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Rapido operator hits $3 billion valuation in new $240-mn funding

Mumbai, May 16 -- Roppen Transportation Services Pvt. Ltd, which operates Rapido, has raised $240 million in fresh capital in a round led by Prosus, with participation from WestBridge Capital, Accel a... Read More


Rapido raises $240 million led by Prosus at $3 billion valuation

MUMBAI, May 15 -- Roppen Transportation Services Pvt. Ltd, which operates Rapido, has raised $240 million in fresh capital in a round led by Prosus, with participation from WestBridge Capital, Accel a... Read More


ASK Alternates launches Rs.2,500 crore private credit fund

Mumbai, May 14 -- ASK Alternates, part of the Blackstone-backed ASK Asset & Wealth Management Group, has launched its second private credit fund with a target corpus of Rs.2,500 crore, including a Rs.... Read More


Sugar Cosmetics seeks Rs.100-150 crore rescue funding at steep valuation cut

MUMBAI, May 13 -- Sugar Cosmetics, once among India's fastest-growing beauty startups, is seeking a sharply discounted funding round after an aggressive offline expansion and slowing sales growth stra... Read More


Bikaji promoter Deepak Agarwal's family office invests in Bengaluru-based The Filter Coffee

New Delhi, May 8 -- Bikaji Foods' promoter Deepak Agarwal's family office has acquired a 35% stake in The Filter Coffee's (TFC) parent entity, Wishvish Foods Pvt Ltd, and plans to double down on its i... Read More


FMC to sell India business to Crystal Crop for $252 million

Mumbai, May 7 -- US-based FMC Corporation, a global agricultural sciences company, on Thursday said it has signed an agreement to sell its India commercial business to IPO-bound Crystal Crop Protectio... Read More


Veritas Finance explores Rs.1,000 crore secondary deal as IPO plans delay

New Delhi, May 6 -- Chennai-based Veritas Finance, a non-banking financial company, is exploring a private transaction worth Rs.800-1,000 crore to facilitate exits for early investors after facing rep... Read More


Small IPOs face listing delays as mutual funds turn selective amid broader market volatilities

Mumbai, May 5 -- Large mutual funds in India are becoming more selective about investing in smaller stock market listings, making companies that seek to raise between Rs.400 crore to Rs.2,000 crore ei... Read More


Carlyle buys majority stake in Knack, EqualizeRCM to build AI-led healthcare billing platform

MUMBAI, May 4 -- Global investment firm Carlyle has acquired a majority stake in Knack RCM and EqualizeRCM, two US-based healthcare revenue cycle management (RCM) providers, the companies said in a st... Read More


Citi appoints Raj Rathi as head of mergers & acquisitions in India

Mumbai, May 4 -- Citi on Monday announced the appointment of Raj Rathi as head of mergers & acquisitions (M&A) in India, effective June 2026. Rathi, who is based in Mumbai, will also assume sector co... Read More