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Ratan Tata-backed BlueStone valuation tops $410 mn in latest round

Ratan Tata-backed BlueStone, a leading omnichannel jewellery retailer, has raised over $30 million in funding at a valuation of $410 million. The funding round was led by Sunil Kant Munjal, Chairman, Hero Enterprise, who is an acknowledged go-to investor for many startups across stages. BlueStone is India’s largest omnichannel precious jewellery brand with a design-led approach and with fresh collections being updated every month.

Bounce to set up 300 charging stations for Greavesin 10 Indian cities

In a bid to provide battery swapping stations for Greaves electric vehicles in India, domestic smart mobility solution Bounce Infinity on Tuesday announced that it plans to set up 300 charging stations each in 10 cities acrossthe country. With this partnership, Greaves Retail becomes the first company to have hopped on to the Bounce Infinity battery-swapping network. The company has identified Bengaluru as the pilot city for this project. Also, the battery swapping service will be for both electric 2-wheelers (Ampere) and 3- wheelers(B2B and B2C segments).

Resolution talks between Future Group-Amazon failed: Lawyerstell SC

An out-of-court dialogue between Future Group, Reliance Industries and Amazon to resolve the legal battle for Future Group's assets has not led to a resolution, Future Coupons and Amazon's counsels told the Supreme Court (SC). On March 3, Amazon had proposed a dialogue with Future Group and Reliance Industries to end the legal deadlock and SC had given them time till March 15 to come up with a settlement. Also, Amazon told SC that it would like to begin arbitration proceedings in Singapore which were put on hold by the Delhi High Court. Future Group agreed to this.

Licious raises $150 mn to invest in technology and strategic acquisitions

Licious, India’s largest tech-first, fresh animal protein brand, has raised $150 million in a Series F2 funding round. This round of fundraise comes just 6 months after the company became the first direct-to-consumer (D2C) unicorn or a startup with over $1 billion valuation in the country. Series F2 is led by Singapore based Amansa Capital, along with Kotak PE & Axis Growth Avenues AIF - I. Existing investors have also participated in the round along with prominent angel investors including Nithin Kamath and Nikhil Kamath of Zerodha, BoAt’s Aman Gupta and Haresh Chawla, Partner, True North.

Chinese banks seek FM's intervention in Reliance Infratel's resolution plan

Chinese banks have written to Finance Minister Nirmala Sitharaman on the delays in the implementation of the Resolution Plan for Reliance Infratel Limited. China Development Bank, Export Import Bank of China, Shubh Holdings Pte. Ltd. and SC Lowy Asset Management have written to the finance minister and IBBI Chairman in their respective capacities as financial creditors of Reliance Infratel Limited (RITL)

Samsung to set up compressor plant in TN at outlay of Rs 1,588 cr

South Korean tech giant Samsung will set up a compressor plant at an outlay of Rs 1,588 crore near here, a senior group official said on Tuesday. Spread over 22 acres, the new plant will have a capacity to make eight million units per year.

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