Mukesh Ambani-owned Reliance Industries is in talks with IMG-Singapore Pte. Ltd. to acquire a 50% stake in IMG-Reliance Ltd., in cash not exceeding Rs 52.08 crore.
Indian e-commerce venture Snapdeal, on Wednesday, reported a 1% drop in revenue from Rs 925.3 crore in FY19 to Rs 916 crore in FY20. While losses grew by 47% from Rs 186 crore in FY19 to Rs 274 crore in FY20.
RapiPay Fintech Pvt. Ltd. has raised around Rs 65 crore in a Series A funding round led by a group of investors, including Dabur, Havells promoter Sheela Foam, and Medanta Co-founder Naresh Trehan.
Bangalore-based health care firm Medfin has raised an undisclosed amount in a Series A funding round led by Blume Ventures and HealthXCapital, a healthcare-focused investment firm.
Adtech InMobi-owned Glance has become a unicorn company after raising $145 million in funding from tech giant Google and global investment firm Mithril Capital.
Ver Se' Innovation, which owns Dailyhunt, has become India's first tech unicorn focused on vernacular content after raising $100 million in funding at a valuation of over $1 billion
