. Existing investors Unilazer, IDG Ventures and Kalaari Capital

India’s security spending to rise by 8.3pc in 2015

BANGALORE, INDIA: Security spending in India is on pace to reach $1.11 billion in 2015, up 8.3 pc from $1.02 billion in 2014, according to Gartner, Inc. “Security spending will continue to grow in 2016 when revenue is projected to

Chinese drone maker catches Intel fantasy

MUMBAI, INDIA: Having made investments in PrecisionHawk and Airware, Intel has now invested more than $60 million in Chinese drone maker, Yuneec International. Yuneec is one of the global players in electric aviation. Founded in Hong Kong, the company produces a