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Search giant Google has acquired Sigmoid Labs, the startup behind the popular ‘Where is my Train’ app, as it looks to bolster efforts to build India-specific apps and services that appeal to first-time Internet and smartphone users in the country. Sigmoid announced that its ten-member team would become part of Google’s Next Billion User (NBU) […]

RP-Sanjiv Goenka Group has invested over Rs 500 crore to build its nascent packaged snacks business and plans to invest more to make the FMCG business over Rs 10,000 crore in the next five years. Addressing a press conference here on Thursday, Goenka said FMCG business sales is already Rs 600 crore on an annualised […]

News Corp-backed Housing. com will invest USD 5 million (around Rs 35 crore) by March next year on branding and promotion as it seeks to increase customer base on its platform, a top company official said. In January 2017, Singapore-based Elara Technologies, which owns PropTiger.com and Makaan.com, acquired Housing. com – a startup founded in […]

Agritech start-up CropIn Technology Solutions has raised $8 million in a Series B funding from Chiratae Ventures (formerly IDG Ventures India) and the Bill & Melinda Gates Foundation Strategic Investment Fund (London and Seattle). Both have invested $4 million each in the company. The latest round has taken the total funding of the firm so […]

Urban two-wheeler mobility solutions provider Wheelstreet is looking to raise around USD 3 million in the next two years to fund its expansion in India and overseas, according to a top company official. The startup will raise USD 2 million soon as it aims to list over one lakh bikes on its platform by 2021, […]

Biscuit-maker Mrs Bectors Food Specialities and auto-components maker Sansera Engineering have received markets regulator Sebi’s go-ahead to launch initial share-sale offers. Mrs Bectors Food and Sansera Engineering obtained “observations” from the Securities and Exchange Board of India (Sebi) on November 9 and November 12, respectively, showed the latest update with the markets watchdog. The two […]

The Indian economy will expand 7.4 per cent in 2018, but the growth will slow down to 7.3 per cent in the next year as domestic demand tapers on higher borrowing cost due to rising interest rates, Moody’s Investors Service said. In its report titled ‘Global Macro Outlook 2019-20’, Moody’s said the economy grew 7.9 […]

Indian companies’ investment in their overseas ventures fell by 47 per cent to $1.54 billion in September 2018, Reserve Bank data showed. Indian companies had invested $2.91 billion in their joint ventures (JVs) and wholly-owned subsidiaries (WoS) abroad during September 2017. In August, the investment by domestic companies in overseas firms was a mere $992.14 […]

Aditya Birla group chairman Kumar Mangalam Birla said that the conglomerate is planning a capital investment of $5 billion over the next three years, both in the domestic market and abroad.“Our capex plans over the next three years is about USD 5 billion across our businesses both in the country as well as in the […]

Universal Sportsbiz (USPL), the owner of fashion brands Wrogn, Imara, and Ms. Taken, has raised fresh investment of Rs 1 billion ($13.5 million) from venture capital firm Accel Partners India, valuing the fast-fashion retailer at Rs 12 billion ($160 billion). Alteria Capital Advisors, a Mumbai-headquartered investment firm, also invested Rs 65 million ($1 million) in […]