According to a Bloomberg report, tech giant Sony is in talks to acquire a stake in billionaire Mukesh Ambani-owned Network18. This move comes with the Japanese giant’s aim to tap the booming content market in the South Asian nations and is currently carrying out due diligence before making an offer, stated the report.
Japanese financial services firm Credit Saison has launched its venture capital fund in India, a month after the Tokyo Stock Exchange-listed company’s subsidiary received a non-banking financial services license from the Reserve Bank of India. Saison Capital, a USD 55 million sector-agnostic, early-stage venture capital fund, will write cheques of USD 500,000 to USD 1 million, investing in six to eight startups, according to a senior executive at the fund.
Paytm Raises USD 1B In Funding From Softbank And Others At USD 16B Valuation
One97 Communications Limited (OCL), the parent company of Indian digital payments leader Paytm, on Monday announced equity fundraise from a group of investors, including existing shareholders such as Ant Financial and Softbank Vision Fund.
Customer Marketing Solutions Firm Punchh Raises USD 40M Led By Adams Street Partners And Sapphire Ventures
Punchh, a customer marketing solution for physical retailers, raised USD 40 million in a Series C funding round led by Adams Street Partners and Sapphire Ventures, with participation from AllianceBernstein. Robin Murray of Adams Street Partners will join the company’s board.