MUMBAI: Private equity giant KKR has invested in cloud kitchen startup Rebel Foods, which owns brands like Behrouz Biryani and Faasos. The deal amount was not disclosed but it is understood to be a secondary transaction conducted at a lower valuation of around $800 million. KKR said it will back the firm’s expansion. Source link
MUMBAI: After two years of funding slump, investments into India’s startups are seeing some revival. Investors infused about $11.3 billion into startups this year, a slight improvement from funding worth $10.7 billion recorded last year, data sourced from market research firm Tracxn showed. In the coming year, companies are expected to see a sizeable amount…
MUMBAI: About one-third of the 388 founders of India’s 200 most valuable companies that started on or after year 2000 are IITians, says a joint study by Hurun India and IDFC First Bank. IIT Delhi, alma mater to startup poster boys Sachin and Binny Bansal, leads the pack with 36 founders having graduated from there….
NEW DELHI: The Securities and Exchange Board of India (Sebi) on Wednesday announced stricter regulation for small and medium enterprises (SMEs) initial public offerings (IPOs) to address concerns around transparency, governance, and the misuse of funds in the SME segment.The market regulator said that these will strengthen the SME IPO market, improve the quality of…
NEW DELHI: Investment bank DAM Capital Advisors on Wednesday said it has raised Rs 251 crore from anchor investors, a day before opening of its initial share-sale for public subscription. Nomura, Goldman Sachs, HSBC, Societe Generale, Nippon India Mutual Fund (MF), HDFC MF, Kotak MF, and Aditya Birla Sun Life MF are among the anchor…
HYDERABAD: The Telangana govt has inked a Memorandum of Understanding (MoU) with ITServe Alliance, one of the largest associations of IT companies in the United States, with an eye on creating 30,000 new jobs in Tier-2 and Tier-3 towns of the state as part of the govt’s bid to decentralise It sector growth.As part of…
Motilal Oswal Financial Services has a ‘buy’ recommendation on Kirloskar Oil Engines with a target price of Rs 1,540 (+39%). Despite near term weakness seen in its key power generation segment, Analysts at MOFSL are positive on Kirloskar Oil Engines based on its strategy to grow share of high kVA rating products over medium to…
Given the current uncertain conditions, market experts recommend maintaining protective positions. (AI image) At 9:16 AM, BSE Sensex was trading at 80,576.37, down 108 points or 0.13%. Nifty50 was at 24,295.85, down 40 points or 0.16%.Broad-based negative sentiment dominated domestic markets on Tuesday as investors awaited crucial US Fed policy decisions. Analysts indicate that if…
Obtaining a new PAN card under PAN 2.0 isn’t compulsory. (AI image) PAN 2.0: The Modi government recently gave its not for the PAN 2.0 project, which offers PAN cards with enhanced features, including secure data storage in a dedicated vault, better QR code functionality for convenient access, and unified PAN/TAN services through a single…
HYDERABAD: Aurobindo Pharma’s wholly-owned subsidiary, CuraTeQ Biologics Private Limited, received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European drug regulatory body, the European Medicines Agency (EMA), for its filgrastim biosimilar, Zefylti. The committee recommended granting marketing authorisation.The Hyderabad-based company stated that Zefylti is its first biosimilar to…
