GreyOrange eyes a possible $600M US listing

greyorange us listing

Tiger Global-backed GreyOrange, a domestic robotics company is planning a US listing to raise $500-600 million.  The company is already in talks with global investment banks like Bank of America, JPMorgan, and Morgan Stanley to raise capital, which is suspected to unfold by the end of this year or next year.  Some bankers believe that […]

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PowerGrid InvIT raises Rs 3,480 Cr from anchor investors ahead of IPO

powergrid ipo

PowerGrid Infrastructure Investment Trust raised a little over Rs 3,480 crore from anchor investors before its initial public offer. It has been decided to allot 34,80,74,100 units at Rs 100 each to 47 anchor investors, bringing the total to Rs 3,480.74 crore, according to a circular uploaded on the BSE website. The anchor investors include […]

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Finnable funding

finnable funding

Ranjan Pai-led MEMG family office is investing Rs 40 crore in fintech startup Finnable for a significant minority stake. Finnable is a three-year-old startup and has developed a digital lending platform that approves loans in real-time to customers who are not able to approach the banks for their urgent loan requirements. An absence of previous […]

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Route Mobile to acquire AI firm Phonon for Rs 29 Cr

Communication platform company Route Mobile will take over AI platform provider Phonon Communications Pvt Ltd in an all-cash transaction for Rs 29 crore, to provide automation and contact center solutions to enterprises globally. Upfront consideration will be paid out after closing of the deal and deferred consideration will be paid out in four tranches, the […]

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Zomato’s shareholders offload $319M worth stake in secondary deals before IPO

zomato ipo

Zomato filed its Draft Red Herring Prospectus for its IPO with the market regulator on Wednesday to raise $1 billion and as per the draft, seven of its stakeholders have sold more than $319 million shares in a secondary transaction closed in February 2021. The stakeholders who partially exited from Zomato include Blume Ventures, Alipay, […]

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Upgrad to raise $40M in funding from IFC

Upgrad has closed another funding round of $40 million from the World Bank arm IFC, reducing the promoters’ stake in the company to 75%. It had recently raised $120 million from Singaporean investor Temasek Holdings. The capital infusion of $160 million in two quick rounds takes the startup closer to unicorn status, valuing the Mumbai-based […]

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FirstCry to launch $75M Thrasio-style investment venture

firstcry funding

Firstcry will launch the country’s largest Thrasio-style investment venture with $75 million in capital commitment from investors such as SoftBank, TPG, ChrysCapital, and Premji Invest, sources revealed. Global Bees will buy, strengthen and fast-track the growth of brands that sell products on e-commerce marketplaces in the country. The model popularised by US-based Thrasio, the world’s […]

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Competition Commission approves BigBasket’s 64% stake sale to Tata Digital


The Competition Commission of India (CCI) has approved Tata Sons’ offer to obtain a majority stake in BigBasket, gearing up for a clash of the leaders in India’s fast-growing online grocery segment. Tata Digital had asked for CCI’s approval to acquire a 64.3% stake in Supermarket Grocery Supplies, the B2B arm of BigBasket, via a […]

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