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Volkswagen to merge three of its passenger car subsidiaries in India
The restructuring of the VW Group in India comes under its India 2.0 project. All VW Group brands like Volkswagen, Audi, Lamborghini, Porsche and Skoda would still retain their individual identities. Volkswagen Group (VW), the renowned German multinational automobile group, has re... Read More
Lavelle Networks secures $2M in funding round led by YourNest Capital
Reports confirm that YourNest Venture Capital, an early stage venture capital firm, has recently led a Series A round of funding valued at $2 million in SDN networking platform Lavelle Networks. Sources familiar with the matter informed that the round of equity financing had further seen particip... Read More
Toast valued at $2-7 billion after $250 million funding round
Barash claimed that the company is planning to use some of the latest funding round cash for expanding the team as well as for R&D. Toast, the Boston-based restaurant software company, recently reported that in a Series E funding round it has raised $250 million. The round was led by TCV and ... Read More
TCS extends digital partnership with Dutch insurance firm VIVAT
Leading global IT services, consulting and business solution provider, Tata Consultancy Services Ltd. (TCS) has recently announced the extension of its partnership with Dutch insurance company VIVAT in a bid to leverage its strategic consulting services, through innovation and leadership. C... Read More
Nykaa raises $14 million from TPG Growth in Series E funding round
Nykaa had raised $15.72 million (INR 113 Cr) from Lighthouse India Fund III in September 2018. Nykaa has recorded over $86.09 million (INR 570 Cr) in net revenue in FY18. Mumbai-based online retailer of fashion and beauty products, Nykaa, has raised $14 million (INR 100 Cr.) ... Read More
Big data firm MiningLamp raises $297M in Tencent led funding round
MiningLamp and Tencent join hands to complement each other in AI field, said Tencent Investment Management partner Lin Haifeng. Tencent, the Chinese investment holding conglomerate has recently been at the forefront of the Series D funding round for the Beijing-based rapidly growing start-up Mini... Read More
Nautic Partners successfully secures $1-5bn for its ninth funding
Kirkland & Ellis LLP served as counsellors to Nautic Partners for the latest Nautic IX funding round Nautic Partners LLC, a US-based private equity firm, has made it to the cover page for raising up to $1.5 billion, completing the final closing of Nautic IX, which is the company’s ninth... Read More
PFC agrees to pay Rs. 14,500 crore for acquiring majority stake in REC
Indian financial institution Power Finance Corporation Ltd. (PFC) will reportedly be making the complete payment of Rs 14,500 crore, on March 28, 2019, to the government for purchasing a 52.63% stake in REC Ltd. Sources privy to the development revealed that the complete amount would be paid... Read More
Post Magento acquisition, Adobe launches its new Commerce Cloud
Adobe, the American multinational software company recently launched a Commerce Cloud, its newest addition to the Experience Cloud. The new commerce cloud comes as a development on the company’s acquisition of Magento in May 2018 for $1.68 billion. This commerce cloud is basically a version of... Read More
Tencent to reportedly bring its own UPI-enabled Payments app in India
Reports confirm that Tencent, the Chinese Technology giant has announced the launch of its own UPI-enabled Payment app ‘WeChat Pay’ in India and with this move it would be joining its major global peers Amazon, WhatsApp, Xiomi and Google. Sources familiar with the matter informed that... Read More