Groww looks to expand offerings

The Bengaluru-based company now offers direct investments in mutual funds, stocks, initial public offerings, digital gold, and exchange traded funds. It is backed by fintech investor Ribbit Capital, YC Continuity Fund, and Propel Ventures, apart from Tiger Global and Sequoia. The company has raised more than $142 million from investors, of which $113 million came … Read more

StashAway to raise $25 million USD in Series D funding round led by Sequoia Capital India

  DUBAI, UAE, April 26, 2021 /PRNewswire/ — StashAway is raising $25 million USD in its Series D funding round led by Sequoia Capital India, one of the region’s leading venture capital firms. StashAway’s existing investors, Eight Roads Ventures, the global investment firm backed by Fidelity International and early investor in Alibaba; and Square Peg, the largest venture capital fund in Australia, also participated in the round. The … Read more

Gautam Adani: From a commodities trader to India’s second-wealthiest person, the incredible journey of Gautam Adani

After spending two decades building a business empire centered around coal, Indian billionaire Gautam Adani is now looking beyond the fossil fuel to cement his group’s future. His ambitious plans are getting a boost from Prime Minister Narendra Modi. Adani has emerged as India’s infrastructure king, diversifying from mines, ports and power plants into airports, … Read more

China launches an antitrust investigation into Alibaba as its crackdown on Jack Ma’s tech empire continues

Chinese regulators announced measures to crack down on Jack Ma’s Alibaba and Ant Group on Thursday. Beijing will investigate e-commerce site Alibaba, co-founded by Ma, over alleged anti-monopolistic practices, and urge fintech Ant Group to implement stricter financial regulations, regulators said. Ant Group’s IPO, which would have been the world’s biggest-ever, was halted in November … Read more

Byju’s onboards new investors, valuation now at $11.1 bn

Online education startup Byju’s on Tuesday said BlackRock, Sands Capital and Alkeon Capital have joined as new investors, as part of the ongoing $500-million fundraising round. Earlier this month, Byju’s raised funds from a group of investors, including private equity firm Silver Lake Partners along with existing investors General Atlantic, Owl Ventures and Tiger Global … Read more

Reliance 1st online AGM to feature brand-new virtual platform, Chatbot

Reliance Industries, India’s most valuable company, will hold its first online AGM on Wednesday and it promises to be a much bigger affair with a brand-new virtual platform that can log more than 1 lakh shareholders from 500 locations simultaneously. Reliance had so far held all in its annual general meeting (AGM) physically with shareholders … Read more

JioMart gets a WhatsApp number, goes live

Three days after Reliance Retail signed a commercial pact with Facebook’s WhatsApp to further the reach of its online venture JioMart, the retailer went live in the suburban Mumbai areas of Navi Mumbai, Thane and Kalyan. Reliance’s tie up with WhatsApp means it gets direct access to WhatsApp’s user base of over 400 million. To … Read more

In-flight WiFi – may not be very far off !

Air travel and glitch-free internet access are often considered mutually exclusive, thanks to the technical difficulties associated with making WiFi work at 40,000 feet. For the airlines, a satisfying online experience is even more elusive. The hardware, software, maintenance and inability to easily switch service providers combine for a very expensive headache. But there may … Read more