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Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC Electric vehicle firm Ather Energy on Wednesday said it has raised Rs 900 crore from existing shareholders Hero MotoCorp and global investment firm GIC through a rights issue. Ather Energy said it plans to use the funds for new product launch and expansion of its charging infrastructure and retail network. “Last few years have demonstrated just how quick the EV transition in India can be and how it will be led by 2 wheelers. This round will allow us to expand our product portfolio...
Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC
Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC
Source: IANS
6/09/2023 4:37:51 PM
Japan`s SoftBank will likely sell shares in India`s Zomato Japan's SoftBank Group will likely sell shares in Indian food delivery firm Zomato as the lock-in for investors post the company's acquisition of Blinkit ends on Aug. 25, CNBC-TV18 reported on Friday, citing sources. Zomato, which acquired the quick grocery-delivery startup Blinkit for 44.47 billion rupees ($538.05 million) last year, had issued a 3.55% stake to investor Softbank as part of the deal. U.S.-based firms Sequoia and Tiger Global, who were investors in Blinkit, had a...
Japan`s SoftBank will likely sell shares in India`s Zomato
Japan`s SoftBank will likely sell shares in India`s Zomato
Source: Reuters
25/08/2023 2:31:51 PM
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - WSJ Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in its Indian e-commerce firm Flipkart and acquired private equity firm Accel's remaining 1% stake in the company as well, media reports said on Monday. The Wall Street Journal said Walmart bought the shares from Tiger Global recently, valuing the Indian company at about $35 billion. This is down from a near-$38 billion valuation which Flipkart had attained in 2021. The U.S. retailer bought a 77% stake...
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - WSJ
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - WSJ
Source: Reuters
8/08/2023 7:39:35 PM
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - Wall Street Journal Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors. A Walmart spokesperson confirmed the transaction in an emailed response to Reuters but did not comment on financial details of the deal. The transaction will value the e-commerce firm at $35 billion, the WSJ report said. "We remain confident in the future of Flipkart and are ...
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - Wall Street Journal
Walmart buys out $1.4 billion Tiger Global stake in India`s Flipkart - Wall Street Journal
Source: Reuters
31/07/2023 9:22:25 AM
Top investors urge Prime Minister Narendra Modi to reconsider 28% GST on online skill gaming An influential group of global and Indian investors like Tiger Global, DST Global, Peak XV Partners, Kalaari Capital, Matrix Partners India, and Kotak Private Equity have urged Prime Minister Narendra Modi to reconsider the decision to levy 28 per cent GST on online skill gaming. The group of investors wrote a letter to PM Modi, saying the current GST proposal will set up the most “onerous tax regime” for the gaming sector globally, which will lead to “a potential write-o...
Top investors urge Prime Minister Narendra Modi to reconsider 28% GST on online skill gaming
Top investors urge Prime Minister Narendra Modi to reconsider 28% GST on online skill gaming
Source: IANS
21/07/2023 6:00:02 PM
Accel, Tiger Global mull exiting India's Flipkart in $1.5 billion stake sale -Media Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart Inc for about $1.5 billion, the Economic Times reported on Thursday. The stake, which collectively amounts to about 5%, would raise Walmart's ownership in the e-commerce giant, the newspaper reported citing people familiar with the matter. "They (Accel and Tiger) want to sell and exit now fully. The discus...
Accel, Tiger Global mull exiting India's Flipkart in $1.5 billion stake sale -Media
Accel, Tiger Global mull exiting India's Flipkart in $1.5 billion stake sale -Media
Source: Reuters
26/01/2023 9:10:43 AM
Investors of India's GoMechanic seek audit into 'inflated' financials Major investors of Indian car service and repair firm GoMechanic have ordered a probe after they were made aware of serious inaccuracies in the startup's financial reporting. The investors - Tiger Global, Sequoia Capital and Chiratae Ventures - have jointly appointed a third-party firm to investigate the matter in detail, they said in a statement. GoMechanic's co-founder Amit Bhasin, on Wednesday, admitted errors in the company's financial reporting in a LinkedIn post. &q...
Investors of India's GoMechanic seek audit into 'inflated' financials
Investors of India's GoMechanic seek audit into 'inflated' financials
Source: Reuters
19/01/2023 11:41:01 AM
Tiger Global leads $25 mn fund-raise by India's Battery Smart EV battery-swapping provider Battery Smart on Monday said it has raised $25 million in its Series A round led by Tiger Global, along with participation from Blume Ventures and Orios Ventures. The startup said the funds will be utilised to expand to new territories, strengthen its 'Battery Assignment Technology', and build its team to continue scaling operations. "With this investment, we are focused on bringing our offerings to even more EV users pan-India, by increasing th...
Tiger Global leads $25 mn fund-raise by India's Battery Smart
Tiger Global leads $25 mn fund-raise by India's Battery Smart
Source: IANS
27/06/2022 1:27:05 PM
Tiger Global hedge fund sinks 52% this year Losses at Tiger Global Management reached 52 per cent this year, prompting the firm to cut management fees and create separate accounts for the illiquid wagers of customers who want to redeem, media reports said. Tiger Global's hedge fund sank 14.2 per cent last month, buffeted by losses in several stocks and substantial markdowns in its private assets, according to an investor letter seen by Bloomberg News and a person with knowledge of the matter. As the value of its public holdin...
Tiger Global hedge fund sinks 52% this year
Tiger Global hedge fund sinks 52% this year
Source: IANS
3/06/2022 8:37:42 AM