Reliance Jio Platforms Gets INR 11,367 Cr Investment From Vista Equity Partners
Vista will be the third-largest investor in Jio Platforms after Reliance and Facebook. Jio Platforms has raised over INR 60.5K Cr in the last three weeks. Silver Lake invested INR 5.6K Cr in Reliance last week
Startup Nium raises equity round from new investors Visa, BRI Ventures
Nium said it will be using the funds to further build its diversified payment infrastructure offering that includes outreach to consumers, SMEs, large enterprises as well as banks and financial institutions.
Firm LoanAdda bags funding from ah! Ventures, others
PRAAK Investments and Ahmedabad-based Ratnaafin Group also participated in the funding round. The Noida-based company will use the capital for enhancing its technology and data infrastructure, and scale up its lending volumes and acquiring talent.
Ratan Tata backs startup by teenager honoured with fellowship from PayPal co-founder
Ratan Tata, chairman emeritus of Tata Sons, has invested in healthcare startup Generic Aadhaar founded by an 18-year-old. Generic Aadhaar, launched last year by chief executive Arjun Deshpande, says it follows a pharmacy-aggregator business model by sourcing generic drugs directly from manufacturers and providing it to retailers. This helps reduce cost by up to 80%, it added.
CVC Capital to pick up stake in oncology chain HCG in second India deal
Private equity firm CVC Capital Partners is set to make its second India bet by investing in oncology chain HealthCare Global Enterprises Ltd (HCG) that listed a little over four years ago.