Biswarup Gooptu

  • Moglix, Razorpay staff make hay while Esop buyback’s on

    Moglix, Razorpay staff make hay while Esop buyback’s on

    Separately, Moglix, which counts Accel Partners, Sequoia Capital and Tiger Global Management, among others, has undertaken a Rs 5-10 crore stock buyback from eligible employees — numbering about 25 — led by the Noida-based company, along with certain investors.

    IAN makes final close of maiden fund at  Rs 375 crore

    IAN makes final close of maiden fund at Rs 375 crore

    The sector-agnostic fund, which had an initial target corpus of about ₹325 crore, counts as SIDBI, IIFL, Yes Bank, Max Group, Gray Matters Capital and Hyundai among its limited partners.

    VC investors make a beeline to Singapore

    VC investors make a beeline to Singapore

    India continues to be the core focus area for most of these fund managers, but they do not want to lose out on opportunities in SE Asia, particularly in markets such as Indonesia and the broader Asean region.

    Droom acquires Xeraphin to bolster fintech credit business

    Droom acquires Xeraphin to bolster fintech credit business

    The Sandeep Aggarwal-led auto services company has paid an estimated $3-$3.5 million to acquire the Delhi-based NBFC, which is expected to drive loan disbursals for purchasing pre-owned vehicles, and provide dealer financing under the Droom Credit business unit.

    Tencent leads $110 million funding round in MX Player

    Tencent leads $110 million funding round in MX Player

    The funding by Tencent will further intensify the competition in the domestic over the top, or OTT market which has been growing exponentially on the back of cheap mobile data, thanks to the price wars unleashed by Reliance Jio.

    SHL buys Aspiring Minds in all-cash deal

    SHL buys Aspiring Minds in all-cash deal

    The terms of the buyout, which is expected to close in November, were not disclosed. Sources, however, indicated that the deal size was $80-$100 million (about Rs 567-709 crore).

    Harmeet Singh is new CEO of RateGain

    Harmeet Singh is new CEO of RateGain

    ​RateGain, which counts PE major TA Associates as its sole institutional backer, will see current CEO Bhanu Chopra transition to the chairman’s role and undertake more client-facing and product development duties.

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