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BharatPe valuation rises to $2.85 billion after Tiger Global-led funding

BharatPe gets funding at $2.85 bn valuation, appoints Suhail Sameer as CEO
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Last Updated: Aug 04, 2021, 11:40 AM IST
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Synopsis
The fundraising, which pushes BharatPe into the unicorn club, gives the fintech startup capital as it takes over distressed lender PMC Bank with Centrum Financial Services to create a small finance bank.
ETtech
Suhail Sameer, new chief executive officer of BharatPe.
Mumbai | Bengaluru: Online payments startup BharatPe said it has raised $350 million in new funding, which has catapulted its post-money valuation to $2.85 billion, as investors line up to back domestic internet businesses.
The new financing will help the New Delhi-based company enter the fast growing club of Indian unicorns this year, making it the 19th entrant into the group. Unicorns are privately held companies that are valued at $1 billion or more. ....

Ashneer Grover , Centrum Financial Services , Maharashtra Cooperative Bank , New York Based Tiger Global , Sequoia Growth , Insight Partners , Coatue Management , Ribbit Capital , Walmart Inc Owned Flipkart , சிஇஎன்டிஆர்யுவ்எம் நிதி சேவைகள் , மகாராஷ்டிரா கூட்டுறவு வங்கி , புதியது யார்க் அடிப்படையிலானது புலி உலகளாவிய , சீக்வோயா வளர்ச்சி , நுண்ணறிவு கூட்டாளர்கள் , கோட் மேலாண்மை , ரிப்பிட் மூலதனம் , வால்மார்ட் இன்க் ஓஂட் பிளிப்கார்ட் ,

Walmart's Flipkart raises fresh funds for $38 billion valuation as IPO looms

Walmart's Flipkart raises fresh funds for $38 billion valuation as IPO looms
oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.

United States , Vishwadha Chander , Arun Koyyur , Lydia Jett , Softbank Vision Fund , Softbank Group Corp , Special Report , Walmart Inc Owned Flipkart , Canada Pension Plan Investment Board , Softbank Investment Advisers , ஒன்றுபட்டது மாநிலங்களில் , அருண் கொய்யுர் , லிடியா ஜெட் , சாப்ட் பேங்க் பார்வை நிதி , சாப்ட் பேங்க் குழு கார்ப் , சாப்ட் பேங்க் , சிறப்பு அறிக்கை , வால்மார்ட் இன்க் ஓஂட் பிளிப்கார்ட் , கனடா ஓய்வூதியம் திட்டம் முதலீடு பலகை ,

Editor's take: The week that was — March 1-6

Editor’s take: The week that was March 1-6
March 7, 2021
As we compile the list of significant developments that unfolded in Asia last week, we see an interesting shift in trend. A lot of headlines are now being dominated by SPAC-related news across markets. Earlier, the SPAC frenzy was primarily associated with companies in Southeast Asia but now it seems that countries like India, too, are warming up to the idea of listing through the SPAC route.
Indonesian unicorn
Bukalapak recently made headlines for considering a US listing via SPAC. Sources told us at DealStreetAsia that the e-commerce giant is also eyeing an IPO on the Indonesia Stock Exchange (IDX) as it looks to save tax costs associated with the listing process in the US. ....

New York , United States , Republic Of , Southern District , Pulau Pinang , Pete Chareonwongsak , Sea Ltdannounced , Huy Nhat , Nhi Dong , Jamie Lin , Jianwei Li , Addor Capitalannounced , Sicepat Ekspres , Indonesia Stock Exchange , Airasia Group , Worldbridge Group , Southern District Court , Fazz Financial Group , Kinesys Group , Philippine Stock Exchange , Southeast Asia , Walmart Inc Owned Flipkart , Zhencheng Capital , Monde Nissin , Latin American , Asia Partners ,

India's Tata Group to buy majority stake in BigBasket for $1.3 billion: report

By Reuters Staff
2 Min Read
FILE PHOTO: An employee weighs tomatoes after packing them at a Big Basket warehouse on the outskirts of Mumbai November 4, 2014. REUTERS/Danish Siddiqui
BENGALURU (Reuters) - India s Tata Group will buy a 68% stake in online grocery startup BigBasket for about 95 billion rupees ($1.31 billion), television channel ET Now said bit.ly/3jTL0Cf on Tuesday, citing sources.
The salt-to-software conglomerate has been planning to launch a “super app” that will tie in all its consumer businesses, according to media reports, as it competes against Amazon.com Inc and Reliance Industries Ltd in India’s booming e-commerce market. ....

Anuron Kumar Mitra , Hari Menon , Thomson Reuters Trust Principles , Reliance Industries Ltd , India Tata Group , Tata Group , Walmart Inc Owned Flipkart , Thomson Reuters Trust , Big Basket , Asia Pacific , Content Produced In Bangalore , Company News , Industrial Conglomerates Trbc Level 5 , Industrial Conglomerates Trbc Level 4 , Department Stores Trbc Level 4 , E Commerce Amp Auction Services Trbc Level 5 , Fishing Amp Farming Trbc Level 4 , Grain Crop Production Trbc Level 5 , Hong Kong , Internet Amp Mail Order Department Stores Trbc Level 5 , Mergers Acquisitions Takeovers , Oil Amp Gas Refining And Marketing Trbc Level 4 , Oil Amp Gas Refining And Marketing Nec Trbc Level 5 , Equity Stakes , United States , ஹரி மேனன் ,

Tata group to take $1.3 billion stake in BigBasket: Report

Tata group to take $1.3 billion stake in BigBasket: Report
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Tata s stake will translate into an enterpise value of ₹13,500 crore for BigBasket, the report said
(Photo: Mint)
Anuron Kumar Mitra
, Reuters
Indian conglomerate Tata group will buy a 68% stake in Alibaba-backed online grocery startup BigBasket for about ₹9,500 crore ($1.31 billion), the report said
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India s Tata group will buy a 68% stake in online grocery startup BigBasket for about ₹9500 crore ($1.31 billion), television channel ET Now said on Tuesday, citing sources.
The salt-to-software conglomerate has been planning to launch a super app that will tie in all its consumer businesses, according to media reports, as it competes against Amazon.com Inc and Reliance Industries Ltd in India s booming e-commerce market. ....

India General , Midi Pyrees , Madhya Pradesh , Hari Menon , Reliance Industries Ltd , Indigo Airlines Airbus , Hindustan Unilever Ltd , Hindustan Unilever , Corporate Insolvency Resolution Plan , Walmart Inc Owned Flipkart , Join Mint , Tata Group , Big Basket , Bigbasket Acquisitions , Online Grocery Startup , Bigbasket Stake Sale , Bigbasket Enterpise Value , Online Retail , இந்தியா ஜநரல் , மத்யா பிரதேஷ் , ஹரி மேனன் , நம்பகத்தன்மை தொழில்கள் லிமிடெட் , இண்டிகோ விமான நிறுவனங்கள் ஏர்பஸ் , ஹிந்துஸ்தான் யூனிலீவர் லிமிடெட் , ஹிந்துஸ்தான் யூனிலீவர் , பெருநிறுவன நொடித்துப்போனது தீர்மானம் திட்டம் ,