Beleaguered ecommerce company ShopClues has found an unlikely home. Once a unicorn, the Gurugram-based startup was struggling to keep afloat due to a fund crunch. It was bought by Singapore’s Qoo10 for approximately $70 million in an all-stock deal in early November. Qoo10, barely known in India, is...

Blackboard Inc. … announced that the company has completed the sale of its Blackboard Transact business unit (“Transact”) to Reverence Capital Partners, LP (“Reverence”). The completion of the transaction will allow Blackboard to remain focused on and continue to deliver market-leading innovation in...

Private equity giant KKR-backed investment platform Emerald Media has picked up a significant minority stake in Global Sports Commerce and its global affiliate Techfront for Rs 520 crores ($80m), through a combination of primary and secondary investments, as reported by Yourstory and The Economic Ti...

“A week after the Essar group signed a mega $12.9bn deal to sell Essar Oil and Vadinar Port to Rosneft of Russia, three banks — ICICI Bank, Axis Bank and Standard Chartered Bank — have received over $2.5bn (around Rs 16,750 crore) from the Essar group towards repayment of loans to Essar Global,” reported the Indian Express.

“P C Jeweller will raise up to Rs 257 crore through issue of preferential shares to US-based investment firm Fidelity for business expansion,” reported the Economic Times.